Russia cuts rates to hold down ruble
MOSCOW (AFP) - The Russian central bank cut its main interest rate to a record low 9.0 percent on Tuesday to check a strengthening ruble that threatens to harm the major oil and gas producer's...
AFP Finance News -
Wednesday November 25, 2009, 3:17 am
Bank of England reveals secret loans to RBS, HBOS
LONDON (AFP) - The Bank of England admitted Tuesday that it lent a total of 61.6 billion pounds to Royal Bank of Scotland and HBOS in secret during last year's financial crisis, adding that the cash...
AFP Finance News -
Wednesday November 25, 2009, 3:03 am
US Airways delays delivery of 54 Airbus aircraft
WASHINGTON (AFP) - US Airways said Tuesday it had delayed the delivery of 54 Airbus aircraft as part of spending cuts over the next three years aimed at returning the struggling airline to...
AFP Finance News -
Wednesday November 25, 2009, 2:23 am
European stocks drop after surge
LONDON (AFP) - Europe's main stock markets fell in morning deals on Tuesday owing to profit-taking after beginning the week sharply higher.London's FTSE 100 index of top shares dropped 0.13 percent...
AFP Finance News -
Tuesday November 24, 2009, 11:00 pm
S.Africa leaves recession with 0.9% growth
JOHANNESBURG (AFP) - The South African economy has escaped from recession with growth of 0.9 percent in the third quarter of 2009, official data for gross domestic product showed on Tuesday."The...
AFP Finance News -
Tuesday November 24, 2009, 10:41 pm
Nokia says it will cut 220 R&D jobs in Japan
HELSINKI (AFP) - Nokia, the world's biggest mobile phone maker, said on Tuesday it would cut around 220 jobs in Japan as part of its plans to streamline its vast research and development...
AFP Finance News -
Tuesday November 24, 2009, 10:39 pm
Eurozone factory orders rise in September
BRUSSELS (AFP) - Factories in the 16-nation eurozone reported a rise of new orders in September, although more recent data has suggested economic recovery in Europe may be peaking.Industrial new...
AFP Finance News -
Tuesday November 24, 2009, 10:36 pm
Dollar claws back ground against euro
LONDON (AFP) - The dollar firmed on Tuesday after recent sharp losses as investors largely stayed on the sidelines ahead of the US Thanksgiving holiday later in the week, dealers said.In late morning...
AFP Finance News -
Tuesday November 24, 2009, 10:28 pm
Oil prices dip, stay above $77
LONDON (AFP) - Oil prices fell slightly on Tuesday amid lingering concerns about weak energy demand.New York's main contract, light sweet crude for January delivery, eased 19 cents to 77.37 dollars a...
AFP Finance News -
Tuesday November 24, 2009, 10:08 pm
PPR 'set to sell Fnac, Conforama'
PARIS (AFP) - The French international fashion group PPR is set to sell its consumer goods chains Fnac and Conforama to focus on its luxury brands, chief executive Francois-Henri Pinault said on...
AFP Finance News -
Tuesday November 24, 2009, 9:06 pm
German firms see brighter future ahead: survey
BERLIN (AFP) - German business confidence surged in November, a closely-watched survey showed on Tuesday, fuelling hopes that Germany, Europe's economic powerhouse, could lead the continent out of...
AFP Finance News -
Tuesday November 24, 2009, 9:00 pm
Lloyds bank record rights issue set at hefty discount
LONDON (AFP) - Britain's partly-nationalised Lloyds Banking Group on Tuesday said it was offering shareholders new stock at a discount of almost 60 percent under the country's largest ever rights...
AFP Finance News -
Tuesday November 24, 2009, 8:36 pm
Oil prices power higher as dollar weakens
LONDON (AFP) - Oil prices rose sharply on Monday as a weaker dollar helped boost demand for commodities, analysts said.New York's main contract, light sweet crude for January delivery, advanced 1.86...
AFP Finance News -
Tuesday November 24, 2009, 7:53 am
Executives on trial in Airbus insider trading probe
PARIS (AFP) - The French markets watchdog heard claims Monday that 17 current and former EADS aerospace executives saved themselves millions by exploiting insider knowledge of problems with the A380...
AFP Finance News -
Tuesday November 24, 2009, 7:48 am
EU governments pull back from Opel subsidy war
BRUSSELS (AFP) - European governments pulled back on Monday from a subsidy war feared by EU commission officials as US auto maker General Motors prepares severe job cuts in Europe.GM is due to...
AFP Finance News -
Tuesday November 24, 2009, 7:24 am
