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Oil rebounds above $100 as Opec seeks to end overproduction
By Telegraph staff Oil has rebounded back above the $100 a barrel mark after the president of the Opec producers' group called on members to stop producing more than their quotas. In a statement, Opec admitted that a weakening in global demand for...
Sensex up 461 points
...the frontrunners, Sterlite Industries shot up 5.88%, Tata Communication 5.72%, Power Grid Corp 5.27%, HCL Technologies 4.95%, ICICI Bank 4.89%, SBI 4.81%, L&T 4.63% and NTPC 4.58%....
Roll up for Fannie Mae and Freddie Mac!
By Oliver Pritchett Who said variety is dead? That wonderful old American music-hall duo Fannie Mae and Freddie Mac are soon to make a triumphal tour of British theatres, supported by an all-star bill of the best of British music-hall acts.
Lehman Brothers' shares plunge as concern on Wall Street ...
By James Quinn, Wall Street Correspondent Fresh concern about Lehman Brothers ability to raise extra capital and worries about the health of other financial institutions plunged US equity markets into the red as the boost the markets received from...
Tullett merger talks with GFI collapse
By James Quinn The prospect of creating a rival to challenge ICAP for the number one inter-dealer broker spot has diminished after merger talks between Tullett Prebon and GFI collapsed last night. The discussions between the pair are understood to...
Euro court throws out £300m claim by Thomas Cook
Tour operator Thomas Cook is considering whether to appeal against a court decision to reject its 200m-300m damages claim against the European Commission. The European Court of First Instance dismissed a compensation claim arising from a ruling by...
Seven-hour LSE blackout caused by double glitch
By Rowena Mason The London Stock Exchange's seven-hour computer blackout was caused by a software problem rather than a high volume of trading, an investigation has revealed. An LSE spokesman said it was an unfortunate coincidence that two...
Watching the Lehman Fireworks
I'm thinking it was maybe a good thing that I was off the grid for most of today; it meant I haven't been able to get caught up in all the Lehman Brothers (LEH) hysteria. Of course, there's lots of speculation about what may or may not be going on...
Apple iTunes Now Recommends Songs To Buy
The new iTunes Store, version eight, now suggests songs and movies to buy, as well as organizes songs in any collection into a playlist. Along with changing to a more grid look and feel, rentals and sales of high definition TV shows were also...
Citigroup reportedly sells $2.92 bln samurai bonds in Jap...
Those include the first-time issuance by National Grid Gas, a U.K.based electricity and gas company.The biggest ever corporate bond sale in Japan was in January 2002 when Osaka-based Matsushita Electric Industrial Co.sold 300 billion yen in...