Archive for November 6th, 2008

Spain tries to win invite to summit in US (AP)

AP - Spain, pressing for an invitation to next week's global financial crisis summit in Washington, has won French support to attend as an observer, officials said Thursday.

AP

Posted by
Comments Off

Scottish special election a test for UK’s Brown (AP)

The Labour Party's Glenrothes by-election candidate Lindsay Roy, right, and former Labour Party government minister John Prescott campaign in Glenrothes Scotland Wednesday Nov, 5, 2008. British Prime Minister Gordon Brown is not on the ballot, but the special election in Scotland on Thursday will indicate whether his response to the world economic crisis has revived his flagging electoral fortunes. The election in Glenrothes, a small former coal mining town, is the first since Brown launched an unprecedented and widely praised 37 billion pound (US$63 billion) bailout of some of Britain's leading banks last month. The slogan on the banner refers to the Scottish National Party who are expected to be the Labour Party's main opposition for the parliamentary seat.. (AP Photo/Danny Lawson/PA)AP - A special election Thursday in Scotland is being seen as a measure of whether Prime Minister Gordon Brown's handling of the global financial crisis has raised his popularity.

AP

Posted by
Comments Off

London FTSE slumps on rates cuts (AFP)

The FTSE 100 Index slumped for a second consecutive day Thursday as investors viewed interest rate cuts by the Bank of England and European Central Bank as a sign the regional economy is in a far worse state than originally thought.(AFP/File/Shaun Curry)AFP - The FTSE 100 Index slumped for a second consecutive day Thursday as investors viewed interest rate cuts by the Bank of England and European Central Bank as a sign the regional economy is in a far worse state than originally thought.

AFP

Posted by
Comments Off

European banks cut rates as recession looms (AP)

A man watches Jean-Claude Trichet, President of the European Central Bank ECB on a screen during a broadcast news conference, Thursday, Nov. 6 , 2008 in Paris. World stock markets fell Thursday despite interest rate cuts across in Europe, including a much bigger than anticipated reduction from the Bank of England, as investors continued to fret about the outlook for the global economy. (AP Photo/Francois Mori)AP - The Bank of England slashed its key interest rate by 1.5 percentage points Thursday to its lowest in more than 50 years in a dramatic bid to cushion the coming recession, while the European Central Bank settled for a more conservative half-point trim.

AP

Posted by
Comments Off

Iceland bank failure may cost UK Treasury $1.3 bn (AP)

AP - The British government has set aside 800 million pounds ($1.3 billion) for British savers who lost their money when Icelandic-owned Internet bank Icesave collapsed last month, the Treasury announced Thursday.

AP

Posted by
Comments Off



Page 1 of 612345...Last »
  • Vodafone’s 1H profit falls; cost cuts boost shares (AP)