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Europe poised to cut rates as global slump deepens

TOKYO/ BEIJING, Dec. 3, 2008 (Reuters) — Central banks in Europe are poised to slash interest rates on Thursday to try to contain a global economic slump that appears to be spreading faster than policy makers in the industrialized countries had anticipated. ...  > full story

Oil falls below $46 near four year lows

SINGAPORE, Dec. 3, 2008 (Reuters) — Oil fell below $46 a barrel to near four-year lows on Thursday, extending four consecutive days of falls as continued demand worries minimized bullish draws in U.S. oil stocks. ...  > full story

Preventing possible bankruptcies driving auto aid push

WASHINGTON, Dec. 3, 2008 (Reuters) — Senate Majority leader Harry Reid wants to try to find a way to avert threatened bankruptcies in the U.S. auto industry with Detroit Three chief executives readying for a make-or-break hearing on Thursday on a $34 billion bailout request. ...  > full story

Wall Street jumps on Coke and other defensive plays

NEW YORK, Dec. 3, 2008 (Reuters) — Stocks rose for a second day on Wednesday as investors flocked to shares of Coke and other companies that hold up well in recessions following another round of disappointing economic data and corporate outlooks. ...  > full story

NATO agrees cautious re-warming of Russia ties

BRUSSELS, Dec. 2, 2008 (Reuters) — NATO agreed on Tuesday to gradually resume contacts with Russia suspended after Moscow's intervention in Georgia, and put off a decision on putting Ukraine and Georgia on formal membership tracks. ...  > full story

Saakashvili warns West on Russia ties

TBILISI, Dec. 2, 2008 (Reuters) — Georgian President Mikheil Saakashvili urged the West Tuesday not to return to "business as usual" with Russia without holding it to account for its five-day war with his country in August. ...  > full story

Car sales slide shows auto crisis worsening

MILAN, Dec. 1, 2008 (Reuters) — Car makers reported tumbling sales across Asia and Europe on Monday as the recession drove buyers from showrooms and drew a warning of more gloom next year. ...  > 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

U.S. urges continued tough Russia line over Georgia

WASHINGTON, Nov. 25, 2008 (Reuters) — Russia is still failing to meet its ceasefire obligations with Georgia and Washington's European allies must not overlook this and rush to embrace Moscow, a senior U.S. official said on Tuesday. ...  > full story

Shares fall in Europe and yen rallies broadly

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
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