Prospect of exchange-rate crisis looms
Fri, 29 Aug 2008 22:32 BST
Eastern European countries face a growing risk of an exchange-rate crisis as tensions between Russia and the west hit economies struggling to contain inflation and deal with slowing export growth
Overview: US growth figures ease pressure on equities
Fri, 29 Aug 2008 22:07 BST
Fresh signs of the resilience of the US economy offered support to global equity markets and the dollar this week, offsetting a rally for oil prices
Economic data weigh on Wall St stocks
Fri, 29 Aug 2008 22:04 BST
US stocks fell, ending the week mixed, as investors continued to worry about the embattled financial sector and the health of the wider economy, in spite of some encouraging earnings news
Sterling falls as recession fears grow
Fri, 29 Aug 2008 22:03 BST
The pound has suffered its worst month against the dollar since sterling's ejection in 1992 from the European Exchange Rate Mechanism – a development certain to have knock-on effects for the UK economy
Energy traders seek cover as Gustav nears
Fri, 29 Aug 2008 21:00 BST
Concerns that a powerful tropical storm could affect oil and gas production in the Gulf of Mexico ensured upward pressure on energy prices throughout this week
LSE spurs FTSE on to two-month high
Fri, 29 Aug 2008 20:50 BST
London Stock Exchange was among the top performers as the London market moved higher for a third straight session
Fannie and Freddie doubts grow
Fri, 29 Aug 2008 20:10 BST
Shares in Fannie Mae and Freddie Mac fell amid concerns foreign investors were reassessing their exposure to the troubled US mortgage financiers' bonds and guaranteed securities
US economic data help Europe close higher
Fri, 29 Aug 2008 19:53 BST
European stocks climbed into positive territory this week as strong economic data from the US gave succour to ailing financial stocks
Japan in emergency bid to aid economy
Fri, 29 Aug 2008 19:19 BST
Measures including tax cuts and fuel subsidies were unveiled by the government in a Y11,500bn stimulus package amid warnings from economists that the country was now in a period of 'stagflation' or even recession
Economic headwinds hit pound
Fri, 29 Aug 2008 18:42 BST
The pound continued its recent slide this week as evidence mounted that the UK economy was headed for recession
Eurozone inflation shows signs of easing
Fri, 29 Aug 2008 12:28 BST
Eurozone inflation eased more than expected in August - to 3.8% from 4% in July - but a new survey on economic sentiment slumped to its lowest level in more than five years
Asia stocks boosted by US growth figures
Fri, 29 Aug 2008 11:11 BST
Asia stocks rallied on Friday, led by industrial companies and exporters, after a big upward revision to second quarter US economic growth
Bank of China flees Fannie-Freddie
Thu, 28 Aug 2008 23:33 BST
Bank of China has cut its portfolio of securities issued or guaranteed by troubled US mortgage financiers Fannie Mae and Freddie Mac by a quarter since the end of June
Hong Kong leads Asian markets lower
Thu, 28 Aug 2008 10:40 BST
Asia-Pacific equity markets were mixed as higher oil prices helped resource company names while disappointing earnings weighed on Hong Kong-listed shares
Fannie Mae shakes up top ranks
Thu, 28 Aug 2008 00:27 BST
Fannie Mae, the US government-sponsored mortgage financier, unveiled a management restructuring that put new executives in charge of its plan to improve capital management and cut credit losses
