Department heads from JPMorgan Chase yesterday began redundancy talks with their counterparts at Bear Stearns after securing a rescue deal late on Sunday evening to buy the bank for 6 per cent of its value last week.

Added: 2008-03-18

Thousands face redundancy as Bear Stearns' new owners look for cuts

Category: varial news

Dollar decline 'deeply worries' Wen

Wen Jiabao, China's premier, expressed concern about the US and global economy and the fallout from the continuing weakness of the greenback against other currencies

Spain cancels election rallies after murder

Spain's political parties suspend campaigning in advance of general election after former town councillor was shot dead

Ian Jack: Hebron is a ghost town where joggers carry automatic rifles

Ian Jack: For the settlers, subsidies and tax breaks have become as important a motive as Deuteronomy