Fed adds $800bn to boost borrowing
The US Federal Reserve on Tuesday intensified its efforts to tackle the financial crisis, pledging up to $800bn to help homebuyers, small business and students to borrow.
November 25, 2008
BHP’s bid for Rio falls victim to crunch
Global miner BHP Billiton called off its bid for rival Rio Tinto, citing worsening market conditions and demands for asset sales from European regulators
UltraShort ETF bet pays off
Government fumbling and the Street’s panicked response to some dire economic ‘news’ helped me score a 40% 2-day gain. Unfortunately, playing it safe has become harder to do.
Tories attack ‘reckless’ Darling
Alistair Darling defends his pre-Budget as the Conservatives accuse him of taking “huge risks” with the UK economy.
Mortgage lending feels the strain
The slump in mortgage lending by the UK’s biggest banks continued in October, a banking body says.
Rio shares plunge as BHP walks away
Global miner BHP Billiton called off its bid for rival Rio Tinto, citing worsening market conditions and demands for asset sales from European regulators
World Bank says crisis will slow China
In its latest update on the Chinese economy, the bank lowered its outlook for 2009 gross domestic product growth to 7.5% from 9.2% – a forecast it had made in June before the international financial crisis worsened