 | All times are London time: Wednesday Dec 31 2008
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 Financial Times - UK Homepage
Credit Suisse to get Aberdeen stake
Dec 30 2008 23:43
Credit Suisse is poised to own 25 per cent of Aberdeen Asset Management after the Swiss bank agreed to sell the UK manager its traditional fund management business in a share-based deal worth about £200m Read more »
Footsie suffers worst year
Dec 30 2008 21:53
London's leading stocks are on course for their worst annual falls in at least 23 years, while in Asia some markets ended the year by notching up their worst performance since records began Read more »
New Year honours short on bankers
Dec 31 2008 00:02
Previous years have often seen numerous awards go to bankers and fund managers in recognition of the City's role as the hub of the UK economy. But this is not the case in the first honours since the shake-out in the global banking system Read more »
Financial Times - US homepage
US stocks cap dismal year
Dec 30 2008 21:46
Stocks in the US are on course for their worst annual falls since the Great Depression when trading closes today, while in Asia some markets ended the year by notching up their worst performance since records began Read more »
Israel ready to maintain offensive
Dec 30 2008 23:37
Israel said its military was ready for 'long weeks of action' amid mounting diplomatic pressure and rising Arab anger over the country's four-day bombardment of the Hamas-controlled Gaza Strip Read more »
US lacked the tools to tackle crisis
Dec 30 2008 23:35
The US government has had to battle the financial crisis without all the tools it required to do so effectively, Hank Paulson, the outgoing US Treasury Secretary has told the Financial Times. Read more »
Financial Times - Europe homepage
Europe caps a dismal year
Dec 30 2008 21:29
Stocks in Europe are on course to mark their worst annual falls in more than 20 years, while in Asia some markets ended the year by notching up their worst performance since records began Read more »
Israel ready to maintain offensive
Dec 30 2008 23:37
Israel said its military was ready for 'long weeks of action' amid mounting diplomatic pressure and rising Arab anger over the country's four-day bombardment of the Hamas-controlled Gaza Strip Read more »
Vienna poised to take control of Bank Medici
Dec 30 2008 23:35
The Austrian government is preparing to take management control of Bank Medici after it revealed clients had lost money in funds it ran which invested with disgraced New York financier Bernard Madoff Read more »
Financial Times - Asia homepage
Asia stock markets hit by 40% losses
Dec 30 2008 19:21
Stocks in Japan and South Korea ended the last trading day of the year yesterday by notching up annual falls of more than 40 per cent, their worst yearly result since records began Read more »
US lacked the tools to tackle crisis
Dec 30 2008 23:35
The US government has had to battle the financial crisis without all the tools it required to do so effectively, Hank Paulson, the outgoing US Treasury Secretary has told the Financial Times. Read more »
S. Korea rate policy to focus on economic growth
Dec 31 2008 04:14
The head of South Korea's central bank has pledged to focus its interest rate policy on lifting the local economy and stabilising financial markets in 2009 in the face of a deepening global recession Read more »
FT.com - World
US consumer confidence falls to all-time low
Dec 30 2008 17:47
US consumer confidence fell to a record low in December in the face of the continuing economic downturn and rising job losses. Read more »
Eurozone lending stagnates as banks get tough
Dec 30 2008 23:38
Continued slowdown of lending growth leads some economists to predict the ECB will cut its main rate by 50 basis points to 2 per cent when governors next meet on January 15 Read more »
Israel ready to maintain offensive
Dec 30 2008 23:37
Israel said its military was ready for 'long weeks of action' amid mounting diplomatic pressure and rising Arab anger over the country's four-day bombardment of the Hamas-controlled Gaza Strip Read more »
Crisis wipes £65bn from pensions
Dec 31 2008 00:11
The average pension scheme of FTSE 100 companies saw the value of its assets crash by 17 per cent in 2008, according to a study from Deloitte, the consulting firm Read more »
New Year honours short on bankers
Dec 31 2008 00:02
Previous years have often seen numerous awards go to bankers and fund managers in recognition of the City's role as the hub of the UK economy. But this is not the case in the first honours since the shake-out in the global banking system Read more »
FT.com - Companies
Credit Suisse to get Aberdeen stake
Dec 30 2008 23:43
Credit Suisse is poised to own 25 per cent of Aberdeen Asset Management after the Swiss bank agreed to sell the UK manager its traditional fund management business in a share-based deal worth about £200m Read more »
Vienna poised to take control of Bank Medici
Dec 30 2008 23:35
The Austrian government is preparing to take management control of Bank Medici after it revealed clients had lost money in funds it ran which invested with disgraced New York financier Bernard Madoff Read more »
Money flows out of hedge funds at record rate
Dec 30 2008 23:35
Investors pulled a net $32bn from hedge funds last month, making 2008 the first year in recorded history that the funds have had significant outflows and ending the industry's 18 years of asset growth Read more »
KKR arm breaches $1 NYSE stock rule
Dec 31 2008 00:02
The listed debt arm of private equity firm KKR, was told that it had fallen below the required standard for shares prices Read more »
AIG seeks easing of rules on disposals
Dec 30 2008 23:35
AIG, the insurer bailed out by the US government, is prepared to ask the Federal Reserve to relax rules on its $60bn-plus disposals programme to allow bidders to use a greater proportion of shares to pay for its assets Read more »
FT.com - Financial Markets News
Overview: Modest rally tempered by long-term concerns
Dec 30 2008 19:03
Global equities enjoyed a moderate end-of-year rally but the mood was tempered by persistent concerns about the outlook for the global economy Read more »
Asia stock markets hit by 40% losses
Dec 30 2008 19:21
Stocks in Japan and South Korea ended the last trading day of the year yesterday by notching up annual falls of more than 40 per cent, their worst yearly result since records began Read more »
Wall Street boosted by GMAC bailout
Dec 30 2008 21:44
A fresh bail-out for General Motors helped give Wall Street stocks a boost towards the end of what is set to be their worst year since the Depression Read more »
End-of-year rally continues for FTSE
Dec 30 2008 20:08
The retail sector saw respite as London markets drifted higher on the last full trading day of the year Read more »
Euro rises as investors shun dollar and pound
Dec 30 2008 19:25
The euro made headway against both the dollar and the pound after selling off in late trade during the previous volatile session Read more »
FT.com - Comment and analysis
Recession, recovery, trade war and artificial life – welcome to 2009
Dec 30 2008 19:58
What does the year ahead have in store? Financial Times writers predict the events and issues in politics, business, economics and world affairs that will shape 2009 Read more »
FT.com - Business Life
Prisons specialist steps out
Dec 30 2008 20:02
A software provider to the Belfast security industry has been unlocking its potential after years of shunning publicity Read more »
Turbulent times – patent opportunities
Dec 30 2008 20:17
Ocean Tomo's success highlights the complex market for innovation functioning under the constraints of the credit crisis Read more »
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