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BEIJING (Reuters) - Asian and European leaders closed ranks on Saturday to try to bolster the confidence of shell-shocked investors fearful that the year-long global credit crunch is mutating into a worldwide recession.
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Original Source: feeds.reuters.com
24 October, 2008| massmedia |
Comments (0) @ 22:30
BEIJING (Reuters) - Asian and European leaders gathered for the second day of a 43-nation summit on Saturday with the Herculean task of propping up the confidence of panic-stricken markets fearful of a worldwide recession.
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Original Source: feeds.reuters.com
24 October, 2008| massmedia |
Comments (0) @ 20:01
SYDNEY (Reuters) - Energy firm BG Group will buy Australian coal seam gas firm Queensland Gas Co in a deal worth up to A$5 billion (1.9 billion pounds), The Australian Financial Review reported on Saturday.
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Original Source: feeds.reuters.com
24 October, 2008| massmedia |
Comments (0) @ 19:18
LONDON (Reuters) - Aviva is reconsidering the terms of a planned 1 billion pound payout to with-profit policyholders, according to the Times.
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Original Source: feeds.reuters.com
24 October, 2008| massmedia |
Comments (0) @ 17:48
LONDON (Reuters) - Insurer Friends Provident is to start a demerger of its controlling interest in fund manager F&C, the Financial Times reported on Saturday.
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Original Source: feeds.reuters.com
24 October, 2008| massmedia |
Comments (0) @ 17:46
DETROIT/PARIS (Reuters) - General Motors Corp intensified talks to acquire Chrysler LLC on Friday amid a worsening global auto downturn that forced deep cuts of salaried jobs at Chrysler and a warning from France’s PSA Peugeot Citroen .
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Original Source: feeds.reuters.com
24 October, 2008| massmedia |
Comments (0) @ 16:25
NEW YORK (Reuters) - Stock markets tumbled around the world on Friday as investors fearing a long and deep worldwide recession dumped risky assets far and wide, sending currencies into a tailspin and oil down sharply.
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Original Source: feeds.reuters.com
24 October, 2008| massmedia |
Comments (0) @ 15:56
LONDON (Reuters) - The pound’s sharp fall against the dollar on Friday after British output shrank for the first time in 16 years is not a condemnation of the country’s economic policy, a junior finance minister said.
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Original Source: feeds.reuters.com
24 October, 2008| massmedia |
Comments (0) @ 15:46
NEW YORK (Reuters) - U.S. stocks dropped on Friday in a worldwide sell-off with investors cashing out of stocks as signs mounted that the global economic slowdown could be deeper than feared and the corporate profit outlook darkened.
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Original Source: feeds.reuters.com
24 October, 2008| massmedia |
Comments (0) @ 13:40
NEW YORK (Reuters) - Stock markets tumbled around the world on Friday as investors fearing a long and deep worldwide recession dumped risky assets far and wide, sending currencies into a tailspin and oil down sharply.
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Original Source: feeds.reuters.com
24 October, 2008| massmedia |
Comments (0) @ 13:13
The financal services company found a good use for its government bailout funds….
Original Source: www.forbes.com
24 October, 2008| massmedia |
Comments (0) @ 12:20
U.S. government bonds point to a new rate cut but also inflation fears….
Original Source: www.forbes.com
24 October, 2008| massmedia |
Comments (0) @ 12:20
Global stock markets fall back, as fears grow among investors of a sustained worldwide economic recession….
Original Source: news.bbc.co.uk
24 October, 2008| massmedia |
Comments (0) @ 12:08
Global share markets fall back, as fears grow among investors of a sustained worldwide economic recession….
Original Source: news.bbc.co.uk
24 October, 2008| massmedia |
Comments (0) @ 12:08
DETROIT/PARIS (Reuters) - A worsening global auto downturn has forced deep salaried job cuts at Chrysler, where merger talks with General Motors intensified on Friday, and a warning at France’s PSA Peugeot Citroen .
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Original Source: feeds.reuters.com
24 October, 2008| massmedia |
Comments (0) @ 12:05
NEW YORK (Reuters) - Oil dropped more than $4 a barrel on Friday as gloom about a global economic downturn sapping fuel demand took the steam out of an OPEC agreement to cut output.
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Original Source: feeds.reuters.com
24 October, 2008| massmedia |
Comments (0) @ 11:16
LONDON (Reuters) - The economy shrank 0.5 percent in the third quarter of 2008, much worse than expected and the first contraction in 16 years, official data showed on Friday, making a recession all but inevitable.
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Original Source: feeds.reuters.com
24 October, 2008| massmedia |
Comments (0) @ 11:03
PNC’s takeunder of National City is just the first deal as the government picks winners and losers….
Original Source: www.forbes.com
24 October, 2008| massmedia |
Comments (0) @ 10:58
Global share markets fall sharply, as fears grow among investors of a sustained worldwide economic recession….
Original Source: news.bbc.co.uk
24 October, 2008| massmedia |
Comments (0) @ 10:23
REYKJAVIK (Reuters) - Crisis-struck Iceland called on the International Monetary Fund for $2 billion (1.26 billion pounds) in aid on Friday to help fix a broken banking system, restart currency trading and soften the blow from a withering economic downturn.
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Original Source: feeds.reuters.com
24 October, 2008| massmedia |
Comments (0) @ 10:02
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