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Economic Integration


1 to 10 of 13 stories over past 30 days    view more

U.S. in recession, Europe backs spending hikes

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

Oil drops 9 percent to $49 as OPEC defers cuts

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

World stocks headed toward 6th session of gains

LONDON, Nov. 28, 2008 (Reuters) — Global stocks headed toward a sixth consecutive session of gains on Friday, although European shares were weak, as investors took some comfort from government moves to stimulate a deteriorating world economy. ...  > full story

APEC leaders commit to quick economic action

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

Bush pledges final hard push for Doha round

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

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

Top central bankers say ready for more action

FRANKFURT, Nov. 14, 2008 (Reuters) — Global central banks are ready to take further steps to ease market tensions and bolster faltering economic growth, top policymakers said on Friday, as world leaders gathered for talks on the economic crisis. ...  > full story

OECD sees recession hitting, urges stimulus moves

PARIS, Nov. 13, 2008 (Reuters) — The Organization for Economic Cooperation and Development slashed its economic output forecasts for the United States, Japan and euro zone on Thursday and said the 30-nation OECD area appeared to have entered recession. ...  > full story

China move spurs equity, commodity gains

LONDON, Nov. 10, 2008 (Reuters) — World stock and commodity markets surged on Monday in reaction to China's plan to spend nearly $600 billion on stimulating its economy as G20 finance ministers pledged to do what is needed to revive financial markets. ...  > full story

Grim reality hits global stocks

LONDON, Nov. 6, 2008 (Reuters) — European stocks followed Asia into sharp declines on Thursday and oil extended losses as weak U.S. data intensified fears about the impact of recession in major economies hit by the worst financial crisis in 80 years. ...  > full story
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