China stimulus plan boosts stocks

November 9, 2008 on 10:23 pm | In Business News | No Comments

HONG KONG (Reuters) - Asian stocks and commodity prices climbed on Monday after China unveiled a nearly $600 billion (379.2 billion pound) economic stimulus plan, one of many measures countries are undertaking to limit the economic fallout from the financial crisis.

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China stimulus plan boosts stocks

Rio cuts Australia iron output

November 9, 2008 on 10:10 pm | In Business News | No Comments

SYDNEY (Reuters) - Facing a dramatic drop off in Chinese steel production, Rio Tinto Ltd/Plc will cut iron ore shipments by up to 20 million tonnes in 2008 in hopes that industrial activity in China will improve next year.

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Rio cuts Australia iron output

HSBC reportedly may cut 600 jobs in Asia

November 9, 2008 on 8:40 pm | In Business News | No Comments

HONG KONG (Reuters) - The Asian arm of HSBC Holdings may cut 600 more staff as economic conditions worsen, Hong Kong’s Standard newspaper reported on Monday, citing unnamed sources.

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HSBC reportedly may cut 600 jobs in Asia

AIG board reported to be near approval of revised Fed plan

November 9, 2008 on 7:36 pm | In Business News | No Comments

NEW YORK (Reuters) - The board of troubled insurer American International Group Inc was Sunday night nearing approval of a revised federal bailout to replace a previous $85 billion (53.7 billion pound) rescue, according to The Wall Street Journal, citing people familiar with the …

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AIG board reported to be near approval of revised Fed plan

Study finds sales of private firms drop as credit shrinks

November 9, 2008 on 7:17 pm | In Business News | No Comments

LONDON (Reuters) - Sales of British private companies plunged in the third quarter due to the intensifying bank crisis, but deal valuations held steady as owners resisted selling out cheaply, a study released on Monday showed.

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Study finds sales of private firms drop as credit shrinks

Small manufacturers cutting workforces

November 9, 2008 on 7:08 pm | In Business News | No Comments

LONDON (Reuters) - Small and medium-sized manufacturers have cut staff for the first time in 18 months, according to a report on Monday, and more than a quarter plan to reduce headcount further as the global economy slows.

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Small manufacturers cutting workforces

Investors want transparency in derivative holdings

November 9, 2008 on 7:05 pm | In Business News | No Comments

LONDON (Reuters) - A heavyweight investor group called for greater transparency in equity and derivatives transactions ahead of a G-20 summit aimed to restore confidence in global financial markets.

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Investors want transparency in derivative holdings

New calls for U.S. Treasury to help carmakers

November 9, 2008 on 5:27 pm | In Business News | No Comments

WASHINGTON (Reuters) - There were fresh calls on Sunday for the Bush administration to help stalled U.S. automakers, but Democratic and Republican officials said taxpayers cannot repeatedly support business rescues.

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New calls for U.S. Treasury to help carmakers

China moves to boost economy

November 9, 2008 on 2:52 pm | In Business News | No Comments

BEIJING/SAO PAULO (Reuters) - China approved a huge stimulus plan on Sunday worth nearly $600 billion (383 billion pounds), part of a new global push by leading economies for measures to offset an expected recession in many countries.

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China moves to boost economy

Dot-com victim StepStone returns to LSE after 7 yrs

November 9, 2008 on 1:05 pm | In Business News | No Comments

LONDON (Reuters) - Online recruitment company StepStone, a casualty of the dot-com crash that dropped its London listing in 2001, will return to the London Stock Exchange this week, …

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Dot-com victim StepStone returns to LSE after 7 yrs

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