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Stocks drop 3 percent on jobs and energy

NEW YORK, Dec. 5, 2008 (Reuters) — The Dow and S&P 500 fell by 3 percent on Friday, as a bleak jobs report showed a further deterioration of the U.S. economy. ...  > full story

Grim jobs data throws focus back on central banks

NEW YORK/LONDON, Dec. 5, 2008 (Reuters) — The U.S. economy hemorrhaged more than half a million jobs in November, data showed on Friday, underscoring the depth of a global recession that this week prompted historic interest rates worldwide. ...  > full story

China, U.S. pledge cooperation after "robust" talks

BEIJING, Dec. 5, 2008 (Reuters) — China and the United States pledged on Friday to boost efforts to tackle the turmoil engulfing global markets and to continue high-level cooperation when President-elect Barack Obama takes office. ...  > full story

Oil falls towards $42 after weak U.S. jobs data

LONDON, Dec. 5, 2008 (Reuters) — Oil fell toward $42 a barrel on Friday, sinking to its lowest level since January 2005, after a U.S. government report showed more than half a million Americans lost their jobs last month. ...  > full story

U.S. expects hard North Korea talks

SINGAPORE, Dec. 5, 2008 (Reuters) — Top U.S. nuclear envoy Christopher Hill said on Friday he expects difficult six-party talks next week on North Korea's nuclear disarmament and that more work needs to be done to iron out verification details. ...  > full story

Bailout still faces challenges: Paulson

BEIJING, Dec. 5, 2008 (Reuters) — The United States has made clear progress in steadying its financial system, thanks in part to a $700 billion bailout fund authorized by Congress, but the rehabilitation process still faces many challenges, Treasury Secretary Henry Paulson said on Friday. ...  > full story

U.S. sees way forward on N.Korea nuclear talks: Hill

TOKYO, Dec. 2, 2008 (Reuters) — The top U.S. negotiator for multilateral talks on ending Pyongyang's nuclear program said on Tuesday he saw a way forward at the next meeting, but details on verification must still be clarified. ...  > full story

Hundreds of South Koreans leave North before clampdown

SEOUL, Nov. 30, 2008 (Reuters) — Hundreds of South Koreans streamed out of the communist North at the weekend, expelled from a joint industrial enclave by Pyongyang in anger at the hardline policy of the conservative leader in the South. ...  > full story

Trains between Koreas stop, North restricts border

PAJU, South Korea, Nov. 28, 2008 (Reuters) — A cargo train between North and South Korea and tours from the South to the communist state stopped on Friday under a border clampdown called for by Pyongyang in anger at the conservative government in Seoul. ...  > full story

China calls off EU summit over Dalai Lama visit

BRUSSELS, Nov. 26, 2008 (Reuters) — China, angry at plans for Tibet's spiritual leader the Dalai Lama to visit Europe, has called off a summit with the European Union next Monday which may have forged a joint response to the global economic crisis. ...  > full story
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