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Intl Business-Business-The Times of India
News from India by India number one website

The Times of India
  • Global stocks, oil jump after bank rescue plans
    World stocks jumped on Monday from last week's four-year low after policymakers around the world took new and drastic steps to rescue banks and prevent the global economy from sinking into recession

  • Britain to invest up to £37bn pounds in ailing banks
    Britain's government is to invest up to £37bn (?47bn, $64bn) in ailing British banks Royal Bank of Scotland (RBS), HBoS and Lloyds TSB, it said on Monday.

  • IMF chief welcomes European bank rescue plan
    The head of the International Monetary Fund welcomed a European bank rescue plan on Monday despite its high cost, and predicted that weekend efforts by world leaders would soothe anxious global markets.

  • Euro rises on dollar to $1.3553
    The euro rose against the dollar on Monday as markets and currencies began to react positively to continued efforts to support the world's financial markets.

  • World holds its breath as bank bailouts take shape
    The world readied for a slew of bank bailouts worth hundreds of billions of dollars in an effort to staunch the credit rout that threatens to tip the global economy into recession.

  • Crude prices could fall to $50 a barrel: Goldman Sachs
    Goldman Sachs, one of the foremost bulls on commodities, turned a near-term bear on Monday after conceding that global financial turmoil would take a far bigger toll on demand than first anticipated.

  • Morgan Stanley renegotiating Mitsubishi UFJ deal
    US banking giant Morgan Stanley was racing to salvage a crucial investment from a big Japanese bank in an effort to allay growing fears about its future negotiations so critical to the financial markets that they have drawn in both the US Treasury Department and the Japanese government, a media report said.

  • Fed to appoint trustees for AIG stake
    The Federal Reserve is on the verge of appointing trustees to oversee the US government's stake in American International Group Inc.

  • Most Asian markets rise after last week's rout
    Most Asian stock markets recovered on Monday after last week's historic sell-off as governments in Europe and beyond intensified efforts to stabilize the world's troubled financial system.

  • US Fed approves takeover of Wachovia by Wells Fargo
    The US Federal Reserve on Sunday approved Wells Fargo's takeover of troubled banking rival Wachovia, a deal which would create the largest bank branch network in the United States.


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