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US Economy: Status Update
How long will it stumble before it recovers? Free prospectus report
EU proposes euro3.1 billion loan for Latvia (AP)
News | news.yahoo.com | 11 minutes ago
The European Commission proposed a euro3.1 billion (US$4.2 billion) loan Thursday to help Latvia out of its financial crisis. News, Headlines and Latest Stories on Yahoo! News
http://news.yahoo.com/s/ap/20090108/ap_on_bi_ge/eu_eu_latvia_loan
Rate cuts will not work, warns Sainsbury's boss as Bank prepares to go even lower
News | www.dailymail.co.uk | 36 minutes ago
The Bank of England was expected to cut interest rates to their lowest level ever - but one of Britain's top high street bosses has already declared it will not help drag the UK out of recession. The Bank of England was expected to cut interest rates to their lowest level ever - but one of
UAE markets end lower
News | www.ameinfo.com | 40 minutes ago
The Dubai Financial Market on Thursday lost 2.39% to close on 1,728. Emaar fell 7.28%, while Arabtec dropped 5.99%. In Abu Dhabi, the ADX fell 0.54% to end the day on 2,527. Sorouh gained 4.85%.
Obama: Recession could 'linger for years'
News | www.chron.com | 45 minutes ago
President-elect Barack Obama said today that the nation's recession could "linger for years" unless Congress acts to pump unprecedented sums from Washington into the U.S. economy, making his highest-profile case yet on an issue certain to define his early presidency.<a
Bank of England expected to cut interest rates
News | www.telegraph.co.uk | 51 minutes ago
The Bank of England is today expected to cut interest rates to their lowest level in more than 300 years as the bank steps up its fight to prevent a deep recession turning into a slump.
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Obama warns of dire consequences without stimulus
News | www.iht.com | 55 minutes ago
WASHINGTON: President-elect Barack Obama said Thursday that the nation's recession could "linger for years" unless Congress acts to pump unprecedented sums from Washington into the U.S. economy, making his highest-profile case yet on an issue certain to define his early presidency.
http://www.iht.com/articles/ap/2009/01/08/america/Obama-Economy.php
Banks hiring young Britons to prepare for upturn
News | uk.reuters.com | 1 hour ago
LONDON (Reuters) - Banks in Britain plan to continue to hire graduates and take on interns, while laying off thousands of more expensive employees, to ensure that an army of junior staff is available when
http://uk.reuters.com/article/domesticNews/idUKTRE5072MT20090108?feedType=RSS&feedName=domesticNews
Currencies: Sterling mixed ahead of Bank of England rate decision
News | www.marketwatch.com | 1 hour 10 minutes ago
The British pound was mixed against major currencies as traders awaited an interest-rate decision by the Bank of England’s rate-setting Monetary Policy Committee at noon local time, or 7 a.m. Eastern.
Unemployment figures in Euro zone continue to rise as economy shrinks
News | www.canadianbusiness.com | 1 hour 19 minutes ago
BRUSSELS, Belgium - Joblessness in the euro zone continued to rise in November even as the economy s
European Confidence Declines, Unemployment Increases - Bloomberg
News | www.bloomberg.com | 1 hour 25 minutes ago
Jan. 8 (Bloomberg) -- European confidence in the economic outlook fell to the lowest on record and unemployment rose to a two-year high, adding to pressure on the European Central Bank for more interest-rate cuts. An index of executive and consumer sentiment dropped to 67.1 in December from 74.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aaK0Pn.3azuQ&refer=home
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