Oil rebounds above $88 after 8-month low

October 6, 2008 on 10:58 pm | In Business News | No Comments

SINGAPORE (Reuters) - Oil rebounded above $88 a barrel on Tuesday, recouping some of the $6 losses that sent it to an eight-month low the previous day when investors bet the global economy would slip into recession and demand for fuels would sink.

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Oil rebounds above $88 after 8-month low

Belgium offers Fortis shareholders profit rights

October 6, 2008 on 10:18 pm | In Business News | No Comments

BRUSSELS (Reuters) - Shareholders in financial group Fortis will be able to claim a part of any profit the Belgian state makes from its investment in Fortis Bank Belgium and in BNP Paribas , the government said on Tuesday.

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Belgium offers Fortis shareholders profit rights

Panic knocks Asia stocks and lifts gold

October 6, 2008 on 10:15 pm | In Business News | No Comments

HONG KONG (Reuters) - Panic about how the U.S. and European governments have not yet found a solution to the plague sweeping through the global financial system hit Asian stocks again on Tuesday and lifted gold prices.

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Panic knocks Asia stocks and lifts gold

U.S. urges unified response as crisis hammers stocks

October 6, 2008 on 7:42 pm | In Business News | No Comments

NEW YORK/WASHINGTON (Reuters) - Governments around the world scrambled for new measures to contain the fast-spreading credit crisis as stock, bond and commodity markets bet on deepening uncertainty and a sharp downturn.

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U.S. urges unified response as crisis hammers stocks

Europe strives to combat financial crisis in unison

October 6, 2008 on 6:59 pm | In Business News | No Comments

PARIS/LUXEMBOURG (Reuters) - European governments struggled on Monday to shelter banks and bank depositors from a global financial crisis that is eroding confidence, endangering the economy and challenging their ability to respond as one.

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Europe strives to combat financial crisis in unison

FTSE in biggest one-day points fall

October 6, 2008 on 6:52 pm | In Business News | No Comments

LONDON (Reuters) - The leading share index recorded its biggest ever one-day points fall on Monday with banking and commodity stocks taking a battering as the fallout from financial crisis once again …

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FTSE in biggest one-day points fall

U.S. urges unified response as crisis hits markets

October 6, 2008 on 6:39 pm | In Business News | No Comments

NEW YORK/WASHINGTON (Reuters) - Governments around the world grasped at new measures to contain the fast-spreading credit crisis, but stock, bond and commodity markets saw investors bet on deepening uncertainty and a sharp downturn.

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U.S. urges unified response as crisis hits markets

Anheuser-Busch schedules vote on InBev takeover

October 6, 2008 on 6:34 pm | In Business News | No Comments

LOS ANGELES (Reuters) - Anheuser-Busch Cos Inc investors on Nov 12 will cast their votes on its planned merger with InBev NV , according to a filing with the U.S. Securities and Exchange Commission …

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Anheuser-Busch schedules vote on InBev takeover

Governments back Alitalia-Lufthansa deal

October 6, 2008 on 3:21 pm | In Business News | No Comments

BERLIN (Reuters) - The German and Italian leaders on Monday backed a potential agreement between Alitalia and Lufthansa on the German airline taking a minority stake in the Italian carrier.

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Governments back Alitalia-Lufthansa deal

Prosecutors seek 13-yr sentence for Parmalat ex-CEO

October 6, 2008 on 3:09 pm | In Business News | No Comments

MILAN (Reuters) - Italian prosecutors sought a 13-year prison term for the former head of Italian food company Parmalat SpA Monday over its 2003 collapse in one of Europe’s biggest financial scandals.

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Prosecutors seek 13-yr sentence for Parmalat ex-CEO

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