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2nd UPDATE: Over 97.5% Of European ABS Retained In 2008 Monday, January 5, 2009 @ 5:23PM(Adds background, additional comment.) LONDON -(Dow Jones)- European banks created over EUR600 billion of structured finance securities in 2008, but probably sold less than 2.5% of them to investors via public deals, according to estimates from Merrill Lynch.
FTSE shares rise Monday, January 5, 2009 @ 5:21PM Shares in London ended higher on Monday after global markets advanced in the new year despite more gloomy economic news.
StatoilHydro starts drilling at N.Sea Gjoa field Monday, January 5, 2009 @ 5:21PMOSLO, Jan 5 (Reuters) - Norwegian energy group StatoilHydro has begun drilling the first of 13 production wells planned for its Gjoa oil and gas field in the North Sea, the company said on Monday.
2008: Year in Review Monday, January 5, 2009 @ 5:18PMEditor’s note: The following is a month-by-month recap of some of the top newsmaking events of 2008.
Hogg Resigns Monday, January 5, 2009 @ 5:09PMHarlequins chairman Keith Hogg has resigned because of family and business commitments.
(AFX UK Focus) 2009-01-05 16:58 Europe stocks advance; telecoms, energy shares gain Monday, January 5, 2009 @ 5:02PMLONDON, Jan 5 (Reuters) - European equities advanced for the fifth session in a row on Monday, with positive telecoms shares and firmer energy stocks on the back of stronger crude outweighing a drop in the automobiles sector, hit by falling consumer demand. The FTSEurofirst 300 index of top European shares provisionally ended 1.7 percent higher at 871.02 points. It plunged 45 percent in 2008, ...
Murray defeats Nadal to grab Australian Open boost Saturday, January 3, 2009 @ 8:08PMABU DHABI - The ATP standard Abu Dhabi International Tennis Complex may well turn out to be the ‘graveyard of champions’ like Court 2 at Wimbledon.
Married couple killed in aircraft crash Saturday, January 3, 2009 @ 8:00PMCouple with young children among three killed in crashed by railway.
Celtic slip, drop points to Dundee Saturday, January 3, 2009 @ 7:55PMCeltic missed the chance to go 10 points clear of fierce rival Rangers at the top of the Scottish Premier League when it drew 2-2 against Dundee United on Saturday.
Thousands throw shoes at Downing Street in protest against Israeli action in Gaza Saturday, January 3, 2009 @ 7:48PMUp to 12000 demonstrators took to the streets of London in protest against the attacks on Gaza throwing shoes through the gates of Downing Street and setting fire to the Israeli flag.
Malacañang boys cheered too soon Saturday, January 3, 2009 @ 7:15PMMANILA, Philippines—Malacañang officials were cheering a Bloomberg report Saturday that supposedly cited the Philippines and China as the most resilient in Asia in 2008 and which “would do well in 2009.”
Twell and Merga triumph in Antrim Saturday, January 3, 2009 @ 6:45PM3 January 2009 - Antrim, UK - IAAF World Junior 1500m champion Stephanie Twell opened her competitive year in style with a mature victory in the Antrim International to further cement her flowering reputation as one to watch for the future.
Newcastle boss Kinnear confirms interest in Barry Ferguson Saturday, January 3, 2009 @ 12:49PMNEWCASTLE boss Joe Kinnear has confirmed Scotland and Rangers midfielder Barry Ferguson is one of the men on his transfer window wishlist.
Magpies confirm Ferguson interest Saturday, January 3, 2009 @ 12:45PMNewcastle boss Joe Kinnear has confirmed Scotland and Rangers midfielder Barry Ferguson is one of the men on his transfer window wishlist.The Magpies have made an inquiry about the 30-year-old, who underwent ankle surgery last year, as Kinnear attempts to bolster his depleted squad for a Premier League survival fight.
Chancellor considers second bailout for banks as lending crisis continues Saturday, January 3, 2009 @ 12:41PM Chancellor Alistair Darling is considering further steps to try to unfreeze the credit market, including a second bailout for banks, according to Treasury sources.
NO-SHOW FRIDAY Saturday, January 3, 2009 @ 12:39PMAvalanche of sickies as Britain freezes
Newcastle confirm interest in Ferguson Saturday, January 3, 2009 @ 12:36PMNewcastle United manager Joe Kinnear has confirmed Scotland and Rangers midfielder Barry Ferguson is one of the men on his transfer window wishlist.
NIA unlikely to take over Mumbai attack probe Saturday, January 3, 2009 @ 4:38AMNew Delhi, Jan 2 : The newly-constituted National Investigation Agency (NIA) that came into force Thursday after President Pratibha Patil gave her nod to its formation is unlikely to probe the Mumbai terror attacks.
(AFX UK Focus) 2009-01-03 04:00 Glance-PRESS DIGEST - Financial Times - Jan 3 Saturday, January 3, 2009 @ 4:32AMINTEREST ON SAVINGS ACCOUNTS CUT TO 0.1 PERCENT
(AFX UK Focus) 2009-01-03 03:48 Glance-PRESS DIGEST - British business - Jan 3 Saturday, January 3, 2009 @ 4:17AMThe Guardian
Uplifting news: A pain-free, comfortable bra Saturday, January 3, 2009 @ 4:15AM"What does a woman want?" asked an exasperated Sigmund Freud. The father of modern psychology claimed that in 30 years of study he had never figured it out.
(AFX UK Focus) 2009-01-03 03:45 Glance-PRESS DIGEST - British business - Jan 3 Saturday, January 3, 2009 @ 4:03AMThe Guardian
Smith defends his transfer policy of splashing out on youngsters Saturday, January 3, 2009 @ 3:54AMFrom Walter Smith came the first trace of gallows humour on Friday. Asked whether the criticism which had come his way since losing to Celtic had been excessive, the Rangers manager grimaced.
I used Dundee United as a trampoline to the big-time, says Celtic keeper Zaluska Saturday, January 3, 2009 @ 2:19AM New Celtic goalkeeper Lukasz Zaluska has revealed how he used Dundee United as ‘a trampoline’ to launch himself into a move to the SPL champions.
UPDATE 2-Oilexco says unit faces insolvency, shares skid Wednesday, December 31, 2008 @ 4:35PMLONDON, Dec 31 (Reuters) - Oil exploration company Oilexco Inc said on Wednesday that its North Sea operating unit intends to file for bankruptcy protection after lenders refused to provide further funding to the company.
(AFX UK Focus) 2008-12-31 16:30 UPDATE 2-Oilexco says unit faces insolvency, shares skid Wednesday, December 31, 2008 @ 4:32PMBy Alasdair Reilly
Rev. hits out at Old Firm ‘songs of hate hypocrites’ Wednesday, December 31, 2008 @ 4:31PMA WELL-KNOWN Burnside minister has found himself embroiled in the sectarian songs debate that’s hitting the headlines in the west of Scotland.
Drug addict with flesh-eating bug dies Wednesday, December 31, 2008 @ 4:26PMA drug user has died from the flesh-eating disease necrotising fasciitis, health officials said today. Two other cases had been confirmed previously and a further possible case has been identified, said Lanarkshire Health Board.
Conroe ISD briefs Wednesday, December 31, 2008 @ 4:17PMArmstrong Elementary Armstrong Elementary will have math night for pre-kindergarten, kindergarten and first grade beginning at 6 p.m. Jan. 13. Math night for second, third and fourth grade will be Jan. 15.
2008: The year in sport Wednesday, December 31, 2008 @ 4:16PMFrom Peter De Villiers being made Bok coach to a Test series win in Australia. Sport24 takes a look back at an amazing sporting 2008.
UBS of Switzerland Sells Shares in Bank of China (Update1) Wednesday, December 31, 2008 @ 10:29AMDec. 31 (Bloomberg) -- UBS AG , Switzerland’s biggest bank, sold its stake in Bank of China Ltd. to raise cash as a three- year lockup period ended today.
Vital links Wednesday, December 31, 2008 @ 10:29AMUNL Journalism Student MULLEN - Nebraska as a golf destination? Yes, golf is among recreational opportunities that have a significant economic impact on several Nebraska towns.
U.K. Stocks Rise; FTSE 100 Index Trims Record Annual Decline Wednesday, December 31, 2008 @ 10:25AMDec. 31 (Bloomberg) -- U.K. stocks climbed for a third day, trimming the FTSE 100 Benchmark Index’s worst annual decline on record, as commodity producers rallied.
Son of German political leader found dead in Edinburgh Wednesday, December 31, 2008 @ 10:22AMTHE son of a German political leader has been found dead in a flat in Scotland, it was revealed today.
(AFX UK Focus) 2008-12-31 09:47 UPDATE 1-UBS sells Bank of China stake Wednesday, December 31, 2008 @ 10:18AMZURICH, Dec 31 (Reuters) - Swiss bank UBS AG said on Wednesday it had sold its stake in Bank of China, which it acquired in 2005 but said it was still committed to its businesses in China. UBS said in a statement it had sold about 3.4 billion Bank of China H-shares it bought in 2005 ahead of an initial public offering to the international market through a placing to institutional investors, but ...
Daily Record Political Editor Magnus Gardham looks back at a year of political turmoil Wednesday, December 31, 2008 @ 10:16AMCARNAGE in the City and on Wall Street changed the political landscape in 2008.The global economic crisis had a far bigger impact on Labour, the Tories and the SNP than anything that happened in Westminster or Holyrood.
Damian Green was secretly recorded by Metropolitan police Wednesday, December 24, 2008 @ 1:11PMPolice officers who arrested Damian Green were wearing secret recording devices usually reserved for terror suspects, it emerged today as Scotland Yard’s investigation into the Conservative MP was further discredited.
Festivities on hold for latest Magners action Wednesday, December 24, 2008 @ 1:11PMThe Irish, Scottish and Welsh regions will face off this weekend with pride at stake as well as precious league points.
Music seller Zavvi is latest retailer to call in the administrators Wednesday, December 24, 2008 @ 1:04PMMORE than 3,000 jobs at high street music retailer Zavvi were at risk today after the company was placed into administration.
4-H team takes top spot at nationals Wednesday, December 24, 2008 @ 6:28AMThe Elbert County livestock judging team came home from the 85th National 4-H Livestock Judging Contest with more than good memories and good experiences. The team’s hard work and dedication paid off, winning the championship in Louisville, Ky.
Community benefit helps newcomers Wednesday, December 24, 2008 @ 6:25AMAlan and Jen Waugh moved here from Scotland in April. With the “oil and gas boom,” Alan’s company transferred him to the United States, and the couple decided to make their new home in Katy.
Curling fans keep ancient game alive in the Twin Cities Wednesday, December 24, 2008 @ 6:23AMBLOOMINGTON -- Members of the Bloomington-Normal Ski Club trade snow for ice a few times each winter to go curling.
Playing in the Wind Wednesday, December 24, 2008 @ 6:10AMDo you know what shots are affected by the wind? All of them! Wind is the second most difficult playing condition in golf; right behind rain. Wind can make a three foot putt as difficult as a tee shot. On a recent golf trip to Scotland, thirty to forty mph winds tested my skills to the limit. During my trip, I discovered there were a few shots in particular that required more care than one might ...
No shying away for fat blokes now Wednesday, December 24, 2008 @ 6:10AMSLIMMING
Wall Street scam Wednesday, December 24, 2008 @ 6:09AMAFP. LONDON. — Top world financial groups yesterday revealed massive potential losses from an alleged scam run by Wall Street trader Bernard Madoff, admitting they were fooled by a classic pyramid investment fraud.
Salmond: Difficult times are ahead Wednesday, December 24, 2008 @ 6:04AMScotland faces "difficult times ahead", First Minister Alex Salmond has warned. But he insisted the Scottish Government was doing everything in its power to help people in the wake of the economic downturn.
Cash boost for beaver project Wednesday, December 24, 2008 @ 5:34AMAn animal charity is providing cash to support the reintroduction of beavers to Scotland, it has been announced. The Peoples Trust for Endangered Species (PTES) pledged £40,000 to support the Scottish Beaver Trial over its first two years.
Union concern over teaching figures Monday, December 22, 2008 @ 10:15AMUnion leaders voiced concerns after it was revealed teacher numbers have dropped to their lowest level in two years. The number of teachers working for councils across Scotland in the third quarter of 2008 dropped to 56,800 - compared with 57,700 at the same time last year.
Tynemouth RNLI life-savers carry on family tradition Monday, December 22, 2008 @ 10:10AMSAVING lives at sea is in the blood for two North families. The Tynemouth RNLI lifeboat has just taken on two new recruits whose fathers and grandfathers were lifeboatmen before them.
Rugby player Andrew Skeen swaps Berwick for Milan Monday, December 22, 2008 @ 10:10AMA RUGBY player has swapped Northumberland for Milan in his bid to carve out a career in the sport.