Archive for markets

IMF puts UK banking bailouts at £1227bn

The amount of support handed to the financial sector by the taxpayer and the Bank of England is more than for any other major economy.

US markets rise to eightmonth highs on corporate results

Dow Jones rises above the 9000point mark for the first time since January.

London Stock Exchange cuts jobs as recession hits revenues

The London Stock Exchange LSE continued to feel the affects of the recession over the past three months as revenues fell and 120 jobs were lost half in the UK.

Poor US jobs data sees markets fall

Global stock markets fell sharply on signs the US labour market continues to be hurt by the global recession with the unemployment rate hitting a 26year high in June and the number of job losses rising for the first time in five months.