International and World Business News, Markets

Aug 27: BNP Paribas helped spark the global credit crunch when it froze three funds a year ago. So why hasn't the largest bank in the world had to raise any capital? more

UK home prices drop akin to 1990

12:07pm: British house prices continue to fall at a rapid rate, with the average home in August selling for 10.5% less than it did a year ago. more

Passengers stranded after Zoom planes grounded

4:18pm: High fuel prices and creditors' claims force the Canadian airline to cancel all flights; hundreds scramble to reach destinations. more

Dollar rises on stronger GDP, falling oil

4:04pm: Falling oil prices and a stronger-than-expected reading on the economy help dollar gain against euro, pound and yen. more

MORE WORLD BIZ NEWS

• Tokyo market cheers Ricoh's Ikon buyout

• While U.S. real estate fades, Middle East booms

• Japan's Ricoh to buy IKON for $1.6B

• Toyota raises hybrid prices in Japan

• Rio Tinto's profits double

• India's ONGC buys Imperial Energy

• Russia may lessen U.S. poultry imports

• Chinalco stake in Rio Tinto cleared

• Post-Olympic predictions for China

• Britain's economy grinds to halt

• Why oil won't fall below $100

All International News

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Business 360 Blog

Aug 28 4:00pm ET †	Price	Change	%Change

Nokia	25.84	-0.11	-0.42%
Elan	13.60	-0.05	-0.37%
ASM Lithography Holding	32.86	+0.45	+1.39%
Taiwan Semiconductor	10.06	-0.08	-0.79%
Vodafone Group Plc	26.16	+0.25	+0.96%

FORTUNE International

Prada goes shopping - for money

After a disastrous acquisition spree, the Milanese fashion house, looking to reduce its debt, has decided to raise cash by going public. But at what price? more

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CAC

Aug 28 10:10pm†	Change	%Change	Level

FTSE 100	+73.10	+1.32%	5,601.20
XETRA-DAX	+99.51	+1.57%	6,420.54
CAC 40	+88.41	+2.02%	4,461.49
HANG SENG	+365.78	+1.70%	21,338.07
NIKKEI 225	+277.07	+2.17%	13,045.32

U.S. Dollar vs Euro	+0.0050	+0.34%	1.4743
U.S. Dollar vs Yen	-0.3900	-0.36%	0.0092
U.S. Dollar vs UK £	+0.00	+0.16%	1.83

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