Bush unveils $17.4bn carmaker rescue
George W. Bush handed the fate of US carmakers to president-elect Barack Obama as he announced plans to lend General Motors and Chrysler $17.4bn to survive the next three months.
December 19, 2008
Anglo Irish chiefs quit in loans scandal
Shares in the specialist lender plunged after it emerged that Sean FitzPatrick, chairman, had temporarily transferred loans to another, unnamed bank prior to the group’s year-end over an eight-year period
Cashing in on the yen
The Japanese currency has had a nice run as an alternative to a dollar, but there are risks here. So I’m trimming my position and keeping a close eye on the rest.
Putting an early end to a trying year
With markets at one point cut nearly in half from their record highs, this has not been an easy time for the meek. But our players have done well, considering.
Anglo Irish chairman quits over loans
Shares in the specialist lender plunged after it emerged that Sean FitzPatrick, chairman, had temporarily transferred loans to another, unnamed bank prior to the group’s year-end over an eight-year period
Japan cuts rates as economy falters
The Bank of Japan reduced interest rates for the second time in two months, bringing its rates to within the US Federal Reserve’s range after its historic move close to zero earlier in the week
Sterling nears parity with euro
The pound dropped to within 5p of parity with the euro as tensions broke out between the Treasury and the Bank of England over how to get banks lending again