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11/20/2008 04:16 AM |
| Recession fears hit stock markets |
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European and Asian markets fall sharply amid growing concerns that the world economy will enter a protracted slump.
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11/20/2008 04:28 AM |
| Peugeot Citroen cuts 2,700 jobs |
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French car company Peugeot Citroen announces plans to shed 2,700 jobs because of falling demand in Europe.
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11/20/2008 03:11 AM |
| Rolls-Royce plans 2,000 job cuts |
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Aircraft engine maker Rolls-Royce says it plans to cut up to 2,000 jobs in 2009, including 140 in the UK.
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11/20/2008 02:20 AM |
| IMF approves $2.1bn Iceland loan |
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The International Monetary Fund approves a $2.1bn (£1.4bn) loan for Iceland, after its banking system collapsed in October.
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11/20/2008 03:27 AM |
| Microsoft ends Yahoo buyout talks |
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Microsoft's boss tells the firm's annual general meeting that it is no longer looking to buy Yahoo.
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11/19/2008 04:49 PM |
| US car bail-out compromise sought |
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US politicians are looking for a compromise plan to aid the country's crisis-ridden car industry.
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11/19/2008 05:30 PM |
| US consumer prices in record fall |
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US consumer prices dropped by a record 1% in October, sending stockmarkets lower on renewed recession fears.
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11/19/2008 02:47 PM |
| Government agrees Alitalia sale |
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The Italian government agrees to sell the bankrupt airline Alitalia to a business consortium, paving the way for a relaunch.
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11/19/2008 04:55 AM |
| Opec 'lost $700bn on cheaper oil' |
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Opec members have lost about $700bn (£467bn) because of falling oil prices, the cartel's president says in an interview.
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11/18/2008 10:44 AM |
| Shop till you prop up the economy, Taiwan residents told |
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Taiwan's prime minister announces a cash handout for all residents in a bid to try to stave off economic crisis.
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11/17/2008 07:52 AM |
| Cancel that Ferrari order! Top banks axe bonuses for their executives |
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UBS and Goldman Sachs will not pay bonuses to their top executives in 2008, the banking giants reveal.
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07/01/2005 10:38 AM |
| Guidelines for financial journalists |
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11/19/2008 07:27 PM |
| Broke, not dim |
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Some carmakers struggle while others grow
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11/18/2008 06:45 PM |
| Syrian business |
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Long-isolated Syria warms to tourism in Damascus
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11/18/2008 06:45 PM |
| Downturn survival |
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Martha Lane Fox tells entrepreneurs how to survive
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11/19/2008 12:10 PM |
| Big gamble? |
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Peru hitches its wagon to China's economic motor
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11/18/2008 05:55 AM |
| The Box |
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The BBC-branded container prepares to leave Shanghai
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11/17/2008 07:13 PM |
| Cash-strapped |
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Small firms in India come under pressure
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11/19/2008 05:38 AM |
| Bank hints at further rate cuts |
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Expectations of another rate cut rise after the release of minutes from the Bank of England meeting which slashed rates to 3%.
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11/19/2008 06:33 PM |
| US shares plunge to five-year low |
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Wall Street plunges more than 5% on Wednesday to its lowest level in over five years on rising economic worries.
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11/20/2008 04:43 AM |
| Downturn hits newspaper profits |
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The publisher of the Daily Mail reporta a 9% fall in full-year profit, while competitors announce a pay freeze and job cuts.
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11/19/2008 07:35 PM |
| RBS shareholders vote on bail-out |
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Shareholders of the Royal Bank of Scotland will vote later on Thursday on whether to accept a £20bn government bail-out.
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11/19/2008 08:16 AM |
| Daewoo leases African plantation |
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South Korean firm Daewoo says it is leasing a vast tract of land in Madagascar, which will produce half of its corn supply by 2023.
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10/22/2008 01:05 PM |
| African free trade zone is agreed |
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The leaders of three African trading blocs agree to create a free trade zone of 26 countries with a GDP of $624bn (£382.9bn).
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11/18/2008 08:33 PM |
| US car companies seek $25bn aid |
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The bosses of the three biggest US carmakers, Ford, GM and Chrysler ask Congress for a $25bn bail-out.
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11/18/2008 04:21 PM |
| United Airlines win union ruling |
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United Airlines wins an injunction against a pilots' trade union stopping it taking industrial action against the airline.
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11/19/2008 03:17 AM |
| Mazda buys own shares from Ford |
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Japan's Mazda Motor spends 17.8bn yen to buy back almost 7% of its shares from troubled US carmaker Ford Motor.
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11/19/2008 02:40 AM |
| Global liquidity crisis 'is over' |
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The head of Japan's leading brokerage, Nomura Holdings, suggests that the global liquidity crisis is over.
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11/19/2008 11:54 AM |
| Falling demand hits BASF profit |
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The world's largest chemicals firm, BASF, reduces its profit forecast and says it will cut production because of a huge fall in demand.
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11/19/2008 10:38 AM |
| Spain 'to slide into recession' |
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Spain is likely to slip into recession in the fourth quarter and stay there into 2009, the Bank of Spain governor says.
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11/18/2008 07:09 AM |
| Global gloom depresses oil price |
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The price of oil drifts below $55 a barrel, amid increasing worries over falling demand and slowing global growth.
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11/10/2008 07:50 AM |
| Emirates profit sinks on oil cost |
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Emirates Airline reports a 88% drop in its net profit for half a year to 30 September on higher oil prices.
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11/15/2008 05:43 AM |
| Pakistan asks IMF for rescue loan |
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Pakistan has asked the International Monetary Fund for a loan of at least $7.6bn, its top economic adviser says.
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11/13/2008 10:42 AM |
| Tata Group cools expansion plans |
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Indian conglomerate Tata Group says it will cut down on acquisitions because of increasing problems in raising capital.
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