Financial Times - Homepage
The latest news from the finance industry.
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Nov 19 Fed vows to fight against deflation
The US Federal Reserve will take every step required to enure the country does not fall into deflation, its vice-chairman said as data showed consumer prices fell a record amount last month
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Nov 19 Junk bond yields spike
Average yields on US junk bonds have topped more than 20 per cent for the first time amid rising concerns about a protracted recession and a wave of corporate defaults
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Nov 19 Piracy set to escalate shipping costs
The increase in hijackings off the coast of Somalia looks likely to impose millions of dollars in extra shipping costs as shipowners charge their customers for the cost of diverting vessels
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Nov 19 Obama selects Daschle as health secretary
Barack Obama has chosen Tom Daschle, one of his most high-profile allies, to be secretary for health and human services, according to Democratic officials close the US president-elect
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Nov 19 Iran increases stockpile of uranium
Country is forging ahead with its nuclear programme, the United Nations' nuclear watchdog reported
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Nov 19 Gold's safe appeal attracts record interest
Sales of gold coins and bars reached their highest levels for more than a decade while gold exchange traded funds saw record inflows in the third quarter as investors sought a safe haven after Lehman's collapse
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Nov 19 Growth fears push FTSE back to 4,000
London equities suffered a punishing afternoon, which took the FTSE 100 briefly back below 4,000 as fears that the global economy was creeping into deflation persisted
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Nov 19 Lloyds TSB investors back HBOS deal
Shareholders overwhelmingly backed the bank's rescue of HBOS and its plans to raise £5.5bn of fresh capital, although some raised concerns about the prospect of the government becoming a significant shareholder
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Nov 19 BASF cutbacks will affect 20,000 staff
BASF, the world's largest chemicals maker by revenue, cut its profit outlook for 2008 and announced cutbacks in production which will affect 20,000 employees
Article from Financial Times - Homepage
Nov 19 Manufacturers see sharpest contraction in 30 years
The CBI Industrial Trends survey came as the EEF reported that one in four companies which had negotiated a pay deal in the three months to the end of September had either deferred a decision or elected to freeze pay