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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

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

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

Foreclosures up 25 percent: RealtyTrac

NEW YORK, Nov. 13, 2008 (Reuters) — Foreclosure activity in October rose 25 percent from a year earlier, although filings in California fell by double-digit percentage points for the second consecutive month due to a state law slowing the foreclosure process, according to a monthly report by RealtyTrac. ...  > full story

Wall St jumps on bargain hunting in volatile week

NEW YORK, Nov. 7, 2008 (Reuters) — U.S. stocks rose on Friday as bargain hunters scooped up shares at multiyear lows after a big drop in the October payrolls was less dire than feared. ...  > full story

Black Americans celebrate Obama's victory

ATLANTA, Nov. 5, 2008 (Reuters) — In churches and bars, on the street and in their homes, African Americans celebrated Barack Obama's historic presidential election victory on Tuesday with tears, horn blasts and shouts of joy. ...  > full story
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