US shares up on 'Treasury choice'
[ 22-11-2008 ]
US shares rise sharply on reports that President-elect Barack Obama has chosen his treasury secretary, reassuring investors.
Citigroup plunges on uncertainty
[ 22-11-2008 ]
Shares in Citigroup, one of the biggest banks in the US, fell on Friday amid uncertainty about the firm's future.
No agreement for US car bail-out
[ 21-11-2008 ]
US carmakers are given a deadline to produce a viable recovery plan if they want a $25bn government bail-out.
EU warns against car subsidy race
[ 21-11-2008 ]
EU Competition Commissioner Neelie Kroes tells France and Germany not to start a "subsidy race" to save the car industry
Russian oil giant circles Repsol
[ 21-11-2008 ]
Spanish savings bank La Caixa may sell its 14% stake in Spanish-Argentine energy firm Repsol to Russia's Lukoil.
Eurozone business activity falls
[ 21-11-2008 ]
Business activity in the 15 countries sharing the euro falls in November to a ten-year low, the purchasing managers' index (PMI) shows.
Gap profits higher than expected
[ 21-11-2008 ]
American clothes retailer Gap defies Wall Street forecasts and reports higher-than-expected third quarter net profits.
Italian telecoms talks collapse
[ 21-11-2008 ]
Hutchison Whampoa subsidiary 3 Italia fails to reach a merger agreement with Telecom Italia because of price disagreements.
Rwandan growth could reach 10%
[ 21-11-2008 ]
Rwanda's booming manufacturing and farming sectors could push growth in the country to 10% this year, its central bank says.
Japan keeps rates on hold at 0.3%
[ 21-11-2008 ]
Japan's central bank keeps its key rate unchanged at 0.3% on Friday but warns of an uncertain outlook.