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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

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

Obama says long haul ahead

LONDON, Nov. 22, 2008 (Reuters) — President-elect Barack Obama said on Saturday he was crafting a two-year plan to fight an economic crisis of "historic proportions" and Chinese leader Hu Jintao said his country was ready to play a big role in the global effort. ...  > full story

Medvedev's Venezuela, Cuba trips set to rile U.S.

MOSCOW, Nov. 20, 2008 (Reuters) — Russian President Dmitry Medvedev's visits to Venezuela and Cuba during a week-long trip to Latin America look set to irk Washington, highlighting a foreign policy challenge facing President-elect Barack Obama. ...  > full story

World leaders urge fast action on financial crisis

WASHINGTON, Nov. 16, 2008 (Reuters) — World leaders pledged rapid action on Saturday to rescue a weakening global economy from the worst financial crisis in over 70 years and agreed to give emerging nations more say in running financial affairs. ...  > full story

Global leaders to vow action to ease recession

WASHINGTON, Nov. 14, 2008 (Reuters) — World leaders vowed to work together to overhaul the financial system as they headed to Washington on Friday for a summit on wresting the global economy from recession and avoiding future meltdowns. ...  > full story

White House says G20 meeting "timely", British agree

WASHINGTON, Nov. 12, 2008 (Reuters) — The Bush administration said on Wednesday a weekend meeting of Group of 20 leaders should be able to identify some specific measures for calming anxious financial markets and said it was timely for them to meet now. ...  > full story

Obama asks bipartisan duo to meet officials at G20

CHICAGO, Nov. 12, 2008 (Reuters) — President-elect Barack Obama on Wednesday named a bipartisan duo of Washington veterans to meet foreign delegations at this weekend's global financial summit, opening communication between the next U.S. administration and its global counterparts. ...  > full story

Obama aides play down tensions with Bush

WASHINGTON, Nov. 11, 2008 (Reuters) — Aides to President-elect Barack Obama distanced themselves on Tuesday from reports that President George W. Bush had pressed Obama to back a free trade deal with Colombia in exchange for help for the struggling automobile industry. ...  > full story

Big economies eye China to help fight recession

SAO PAULO, Nov. 9, 2008 (Reuters) — The world's biggest economies turned to China on Sunday to help soften an expected recession in many countries as Beijing approved a huge stimulus plan, the latest twist in a global effort to boost growth. ...  > full story
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