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USA UK and Malta News
03/10/2008 - 19:16

UK Today Editoweb 3 october 2008

Hopes rise for bailout bill as House vote looms - Sarkozy to meet IMF chief ahead of finance summit - FTSE rises 2.3 percent as banks lead on bailout hopes.



Hopes rise for bailout bill as House vote looms

A 700-billion-dollar Wall Street bailout moved closer to approval in the House of Representatives on Friday, as several lawmakers said they would drop their opposition to the sweetened crisis bill.

Sarkozy to meet IMF chief ahead of finance summit

French President Nicolas Sarkozy will host talks with International Monetary Fund chief Dominique Strauss-Kahn Saturday ahead of a European mini-summit on the financial crisis, his office said.

FTSE rises 2.3 percent as banks lead on bailout hopes

The FTSE 100 ended up 2.3 percent on Friday, led by banks on hopes that the U.S. House of Representatives will give the green light to a $700 billion (396 billion pound) financial sector rescue package.

Charities Urge: Give More, Not Less

Donations to charities in the UK are falling just when people need their help the most.

US, European stocks head higher on US vote hopes

US stocks rallied, taking European markets sharply higher Friday as hopes the US Congress will pass a multi-billion-dollar bank rescue package offset a much weaker-than-expected US employment report.

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