French banks to merge in bid to weather storm
Two of France's leading banks, Caisse d'Epargne and Banque Populaire, approved plans for a merger on Wednesday in a bid to protect themselves from the global financial tsunami.
Iran car maker says French politics hampering ventures
The chairman of Iran's biggest car maker accused France of "inappropriate policies", which he said are hampering joint ventures in a country where French manufacturers have a 40 to 50 percent market share.
World's central banks cut rates amid clamour to act
Central banks around the world cut interest rates in unison on Wednesday, responding to a worldwide clamour for concerted action to contain the worst financial crisis since the Great Depression.
Spanish bank fund will acquire only top-rated mortages: official
Spain's new 30-billion-euro bank rescue fund is aimed at acquiring top-rated mortgages in exchange for injecting essential liquidity into the credit market, a government spokesman said Wednesday.
FTSE closes at new 4-yr low
The top share index sank to its lowest close in over four years again on Wednesday as a 50 billion pound injection for banks from the state and coordinated interest rate cuts from global central banks failed to lift confidence.
News from Yahoo News
Two of France's leading banks, Caisse d'Epargne and Banque Populaire, approved plans for a merger on Wednesday in a bid to protect themselves from the global financial tsunami.
Iran car maker says French politics hampering ventures
The chairman of Iran's biggest car maker accused France of "inappropriate policies", which he said are hampering joint ventures in a country where French manufacturers have a 40 to 50 percent market share.
World's central banks cut rates amid clamour to act
Central banks around the world cut interest rates in unison on Wednesday, responding to a worldwide clamour for concerted action to contain the worst financial crisis since the Great Depression.
Spanish bank fund will acquire only top-rated mortages: official
Spain's new 30-billion-euro bank rescue fund is aimed at acquiring top-rated mortgages in exchange for injecting essential liquidity into the credit market, a government spokesman said Wednesday.
FTSE closes at new 4-yr low
The top share index sank to its lowest close in over four years again on Wednesday as a 50 billion pound injection for banks from the state and coordinated interest rate cuts from global central banks failed to lift confidence.
News from Yahoo News