International

Wednesday, September 17th 2008 - 21:00 UTC
UK sponsors consolidation of Lloyds TSB and HBOS

British bank HBOS confirmed it is in advanced talks with Lloyds TSB about creating a United Kingdom retail banking giant worth £30 billion. The UK government has also said it will overrule any concerns that competition authorities may raise, BBC Business Editor Robert Peston said.
Wednesday, September 17th 2008 - 21:00 UTC
World malnourished soar to 925 million with global food crisis

The way out of the global food crisis, which has plunged at least 75 million more humans into hunger and poverty, lies in increased agricultural production, FAO Director-General Jacques Diouf told Italy's Parliament on Wednesday.
Wednesday, September 17th 2008 - 21:00 UTC
China/USA agree on trade, food security and intellectual rights

Chinese and US delegations at the 19th meeting of China-US Joint Commission on Commerce and Trade (JCCT) reached this week several agreements on boosting trade ties at the Richard Nixon Presidential Library near Los Angeles, reports Xinhua the official Chinese news agency.
Wednesday, September 17th 2008 - 21:00 UTC
EU fisheries policy failed to protect stocks; new review

The European Commission has announced a full review of the EU Common Fisheries Policy, saying the current regime fails to protect fish stocks. EC says that fishermen who obey the fishing rules are being penalized by the irresponsible behavior of others who flout them.
Tuesday, September 16th 2008 - 21:00 UTC
Global uncertainty settles oil prices below 100 US dollars

Oil prices lost five US dollars ending Monday below 100 US dollars a barrel for the first time in six months, spurred by concerns about the global economy. With banking giant Lehman Brothers filing for bankruptcy protection, US light sweet crude closed Monday in New York at 95.71 and London Brent 92.38 US dollars a barrel.
Tuesday, September 16th 2008 - 21:00 UTC
Uncertainties and “rough spots” ahead for world markets

Leading Asian markets plunged in the aftermath of the collapse of one of the US top investment banks, Lehman Brothers. Shares in Japan, South Korea, China and Taiwan were down by 4 to 6%, having been shut on Monday for a bank holiday.
Tuesday, September 16th 2008 - 21:00 UTC
IMF chief predicts end of independent investment banks

The global financial crisis is not over and more banks could close, possibly leading to the disappearance of independent investment houses, IMF chief Dominique Strauss-Kahn told reporters in Cairo.
Monday, September 15th 2008 - 21:00 UTC
Nobel Prize Stiglitz: crisis should be less serious than 1929

The crisis now gripping world financial markets should be less serious than that of 1929, Nobel Prize laureate Joseph Stiglitz said on Monday because new monetary and fiscal “instruments” could prevent a Great Depression.
Sunday, September 14th 2008 - 21:00 UTC
Aeroflot Airliner 737 Crashes, Killing All 88 Passengers

A Boeing 737 passenger jet has crashed near the Russian city of Perm in the central Ural mountains killing all 88 people on board, Russian news agencies reported.
Friday, September 12th 2008 - 21:00 UTC
Debt strapped Spanish builder wants out from Repsol-YPF

The impact of Spain's housing market crash has a new chapter: construction company Sacyr Vallehermoso SA is considering selling its 20% stake in oil major Repsol-YPF, as it struggles with a sinking property market and soaring financial costs, according to an announcement released Friday by Spain's Markets Commission, CNMV.