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- (Reuters) - The U.S. government has launched an unprecedented array of actions to salvage the economy and stabilize the financial sector that could put up to $10.903 trillion of taxpayers' money at risk. However, much less has been disbursed and a ...
- HONG KONG - World stock markets dropped for a second day Wednesday, with Tokyo and Hong Kong tumbling about 3 per cent, after a dismal start to the U.S. earnings season dampened hopes that the worst of the economic slump is over. Investors in Asia ...
- BEIJING, April 8 -- China is to build some 2,000 county-level hospitals to ensure each county would have at least one hospital in compliance with national standards, according to a three-year action plan on health care reform released Tuesday. Under ...
- Most ministries and government offices will have to work with less or the same amount of funds that they spent last year, while a huge jump in debt servicing costs and key civil servants - police and teachers - pay have eaten away $12 billion from ...
- MANILA - THE Asian Development Bank expanded its trade financing program Wednesday to US$1 billion (S$1.5 billion) or nearly double the amount last year - a move that could generate up to US$15 billion in much-needed trade support for Asia by the end ...
- NEW YORK (CNNMoney.com) -- Stocks slumped Wednesday, with the Dow down more than 500 points, as weak earnings and slumping oil prices amplified fears of a global recession. Global markets slumped. The dollar rallied versus the euro and fell against ...
- - In his weekly look at interest rates from the CME trading floor, www.ONN.tv currency analyst and "Mark2Market" host Kevin Cook spoke with Ten Year Treasury Note option trader Frank Serrino of Progeny Trading. Serrino noted the two big trends ...
- SINGAPORE: Oil majors like Shell and Total may emerge unexpected winners from the global credit crisis, as their trading teams fill the void left by battered investment banks, the head of independent trader Arcadia said yesterday. And while Arcadia ...
- Oct. 22 (Bloomberg) -- Treasuries rose as a plunge in emerging-market assets and concern the global slowdown will worsen boosted demand for the safety of government debt. Ten-year notes gained for the fourth day as Argentina's planned seizure of $29 ...
- LONDON - The world's worst financial crisis in 80 years hammered emerging markets on Wednesday, prompting emergency central bank moves and calls for international help to curb investor flight. Emerging market stocks, sovereign debt and currencies all ...
- KIEV - Their leaders are at war, their country is verging on bankruptcy and the Russians are growling on their doorstep. Ukrainians have been plunged into disillusion and despair by the lethal combination as they witness the death throes of the ...
- NEW YORK (Reuters) - Hungary raised interest rates to defend its economy, Ukraine sought IMF help, currencies tumbled against the dollar, global stock markets fell and U.S. companies announced job cuts and weaker earnings on Wednesday. As the biggest ...
- After a hectic, muddy run-up to March's special election victory that gave him the 14th Congressional District seat, Foster reports an equally manic seven months of learning D.C. politics, weekly flights to and from the district and, oh yeah, trying ...
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Sept 8 - Intec Ltd
said it had suspended operations with immediate effect at its Hellyer Zinc Concentrate Project, citing several reasons, including low zinc prices and rising production costs. Sept 3 - Horsehead Corporation said it would ... - SPRINGFIELD, Ill. (AP) - State Treasurer Alexi Giannoulias on Thursday put Illinois among the first states to wade into financial sector rescues, promising to deposit up to $1 billion in the state's banks. Giannoulias told The Associated Press he ...
- MEXICO CITY (AP) - Cemex SAB, one of the world's largest cement makers, said Thursday it will cut its worldwide staff of 60,000 by 10 percent and put US$2 billion in assets up for sale as profits tanked and demand slowed amid the global financial ...
- Thursday, October 16, 2008 The Federal Reserve said the amount of commercial paper outstanding fell for the fifth straight week in the week ended Wednesday, shrinking by $40.3 billion to a seasonally adjusted $1.51 trillion. That's down from $1.81 ...
- (Reuters) - The IMF may lend Ukraine a sum ranging from $3-14 billion to shore up its financial system but has made any credit contingent on calling off a snap election, Prime Minister Yulia Tymoshenko said on Oct. 16. The IMF office in Kiev declined ...
- - Global markets fall sharply on fears of global slowdown. The pan-European FTSEurofirst 300 falls around 5.7 percent and Japan's benchmark Nikkei loses more than 11 percent. - U.S. and European Union leaders agree to meet at the weekend to prepare ...
- Oct. 16 (Bloomberg) -- Europe's central banks are intensifying efforts to jolt credit markets back to life. The Bank of England said today it will curb disclosure of emergency borrowing and reduce the penalty charged on overnight loans in a bid to ...
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