User: newstrust Topic: US Economy
Category: Recession
Last updated: Feb 25 2020 01:27 IST RSS 2.0
 
49,048 to 49,067 of 49,090    
Stocks drop sharply as subprime woes deepen 12.1.2008 International Herald Tribune: Front Page
Stocks dropped on Friday as a familiar scourge - losses stemming from subprime home loans - struck two prominent players in the financial industry.
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Europe struggles to avoid effects of a U.S. downturn 12.1.2008 International Herald Tribune: Front Page
A growing number of economists feel that Europe is not as insulated from America's woes as many Europeans would like to believe.
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Fed pledges to act to counter market turmoil 12.1.2008 Earth Times
NEW YORK (Reuters) - Federal Reserve officials on Friday said falling home prices and financial market turmoil are big risks to the U.S. economy but pledged that the central bank would not shrink from taking bold steps to support ...
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Europe and U.S. Diverge on Rate Prospects 12.1.2008 NY Times: Business
As the Fed signaled it would likely cut interest rates, the U.S. central bank and its European counterpart are showing diverging readings of the economic tea leaves.
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Who's the winner: Countrywide or Bank of America? 12.1.2008 International Herald Tribune: Business
Bank of America may eventually realize a profit by buying and then turning around the troubled mortgage lender. But the bank has lost big with recent investments -- in terms of its reputation.
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For Singapore Airlines, an awkward mishap with its new Airbus A380 12.1.2008 International Herald Tribune: Business
The carrier's new, $300 million Airbus A380 took an unexpected roll into the grass - its first misstep since entering service barely three months ago.
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Rolls Royce Group to slash 2,300 jobs 12.1.2008 International Herald Tribune: Business
The company is seeking to help counter the effects of higher raw-material expenses and the weaker dollar.
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Chrysler and Nissan move toward alliance 12.1.2008 International Herald Tribune: Business
Nissan will supply Chrysler with a small car to be sold in South America, as the two companies explore further "product-sharing opportunities."
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Stocks slide amid subprime woes 12.1.2008 International Herald Tribune: Business
Stocks dropped sharply as a familiar scourge - losses stemming from subprime home loans - struck two prominent players in the financial industry.
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Chrysler and Nissan in production deal 12.1.2008 International Herald Tribune: Business
Chrysler and Nissan of Japan took the first step toward a possible broader alliance Friday, reaching agreement for Nissan to supply Chrysler with a small car to be sold in South America.
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U.S. trade deficit widens 12.1.2008 International Herald Tribune: Business
Record oil prices widened the deficit in November as the cost of imported petroleum outpaced a modest rise in exports.
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Huge underwater oil discover transform Brazil into a major future petroleum exporter 12.1.2008 International Herald Tribune: Business
The new oil, along with refining projects under way by Petrobras, could eventually make Brazil a larger exporter of gasoline as well, adding to supplies in the United States and other countries.
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Northern Rock sells part of mortgage portfolio to JPMorgan 12.1.2008 International Herald Tribune: Business
Friday's news of the first major asset sale since the bank's near collapse sent Northern Rock's volatile shares as much as 10 percent higher in London trading.
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UBS sees another 'difficult' year for financial services 12.1.2008 International Herald Tribune: Business
The bank urged shareholders to approve a plan to raise $11.8 billion in new capital from the government of Singapore and unnamed Middle Eastern investors.
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A tea connoisseur who wants to spread the knowledge widely 12.1.2008 International Herald Tribune: Business
François-Xavier Delmas founded Le Palais des Thés with a group of friends and an idea: bring more and better tea to coffee-loving Paris.
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American Express leads U.S. stocks lower 12.1.2008 International Herald Tribune: Business
Investors' concern about increasing losses at major financial companies and the impact on the economic outlook contributed to sharp declines in Asian and European stock markets as well.
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Northern Rock selling £2.25 billion in mortgages to JPMorgan 12.1.2008 International Herald Tribune: Business
The troubled British lender said it would use the proceeds to pay off part of the £25 billion in emergency funding it has received from the Bank of England.
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Bernanke sees bleak outlook for U.S. economy 12.1.2008 International Herald Tribune: Front Page
The chairman of the Federal Reserve has strongly suggested that the Fed would cut interest rates to head off recession.
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Write-down at Merrill Lynch may hit $15 billion 12.1.2008 International Herald Tribune: Front Page
Merrill Lynch is expected to suffer $15 billion in losses stemming from soured mortgage investments, almost double its original estimate.
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Bank of America agrees to acquire troubled lender 12.1.2008 International Herald Tribune: Front Page
The deal to acquire Countrywide Financial would be worth slightly more than $4 billion in Bank of America stock.
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