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Economy

                   

Stocks tumble on credit, recession worry (Reuters)

yahoo.com
41 mins ago 8 related
        

NEW YORK (Reuters) - Stocks tumbled on Monday as investors feared that the widening fallout from the credit crisis will push the economy into recession. A slide of more than 3 percent in oil prices underscored concerns about...

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FTSE 100 falls 4.62 percent

iht.com
6 hrs ago 9 related
        

Britain's benchmark stock index, the FTSE 100, was down 4.62 percent in the first 15 minutes of trading Monday, following a slide in Asian markets. The FTSE fell 230.2 to 4,750.05. The worst declines were in the banking...

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yahoo.com: Reuters Deals Today yahoo.com

Guarantees, cash injections offer scant reassurance

reuters.com
6 hrs ago 6 related
        

LONDON/BERLIN (Reuters) - More European governments followed Germany's lead on Monday offering blanket deposit guarantees to savers in a frantic effort to calm fears among investors over the worst financial crisis in 80 years.

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abc.net.au: Kevin Rudd ... 'we are still cleaning up the mess of the 21st Century children of Gordon Gecko' abc.net.au

Global finance crisis a 'Gordon Gekko' mess: Australian PM

yahoo.com
9 hrs ago 6 related
        

SYDNEY (AFP) - Australian Prime Minister Kevin Rudd blamed the financial crisis on the 'greed is good' attitude of Hollywood's fictional financier Gordon Gekko, saying the world failed to learn from the 1980s.

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Big interest rate cut tipped

yahoo.com
10 hrs ago 7 related
        

Home borrowers are tipped to see the biggest rate cut in seven years on Tuesday as global financial market turmoil puts pressure on bank funding costs. But a 50 basis point rate cut from the Reserve Bank of Australia (RBA) may...

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East to West markets fall on bailout bill

upi.com
1 hr ago 20 related
        

Published: Oct. 6, 2008 at 8:56 AM NEW YORK, Oct. 6 (UPI) -- Banks and governments in Europe scrambled through the weekend to prevent further unraveling of the global financial crisis. The $700 billion bailout bill signed...

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Global Selloff Sinks Futures

wsj.com
3 hrs ago 5 related
        

Dow Jones Reprints: This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, use the Order Reprints tool at the bottom of any article...

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afp.com: afp.com

Struggling Japan PM says no snap elections now (AFP)

yahoo.com
11 hrs ago 14 related
        

by Shingo Ito 3 minutes ago TOKYO (AFP) - Japan's new Prime Minister Taro Aso on Monday brushed aside talk of an immediate election, vowing to concentrate on revitalising the ailing economy as he struggles to win over voters....

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drudgereportarchives.com: Virginia voters drudgereportarchives.com

Obama's going for the red

denverpost.com
9 hrs ago 30 related
        

The Democrat widens the playing field, visiting states that are usually Republican. By John McCormick Chicago Tribune Democratic presidential candidate Barack Obama shakes hands with supporters at a rally at Asheville High...

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Zimbabwe: Central Bank Suspends RTGS

allafrica.com
5 hrs ago 5 related
        

THE Real Time Gross Settlement payment system has been suspended for almost all transactions from today to stop it from being used by currency speculators and businesses pricing according to the "transfer exchange rate".

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