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USA UK and Malta News
21/09/2008 - 20:58

UK Today Editoweb 21 septembre 2008

Diana snapper ordered to pay damages - Paper reports Yell in debt restructuring talks - Paulson says foreign banks can use U.S. rescue plan.



Diana snapper ordered to pay damages

A celebrity photographer who took pictures of Diana, Princess of Wales, on a yacht has been ordered to pay Mohamed Al Fayed damages.

Paper reports Yell in debt restructuring talks

Directories group Yell has begun talks to restructure its 3.7 billion pound debt, the Sunday Times reported without citing sources.

Paulson says foreign banks can use U.S. rescue plan

Treasury Secretary Henry Paulson said Sunday that foreign banks will be able to unload bad financial assets under a $700 billion (382 billion pound) U.S. proposal aimed at restoring order during a devastating financial crisis.

Alitalia to seek new public offers: report

Alitalia will call for public offers to buy the near-bankrupt Italian national airline this week, after Italian investors withdrew a takeover bid rejected by some unions, Italian media reported Sunday.

FSA said to face legal action over short-selling ban

The Financial Services Authority faces legal action from a group of leading hedge funds over the ban on short-selling financial shares it imposed on Thursday, the Sunday Telegraph and the Mail on Sunday reported.

US to 'press' countries to forge financial bailouts: Paulson

The United States is pressing other countries to forge bailouts for their financial institutions similar to the unprecedented 700-billion-dollar rescue it is planning for Wall Street, US Treasury Secretary Henry Paulson said Sunday.

News fro Yahoo News

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