U.S. stocks rose on Tuesday after forecast-topping earnings from Lehman Brothers Holdings Inc calmed investors' fears about the recent credit turmoil as investors anticipated an interest rate cut.
Embattled British bank Northern Rock said a majority of customer calls it had received on Tuesday were to reinvest money in accounts, and queues for cash withdrawal were considerably down from past days.
The dollar steadied above last week's record lows versus the euro on Tuesday as investors chose to hold fire ahead of a widely-expected Federal Reserve interest rate cut.
Britain will guarantee all existing deposits at embattled mortgage bank Northern Rock, finance minister Alistair Darling said on Monday.
Major handset vendors have much more to gain than to lose from the buzz Apple Inc's coveted iPhone will create when it arrives in European stores for the key shopping season ahead of Christmas.
It could be due the climate, the large number of students or the ethnic mix of the people who live there, but whatever the reason London and Toronto have the highest number of Facebook users.
Spanish-owned mobile phone operator O2 secured a deal to sell the iPhone in Britain after agreeing to give Apple 40 percent of the revenues it will make from customers using the device, the Guardian said.
Gold rose on Monday and stayed within sight of a 16-month high of $717 an ounce struck last week with expectations running high for the U.S. Federal Reserve to cut interest rates.
Stocks fell on Monday as savers demanded their money back from embattled British bank Northern Rock, adding to global credit concerns before an expected U.S. interest rate cut this week.
Dutch bank ABN AMRO NV reiterated its 2007 earnings per share target of 2.30 euros ($3.19) on Monday despite current market turmoil and said it has very limited exposure to the subprime market.
All options will be considered to save embattled bank Northern Rock, British finance minister Alistair Darling said on Monday as fears of a crisis threaten to spoil Prime Minister Gordon Brown's first year in power.
Sterling fell to its lowest level in a year on a trade-weighted basis and the yen strengthened on Monday as problems at Britain's Northern Rock bank heightened risk aversion and led investors to pare back carry trades.
Asian and European stocks fell on Monday while sterling hit a one-year low as concerns over financing for banks grew after UK mortgage lender Northern Rock tapped the Bank of England for an emergency loan last week.
Savers demanded their money back on Monday from the British bank hardest hit by the global credit crisis, while U.S. Treasury Secretary Henry Paulson said financial market turbulence could continue for a while.
A fast car with a James Bond image held onto its place atop a list of the coolest brands in Britain in a newly released survey on Thursday.
Asian stocks took a breather on Monday after four straight weeks of gains, with expectations of a U.S. interest rate cut this week helping to offset renewed worries about a global credit squeeze.
European Union finance ministers and central bankers agreed on Saturday to step up co-operation among themselves to improve their handling of cross-border financial crises.
Deutsche Telekom has clinched an exclusive deal with Apple Inc to sell the coveted iPhone in Germany, an industry source told Reuters.
Your mobile phone may be one of the last spots around that's relatively free of advertising -- but not for long.
India's Mahindra & Mahindra has decided not to bid for Ford Motor Co's Land Rover and Jaguar brands, the Economic Times reported on Friday, citing investment banking and industry sources.
Treasury Secretary Henry Paulson said on Friday that it will take time to work through the problems contributing to current financial market turmoil but expressed confidence U.S. growth will not be derailed.
Stocks were little changed on Friday as weakness in semiconductor makers after a broker downgrade of Intel Corp was offset by strength in energy producers.
