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U.S. and Europe propose financial summits
October 18, 2008 on 9:56 pm | In Business News | No CommentsCAMP DAVID, Maryland (Reuters) - U.S. and European leaders on Saturday proposed a series of world summits on the global financial crisis, with President George W. Bush to host the first gathering after the November presidential election.
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U.S. and Europe propose financial summits
Spanish banks face income hit and restructuring
October 18, 2008 on 9:39 pm | In Business News | No CommentsMADRID (Reuters) - Rising loan defaults, slowing business and higher financing costs are likely to hurt Spanish bank income and lead to restructuring, bank leaders said in a television programme broadcast on Saturday.
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Spanish banks face income hit and restructuring
SEC head calls for transparency on credit default swap
October 18, 2008 on 9:26 pm | In Business News | No CommentsNEW YORK (Reuters) - SEC Chairman Christopher Cox has called on Congress to pass legislation that would make so-called credit default swaps more transparent, including requiring that dealers in over-the-counter swaps publicly report their trades and the trades’ value.
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SEC head calls for transparency on credit default swap
Bush to host financial summit
October 18, 2008 on 8:05 pm | In Business News | No CommentsWASHINGTON (Reuters) - U.S. President George W. Bush announced on Saturday he would host a global summit on the financial crisis, signing on to European proposals to coordinate strategy amid the biggest economic debacle since the Great Depression.
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Bush to host financial summit
IMF investigates director over affair
October 18, 2008 on 7:37 pm | In Business News | No CommentsWASHINGTON (Reuters) - The International Monetary Fund said on Saturday it was investigating whether its chief Dominique Strauss-Kahn abused his power in an affair with a subordinate who has since left the global institution.
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IMF investigates director over affair
FBI resources limited for economic probes
October 18, 2008 on 6:31 pm | In Business News | No CommentsNEW YORK (Reuters) - The FBI, after years spent focussing on national security, is struggling to find agents and resources to investigate wrongdoing tied to the country’s economic crisis, The New York Times reported in Sunday editions.
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FBI resources limited for economic probes
Chavez says $80-$90 oil enough for Venezuela
October 18, 2008 on 6:28 pm | In Business News | No CommentsCARACAS (Reuters) - Oil priced at $80-$90 a barrel is more than enough for Venezuela, President Hugo Chavez said on Saturday, days before an emergency OPEC meeting where the group is set to agree to cut supply to stem crashing prices.
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Chavez says $80-$90 oil enough for Venezuela
UK may fast-track public spending
October 18, 2008 on 5:49 am | In Business News | No CommentsLONDON (Reuters) - The government is drawing up plans to fast-track billions of pounds of public spending on building projects to give an emergency boost to its economy as it heads into an expected recession in 2009, the Financial Times said.
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UK may fast-track public spending
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