Jan 6 2009, 10:16:00
FSA to lift short selling ban
An emergency ban on the short selling of UK financial stocks could be lifted later this month under new proposals from the Financial Services Authority (FSA).
Jan 6 2009, 09:57:50
Japanese market closes at two-month high
Rising optimism that the incoming administration of US president-elect Barack Obama will enact a new round of economic stimulus measures triggered a wave of buying on Japan's major stock market, with the benchmark Nikkei 225 hitting a two-month closing high on Tuesday (January 6th).<br/>
Jan 6 2009, 06:07:10
Wall Street edges higher on tech hopes
US shares overcame a swathe of gloomy economy news to advance in early trading on Tuesday (January 6th), with investors hoping that president-elect Barack Obama's anticipated economic stimulus plan will boost the technology sector. <br/>
Jan 6 2009, 06:05:16
More than 1 in 8 'seek debt advice'
There was further evidence of the biting recession today with new research from MoneyExpert.com showing that 13 per cent of UK adults have sought advice on controlling their debts in the face of mounting economic pressures. <br/>
Jan 6 2009, 06:04:09
Mortgage lenders 'bottom out' on rate cuts
The number of mortgage lenders passing on interest rate cuts to their customers continues to "dwindle", with many showing signs that they are as low as they are prepared to go.
Jan 6 2009, 06:02:25
Fall in rates gap 'raises hopes for lending'
The gap between inter-bank lending rates and the Bank of England's base rate has fallen to its lowest level since March, sparking hopes that the credit markets may be on the way to thawing out.
Jan 6 2009, 06:01:24
UK pension funds record negative returns
Pension funds in the UK have recorded their first negative annual returns since the recession of the early 1990s, according to new data from the Bank of New York Mellon Asset Servicing.
Jan 6 2009, 03:58:28
Blocked fund withdrawals 'make bad situation worse'
Hedge funds' limits on investor withdrawals are exacerbating the difficult conditions facing the industry and could eventually threaten the future of the asset class, an expert has claimed.
Jan 6 2009, 03:57:15
Service sector unemployment 'rises at record pace'
Service industries in the UK experienced a sharp decline in business activity during December, as staff lay-offs reached a record pace.
Jan 6 2009, 03:11:02
Sterling "still falling - but undervalued"
Sterling endured a tough 2008 against both the dollar and the euro but after a year of being the market's punch bag, the currency is now looking "chronically undervalued", a currency specialist has said.
Jan 6 2009, 02:56:52
House prices record biggest-ever fall
House prices crashed by 2.5 per cent in December to record their biggest ever annual rate of decline, according to a new report from Nationwide.
Jan 6 2009, 02:53:37
Parties clash over savings proposals
The three main political parties have clashed over their approaches to the economic downturn after Conservative leader David Cameron unveiled plans to cut the duty on savings income for all basic-rate taxpayers.
Jan 5 2009, 11:49:24
Brown 'not considering new bank bailout'
The government is working on new ways to increase banks' lending to businesses and individuals but it is not considering a second "bailout" of industry using taxpayers' money, the prime minister has said.
Jan 5 2009, 09:34:34
New year hopes send Nikkei to 2-month high
Japan's Nikkei 225 closed at a two-month high on Monday (January 5th), reflecting investors' hopes that the benchmark index can put 2008's worst-ever annual performance behind it and advance on the back of new economic stimulus plans.
Jan 5 2009, 05:51:19
Concerns over car sales hit US shares
Wall Street kicked off the first full week of trading in 2009 with early losses as investors braced themselves for what are expected to be weak end-of-year sales figures from the automotive industry, according to reports.