Asia stocks sink as recession fears overwhelm

November 5, 2008 on 11:47 pm | In Business News | No Comments

HONG KONG (Reuters) - Asian stocks dropped nearly 7 percent and commodity-related currencies tumbled on Thursday as more evidence the U.S. economy is shrinking made investors brace for a potentially deep and lasting global recession.

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Asia stocks sink as recession fears overwhelm

Asia stocks drop as global recession fears fly

November 5, 2008 on 10:08 pm | In Business News | No Comments

HONG KONG (Reuters) - Asian stocks fell sharply and the yen rose on Thursday, after job cuts and more evidence the U.S. economy is shrinking made investors brace for a deep and lasting global recession.

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Asia stocks drop as global recession fears fly

Judge denies Evergreen request on Barclays shares

November 5, 2008 on 8:57 pm | In Business News | No Comments

NEW YORK (Reuters) - A U.S. judge on Wednesday denied a request from solar power panel maker Evergreen Solar Inc’s that would have prevented British bank Barclays PLC from trading in 12.2 million shares of Evergreen stock.

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Judge denies Evergreen request on Barclays shares

ECB likely to make hefty rate cut

November 5, 2008 on 8:57 pm | In Business News | No Comments

FRANKFURT (Reuters) - The European Central Bank is expected to slash interest rates by 50 basis points or more later on Thursday, hoping to breathe life into the euro zone economy as it faces its first recession.

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ECB likely to make hefty rate cut

IMF approves $16.5 billion Ukraine loan

November 5, 2008 on 8:51 pm | In Business News | No Comments

WASHINGTON (Reuters) - The International Monetary Fund on Wednesday approved a $16.5 billion (10.4 billion pound) loan programme for Ukraine that includes monetary and exchange rate policy shifts to ease strains from the global financial crisis.

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IMF approves $16.5 billion Ukraine loan

Bank of England set to slash interest rates

November 5, 2008 on 8:08 pm | In Business News | No Comments

LONDON (Reuters) - The Bank of England could deliver its biggest interest rate cut in 15 years on Thursday as fears grow the Britain could be in for a long and painful recession.

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Bank of England set to slash interest rates

News Corp slashes outlook and profit dives

November 5, 2008 on 7:55 pm | In Business News | No Comments

NEW YORK (Reuters) - Rupert Murdoch’s News Corp cut its full-year forecast and posted a worse-than-expected 30 percent drop in quarterly …

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News Corp slashes outlook and profit dives

News Corp profit falls and lowers outlook

November 5, 2008 on 7:02 pm | In Business News | No Comments

NEW YORK (Reuters) - Rupert Murdoch’s News Corp cut its full-year outlook and posted a sharper-than-expected 30 percent drop in quarterly profit, as advertising revenue declined at its local …

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News Corp profit falls and lowers outlook

Obama victory met with job losses and market mayhem

November 5, 2008 on 6:40 pm | In Business News | No Comments

NEW YORK (Reuters) - Vanishing jobs and slumping markets confronted Barack Obama on the first day after his historic election as U.S. president, escalating pressure for urgent action to curb the world’s relentless financial crisis.

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Obama victory met with job losses and market mayhem

Obama victory met with urgent calls and feeble market

November 5, 2008 on 4:37 pm | In Business News | No Comments

NEW YORK (Reuters) - U.S. President-elect Barack Obama stepped into his new role on Wednesday facing calls for urgent action to stem the global financial crisis as he was hit with gloomy news about U.S. jobs and the service sector.

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Obama victory met with urgent calls and feeble market

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