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Repossession of homes up by 12%
The number of properties repossessed by mortgage lenders rose by 12% to 11,300 in the third quarter of the year.
Japan keeps rates on hold at 0.3%
Japan's central bank keeps its key rate unchanged at 0.3% on Friday but warns of an uncertain outlook.
Debt outlook for builders CRH lowered to 'negative'

THE outlook on CRH debt has been lowered by ratings agency Moody's who cited the firm's high exposure to the weak building materials markets in the Americas and an expected weakening in cash flow as it moved the outlook on the company's debt from 'neutral' to 'negative'.

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.
Oil price goes below $50 a barrel
Oil prices fall below $50 a barrel amid growing fears over a global recession and lower demand for oil.
Firms hailed for conservation bid

ENERGY

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.
In from the cold
There are signs of Belarus emerging from isolation
Santander snubs UK shareholders
The giant Spanish bank Santander has excluded 1.8 million UK shareholders from taking part in a new share issue.
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.
Citigroup chief moves to allay fears over future

A question mark loomed last night over the future of Citigroup's Irish division as speculation grew in the US that the company was planning to sell off parts or all of the company.

ESB will secure top 10 ranking with €4bn UK expansion plans

A €4bn expansion plan will secure ESB International a top 10 ranking among companies operating in the British electricity market, it said yesterday.

AIB raises €2bn by tapping the bond market

Allied Irish Banks yesterday became the first Irish lender to tap the bond market following the €440bn Government guarantee scheme -- raising €2bn.

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