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USA UK and Malta News
22/09/2008 - 19:39

UK Today Editoweb 22 septembre 2008

Dollar falls sharply on concerns over US bank rescue plan - Oil prices surge five dollars on demand hopes - Doubts about US bailout weigh on US, European stocks.



Dollar falls sharply on concerns over US bank rescue plan

The dollar fell sharply on Monday as concerns grew that Washington's 700-billion-dollar rescue plan to take over the mountain of bad debt at US banks will further burden US finances.

Oil prices surge five dollars on demand hopes

Oil prices spiked close to 110 dollars on Monday, as investors reacted to US moves to help stabilise rocky financial markets that could also encourage energy demand, dealers said.

Doubts about US bailout weigh on US, European stocks

US and European equity markets fell hard Monday as doubts mounted about the effectiveness of a much-vaunted US rescue package that US lawmakers are about to debate.

Alitalia's days numbered as offers sought

Alitalia will lose its operating licence if a special administrator making a last-ditch attempt to sell the airline does not give Italy's aviation authority a credible new offer or cost-cutting plan by Thursday.

News from Yahoo News

V.N/ source web










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