Buitenlands Nieuws

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07-10 Financial Times - Europe Brown orders massive cash injection for banks Gordon Brown, UK prime minister, on Tuesday night ordered a massive taxpayer-backed cash injection to rebuild the balance sheets of Britain's high street banks, effectively part-nationalising the sector at a cost of tens of billions of pounds
07-10 Financial Times - Europe Fed to start buying commercial paper Ben Bernanke opened the door to further US interest rate cuts on a day that saw the Federal Reserve moving to bypass banks and lend directly to US companies in an unprecedented attempt to unfreeze the money markets
07-10 Financial Times - Europe Iceland forced to seek Russian capital injection Iceland expressed disappointment that western allies had failed to provide support to help ease the country's financial crisis, forcing it to turn to Russia for a €4bn loan
07-10 Financial Times - Europe GM cuts production in Europe General Motors is cutting production at most of its 10 manufacturing plants in Europe in a stark sign of the growing toll the credit crisis is taking on demand in the real economy
07-10 Financial Times - Europe RBS plunges on funding fears Shares in Royal Bank of Scotland plunged on talk that it had approached the UK government about a capital injection, but defensive stocks helped the FTSE recover its poise after Monday's dizzying sell-off. Australia's rate cut helped sentiment in Asia
07-10 Financial Times - Europe Russia lends banks $37bn to stem crisis Russia said it would pump $37bn in long-term subordinated loans into state-controlled banks in an effort to fight off a deepening financial crisis that has seen the steepest losses ever on the Russian stock exchange
07-10 Financial Times - Europe Iceland nationalises Landsbanki Iceland's second largest bank was nationalised as the beleaguered country used new powers that allow it to seize control of public companies in the financial services sector
07-10 Financial Times - Europe EU ministers strive for common response Shocked European Union finance ministers have made another attempt to forge a common response to the whirlwind of destruction tearing through Europe's banking sector and stock markets
07-10 Financial Times - Europe Australia rate cut lifts Asian stocks Asia Pacific stock markets bounced back from their losses after falling sharply in early trading and Australian shares rose by two and a half per cent after its central bank cut interest rates by one percentage point
07-10 Financial Times - Europe Banks prepare for CDS pay-outs Banks are hoarding cash in expectation of pay-outs on up to $400bn (£230bn) of defaulted credit derivatives linked to Lehman Brothers and other institutions
07-10 Financial Times - Europe Markets routed in global sell-off Stock prices collapsed around the world amid growing fears that the credit crisis would trigger a global recession, leading to speculation about co-ordinated emergency rate cuts by the Federal Reserve and other central banks
07-10 Financial Times - Europe BofA to raise $10bn in capital Bank of America, the largest US bank, said it would raise $10bn in capital and halve its dividend in an effort to ride out the credit crisis
06-10 Financial Times - Europe Wall St plummets to four-year lows A sharp sell-off in US equities pushed the Dow Jones Industrial Average below 10,000 as concerns heightened that banking crises would deepen and further hurt the global economy
06-10 Financial Times - Europe Fuld says Lehman victim of short sellers Former Lehman Brothers chief executive said he felt "horrible" about what had happened to the investment bank, but insisted Lehman was brought down by a crisis of confidence in the marketplace combined with a plague of naked short selling
06-10 Financial Times - Europe Iceland takes emergency action Iceland risks plunging into national bankruptcy, the prime minister warned, as a mounting financial crisis and a 30 per cent dive in the krona forced the government to take emergency action
06-10 Financial Times - Europe BNP takes control of Fortis in €14.5bn deal French bank will take control of the main Belgian banking and insurance operations of Fortis in a deal brokered by the Belgian government following the surprise nationalisation of the group's Dutch businesses
06-10 Financial Times - Europe Hypo Real Estate chief set to quit Georg Funke is under intense pressure to quit as Hypo chief after a €50bn ($67.4bn) lifeline had to be thrown to the bank in a last-minute rescue effort by the German government and the banking and insurance industries
06-10 Financial Times - Europe FTSE 100 in biggest fall since Black Monday The London market was routed with the FTSE 100 suffering its biggest one day percentage fall since Black Monday in 1987, and biggest points fall ever
06-10 Financial Times - Europe Wall St plummets to four-year lows US stocks plummeted, sending the Dow Jones Industrial Average below 10,000, as concerns heightened that the banking crisis would deepen and further hurt the global economy
06-10 Financial Times - Europe Fuld says Lehman victim of short sellers Former Lehman Brothers chief executive said he felt "horrible" about what had happened to the investment bank, but insisted Lehman was brought down by a crisis of confidence in the marketplace combined with a plague of naked short selling
06-10 Financial Times - Europe Yen jumps on hopes for Japan The Japanese currency jumped 5.7 per cent against the euro, its largest one-day gain since the European single currency started trading in 1999. It also surged 4.2 per cent against the US dollar
06-10 Financial Times - Europe Yen jumps on hopes for Japan The Japanese currency jumped 5.7 per cent against the euro, its largest one-day gain since the European single currency started trading in 1999. It also surged 4.2 per cent against the US dollar
06-10 Financial Times - Europe Berlin shrugs off attacks on savings pledge Germany rejected foreign criticism of its decision to guarantee all private bank deposits and denied comparisons with Ireland's earlier move to underwrite all liabilities of six domestic banks
06-10 Financial Times - Europe Berlin shrugs off attacks on savings pledge Germany rejected foreign criticism of its decision to guarantee all private bank deposits and denied comparisons with Ireland's earlier move to underwrite all liabilities of six domestic banks
06-10 Financial Times - Europe ImClone backs $6.5bn Eli Lilly bid The US cancer drug maker agrees a $70 a share cash offer from Eli Lilly, which trumped an unsolicited approach from ImClone's partner Bristol-Myers Squibb
06-10 Financial Times - Europe ImClone backs $6.5bn Eli Lilly bid The US cancer drug maker agrees a $70 a share cash offer from Eli Lilly, which trumped an unsolicited approach from ImClone's partner Bristol-Myers Squibb
06-10 Financial Times - Europe Fed takes steps to bolster liquidity The Federal Reserve said it would increase the size of its key TAF lending facility to commercial banks, pay interest on excess reserves to smooth liquidity operations, and allow money market funds to borrow via banks to fund their holdings of commercial p
06-10 Financial Times - Europe Fed takes steps to bolster liquidity The Federal Reserve said it would increase the size of its key TAF lending facility to commercial banks, pay interest on excess reserves to smooth liquidity operations, and allow money market funds to borrow via banks to fund their holdings of commercial p
06-10 Financial Times - Europe Government action fails to halt global sell-off Equities fell sharply around the world as efforts by policymakers to restore confidence failed. The FTSE 100 fell 5.6%, trading below 4,700 for the first time since 2004. European and Asian stocks dropped sharply
06-10 Financial Times - Europe Iceland acts to guarantee deposits Iceland guaranteed all deposits in the country's banks as it sought to reassure local savers about the health of the country's beleaguered financial system
06-10 Financial Times - Europe BNP takes control of Fortis in €14.5bn deal French bank will take control of the main Belgian banking and insurance operations of Fortis in a deal brokered by the Belgian government following the surprise nationalisation of the group's Dutch businesses
06-10 Financial Times - Europe UniCredit seeks to raise €6.6bn Up to €6.6bn ($9bn) in new capital for Unicredit is being raised as the Italian banking group moves to shore up its defences
06-10 Financial Times - Europe Asian stocks begin week sharply lower Asia-Pacific markets slid as investors focused on growing concerns about the global economic outlook and ignored the passing of the US-government sponsored bail-out plan
06-10 Financial Times - Europe UniCredit to raise €6.6bn as investor confidence falls Up to €6.6bn ($9bn) in new capital for Unicredit is being raised as the Italian banking group moves to shore up its defences
06-10 Financial Times - Europe Citigroup wins first round in Wachovia battle Citigroup has won the first round in a bitter match with Wells Fargo over the takeover of Wachovia after a New York court gave it more time for exclusive negotiations with the sixth-largest US bank
05-10 Financial Times - Europe Fed under pressure to do more on credit crunch The Federal Reserve and US Treasury were on Sunday night under increasing pressure to follow passage of the $700bn financial rescue plan with further measures to shock the ailing credit markets back to life
05-10 Financial Times - Europe Lehman failed to convince Fed on survival plan The US bank lobbied the Fed this summer to be given access to liquidity, but was unable to convince regulators, just two months before the Fed endorsed similar proposals from Goldman Sachs and Morgan Stanley
05-10 Financial Times - Europe BNP to take control of Fortis French bank will take control of the remaining assets after the Belgian government was forced to find a buyer following the shock Dutch nationalisation of its part of the troubled banking and insurance group
05-10 Financial Times - Europe Iceland in talks to prevent bank meltdown Iceland's prime minister and central bankers held emergency talks with pension funds and banks as the country looked overseas for funding to shore up its crisis-ridden financial system
05-10 Financial Times - Europe EU needs stable energy policy, EDF warns Europe's governments must work together to deliver a "visible and stable" European energy policy or they will fail to attract the investment they need to meet sharply rising demand, says Pierre Gadonneix, president of the World Energy Council and chairman
05-10 Financial Times - Europe Germany prepares banking guarantee plan The German government plans to offer a blanket guarantee covering all of country's cash and savings bank accounts held by individuals, in a move to pre-empt panic withdrawals by customers
05-10 Financial Times - Europe Citi wins court order in battle for Wachovia Citigroup Inc said it won a court order blocking Wells Fargo & Co. from buying hobbled U.S. bank Wachovia Corp until the court rules otherwise
05-10 Financial Times - Europe Germany's HRE says rescue collapsed Hypo Real Estate was racing to find a way to save itself after the German property lender revealed the collapse of a previous rescue plan that could pose the biggest threat to Germany's financial system amid reports a consortium of banks had reassessed the
04-10 Financial Times - Europe European leaders offer united front on crisis European leaders vowed after crisis talk to do all they could to fend off the financial mayhem that snowballed out of Wall Street and is now hitting banks in Europe
04-10 Financial Times - Europe California may seek $7bn emergency loan Arnold Schwarzenegger, California's governor, has told the federal government that upheaval in the credit markets could leave his state in need of an emergency $7bn loan to pay for public services such as law enforcement, hospitals and firefighting.
03-10 Financial Times - Europe September proves tough month for hedge funds Even the savviest operators have been hit by ban on short selling and poor liquidity
03-10 Financial Times - Europe Declining economy could force Fed to act Friday's report of a 159,000 decline in non-farm jobs in September reinforces mounting evidence of a rapid deterioration in the US economy that could force the Federal Reserve to resume cutting interest rates.
03-10 Financial Times - Europe Citigroup moves to thwart Wells-Wachovia deal Wells Fargo on Friday stunned Citigroup and sparked a regulatory and legal row with a surprise $15.1bn all-share offer for Wachovia. The move trumps Citi's $2.2bn government-aided deal to buy most of the US lender
03-10 Financial Times - Europe Markets muted as bail-out is approved The US House of Representatives overwhelmingly passed the $700bn bank rescue plan. It voted 263-171, in a sharp reversal from the 228-205 against the package that legislators recorded last Monday in a shock defeat that rattled markets
03-10 Financial Times - Europe Dutch government takes over Fortis units The Dutch government agreed to take over the banking and insurance activities of the troubled financial services company in a €16.8bn deal that amounts to a break-up of the cross-border group