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, 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
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
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
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
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
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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Guests for the Sunday TV news shows Nov. 24, 2008 (Press of Atlantic City) Guest lineup for the Sunday TV news shows:---ABC's "This Week" - David Axelrod, senior adviser to President-elect Barack Obama; Sens. Chuck ...
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 ...
Global financial crisis strengthening political ties: Rudd Nov. 24, 2008 (Australian Broadcasting Company) The Prime Minister Kevin Rudd says the APEC summit shows the global financial crisis is forging stronger economic and political ties between ...
Global unemployed to rise by 20 million Nov. 22, 2008 (New Zealand Herald) Unemployment worldwide is expected to rise by 20 million, as a result of the global financial crisis. . . The United Nations International Labour ...