Friday, 19 September 2008

News 

Watchdog to curb City speculation

The Financial Services Authority has shocked the City by announcing a ban on 'short selling', to prevent speculators from profiting from the falling share prices of banks. Responding to concerns that speculators would deliberately drive down the share prices of Lloyds TSB and HBOS after their merger, the FSA said... [continued]




Markets rally at US bail-out

Asia's markets - the first to start trading - have soared this morning after the US Treasury yesterday announced they were working on a rescue plan to help American banks get rid of their bad debts. Yesterday, amid rumours of the plan, world markets rallied after a catastrophic week. The... [continued]

Harman: election would be ‘wrong’

Labour's deputy leader Harriet Harman sent out a strong message of support for Gordon Brown yesterday. Appearing on the BBC's Question Time, Ms Harman said she did not want a leadership election. She added that rebel MPs who have called for one were guilty of an "error of judgement". She... [continued]

McCain gaffe as FBI chase hacker

US Republican candidate John McCain seems to have committed an embarrassing gaffe, apparently thinking that Spain's prime minister is Latin American. Asked by a US radio station if he would meet Jose Luis Rodriguez Zapatero, Mr McCain spoke about his record with world leaders in "the hemisphere". His campaign team... [continued]


Swaziland holds first election

The tiny African kingdom of Swaziland is holding its first parliamentary election with armed police guarding polling stations after attempted protests by pro-democracy activists. Swaziland, birthplace of actor Richard E Grant, is one of the world's last absolute monarchies, and political parties are not allowed. Some of his subjects... [continued]