- Bank of America, GE weigh on recovery optimism
- Bank of America earnings down, GE profits tumble
- Citibank in profit thanks to one-off gain
- U.S. housing starts and permits jump in June
- German economy ministry hints at end to recession
- CIT turns to JP Morgan, Goldman Sachs for financing
Reuters 20 July 2009
- The construction of new homes in the US rose 3.6% between May and June to the highest level in seven months, official figures have shown.
- The UK economy is set to shrink by 4.5% in this year, the biggest fall in a single year since 1945, according to an influential think-tank.
- The top Barclays executive who was instrumental in the bank securing billions of pounds in overseas funding is set to quit, reports suggest.
BBC Business News 20 July 2009
- Warm and sunny in Malta today at 34 degrees.
- Stewart Cink beats veteran golfer Tom Watson in a play off at the Open Championship.
- England in the driving seat in the Second Ashes Test at Lords.
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