Final Friday afternoon Doom

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HairyArsedBloke replied

6 June 2008, 17:26
Heating oil went limit up halting trading on the Energy complex for a bit. Crude hit $138. Dow down 300.

Luving it
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BrilloPad replied

6 June 2008, 14:05
The spirit of BlasterBates lives on.
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DimPrawn started a topic Final Friday afternoon Doom

6 June 2008, 14:04
Final Friday afternoon Doom

http://news.bbc.co.uk/1/hi/business/7439469.stm

Bradford & Bingley has become the latest lender to raise its mortgage rates for new borrowers.

Its rates for many new deals will rise by between 0.05% and 0.55% from Friday.

The bank said it was going to charge more for new mortgages because of the increased cost of raising funds in the financial markets.

http://news.bbc.co.uk/1/hi/business/7439589.stm

Aviva, the owner of Norwich Union, will cut up to 1,800 jobs by 2010 as it restructures its insurance operations.

http://news.bbc.co.uk/1/hi/business/7440104.stm

The US unemployment rate has risen at its fastest pace in more than two decades in May, stoking recession fears in the world's biggest economy.

The surprise jump in May's jobless rate to 5.5% from 5% is the most recent signal yet that US growth is stalling.

http://news.bbc.co.uk/1/hi/business/7439752.stm

Japanese banks are feeling the fallout from the US subprime mortgage crisis and the credit crunch, according to the country's financial watchdog.

The Financial Services Agency said losses stemming from US sub-prime lending increased by 41% to 850bn yen ($8bn; £4.1bn) at the end of March.

Have a good weekend everyone.
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