| Indonesia halts negotiation with Exxon over Natuna block The Indonesian government said Monday the time-consuming negotiations with U.S. oil giant Exxon Mobil over joint exploration in the Natuna gas block have met a deadlock. "I have reported to the minister of energy and mineral resourc ... english.people.com.cn |
Scam Leaves Homeowners Empty-Handed A foreclosure scam is turning some homeowners into victims. Kelly Cobiella explains what mortgage holders need to know before it's too late. feeds.cbsnews.com |
Fed makes JPMorgan conduit for Bear Stearns loan WASHINGTON (Reuters) - The Federal Reserve, in an emergency move believed not to have been used since the Great Depression, threw a lifeline to Bear Stearns on Friday by making JPMorgan Chase a conduit for funds to the investment bank. feeds.reuters.com |
European Commission launches Northern Rock probe The European Commission launches an in-depth investigation into the U.K. government’s support of Northern Rock under European state aid rules. feeds.marketwatch.com |
Bank of England to unveil mortgage bailout Faced with rising mortgage rates that threaten to worsen a housing downturn, the Bank of England will unveil a plan Monday to allow banks to swap billions of pounds worth of mortgage-backed securities for British government bonds in a bid to thaw frozen credit markets, Chancellor of the Exchequer Alistair Darling said Sunday. feeds.marketwatch.com |