The UK Treasury has intervened in the UK subsidiary of Kaupthing Singer & Friedlander, Iceland's biggest bank.
Economies: Iceland nationalises another bank
The government of Iceland has stepped in to take over another bank.
Economies: UK Treasury statement on bank support
The UK Treasury statement on financial support for the banking sector, released at 08:00 GMT today.
Economies:Indonesia market suspended amidst sharp falls
As the blood-letting across the world's stock markets continued, Indonesia saw a 10% fall in a matter of hours and has closed pending stabilisation. But it's not the only market with similar percentage drops.
Economies: Socialism's big day
Britain's Left, led by Gordon Brown who, with Tony Blair has presided over a stealthy but steady move towards both socialism and republicanism in the UK over the past eleven years will today, via Brown's proxy at the Treasury, announce the bigge...
In a reversal of fortunes, Russia which went broke a decade ago until the IMF relented and let it have more money is now the proposed white knigh...
Economies: Iceland nationalises bank
After the Krona fell 30% against the Euro yesterday and Iceland's FSA suspended trading in banking shares, one of the biggest banks in the countr...
Economies: Aus cuts interest rates.
Australia has taken the drastic step of a large cut in interest rates.
Economies: UK latest to enter recession, says Chamber
The UK Treasury really should take a serious blatting around the head with a big stick. The US Fed misleads as a matter of course, but for the UK...
Economies: Europe adopts common position: it's broken
In the 1990s, as Dell and Compuserve opened offices in Dublin and Amsterdam respectively, they soon learned that Europe may have been legally and...
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