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Milan shares close lower as recession fears weigh, led by Tenaris ... - Forbes
MILAN (Thomson Financial) - Share prices closed lower in volatile trading, depressed by worries over the economic outlook for 2009 and fears of recession, and led by oil service stock Tenaris on the oil price trend, brokers said. The Mibtel index was ...

BNP Paribas and Crédit Agricole deny they need emergency state ... - Times Online
Two of France's leading banks were forced to deny that they needed emergency funding yesterday as the Government expanded the terms of its €360 billion (£282billion) rescue plan. After sharp falls in their share prices, BNP Paribas and Crédit ...

McCain Puts New Tax Cuts on the Table - Wall Street Journal
BLUE BELL, Pa. -- Sen. John McCain expanded his response to the financial crisis by proposing new tax cuts for investors, including a sharp, temporary reduction of the capital-gains tax and breaks aimed at older Americans who may need to cash in ...

Long-dreaded surge -- in bankruptcies -- is upon us - Seattle Post Intelligencer
The Sharper Image store on Manhattan's West 57th Street is sharp no more: Its last state-of-the-art massage chairs and stylish humidifiers have been put in storage and its windows papered over. A few doors away, the assistant in the Sharper Image ...

Central banks cut rates, but markets stay fearful - Boston Globe
NEW YORK/WASHINGTON (Reuters) - Central banks around the world cut interest rates in unison on Wednesday in an unprecedented move that failed to boost battered stocks, thaw credit markets or cushion forecasts for a sharp slowdown. U.S. stocks closed ...

TOPWRAP 13-Central banks cut rates, but markets stay fearful - Forbes
NEW YORK/WASHINGTON, (Reuters) - Central banks around the world cut interest rates in unison Wednesday in an unprecedented move that failed to boost battered stocks, thaw credit markets or cushion forecasts for a sharp slowdown. U.S. stocks closed ...

Tosca sells Taylor Wimpey stake - Financial Times
Toscafund Asset Management, the London hedge fund planning a restructuring after big losses this year, has sold its 10 per cent stake in Taylor Wimpey , the country’s biggest housebuilder. Tosca, run by Tiger Management alumnus Martin Hughes, sold ...

South Korean banks are vulnerable, analysts say - International Herald Tribune
SEOUL : As the global financial crisis picks off victims among U.S. and European financial institutions, analysts fear that South Korean banks could be the next casualties. The concerns have come as something of a shock to ordinary South Koreans, who ...

London feels Russian oligarchs' losses - RIA Novosti
LONDON, October 11 (RIA Novosti) - London may get a sharp taste of Russia's financial crisis as the country's billionaires see their paper wealth tumble along with Russian stock markets, The Times newspaper reported Saturday. London has become a ...

Candidates trade blame, tout economic solutions at debate - Houston Chronicle
Sens. John McCain and Barack Obama debated for 90 minutes on Tuesday night before a nation in economic crisis, each promising anxious Americans that he had the better plan and vision to lead the country through what both men said was the most dire ...

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