No image available
World faces slowdown in 2009, hopes pinned on bailouts
Another day, another batch of warning signs indicating the world will enter 2009 in the throes of a sharp economic slowdown.
gmac
No image available
Virgin team picked for Northern Rock rescue
A consortium led by Richard Branson’s Virgin Group has been picked as the preferred bidder to rescue Northern Rock and plans to repay £11-billion (,6-billion) quickly to the Bank of England. Half the cash will come from the consortium and half will be raised through a rights issue at 25 pence per share.