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November 22, 2008, 8:30 am

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Oil prices fall below $50 a barrel amid growing fears over a global recession and lower demand for oil.
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Banks 'must kick-start lending'
Banks must start lending again or face being named and shamed, the Treasury Select Committee chairman says.
China fears grow over job losses
Beijing says its employment outlook is "grim", amid concerns of increasing social unrest caused by economic problems.
Pakistan asks IMF for rescue loan
Pakistan has asked the International Monetary Fund for a loan of at least $7.6bn, its top economic adviser says.
Gap profits higher than expected
American clothes retailer Gap defies Wall Street forecasts and reports higher-than-expected third quarter net profits.
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Rwanda's booming manufacturing and farming sectors could push growth in the country to 10% this year, its central bank says.
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The number of properties repossessed by mortgage lenders rose by 12% to 11,300 in the third quarter of the year.
Private equity targets Bank of Ireland

Bank of Ireland revealed yesterday that it had received a number of "unsolicited approaches" from prospective bidders looking to take stakes in Ireland's biggest bank by assets. The news sent the bank's shares up 24 per cent to €1.25 (£1.06).




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