Fannie, Freddie shares hit 18-year low on bailout fears (Reuters)

Reuters - Shares of Fannie Mae and Freddie Mac dove to their lowest levels in more than 18 years on mounting fears of a government bailout that would wipe out shareholders of the two U.S. housing finance giants. Read more…


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Business

India airport strike hits flights

20.08.2008

Many domestic airline flights are cancelled in India after airport workers go on strike in protest against the government's economic policies. Read more…


Three-way split again on UK rates

20.08.2008

Bank of England policymakers were again split three ways when they decided to hold interest rates at 5% earlier this month. Read more…


Super-port contract to be signed

20.08.2008

A contract to build a ??1.5bn container port and business park in the Thames Gateway is due to be exchanged. Read more…


BAA told to sell two London airports (Reuters)

20.08.2008

Reuters - Airports operator BAA, owned by Spain's Ferrovial , received a tougher-than-expected ruling from Britain's competition regulator on Wednesday, which said it should sell two of its three London airports because of problems created by its near monopoly. Read more…


Casino shares drop on talk of Macau visa cutbacks (Reuters)

20.08.2008

Reuters - Shares of casino operators fell sharply on Tuesday amid concerns that the Chinese government may act to curtail visits by mainlanders to Macau, the only place in China where gambling is legal. Read more…