Shares surge on US bail-out plan
September 22nd, 2008 piotr zukowskiShares on Wall Street follow European and Asian markets higher as confidence is boosted by a US government plan to free US banks from bad debt.
Shares on Wall Street follow European and Asian markets higher as confidence is boosted by a US government plan to free US banks from bad debt.
US investment bank Morgan Stanley is holding talks with possible suitors, including a Chinese bank, reports say.
Toshiba says it will swing into the red in the first half of the year - the first time it has made a loss for five years.
Henry Paulson urges Congress to move quickly to pass a $700bn (£382bn) package to tackle the worst financial crisis for decades.
Russia’s two leading stock exchanges are forced to close twice after share prices surge.
Veteran rock star Sir Mick Jagger helps the EU to prepare new guidelines to simplify internet shopping.
The number of homes for sale is tipped to fall as homeowners seek to avoid the
further price slides expected to follow the financial turmoil sparked by the
collapse of Lehman Brothers.
The most tumultuous week in financial markets since 1929 has not done enough
to halt what has become a sickening downward spiral. I warned a fortnight
ago that we were at a tipping point, but even I didn’t suspect it would be a
fall-off-the-cliff point.
Homeowners should brace themselves for a fresh round of increases to mortgage
rates as lenders respond to turbulence in the banking sector, experts gave
warning this week.
“Last night, Federal Reserve Chairman Ben Bernanke, SEC Chairman Chris Cox and
I had a lengthy and productive working session with Congressional leaders.
We began a substantive discussion on the need for a comprehensive approach
to relieving the stresses on our financial institutions and markets.