Egypt creates $854 mln compensation fund

Egypt has created a 5 billion Egyptian pound fund to compensate people for property damaged during the political protests that have rocked the country Finance Minister Samir Radwan said on Friday.

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Yen slides as S&P cuts Japan; dollar recovers

The yen fell broadly on Thursday after S&P cut Japan's government debt ratings prompting a sharp recovery for the dollar against the Japanese currency which helped push the euro off a two-month high versus the greenback.

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Obama austerity drive gets two cheers from CEOs

Business leaders in Davos welcomed the fact President Barack Obama was addressing the United States' gaping budget deficit but questioned whether he had gone far enough to give investors real confidence.

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Robson Green: ‘The harder I work, the luckier I get’

Robson Green, 46, grew up in a mining town before taking up acting. A keen angler, he lives with his second wife, Vanya, and their son.

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Former Parmalat chief gets 18 years in massive fraud trial

An Italian court on Thursday handed down an 18-year prison sentence against the former chief executive of Parmalat at the close of a trial into one of Europe's biggest fraud scandals.

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EU to back Irish bailout and sketch long-term solution

BRUSSELS - The European Union was poised to approve an 85 billion euro rescue for Ireland on Sunday and announce outlines of a permanent system to resolve Europe's spreading ...

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Divergent paths for US consumers as holidays near

Americans appear to be shaking off the gloom heading into the holiday season with recession no longer hanging over them but the mood is dampened by a growing split between the haves and have-nots say analysts.

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FTSE today: market report – as it happened Nov 19, 2010

FTSE 100 heads south on Chinese jitters and Irish uncertainty

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Irish bonds yields rise on financial crisis

Irish bond yields rose and then stabilised on Monday reflecting mounting market uncertainty over Ireland's financial future while pressure increased on Greek and Portuguese debt.

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Commodity slide dents FTSE

A commodity price slide dented miners and energy stocks pushing top shares lower by the close on Friday while uncertainty over the Irish debt situation crimped appetite for riskier assets like equities.

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