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
CAIRO, Nov. 29, 2008 (Reuters) — OPEC on Saturday deferred a decision on a new oil supply cut amid signs that Saudi Arabia and its Gulf allies are demanding tighter adherence to restraints put in place over the past two months. ... > 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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Dollars & Sense Nov. 29, 2008 (Modesto Bee, California) — MELAMINE SAFETY LEVELS ESTABLISHED. . Federal regulators set a safety threshold Friday for the industrial chemical melamine that is greater than ...
OPEC says oil price will not rebound until mid-2009 Nov. 29, 2008 (Yahoo! News) — OPEC predicted on Saturday that world oil prices would not rebound until mid-2009, after the cartel left its output unchanged at a consultative ...
OPEC defers decision on production cut Nov. 29, 2008 (Dallas Morning News) — Venezuelan Oil Minister Rafael Ramirez said the Organization of Petroleum Exporting Countries is trying to find the right balance after the group ...
Saudi Index Soars After King's Comme... Nov. 29, 2008 (FOX 35 Orlando (WOFL)) — The Saudi stock market has soared 9.51 percent after the king described the economy as stable in the face of the global market meltdown. . . The ...
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