Britain to launch 35 billion pound banking rescue: paper
LONDON (Reuters) - Britain will launch its biggest retail bank rescue on Monday when the four largest, HBOS, Royal Bank of Scotland, Lloyds TSB and Barclays, ask for a combined 35 billion pound ($60.5 billion) lifeline, the Sunday Times reported.
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Britain to launch 35 billion pound banking rescue: paper
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IMF warns of meltdown; France says Europe to act
WASHINGTON (Reuters) - The IMF warned on Saturday the world’s financial system was near meltdown and France promised that a meeting of European leaders in Paris will detail measures to keep a market panic from triggering the most severe global downturn in decades.
Credit:IMF warns of meltdown; France says Europe to act
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Hyundai Motor unlikely to meet 2008 U.S. sales target
SEOUL (Reuters) - Hyundai Motor Co , South Korea’s top auto maker, is unlikely to meet its U.S. sales target for this year as the U.S. financial crisis hit demand in the world’s top auto market, a company president said.
Original post: Hyundai Motor unlikely to meet 2008 U.S. sales target
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Finance leaders endorse G7 plan to calm markets
WASHINGTON (Reuters) - Finance leaders from the International Monetary Fund’s 185 member countries on Saturday endorsed a plan by major economies to chart a course out of the credit crisis, hoping the broader support will calm markets.
Finance leaders endorse G7 plan to calm markets
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Wealth funds, recipients adopt investing principles
WASHINGTON (Reuters) - Government-owned wealth funds and the countries that accept their investments agreed on Saturday to a set of principles aimed at ensuring that both sides play by the rules.
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Finance chiefs endorse G7 action plan: IMF panel
WASHINGTON (Reuters) - Finance leaders from the International Monetary Fund’s 185 member countries on Saturday endorsed a plan announced by major economies to chart a course out of the credit crisis.
Originally posted here: Finance chiefs endorse G7 action plan: IMF panel
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Chrysler, GM have merger talks: sources
DETROIT/NEW YORK (Reuters) - Chrysler LLC has had talks with General Motors Corp about a deal to combine the No. 1 and No. 3 American automakers at a time when both are struggling to cut costs and shore up cash, according to three people familiar with the matter.
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IMF warns of financial meltdown
WASHINGTON/ COLOMBEY-LES-DEUX-EGLISES, France (Reuters) - The IMF warned on Saturday that the global financial system was on the brink of meltdown, while France and Germany pushed ahead with a pan-European crisis response to try to prevent the worst global downturn in decades.
See original here: IMF warns of financial meltdown
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AIG’s gallows humor gives bankers a laugh
WASHINGTON (Reuters) - Insurance giant American International Group, on the receiving end of a multi-billion dollar bailout from the Federal Reserve, was trying hard on Saturday to look on the bright side of life.
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GM talked merger with Ford before Chrysler: report
DETROIT (Reuters) - General Motors Corp approached Ford Motor Co about a possible merger of the two biggest U.S. car companies before more recent talks with Chrysler, the New York Times reported on Saturday.
Source:GM talked merger with Ford before Chrysler: report
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Italy to push for broader G7 membership
WASHINGTON (Reuters) - Italy will push for broadening membership in the Group of Seven when it takes over leading the rich nations’ club next year, Italian Economy Minister Giulio Tremonti pledged on Saturday.
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Italy proposes broadening G7, changing IMF
WASHINGTON (Reuters) - Italy will propose broadening the Group of Seven nations and giving new and different tasks to the International Monetary Fund and World Bank, Italian Economy Minister Giulio Tremonti said on Saturday.
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Italy proposes broadening G7, changing IMF
WASHINGTON (Reuters) - Italy will propose broadening the Group of Seven nations and giving new and different tasks to the International Monetary Fund and World Bank, Italian Economy Minister Giulio Tremonti said on Saturday.
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IMF warns of financial meltdown; Europe seeks unity
WASHINGTON/COLOMBEY-LES-DEUX-EGLISES, France (Reuters) - The IMF warned on Saturday that the global financial system was on the brink of meltdown, while France and Germany pushed ahead with a pan-European crisis response to try to prevent the worst global downturn in decades.
Original post: IMF warns of financial meltdown; Europe seeks unity
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IMF warns of financial meltdown; Europe seeks unity
WASHINGTON/COLOMBEY-LES-DEUX-EGLISES, France (Reuters) - The IMF warned on Saturday that the global financial system was on the brink of meltdown, while France and Germany pushed ahead with a pan-European crisis response to try to prevent the worst global downturn in decades.
See more here: IMF warns of financial meltdown; Europe seeks unity
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