Wednesday, October 08, 2008

D.R

Tuesday 07 October 2008

Spain raises savings guarantee to 100,000 euros

As European governments look to raise bank deposit guarantees, Spain has announced it will increase its own to 100,000 euros per individual and set up a 30-billion-euro fund for banks to raise money by selling assets.
  • FINANCIAL CRISIS
    Spain raises savings guarantee to 100,000 euros
    As European governments look to raise bank deposit guarantees, Spain has announced it will increase its own to 100,000 euros per individual and set up a 30-billion-euro fund for banks to raise money by selling assets.
  • FINANCIAL CRISIS
    The party is over for Iceland
    The Icelandic government has been granted control over national banks as the island's famously liberal banking sector tottered on the edge, raising the grim spectre of national bankruptcy.
  • FINANCIAL CRISIS
    EU steps up support for embattled banks
    European finance ministers have agreed to coordinate their response to the financial crisis, French Finance Minister Christine Lagarde said. The ECB made €37 billion available to banks on Tuesday but they requested double that amount.
  • MARKETS
    European stocks dip lower
    European stocks closed lower on Tuesday amid mounting concerns about the health of the financial sector. British financial groups Royal Bank of Scotland and HBOS lost almost 40% of their share value.
  • BANKING CRISIS
    Dehaene to be new chief of French-Belgian bank Dexia
    The Belgian government has announced that Jean-Luc Dehaene will be the new president of embattled French-Belgian bank Dexia, following Belgian Prime Minister Yves Leterme's statement that he was committed to saving the bank.
  • JUSTICE
    French prosecutors seek trial for Villepin over smears against Sarkozy
    The former French prime minister has been under investigation since July 2007 over the so-called Clearstream affair, a suspected conspiracy to slander Nicolas Sarkozy during the race to succeed President Jacques Chirac.
  • RUSSIA
    Supporters of slain Russian journalist mourn Anna Politkovskaya
    More than 200 people gathered in heavy rain in Moscow to mourn the journalist Anna Politkovskaya, an outspoken critic of the Kremlin gunned down outside her apartment a year ago. They demanded that her killers be brought to justice.
  • NOBEL PRIZE
    French, German scientists share Nobel prize for medicine
    France's Francoise Barre-Sinoussi and Luc Montagnier (pictured) won the 2008 Nobel prize for their discovery of the HIV virus, sharing it with a German scientist for his groundbreaking research into cervical cancer.
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