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This is Money
Investors sold Italian and Greek debt yesterday in signs of near panic liquidation, driving bond spreads to the highest level since creation of the single currency.
Euro bond spreads hit record as panic grips markets
Citigroup shares fell to their lowest level in almost a decade after the head of Gulf investment agency, Dubai International Capital, said the largest US bank would need to raise "a lot more money" from outside investors.
'More capital needed to rescue Citigroup'
Ben Bernanke, the Chairman of the US Federal Reserve, yesterday urged Americas lenders to respond vigorously to its housing crisis by cutting the size of some outstanding home loans.
Cut size of outstanding loans, Ben Bernanke urges
The Bank of Canada has slashed interest rates a half point to 3.5pc in a surprise move to head off recession, saying the global outlook has darkened dramatically over the past month.
Half-point rate cut as Canada feels pinch
Opec will ignore pleas from America and Europe to ease record oil prices and leave the level of barrels it is pumping unchanged, analysts said.
Opec set to leave oil production unchanged despite high prices
Alistair Darling will attempt to kickstart the wholesale markets by kitemarking the best mortgage loans, it emerged last night.
Alistair Darling plans mortgage kitemark
The value of UK companies falling into foreign hands hit record levels last year, according to Government numbers, marking the country's fourth consecutive year as a net seller of companies.
Foreign predators snap up record81bn of British firms
The Chancellor's "shambolic" changes to Capital Gains Tax have left those affected "under pressure", "angry" and "aggrieved", according to Britain's leading accountancy professionals. Firms large and small are reporting a rush in business as the Treasury has left a window of a few weeks before the 10 per cent levy on most of these capital gains is replaced at midnight on 5 April by the new 18 per cent rate.
CGT hike triggers rush to sell companies