World stocks soar on US mortgage bailout
European and Asian stock markets surged Monday after the US government grabbed control of ailing mortgage giants Fannie Mae and Freddie Mac, easing fears of a world financial crisis, dealers said.
Click here to read the rest of this article.
Add to:
del.cio.us,
Digg,
Yahoo!,
Google
Other articles in the Business news section
- UK owners grumble as miss out on Santander... 55 minutes ago
Santander shocked investors on Thursday by excluding private UK shareholders from its 7 billion euro (5.9 billion pounds) rights issue. ...more
- Oil prices drop below $50 dollars... 1 hours ago
Oil prices sank under 50 dollars a barrel in London on Thursday, reaching the lowest levels for three and a half years, as the market was plagued by weak energy demand. ...more
- Rolls-Royce plans up to 2,000 job cuts... 1 hours ago
Rolls-Royce, the aircraft engine-maker, said Thursday it anticipated cutting between 1,500 and 2,000 jobs worldwide in 2009, or up to five percent of its global workforce. ...more
- Oil prices drop below $50, hit 3... 1 hours ago
Oil prices sank under 50 dollars a barrel in London on Thursday, reaching the lowest levels for three and a half years, as the market was plagued by weak energy demand. ...more
- Public finances weaken ahead of pre-... 2 hours ago
Public finances posted their first October deficit in 14 years, data showed on Thursday, just days before Chancellor Alistair Darling is expected to unveil costly measures to boost the economy. ...more
- Chrysler wants to revive merger talks... 2 hours ago
Chrysler hopes to reboot merger talks with General Motors if Congress approves a 25-billion-dollar bailout for ailing US automakers, the Financial Times reported Thursday. ...more