Updated Daily as the Market Closes.
Want the Financial News that Matters, but don't want all those emails that will clog your inbox, or don't want to go through the hassle of subscribing to this and that and giving away your email?
Just come read it all here. Updated News as the News comes in and the Markets Close
Thursday, May 21, 2009
In today's FT: S&P warns UK over high debt level, Citigroup looks t...
Britain might lose top-notch credit rating in the wake of the financial crisis, in a move that raises fears of possible downgrades for other big industrialised nations http://link.ft.com/r/73UJGG/NMN6C/3VIKN/Q58QU/6UOWT/QR/h
Citigroup is ramping up efforts to slash its huge technology costs, with the bank's management believing it can save significantly more than $1bn in 2009 by integrating hundreds of systems that have been separate for years http://link.ft.com/r/73UJGG/NMN6C/3VIKN/Q58QU/WEP0O/QR/h
Edward Liddy, the government-appointed chairman and chief executive of AIG, is to leave the stricken insurer after only eight months in a move that will allow the Obama administration to choose its own leaders for the troubled group http://link.ft.com/r/73UJGG/NMN6C/3VIKN/Q58QU/VI3OL/QR/h
The US dollar, stocks and bonds all fell as concerns that the US could face a credit rating downgrade combined with unease about Federal Reserve strategy to generate an across-the-board sell-off in US assets http://link.ft.com/r/73UJGG/NMN6C/3VIKN/Q58QU/P49TW/QR/h
Controlling costs is emerging as the Obama administration's top priority in health as it seeks a reform package that greatly expands coverage of the 47m uninsured Americans http://link.ft.com/r/73UJGG/NMN6C/3VIKN/Q58QU/3NGMT/QR/h
A group including such major investors as Blackstone, Carlyle, Centerbridge and WLRoss won an auction for BankUnited after the Florida lender – worth nearly $13bn by assets – was closed by federal regulators in the biggest US bank failure of 2009 http://link.ft.com/r/73UJGG/NMN6C/3VIKN/Q58QU/1RHZN/QR/h
Ford Motor cried foul over Germany's €1.5bn government-backed bridge financing for General Motors' Opel arm, warning that it could tilt the playing field in favour of its struggling US competitor http://link.ft.com/r/73UJGG/NMN6C/3VIKN/Q58QU/SKRGC/QR/h
China called on rich countries to cut greenhouse gas emissions 40 per cent by 2020 from 1990 levels and help pay for emission reduction schemes in poorer countries to fight climate change http://link.ft.com/r/73UJGG/NMN6C/3VIKN/Q58QU/2FB71/QR/h
President Barack Obama sought to overcome mounting congressional opposition to his plan to close the Guantánamo Bay detention camp as he said that the US might continue to detain indefinitely some suspected terrorists held there http://link.ft.com/r/73UJGG/NMN6C/3VIKN/Q58QU/M7IUD/QR/h
Chinalco will offer concessions to its proposed $19.5bn investment in Rio Tinto in an attempt to secure regulatory clearance from the Australian government and win the support of the miner's shareholders http://link.ft.com/r/73UJGG/NMN6C/3VIKN/Q58QU/AH2YN/QR/h
Eurozone prospects brightened this month with economic contraction slowing markedly, according to a survey that will boost hopes of the region's recession ending this year http://link.ft.com/r/73UJGG/NMN6C/3VIKN/Q58QU/VI3O8/QR/h
Egyptian construction magnate and parliamentarian Hesham Talaat Moustafa was sentenced to death in a Cairo court for the murder of Lebanese singer Suzanne Tamim in Dubai, court sources said http://link.ft.com/r/73UJGG/NMN6C/3VIKN/Q58QU/NME17/QR/h
Nigeria's military has launched its biggest offensive in the Niger Delta in years, hoping to deal a decisive blow against armed groups who have crippled much of Africa's biggest oil industry http://link.ft.com/r/73UJGG/NMN6C/3VIKN/Q58QU/9TVD1/QR/h
Gov. Arnold Schwarzenegger said he would scrap his plan to sell $6 billion in short-term debt to fund the state's massive budget deficit and seek deep spending cuts instead. http://link.ft.com/r/73UJGG/NMN6C/3VIKN/Q58QU/5P64R/QR/h
KKR could take advantage of the infrastructure stimulus plan but is less interested in buying banks or their troubled assets, co-founders Henry Kravis and George Roberts have told the Financial Times http://link.ft.com/r/73UJGG/NMN6C/3VIKN/Q58QU/NME18/QR/h
Microsoft cancelled oral hearings in Brussels at which it was due to defend itself against potential European sanctions over browsers, drawing an angry complaint from a rival that it was trying to duck a showdown with Google and other critics http://link.ft.com/r/73UJGG/NMN6C/3VIKN/Q58QU/5P640/QR/h
General Motors and the United Auto Workers union reached a deal that allows the embattled carmaker to contribute shares rather than cash to a new union-managed healthcare plan http://link.ft.com/r/73UJGG/NMN6C/3VIKN/Q58QU/2FB70/QR/h
Public anger stirred by newspaper revelations of British MPs' expenses claims dating back several years has seen MPs of all parties in full retreat before a modern day mob. The affair has been a salutary reminder of the manifest flaws of a smug institution, writes Philip Stephens http://link.ft.com/r/73UJGG/NMN6C/3VIKN/Q58QU/TDF86/QR/h
The European Central Bank should embrace collective leadership and tell the eurozone's people some sobering truths about the challenges they face – before it is too late, writes David Marsh http://link.ft.com/r/73UJGG/NMN6C/3VIKN/Q58QU/D87Q4/QR/h
Progressive austerity means defending the spending that helps the poor,and taking the opportunity presented by the crisis to build a fairer tax system, writes Richard Reeves http://link.ft.com/r/73UJGG/NMN6C/3VIKN/Q58QU/SKRGK/QR/h
The Financial Times Limited, registered in England and Wales number 227590. Registered office: Number One Southwark Bridge, London SE1 9HL. VAT number GB 278 5371 21.
No comments:
Post a Comment