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Daewoo leases African plantation
South Korean firm Daewoo says it is leasing a vast tract of land in Madagascar, which will produce half of its corn supply by 2023.
Former Treasury Secretary O’Neill Talks to FBN
Former Treasury Secretary Paul O'Neill said he approves of three of the possible candidates for his former post.
Banks 'must kick-start lending'
Banks must start lending again or face being named and shamed, the Treasury Select Committee chairman says.
Tata Group cools expansion plans
Indian conglomerate Tata Group says it will cut down on acquisitions because of increasing problems in raising capital.
Bernanke Leaves Door Open to Further Rate Cuts
Warning that financial markets remain under "severe strain," Federal Reserve Chairman Ben Bernanke pledged Friday to work closely with other central banks to fix global financial problems and left open the door to a fresh interest rate cut to help brace the sinking U.S. economy.
Citigroup plunges on uncertainty
Shares in Citigroup, one of the biggest banks in the US, fell on Friday amid uncertainty about the firm's future.
Opec 'lost $700bn on cheaper oil'
Opec members have lost about $700bn (£467bn) because of falling crude prices, the oil cartel's president is quoted as saying.
Meet the Most Power Person in America: Henry Paulson
Right now, Treasury Secretary Henry Paulson may be the most powerful person in America – and there’s a lot of discontent about that.
Cancel that Ferrari order! Top banks axe bonuses for their executives
UBS and Goldman Sachs will not pay bonuses to their top executives in 2008, the banking giants reveal.
Sony hikes prices as yen value soars

Sony is planning big price rises in the UK because of the strength of the yen against sterling, in a move that threatens to put extra pressure on Britain's embattled retail sector.


CEOs Urge at Least $300B in Next Fiscal Stimulus
Chief executives of leading U.S. companies called for a fiscal stimulus package worth at least $300 billion and urged president-elect Barack Obama to swiftly name his economic team.
Eurozone business activity falls
Business activity in the 15 countries sharing the euro falls in November to a ten-year low, the purchasing managers' index (PMI) shows.
Steven Madden Beats the Street, Boosts Forecast
In a quarter when retailers are posting some very ugly numbers, there seems to be one bright spot, Steven Madden.


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