Oil falls on more demand distress

November 20, 2008 on 9:25 pm | In Business News | No Comments

SINGAPORE (Reuters) - Oil tumbled to a three-and-a-half year low below $49 a barrel on Friday, nearing a $100 drop from its July …

Oil falls on more demand distress

Borrowing reported to trigger deferred tax rises

November 20, 2008 on 7:18 pm | In Business News | No Comments

LONDON (Reuters) - British annual public borrowing is set to climb towards 120 billion pounds over the next two years, forcing the finance minister to announce plans for deferred tax rises and public spending curbs in his pre-budget report, the Financial Times said on Friday.

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Borrowing reported to trigger deferred tax rises

Democrats demand U.S. Big 3 offer survival plan

November 20, 2008 on 7:13 pm | In Business News | No Comments

WASHINGTON (Reuters) - Democratic congressional leaders, seeking to salvage a bailout of the Big Three automakers, demanded executives provide a business survival plan in exchange for their support of up to $25 billion (16 billion pounds) in loans.

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Democrats demand U.S. Big 3 offer survival plan

Fannie Mae and Freddie Mac suspend some foreclosures

November 20, 2008 on 6:33 pm | In Business News | No Comments

NEW YORK (Reuters) - Fannie Mae and Freddie Mac, the two biggest U.S. home loan finance companies, on Thursday said they would suspend foreclosures of occupied homes until early 2009, as the government moves to stem the tide of home losses plaguing the economy.

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Fannie Mae and Freddie Mac suspend some foreclosures

Citigroup shares slide despite Alwaleed move

November 20, 2008 on 6:29 pm | In Business News | No Comments

NEW YORK (Reuters) - Citigroup Inc lost more than one-quarter of its market value on growing worries over whether it has enough capital to withstand billions of dollars of potential losses and despite new support from its largest individual investor.

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Citigroup shares slide despite Alwaleed move

Top Barclays investor will back fundraising plan

November 20, 2008 on 5:22 pm | In Business News | No Comments

LONDON (Reuters) - A top investor in Barclays said on Thursday it would back the bank’s controversial fundraising plan despite voicing …

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Top Barclays investor will back fundraising plan

Fannie Mae and Freddie Mac halt some foreclosures

November 20, 2008 on 5:17 pm | In Business News | No Comments

NEW YORK (Reuters) - Fannie Mae and Freddie Mac, the two biggest home loan finance companies, on Thursday said they would suspend foreclosures of occupied homes until early 2009, one of the biggest moves to date by the government to stem the tide of evictions and home losses.

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Fannie Mae and Freddie Mac halt some foreclosures

Democrats demand Big 3 offer survival plan

November 20, 2008 on 4:53 pm | In Business News | No Comments

WASHINGTON (Reuters) - Democratic congressional leaders seeking to salvage a bailout of the Big Three automakers demanded car executives provide a business survival plan on Thursday in exchange for their support for up to $25 billion (16 billion pounds) in loans.

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Democrats demand Big 3 offer survival plan

Oil drops 7 percent to 3-1/2-year low

November 20, 2008 on 3:56 pm | In Business News | No Comments

NEW YORK (Reuters) - Oil prices dropped more than 7 percent to below $50 a barrel on Thursday as a bearish U.S. jobs report intensified concerns of a long and deep global recession and further crushed fuel demand expectations.

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Oil drops 7 percent to 3-1/2-year low

Oil drops 8 percent to 3-1/2 year low

November 20, 2008 on 3:45 pm | In Business News | No Comments

NEW YORK (Reuters) - Oil dropped 8 percent to below $50 on Thursday as a bearish U.S. jobs report intensified concerns of a long and deep global recession and further crushed demand expectations.

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Oil drops 8 percent to 3-1/2 year low

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