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Markets recover 40 percent of last week's losses
Published October 13, 2008, 8:35 am, Calcutta News
Strong global cues and a pep talk from Finance Minister P. Chidambaram helped restore investor confidence in the Indian share markets Monday and equities ended the day in the green recovering nearly 40 percent of last week's losses.
Wall Street soars as government pledges bank aid
Published October 13, 2008, 8:31 am, Chattanooga Times Free Press
NEW YORK — Wall Street snapped back today from last week’s devastating losses after major governments announced further steps to support the global banking system, including plans by the U.S. Treasury to buy stocks of some banks. All the major indexes rose well over 5 percent, and the Dow Jones industrials gained nearly 480 points.
UPDATE: U.K. Sees Bank Stakes As Temporary, Expects To Profit From Deal
Published October 13, 2008, 8:29 am, Nasdaq
LONDON (Dow Jones) -- The U.K. government said Monday it will sell its stake in three major banks once the sector recovers and expects to make a profit on the support it's giving them.
It's Raining Bailouts In Europe
Published October 13, 2008, 8:27 am, Forbes
Britain, France and Germany all adopt broadly similar measures to tackle the credit crisis.
European governments offer $2 trillion for banks
Published October 13, 2008, 8:26 am, INO News
(AP:PARIS) European governments say they are putting nearly $2 trillion on the line to protect the continent's banks through guarantees and other emergency measures.
House of Fraser and Bhs both see brand Buzz falter
Published October 13, 2008, 8:24 am, Mad.co.uk
Sir Philip Green may be donning the armour of a white knight for beleaguered Icelandic investment group Baugur but the brand perception of his House of Fraser target and the tycoon’s own Bhs business bear scrutiny.
Europe lending conditions improve slightly
Published October 13, 2008, 8:23 am, INO News
(AP:LONDON) Key euro lending rates between banks in Europe fell slightly Monday, suggesting credit-market conditions might improve after governments and central banks announced large-scale plans to put taxpayer money into banks and rescue the financial sector.
China's September trade surplus at $29.3 billion
Published October 13, 2008, 8:22 am, INO News
(AP:BEIJING) China's trade surplus in September hit a new monthly high of $29.3 billion, the government said Monday.
I.M.F. Says It?s Ready to Assist Hungary
Published October 13, 2008, 8:18 am, New York Times
PARIS The International Monetary Fund said Monday that it stood ready to help Hungary as the global financial crisis increased the strains on the Eastern European country?s economy.
Zimbabwe: Zimbabwe National Students Union Statement on Mugabe's Cabinet Gazette
Published October 13, 2008, 8:17 am, AllAfrica.com
The Zimbabwe National Students Union is totally outraged by Mugabe's barbaric behavior, contempt of the Power Sharing arrangement and lack of political will to assist the nation in finding a lasting solution to the crisis bedeviling our country.
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