Asian shares and oil tumble on global worries

November 12, 2008 on 11:53 pm | In Business News | No Comments

HONG KONG (Reuters) - Asian shares fell on Thursday to their lowest this month on uncertainty about whether the United States can succeed in its massive banking rescue and as Intel Corp’s revenue warning stoked corporate earnings worries.

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Asian shares and oil tumble on global worries

Oil falls to 22-month low at $55 on recession fears

November 12, 2008 on 10:36 pm | In Business News | No Comments

PERTH (Reuters) - Oil fell for a third straight day on Thursday to hit a 22-month low of $55 a barrel as …

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Oil falls to 22-month low at $55 on recession fears

Japan readies funding for IMF as gloom deepens

November 12, 2008 on 10:34 pm | In Business News | No Comments

HONG KONG (Reuters) - Japan stood ready to offer more than $100 billion (66.9 billion pounds) to emerging economies as governments scrambled to come to grips with a …

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Japan readies funding for IMF as gloom deepens

Asian shares sink on global economy fears

November 12, 2008 on 9:57 pm | In Business News | No Comments

HONG KONG (Reuters) - Asian shares sank on Thursday to their lowest this month on uncertainty about whether the United States can succeed in its massive banking rescue and a revenue warning from Intel Corp.

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Asian shares sink on global economy fears

Financial crisis biggest threat to security

November 12, 2008 on 7:17 pm | In Business News | No Comments

LONDON (Reuters) - A global economic downturn caused by the financial crisis is the biggest threat to world security because it will make many hundreds of millions of people poorer and more resentful, a think-tank report said on Thursday.

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Financial crisis biggest threat to security

Clothes shoppers abandon mid-market

November 12, 2008 on 7:16 pm | In Business News | No Comments

LONDON (Reuters) - Mid-market clothes retailers will continue to lose market share to premium stores as shoppers, who have been saturated by product choice in recent …

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Clothes shoppers abandon mid-market

Darling defends higher borrowing plans

November 12, 2008 on 6:43 pm | In Business News | No Comments

LONDON (Reuters) - Chancellor Alistair Darling has defended plans to raise public borrowing to help cope with a looming recession, although borrowing must fall in the medium term.

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Darling defends higher borrowing plans

Paulson backs off asset plan

November 12, 2008 on 4:54 pm | In Business News | No Comments

NEW YORK (Reuters) - The U.S. Treasury backed away from using a $700 billion (467 billion pounds) bailout fund to cleanse bank balance sheets of bad mortgage debt, while Europe reported more gloomy economic news, fanning fears of a worldwide recession.

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Paulson backs off asset plan

GM asks dealers to lobby for additional auto loans

November 12, 2008 on 4:38 pm | In Business News | No Comments

DETROIT (Reuters) - General Motors Corp asked all its U.S. dealers on Wednesday to urge the Congress to approve an additional loan package to help the automaker deal with its liquidity crisis, dealers briefed on the matter said.

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GM asks dealers to lobby for additional auto loans

Oil down 5 percent as forecasters slash demand outlook

November 12, 2008 on 3:47 pm | In Business News | No Comments

NEW YORK (Reuters) - Oil fell 5 percent to $56 a barrel on Wednesday as the U.S. government hacked its global demand growth forecast again due to the slumping global economy.

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Oil down 5 percent as forecasters slash demand outlook

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