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- Online fashion firm ASOS H1 sales up 104 percent
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LONDON (Reuters) - ASOS , the AIM-listed internet fashion retailer, defied the gloom on the high street, reporting buoyant first-half sales and issuing a confident outlook statement.
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Original Source: feeds.reuters.com
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30 September, 2008| massmedia |
Comments (0) @ 23:22
- Xstrata abandons Lonmin bid due to credit crisis
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LONDON (Reuters) - Miner Xstrata said on Wednesday it would not to make a formal $10 billion (5.6 billion pound) takeover offer for No. 3 platinum producer Lonmin due to financing difficulties in the global credit crisis.
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Original Source: feeds.reuters.com
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30 September, 2008| massmedia |
Comments (0) @ 23:17
- Oil extends gains to $102 on bailout revival hopes
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PERTH (Reuters) - Oil extended the previous day’s gains by another dollar on Wednesday to hover around $102 a barrel, buoyed by hopes that Washington would find a way to pass a rescue plan to head off a deep recession in the United States and abroad.
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Original Source: feeds.reuters.com
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30 September, 2008| massmedia |
Comments (0) @ 22:55
- Australia regulator clears BHP bid for Rio Tinto
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MELBOURNE (Reuters) - Australia’s competition watchdog cleared miner BHP Billiton Ltd’s proposed $114 billion (64 billion pound) bid for rival Rio Tinto on Wednesday, saying it was unlikely to substantially lessen competition.
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Original Source: feeds.reuters.com
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30 September, 2008| massmedia |
Comments (0) @ 22:55
- Asian shares rise on US deal hope
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Asians shares post strong gains after the news US senators will vote later on Wednesday on a revamped financial rescue plan….
Original Source: news.bbc.co.uk
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30 September, 2008| massmedia |
Comments (0) @ 22:50
- UBS seen announcing 1,900 new job cuts
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ZURICH (Reuters) - Swiss bank UBS may announce plans to cut another 1,900 jobs in its investment banking, equities and fixed income units at its October 2 shareholder meeting, Bloomberg said on Wednesday.
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Original Source: feeds.reuters.com
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30 September, 2008| massmedia |
Comments (0) @ 22:38
- Vultures Circling Hartford Financial
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Shares of the insurer and investment manager fall on fears it will fall victim to the credit crisis….
Original Source: www.forbes.com
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30 September, 2008| massmedia |
Comments (0) @ 20:43
- US senators to vote on bail-out
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The US Senate is to vote on a revised financial rescue package after a $700bn plan was rejected by the House of Representatives….
Original Source: news.bbc.co.uk
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30 September, 2008| massmedia |
Comments (0) @ 20:37
- U.S. Senate agrees to vote on bailout
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WASHINGTON/NEW YORK (Reuters) - The U.S. Senate will vote on Wednesday night on a new version of the $700 billion bailout package for Wall Street, rekindling hopes that the credit crisis can be stemmed before claiming yet more banks and causing further damage to a weakening global economy.
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Original Source: feedproxy.google.com
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30 September, 2008| massmedia |
Comments (0) @ 20:37
- Off With The Head
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Struggling financial firms are offering up their chief executives as fall guys….
Original Source: www.forbes.com
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30 September, 2008| massmedia |
Comments (0) @ 20:11
- Stocks rally on hopes of bailout vote
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HONG KONG (Reuters) - Stocks in Japan and Australia bounced higher on Wednesday and the yen steadied as investors edged away from safety plays on hopes that a salvaged Wall Street rescue plan in Washington could keep global equities rallying.
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Original Source: feedproxy.google.com
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30 September, 2008| massmedia |
Comments (0) @ 20:05
- Oil extends gains on U.S. bailout revival hopes
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PERTH (Reuters) - Oil extended its rally and rose over $1 on Wednesday to hover around $102 a barrel, buoyed by hopes that Washington would find a way to pass a rescue plan to head off a deep recession in the United States and abroad.
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Original Source: feeds.reuters.com
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30 September, 2008| massmedia |
Comments (0) @ 18:35
- U.S. Senate sets bailout vote as stocks rally
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WASHINGTON/NEW YORK (Reuters) - The U.S. Senate agreed to vote on Wednesday night on a new version of the $700 billion (388 billion pound) bailout package for Wall Street that will include a big increase in the amount of bank deposits protected by the government’s insurance program, a Senate aide said on Tuesday.
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Original Source: feeds.reuters.com
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30 September, 2008| massmedia |
Comments (0) @ 18:27
- Fortis scraps Ping An deal and Deutsche blocked
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AMSTERDAM (Reuters) - Fortis , the partially nationalised Belgian-Dutch financial group, halted deals with China’s Ping An and Deutsche Bank on Tuesday, two days after Benelux governments swooped in to rescue the ailing company.
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Original Source: feeds.reuters.com
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30 September, 2008| massmedia |
Comments (0) @ 18:21
- Stocks rally as Bush pushes revived bailout
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NEW YORK/WASHINGTON (Reuters) - U.S. lawmakers and President George W. Bush eased pressure on financial markets on Tuesday by starting work to revive a $700 billion (388 billion pound) bailout plan to stem a credit crisis that has spread beyond Wall Street to claim more European banks.
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Original Source: feeds.reuters.com
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30 September, 2008| massmedia |
Comments (0) @ 16:45
- Dutch cenbank halts Fortis ABN Dutch assets sale
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AMSTERDAM/BRUSSELS (Reuters) - The Dutch central bank is withholding approval for Fortis NV’s sale of 709 million euros (561 million pounds) worth of Dutch ABN AMRO assets to Deutsche Bank AG in order to meet European antitrust demands, Fortis said on Tuesday.
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Original Source: feeds.reuters.com
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30 September, 2008| massmedia |
Comments (0) @ 16:02
- U.S. stocks rally on bailout hope
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NEW YORK (Reuters) - The dollar surged and U.S. stocks jumped on Tuesday, recouping more than half the losses sustained from Wall Street’s worst day in 20 years, on growing optimism Washington will find a way to rescue troubled banks.
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Original Source: feeds.reuters.com
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30 September, 2008| massmedia |
Comments (0) @ 15:03
- Barclays Capital relaunches U.S. equities unit
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NEW YORK (Reuters) - Barclays Capital, the investment banking unit of Barclays , said on Tuesday it has relaunched its U.S. Equity Trading and Research division, following the acquisition of some assets of bankrupt Lehman Brothers Holdings .
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Original Source: feeds.reuters.com
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30 September, 2008| massmedia |
Comments (0) @ 14:26
- Dexia gets 6.4 bln euro rescue
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BRUSSELS (Reuters) - Franco-Belgian bank Dexia won a 6.4 billion euro (5.06 billion pounds) public bailout on Tuesday and its chief executive and chairman quit as a deepening global credit crisis shook European banks.
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Original Source: feeds.reuters.com
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30 September, 2008| massmedia |
Comments (0) @ 13:53
- Bail-out hope sends shares higher
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US stocks move higher after President George W Bush renews calls for Congress to back the $700bn banking rescue plan….
Original Source: news.bbc.co.uk
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30 September, 2008| massmedia |
Comments (0) @ 13:48