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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

Obama names Richardson as Commerce Secretary

CHICAGO, Dec. 3, 2008 (Reuters) — President-elect Barack Obama said on Wednesday struggling automakers have put forward a "more serious" restructuring proposal to Congress but withheld judgment on the plans until hearings are held. ...  > 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

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

Citigroup gets massive government bailout

NEW YORK, Nov. 24, 2008 (Reuters) — The U.S. rescued Citigroup Inc, agreeing to shoulder most losses on about $306 billion of the bank's risky assets, and inject new capital, bolstering investor hopes that the government will support big banks as the economy sinks into recession. ...  > 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

Citi rescue plan boosts world shares

LONDON, Nov. 24, 2008 (Reuters) — World stocks rebounded on Monday from last week's 5-1/2 year low after the U.S. government unveiled a $300 billion-plus rescue package for banking giant Citigroup, while oil slipped again on demand concerns. ...  > 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
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