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
SARAJEVO, Nov. 26, 2008 (Reuters) — Hajj Boudella's children will have to wait a while to see their father, even though a U.S. federal judge ordered his release last week from the Guantanamo Bay prison after nearly seven years. ... > full story
WASHINGTON, Nov. 25, 2008 (Reuters) — The economy has probably slipped into a recession that will last through the middle of 2009, and recovery will be slow as consumers cut spending to rebuild lost wealth, the OECD said on Tuesday. ... > full story
JOHANNESBURG, Nov. 25, 2008 (Reuters) — Zimbabwe's opposition vowed to resist any compromise that would leave it sidelined in a unity government with President Robert Mugabe's party at new talks due to start on Tuesday. ... > 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
LIMA, Nov. 24, 2008 (Reuters) — The United States, China, Japan and 18 other economies in Asia and the Americas promised fast and decisive action on Sunday to prevent a severe global economic downturn. ... > full story
LIMA, Nov. 22, 2008 (Reuters) — U.S. President George W. Bush preached a message of "free markets, free trade and free people" on Saturday at his last international summit, pledging to use his remaining time in office to work toward a successful conclusion of a global trade deal. ... > 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
LONDON, Nov. 20, 2008 (Reuters) — World stocks hit 5-1/2 year lows and oil hit 22-month troughs on Thursday on worries over bank giant Citigroup and U.S. automakers, though they trimmed losses on an increased Saudi stake in Citi and a Swiss rate cut. ... > full story
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Bush to promote action plan to deal with crisis Nov. 24, 2008 (FindLaw) — President George W. Bush, struggling to get ahead of a global financial crisis, hopes to win more converts for an action plan designed to ...
Bush urges countries to avoid protectionism Nov. 24, 2008 (FindLaw) — President George W. Bush, attending his final global summit at a time of severe financial crisis, urged other countries on Saturday not to repeat ...
Farmers Income to Be Set Back Nov. 24, 2008 (Korea Times) — Farmers are expected to see a significant drop in their annual income with the livestock industry and fruit growers hit particularly hard due to ...
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