Chinese earthquake stokes inflation fears 2008-05-15 06:01 - Analysts warned today that the earthquake could unravel the Chinese
government’s recent efforts to rein in bank lending and cool inflation –
regional banks in the affected areas are now expected to be granted immunity
from the recently imposed curbs on lending as firms race to rebuild.
Oil companies struggle with spiralling costs 2008-05-15 06:01 - The world’s leading oil companies are struggling to contain spiralling
industry costs which are compounding the upward pressure on global oil
prices, according to a leading industry research group.
Greenback shows those green shoots 2008-05-15 05:26 - Cautious, tentative optimism that the United States may be past the worst of
the financial crisis seems to have found an echo in global currency markets.
Alistair Darling counts cost as party over for UK plc 2008-05-15 05:26 - It was fun while it lasted and everybody drank too much, but the UK plc party
is over and nobody can remember who promised to pay the bill.
Former UBS banker charged with US tax fraud 2008-05-15 05:25 - A former colleague of the senior UBS banker detained by US authorities last
week has been charged over allegations he helped a billionaire real estate
developer evade millions of dollars in US income taxes.
Food crisis forces Malaysia into barter: palm oil for rice 2008-05-15 05:25 - Asian commodity and currency markets could be plunged into chaos after the Malaysian
government threatened to abandon standard trading channels in favour of
bartering palm oil for rice.
Housing gloom darkens as US repossessions rise 2008-05-15 05:25 - Fresh evidence that the US property recession is worsening emerged today after
new data revealed that a record 8,000 US households a day are in foreclosure
and the total number of homeowners falling into arrears with their mortgage
payments rose by 65 per cent.
HSBC write-downs ’should be $50bn’$ 2008-05-14 06:01 - Knight Vinke, the activist shareholder laying siege to HSBC, today accused the
bank of massively understating its probable losses on US subprime debt,
suggesting it should have written off another $25 billion or more to be as
prudent as its biggest rivals.$
Currys owner poised to shed 400 jobs 2008-05-14 06:01 - The new chief executive of DSG International, the Currys to PC World
electricals group, is expected to cut 400 head office jobs as part of a
strategic shake-up later this week.
