Archive for September, 2008

Bail-out politics

Tuesday, September 23rd, 2008

Should McCain cheer the Wall Street package?

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Shares slide amid bail-out fears

Tuesday, September 23rd, 2008

Shares in Europe and Asia fall amid wrangling in the US over the massive $700bn financial bail-out plan.

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Setback in retirement age battle

Tuesday, September 23rd, 2008

A challenge against employers’ rights to make people retire at 65 has been rejected by the adviser to the European courts.

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Tate & Lyle loses sweetener case

Tuesday, September 23rd, 2008

Tate & Lyle loses a court case to defend its Splenda artificial sweetener from Chinese manufacturers producing generic competitors.

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Iraq strikes gas deal with Shell

Tuesday, September 23rd, 2008

Iraq agrees to set up a joint venture with Royal Dutch Shell to invest in the country’s natural gas reserves.

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China stock market bounces back

Tuesday, September 23rd, 2008

China’s main share index soars by almost 8% after government moves to revive investor confidence.

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Morgan Stanley in 20% stake sale

Tuesday, September 23rd, 2008

Japanese banking giant Mitsubishi UFJ Financial Group says it will buy a stake in troubled Wall Street bank Morgan Stanley.

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Takeover hopes boost B&B

Tuesday, September 23rd, 2008

Bradford & Bingley shares climb amid rumours that the mortgage lender could be the next in line for takeover.

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Yell announces plan to cut debt

Tuesday, September 23rd, 2008

Yellow Pages owner Yell announces a plan to radically reduce its debt.

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FSA to consider bonus clampdown

Tuesday, September 23rd, 2008

The new chairman of the City regulator says it could penalise banks who pay bonuses that encourage excessive risk-taking.

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