German mortgage bank near bankruptcy: report
Germany's Hypo Real Estate, a mortgage bank, is on the brink of bankruptcy, the daily Financial Times Deutschland reported in an advance copy of its Monday edition.
US lawmakers agree draft of bailout deal, ready for vote
US lawmakers Sunday agreed on the details of an unprecedented Wall Street bailout and sent the proposal to the full Congress for approval, a key negotiator told reporters.
With fate in balance, Fortis faces bailout or takeover
The Benelux nations prepared on Sunday for a three-country bailout of Fortis if a foreign suitor failed to ride to the rescue of the troubled financial services group, an official said.
Benelux countries prepared to help Fortis: minister
Belgium, The Netherlands and Luxembourg are prepared to help Fortis by taking a stake in the group if necessary, Luxembourg Budget Minister Luc Frieden said Sunday.
Financial crisis, recession fears hurt demand for base metals
At the London Metal Exchange, the last remaining 'open out-cry' market in Europe, traders shout and gesticulate as normal, but fears of recession has diminished their appetite for risk, dampening prices.
US Congress passes 25 bln loan guarantees to automakers
The US Senate Saturday approved 25 billion dollars in loan guarantees for the financially strapped US auto industry, intended to spark a wave of automotive innovation.
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Germany's Hypo Real Estate, a mortgage bank, is on the brink of bankruptcy, the daily Financial Times Deutschland reported in an advance copy of its Monday edition.
US lawmakers agree draft of bailout deal, ready for vote
US lawmakers Sunday agreed on the details of an unprecedented Wall Street bailout and sent the proposal to the full Congress for approval, a key negotiator told reporters.
With fate in balance, Fortis faces bailout or takeover
The Benelux nations prepared on Sunday for a three-country bailout of Fortis if a foreign suitor failed to ride to the rescue of the troubled financial services group, an official said.
Benelux countries prepared to help Fortis: minister
Belgium, The Netherlands and Luxembourg are prepared to help Fortis by taking a stake in the group if necessary, Luxembourg Budget Minister Luc Frieden said Sunday.
Financial crisis, recession fears hurt demand for base metals
At the London Metal Exchange, the last remaining 'open out-cry' market in Europe, traders shout and gesticulate as normal, but fears of recession has diminished their appetite for risk, dampening prices.
US Congress passes 25 bln loan guarantees to automakers
The US Senate Saturday approved 25 billion dollars in loan guarantees for the financially strapped US auto industry, intended to spark a wave of automotive innovation.
News from Yahoo News
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