WASHINGTON, Dec. 1, 2008 (Reuters) — The U.S. economy has been in a recession for a year, the nation's business cycle arbiter declared on Monday, while European leaders vowed to step up public spending to try to cushion a deepening downturn. ... > full story
NEW YORK, Dec. 1, 2008 (Reuters) — Oil plunged more than 9 percent to $49 a barrel on Monday after OPEC deferred a decision on new supply cuts at a meeting over the weekend. ... > full story
LONDON, Dec. 1, 2008 (Reuters) — World stocks ended six consecutive days of gains on Monday and oil prices tumbled, boosting flows into the low-yielding yen as data showing slumping manufacturing activity in China and Europe fanned concerns over the economy. ... > full story
LONDON, Nov. 30, 2008 (Reuters) — BHP Billiton Chief Executive Marius Kloppers will likely use the same pragmatic resolve to grapple with a collapse in metals markets that he did in ditching a mega takeover of mining rival Rio Tinto . ... > full story
SYDNEY/MELBOURNE, Nov. 26, 2008 (Reuters) — Global miner Rio Tinto Ltd said on Wednesday it was confident it could sell assets worth billions of dollars to pay down massive debt, despite concerns about a lack of buyers, a day after rival BHP Billiton Ltd dropped a bid for the firm. ... > full story
LONDON, Nov. 25, 2008 (Reuters) — European stocks fell more than 1 percent on Tuesday and the low-yielding yen rose broadly as euphoria surrounding the U.S. rescue of Citigroup gave way to concerns about sharply deteriorating major economies. ... > full story
SYDNEY, Nov. 25, 2008 (Reuters) — Global miner BHP Billiton Ltd/Plc called off its $58 billion bid for rival Rio Tinto on Tuesday, citing worsening market conditions and demands for asset sales from European regulators. ... > full story
MELBOURNE, Nov. 25, 2008 (Reuters) — Qantas Airways Ltd , Australia's flag carrier, slashed its 2009 profit forecast and said it would further cut capacity due to shrinking demand as the global financial crisis bites. ... > full story
NEW YORK, Nov. 24, 2008 (Reuters) — The U.S. rescued Citigroup Inc, agreeing to shoulder most losses on about $306 billion of the bank's risky assets, and inject new capital, bolstering investor hopes that the government will support big banks as the economy sinks into recession. ... > full story
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
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Qantas to cut some services Nov. 24, 2008 (Radio New Zealand) — Qantas says there will be some cuts to services because of the global financial crisis.. . Australia's national airline expects its pre-tax profit ...
Qantas cuts capacity Nov. 24, 2008 (The Straits Times, Singapore) — QANTAS Airways has slashed its profit forecast for the current year and will cut back on services to cope with plummeting demand because of the ...
Qantas plans flight cutbacks Nov. 24, 2008 (Australian Broadcasting Company) — Qantas says it will make changes to its timetable equivalent to grounding 10 aircraft because of the global financial crisis.. . Chief executive ...
Qantas to ground planes Nov. 24, 2008 (Melbourne Herald Sun, Australia) — QANTAS will ground 10 planes in response to lower profits and the effects of the global financial crisis.. Qantas has lowered its annual profit ...
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