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USA UK and Malta News
29/09/2008 - 19:58

UK Today Editoweb 29 septembre 2008

Markets slide before crucial US bailout vote - BSkyB loses ITV stake appeal - Oil prices slide on demand fears.



Markets slide before crucial US bailout vote

Global stock markets plunged Monday as a series of US and European bank failures rattled investor hopes that the financial crisis can be contained by a massive US bailout plan.

BSkyB loses ITV stake appeal

BSkyB lost its appeal to keep hold of its 17.9 percent stake in free-to-air broadcaster ITV on Monday, the Competition Appeal Tribunal ruled.

Oil prices slide on demand fears

Oil prices sank below 100 dollars Monday on worries about long-term global energy demand, as traders feared that the tentative US bailout deal would fail to boost slowing global economic growth.

Forced Wachovia takeover as Congress looks at 700 billion dollar rescue

Citigroup took over Wachovia bank in the latest forced marriage of the global financial crisis as Congress began debating a 700 billion-dollar bailout plan and European banks were shaken by the debt turmoil.

Fortis admits strategic errors, after Benelux bailout

Troubled financial group Fortis admitted on Monday that past errors had triggered the crisis that required the Benelux nations to hammer out a 11.2-billion-euro bailout over the weekend.

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