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Thursday, August 28

Huge write downs for French banks

by Mnet on Thu 28 Aug 2008 06:35 PM BST

*  Oil up on Gustav, down on gas inventories
*  Drinks company Diageo cuts profit target
*  Continental finds new use for tyres

France is still reeling from the financial turmoil. Its biggest retail
bank, ...   more »

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Wednesday, August 27

Credit crunch explained - What's caused the global credit crisis?

by Mnet on Wed 27 Aug 2008 05:04 AM AKDT

Credit crunch explained - What's caused the global credit crisis?
Author: Richard Greenwood

The newspapers are full of articles on the on-going credit
crunch. Oil prices are up, inflation is definitely up and
there is ... more »

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Friday, August 22

Even the rich feeling the pain

by Mnet on Fri 22 Aug 2008 01:32 PM BST

According to a recent survey by American Express 80 percent of America's
richest households are looking across the board at where they can cut
spending--with those already pinching pennies up by over 30 percent in ...   more »

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Friday, August 15

Dollar shines along with China economy

by Mnet on Fri 15 Aug 2008 11:22 AM BST

China bucks the trend with a fresh batch of data suggesting the economy
remains relatively robust.

The U.S. dollar jumped to a 6 month high on Friday.

Gold prices fell to their lowest levels this ...   more »

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Wednesday, August 13

Recession chill for UK

by Mnet on Wed 13 Aug 2008 09:01 PM BST

*UK jobless rate takes biggest jump in 15 years
*Belt-tightening in Europe doesn't extend to vacations

Bank of England governor Mervyn King has officially joined others warning
Britain will move into recession in the coming ...   more »

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