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The Indian government has appointed a new board to run Satyam while police have widened their investigation to include other Raju family-controlled companies. Satyam shares were up 54 per cent at Rs36.55 after trading as much as 68 per cent higher |
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Wen Jiabao declared China's efforts to offset the effect of the global economic slowdown an 'initial success' as the economy performed 'better than expected' last month |
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Dearth of interest from institutional shareholders in the two banks' secondary placings leaves the Treasury to take up 99% of the unsuscribed new shares |
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Barack Obama expressed disappointment with the Bush administration's handling of the first $350bn tranche of the financial sector bail out and pledged greater support for struggling homeowners once he takes charge of it |
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Citigroup is to reap a much-needed capital gain of up to $6bn, as well as a cash payment of $2.7bn if it clinches a deal to spin off its brokerage unit into a joint venture controlled by Morgan Stanley |
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According to an unofficial count, coalition parties loyal to Abhisit Vejjajiva, Thailand's new prime minister, have secured 20 of 29 seats contested in key by-elections |
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Roughly half the estimated losses from Bernard Madoff's alleged $50bn "Ponzi" are being borne by non-US investors, underscoring the global scope of the carnage |
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A US investigation into potential violations of sanctions against Iran has expanded to involve nine European banks |
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Germany has agreed to take stakes in any large industrial companies facing insolvency because of credit shortages, according to leaders of Angela Merkel's party |
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Cairo is arguing for a border monitoring, system, which could include Turkish troops, to end weapons smuggling into Gaza, in an effort to stop the Israeli offensive |
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The Russian president took another apparent swipe at Mr Putin, the prime minister, criticising his government for moving too slowly on the country's economic crisis |
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Police are investigating fraud allegations against the chairman of one of Dubai's largest private real estate companies as dozens of aggrieved investors claim he defrauded them of more than $100m |
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Lloyds TSB, the UK bank, will pay $350m to settle US investigations after admitting that it helped Iranian and Sudanese clients access the US banking system in violation of US sanctions, prosecutors said |
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Robert Rubin said he would leave Citigroup after a controversial decade on its board as it emerged that the company was in talks to cede control of its Smith Barney brokerage unit to Morgan Stanley in return for about $2.5bn in cash |
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Toyota plans to launch as many as 10 new hybrid petrol-electric models within the next four years as it seeks to build on the popularity of its Prius hatchback |
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World's second largest car market had its worst year in a decade in 2008, with annual passenger car sales rising only 7.3%, according to the China Association of Automobile Manufacturers |
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George W. Bush bows out as US president in a final press conference. Regrets? There are a few. |
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South Africa is braced for more political upheaval after a court reinstated corruption charges against Jacob Zuma, leader of the ruling African National Congress |
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The deal is one of the biggest deals since credit crunch took hold, indicating that the market for big mergers remains open in spite of the global economic downturn |
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The worst may be over for China's housing market, says Jing Ulrich, chairman, China equities at JPMorgan |
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Russia will resume pumping gas through Ukraine from Tuesday morning ending a dispute that has seen gas supplies to Europe cut off for almost a week amid freezing temperatures |
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Bernard Madoff will remain free on bail, a federal magistrate judge ruled, as he denied prosecutors' request to jail him after he mailed more than $1m of jewelry to family and friends |
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Authorities struggle to agree on a proposal to help villages defend themselves against Taliban fighters. Many fear this will create a new generation of lawless militias |
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South Korean group faces losing downpayment if it fails to fund second payment |
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The Japanese carmaker will now buy its steel from Posco for some of its domestically produced cars |
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Indonesia admitted it had undertaken fewer than half of the reforms planned in the past four years for its maritime sector, after another ferry sank at the weekend |
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George W. Bush agreed to ask Congress to release the remaining $350bn of a US financial rescue package, meeting a request from Barack Obama as the president-elect's team sought to quell opposition to the plan |
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World Bank accused outsource group of 'providing improper benefits' |
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US stocks lost further ground as investors braced for what is set to be a bleak earnings season, due to kick off with results from Alcoa after the closing bell |
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Researchers have found a strong statistical link between the profitability of male traders at a London bank and the ratio of index to ring fingers on their right hand |
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Sliding raw material and capital project costs provide breather for companies hit by dropping commodity price |
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European rules on investment funds need an overhaul in the wake of the $50bn alleged fraud by Bernard Madoff to restore investor confidence, the French finance minister urged |
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The growing dangers for Europe's sharply slowing economies were highlighted as Spain became the third eurozone country to be warned over its finances in three days |
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Citigroup's deal to cede control of its brokerage unit to Morgan Stanley is set to result in a tax payment of about $5bn to the US government, the financial group's largest shareholder, in a sign of the political high stakes behind the transaction |
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Bangkok's security forces are torturing suspects in their campaign to suppress the long-running insurgency in the south of the country, says Amnesty International |
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Russian gas could begin flowing again to Europe as early as Tuesday morning, officials predicted, after Russia and Ukraine moved to contain their dispute |
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Search for much-needed underwriting funds among private investors |
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As Land of Leather became the latest retailer forced to enter administration, the British Retail Consortium said the value of sales fell 3.3 per cent on a like-for-like basis |
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In his final press conference, the US president said Pyongyang may have a secret programme to enrich uranium for use in nuclear weapons |
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Shares in Sony fell by 8% in Tokyo trading following local media reports that it will make a Y100bn operating loss in the year to March 2009 |
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Infosys Technologies beat market expectations with a one-third jump in quarterly profit but trimmed its annual forecast as clients a squeeze contracts and prices in a global downturn |
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Israel is extending its 18-day campaign into built-up areas of Gaza City after sending thousands of reserve soldiers into the Hamas-controlled territory and signalling a further escalation of its offensive against the Islamist group
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Standard & Poor's warns that New Zealand's rising current account deficit and mounting overseas debt could lead to a downgrade in the country's foreign currency credit rating |
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The government-controlled bank is hoping to raise as much as $2.6bn from the sale its 4.3 per cent stake in Bank of China after the market closes in Hong Kong |
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The New Zealand dollar plunged more than 3 per cent against both the Japanese Yen and the US dollar on Tuesday, after ratings agency Standard & Poor's warned it could downgrade the Kiwi's foreign currency debt rating |
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The risk of serious fiscal crises in developed countries has 'doubled if not tripled', threatening countries such as the US, UK, France, Italy, Spain and Australia, the World Economic Forum said |
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Mounting fears of more heavy losses in the financial sector and a downbeat start to fourth quarter earnings season with results from Alcoa were set to drag US stocks into their third consecutive sell-off. |
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Germany will amend its constitution to ban excessive public borrowing and set up a strict repayment schedule for the public deficit caused by its latest fiscal stimuli, chancellor Angela Merkel said |
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Hillary Clinton has set out her plans to adopt hard-headed multilateralist diplomacy, in which the US will work closely with Russia and China while seeking to strengthen existing alliances and international institutions |
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Citigroup is to break up its 10-year old "universal banking" business model by separating large parts of its troubled investment bank and US consumer finance businesses from its global commercial banking business in a dramatic attempt to ensure its survival |
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Ben Bernanke called for fresh efforts to clean up the US banking system, warning that fiscal stimulus measures alone would not be enough to overcome the economic crisis |
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Investment banking and money management likely to suffer as the UK bank cuts cost to cope with fallout from the credit crisis |
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Beijing is pushing its state media to create credible, appealing news for an international audience, in an attempt to spread a more favourable image of the country |
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The market pushed shares in the internet group down 2 per cent on reports that Carol Bartz will soon be filling the chief executive's chair. Yahoo would be making a safe but uninspired choice |
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Yahoo has chosen software veteran Carol Bartz as its new chief executive, an appointment viewed by Wall Street as safe but unspectacular. |
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Thailand's new finance minister has announced an interim stimulus package to 'stop the bleeding' in an economy hit by both the global economic crisis and domestic political turmoil |
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The world's largest democracy is expected to hold elections in April. The ruling Congress party fights to hold on to office against a challenge from the Bharatiya Janata party
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GoldenTree Asset Management, a credit hedge fund, is offering investors who want to withdraw money securities instead of cash, triggering protests from those who in many cases lack means to dispose of such instruments |
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Japan's Toshiba Corp is in talks to buy Fujitsu's hard-disk drive business in a deal reportedly worth $335m-$447m. |
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India's fraud-hit Satyam Computer Services named new auditors as the company battles for survival after unveiling the country's biggest corporate scandal |
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The Bank of Thailand cut its main interest rate by a bigger-than-expected 75 basis points to 2.00 per cent, the second hefty cut in two months to support the economy and ward off the risk of recession |
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Three rockets have been fired into northern Israel from Lebanon , the second such attack since the Jewish state launched its offensive against Gaza amid fears that a second front could open up as Israeli troops push deeper into the Palestinian strip |
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Mervyn Davies, chairman of Standard Chartered, is leaving the emerging markets bank after 15 years in order to become a trade minister in the British government |
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The list hedge fund said redemptions and deleveraging had led to a $14.3bn fall in funds under management in the final three months of last year |
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Germany's largest bank has revealed its first annual loss in five decades after a fourth quarter in which it lost €4.8bn |
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The chairman of Rio Tinto is preparing to announce his retirement from the board of the mining group to succeed Peter Sutherland, chairman of BP |
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China has overtaken Germany to become the world's third largest economy in 2007 after the Chinese authorities revised upwards the figures for growth during that year |
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The Canadian telecommunications equipment maker has filed for bankruptcy protection a day before $107m in interest payment was due |
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US retail sales plunged by 2.7 per cent in December, as American consumers have pulled back sharply on spending in spite of deep discounts through the heart of the holiday shopping season |
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China unveiled a wide-ranging plan including tax cuts and subsidies to boost its auto industry, one of the pillars of the world's third-largest economy |
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Jamie Dimon, JPMorgan Chase's chief executive, predicted the US economy and financial sector would worsen in 2009 as hard-hit consumers default on credit cards and other loans and unemployment continues to rise |
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Middle managers at Toyota Motor have a new plan to revive sales and morale at the flagging car company: between now and March, 2,200 will be exhorted to buy a new vehicle |
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Banks and retailers were among the biggest losers on Wall Street as another sharp sell-off pushed the market to its lowest level since the start of December |
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Steve Jobs said he was stepping down as Apple chief executive for six months after learning his health problems were more complex than he originally thought |
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Citigroup's Corporate Special Opportunities hedge fund is returning only 3 cents on the dollar to investors, underscoring the depths of the difficulties at the alternative investment unit once headed by the bank's current chief executive, Vikram Pandit. |
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The securities industry's regulator investigated 19 complaints about trading by Bernard Madoff's broker-dealer operation since 1999, but could not ask questions about the investment advisory business at the centre of his alleged $50bn fraud because it is not legally authorised to do so |
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Investors pulled close to a net $150bn from hedge funds last month in spite of moves by dozens of funds to halt or suspend redemptions |
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The Indian governmentis investigating Satyam share sales by lenders and mutual funds in the weeks before the then-chairman of the outsourcing company revealed he had been fixing its accounts |
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The US banking sector is being shaken by deepening concerns over Citigroup's financial health and the revelation that Bank of America is counting on a new multibillion-dollar capital injection from the government |
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As Egypt stepped up peace efforts, Europe halted plans to upgrade ties with Israel, in an international backlash against the Gaza assault that has left more than 1,000 Palestinians dead |
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Bleak economic data globally and a deepening banking crisis in the United States knocked Asian shares to a five-week low while safe-haven government bonds benefited from renewed market jitters |
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Lee Ku-taek, the chief executive of South Korean steelmaker Posco has offered to resign at a board meeting ahead of its quarterly results |
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President Barack Obama signalled a decisive break with the Bush years, vowing a "new era of responsibility" in which he would rebuild the economy and restore America's standing in the world |
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Singapore's economy shrank more than expected in the fourth quarter, prompting the government to declare the nation was in its worst ever recession and fanning expectations that the central bank will let its currency weaken |
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The world's biggest mining group,underlined the pain being felt by the industry when it said its would axe 6,000 employees and close a nickel mine in Western Australia |
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Sir Howard Stringer, chief executive of Sony electronics group, is facing resistance over plans to restructure the company and cut 16,000 jobs |
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Continued signs of trouble in the financial sector and worrisome economic data sent Asian shares to their lowest in more than six weeks, bolstering the dollar and other assets that shine in uncertain times |
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Warner Brothers Entertainment, the Hollywood studio behind The Dark Knight, the biggest grossing movie of 2008, is to shed 10 per cent of all employees as the recession starts to bite in Hollywood |
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The technology group registered an unexpectedly strong bounce in fourth-quarter earnings from relative strength in the US and continued higher growth in some emerging markets |
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United Nations secretary-general Ban Ki-moon said he was promoting the idea of a third party – perhaps the European Union or Turkey – to police the border crossing |
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Google's efforts to export its advertising success to the newspaper industry have ended in failure with the closure of its Google Print Ads service |
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Funding difficulties for UK companies are being made worse by a sharp reduction in lending to British banks by overseas institutions |
|
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|
Beijing greeted the inauguration of Barack Obama as US president with an appeal for better bilateral military relations, signalling its hopes of fully restoring military dialogue partly suspended last year over US arms sales to Taiwan |
|
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|
The Japanese carmaker formally named Akio Toyoda, the 52-year-old grandson of its founder, as its next president and chief executive, replacing Katsuaki Watanabe at a time of severe crisis for the global car industry |
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More spectacular declines in US bank shares pushed the financial sector to its lowest level since 1995 during what was easily Wall Street's worst ever inauguration day sell-of |
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Carmakers confirms signing of a 'non-binding term sheet to establish a global strategic alliance' that would see Turin-based Fiat acquire the stake in Chrysler in exchange for production and distribution assets. |
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Two of China's senior economic police officers have been arrested on charges that they took bribes while investigating alleged stock market manipulation by Huang Guangyu, one of China's richest men |
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The world's largest telecoms equipment manufacturer is shedding another 5,000 jobs despite reporting better than expected results for the fourth quarter of the year |
|
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London equities continued to fall with banking stocks under yet more pressure as fears about the health of the sector spread around the world. Barclays and Lloyds notched up further double-digit falls |
|
|
|
The French bank said it expected a full-year net profit of around €2bn but warned of more trading losses |
|
|
|
Asia-Pacific equities suffered more gloom as investors continued to sell financial stocks with clouds gathering over corporate earnings |
|
|
|
President Barack Obama signalled a decisive break with the Bush years, vowing a "new era of responsibility" in which he would rebuild the economy and restore America's standing in the world |
|
|
|
Singapore's economy shrank more than expected in the fourth quarter, prompting the government to declare the nation was in its worst ever recession and fanning expectations that the central bank will let its currency weaken |
|
|
|
The world's largest telecoms equipment manufacturer is shedding another 5,000 jobs despite reporting better than expected results for the fourth quarter of the year |
|
|
|
Sir Howard Stringer, chief executive of Sony electronics group, is facing resistance over plans to restructure the company and cut 16,000 jobs |
|
|
|
United Nations secretary-general Ban Ki-moon said he was promoting the idea of a third party – perhaps the European Union or Turkey – to police the border crossing |
|
|
|
London equities continued to fall with banking stocks under yet more pressure as fears about the health of the sector spread around the world. Barclays and Lloyds notched up further double-digit falls |
|
|
|
The French bank said it expected a full-year net profit of around €2bn but warned of more trading losses |
|
|
|
The technology group registered an unexpectedly strong bounce in fourth-quarter earnings from relative strength in the US and continued higher growth in some emerging markets |
|
|
|
The world's biggest mining group,underlined the pain being felt by the industry when it said its would axe 6,000 employees and close a nickel mine in Western Australia |
|
|
|
Google's efforts to export its advertising success to the newspaper industry have ended in failure with the closure of its Google Print Ads service |
|
|
|
Funding difficulties for UK companies are being made worse by a sharp reduction in lending to British banks by overseas institutions |
|
|
|
Beijing greeted the inauguration of Barack Obama as US president with an appeal for better bilateral military relations, signalling its hopes of fully restoring military dialogue partly suspended last year over US arms sales to Taiwan |
|
|
|
The Japanese carmaker formally named Akio Toyoda, the 52-year-old grandson of its founder, as its next president and chief executive, replacing Katsuaki Watanabe at a time of severe crisis for the global car industry |
|
|
|
More spectacular declines in US bank shares pushed the financial sector to its lowest level since 1995 during what was easily Wall Street's worst ever inauguration day sell-of |
|
|
|
Asia-Pacific equities suffered more gloom as investors continued to sell financial stocks with clouds gathering over corporate earnings |
|
|
|
President Barack Obama signalled a decisive break with the Bush years, vowing a "new era of responsibility" in which he would rebuild the economy and restore America's standing in the world |
|
|
|
Singapore's economy shrank more than expected in the fourth quarter, prompting the government to declare the nation was in its worst ever recession and fanning expectations that the central bank will let its currency weaken |
|
|
|
The world's largest telecoms equipment manufacturer is shedding another 5,000 jobs despite reporting better than expected results for the fourth quarter of the year |
|
|
|
Sir Howard Stringer, chief executive of Sony electronics group, is facing resistance over plans to restructure the company and cut 16,000 jobs |
|
|
|
United Nations secretary-general Ban Ki-moon said he was promoting the idea of a third party – perhaps the European Union or Turkey – to police the border crossing |
|
|
|
London equities continued to fall with banking stocks under yet more pressure as fears about the health of the sector spread around the world. Barclays and Lloyds notched up further double-digit falls |
|
|
|
The French bank said it expected a full-year net profit of around €2bn but warned of more trading losses |
|
|
|
The technology group registered an unexpectedly strong bounce in fourth-quarter earnings from relative strength in the US and continued higher growth in some emerging markets |
|
|
|
The world's biggest mining group,underlined the pain being felt by the industry when it said its would axe 6,000 employees and close a nickel mine in Western Australia |
|
|
|
Google's efforts to export its advertising success to the newspaper industry have ended in failure with the closure of its Google Print Ads service |
|
|
|
Funding difficulties for UK companies are being made worse by a sharp reduction in lending to British banks by overseas institutions |
|
|
|
Beijing greeted the inauguration of Barack Obama as US president with an appeal for better bilateral military relations, signalling its hopes of fully restoring military dialogue partly suspended last year over US arms sales to Taiwan |
|
|
|
The Japanese carmaker formally named Akio Toyoda, the 52-year-old grandson of its founder, as its next president and chief executive, replacing Katsuaki Watanabe at a time of severe crisis for the global car industry |
|
|
|
More spectacular declines in US bank shares pushed the financial sector to its lowest level since 1995 during what was easily Wall Street's worst ever inauguration day sell-of |
|
|
|
Asia-Pacific equities suffered more gloom as investors continued to sell financial stocks with clouds gathering over corporate earnings |
|
|
|
President Barack Obama signalled a decisive break with the Bush years, vowing a "new era of responsibility" in which he would rebuild the economy and restore America's standing in the world |
|
|
|
Singapore's economy shrank more than expected in the fourth quarter, prompting the government to declare the nation was in its worst ever recession and fanning expectations that the central bank will let its currency weaken |
|
|
|
The world's largest telecoms equipment manufacturer is shedding another 5,000 jobs despite reporting better than expected results for the fourth quarter of the year |
|
|
|
Sir Howard Stringer, chief executive of Sony electronics group, is facing resistance over plans to restructure the company and cut 16,000 jobs |
|
|
|
United Nations secretary-general Ban Ki-moon said he was promoting the idea of a third party – perhaps the European Union or Turkey – to police the border crossing |
|
|
|
London equities continued to fall with banking stocks under yet more pressure as fears about the health of the sector spread around the world. Barclays and Lloyds notched up further double-digit falls |
|
|
|
The French bank said it expected a full-year net profit of around €2bn but warned of more trading losses |
|
|
|
The technology group registered an unexpectedly strong bounce in fourth-quarter earnings from relative strength in the US and continued higher growth in some emerging markets |
|
|
|
The world's biggest mining group,underlined the pain being felt by the industry when it said its would axe 6,000 employees and close a nickel mine in Western Australia |
|
|
|
Google's efforts to export its advertising success to the newspaper industry have ended in failure with the closure of its Google Print Ads service |
|
|
|
Funding difficulties for UK companies are being made worse by a sharp reduction in lending to British banks by overseas institutions |
|
|
|
Beijing greeted the inauguration of Barack Obama as US president with an appeal for better bilateral military relations, signalling its hopes of fully restoring military dialogue partly suspended last year over US arms sales to Taiwan |
|
|
|
The Japanese carmaker formally named Akio Toyoda, the 52-year-old grandson of its founder, as its next president and chief executive, replacing Katsuaki Watanabe at a time of severe crisis for the global car industry |
|
|
|
More spectacular declines in US bank shares pushed the financial sector to its lowest level since 1995 during what was easily Wall Street's worst ever inauguration day sell-of |
|
|
|
Asia-Pacific equities suffered more gloom as investors continued to sell financial stocks with clouds gathering over corporate earnings |
|
|
|
Hours after taking office, US President Barack Obama ordered military prosecutors in the Guantanamo war crimes tribunals to ask for a 120-day halt in all pending cases |
|
|
|
Singapore's economy shrank more than expected in the fourth quarter, prompting the government to declare the nation was in its worst ever recession and fanning expectations that the central bank will let its currency weaken |
|
|
|
The world's largest telecoms equipment manufacturer is shedding another 5,000 jobs despite reporting better than expected results for the fourth quarter of the year |
|
|
|
Sir Howard Stringer, chief executive of Sony electronics group, is facing resistance over plans to restructure the company and cut 16,000 jobs |
