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- April 8 (Bloomberg) -- Treasuries advanced for a second day as Asian stocks followed U.S. shares lower and the Federal Reserve prepared to buy government debt. Notes gained on speculation the U.S. recession will eat into first-quarter earnings that ...
- April 8 (Bloomberg) -- Peru’s central bank will probably cut its benchmark lending rate for a third straight month today to revive economic growth amid slumping demand for the country’s commodities. The seven-member bank board, led by central ...
- The first quarter US corporate earnings reporting season has kicked off with Wall Street bracing for another dismal performance that could keep markets on tenterhooks. US aluminum giant Alcoa became the first blue chip company to report its January ...
- A plan to split the corporation into a "new" company made up of the most successful units, and an "old" one of its less-profitable units, is gaining momentum and is seen as the most sensible configuration, said another source familiar with the talks ...
- April 7 (Bloomberg) -- Siberian Services Co., the oil- drilling company whose clients include OAO Rosneft , defaulted on $100 million of bonds, the first Russian borrower to fail to repay its foreign debt this year. Siberian Services didn’t redeem ...
- NORTHHAMPTION, Mass. - April 7 - As taxes come due on April 15, taxpayers can take stock of how the federal government spent each 2008 income tax dollar: 37.3 cents went towards military-related spending, while environment, energy and science-related ...
- Rupee rises 0.8 pct on dollar inflows before sliding * State banks' dlr bids controls exchange rate-traders * Sri Lanka's growth could hit 8-yr low of 2.5 pct-cbank * Country's BOP hit deficit of $1.23 billion in '08 By Shihar Aneez and Ranga Sirilal ...
- WASHINGTON - A mining company controlled by one of Mexico's richest families has been ordered to pay Asarco an estimated $6 billion in stock and damages - money that eventually could be used to pay for the cleanup of dozens of seriously polluted ...
- HONG KONG, April 3 (Reuters) - The following is a snapshot of the Hong Kong foreign exchange and money markets in late trade on Friday. Close Morning Previous Close At 0852 GMT At 0341 GMT At 0855 GMT HK$ SPOT 7.7500/01 7.7503/04 7.7506/07 FORWARDS ...
- MUMBAI: The leaders of the world’s 20 biggest economies announced a clutch of big-ticket measures to breathe life into the world economy, battered by the sharpest downturn since the Great Depression. The G-20 leaders agreed to pump in $1.1 trillion ...
- Investors dove into stocks Thursday, extending a rally that gave the Dow Jones industrial average its best four weeks since 1933. Stocks rose across the board in heavy trading following an accounting rule change that will help banks and commitments ...
- Havana, Apr 2 (Prensa Latina) Cuban Revolution leader Fidel Castro stated that the financial crisis is not the only problem; there is another that is worse because it deals not with the production and distribution methods but with existence itself. I ...
- April 2 (Bloomberg) -- China’s leaders, increasingly concerned about the nation’s $740 billion of U.S. Treasuries, are making it easier for trading partners and consumers to do business in yuan . The People’s Bank of China has agreed to provide ...
- Lansing -- Shovels will break ground on the first Michigan road project within two weeks after Gov. Jennifer Granholm signed a bill Tuesday authorizing the state to spend $873 million of federal recovery money for hundreds of road, bridge and transit ...
- World stock markets slumped Wednesday as disappointing U.S. corporate earnings fueled pessimism about the global economy and Argentine plans to nationalize the country's private pension funds roiled Latin American stocks. "What we're seeing is ...
- NEW YORK -- Wall Street tumbled again Wednesday as investors worried that the global economy is poised to weaken even as parts of the credit market slowly show signs of recovery. The major indexes fell more than 4 percent, including the Dow Jones ...
- NEW YORK (CNNMoney.com) -- Stocks slumped Wednesday, with the Dow down more than 500 points, as weak earnings and slumping oil prices amplified fears of a global recession. Global markets slumped. The dollar rallied versus the euro and fell against ...
- NEW YORK, Oct. 22 (UPI) -- U.S. stock indexes turned sharply lower Wednesday as corporate reports gave more signs of a U.S. economic downturn. By close, the Dow Jones industrial average lost 514.45 points, or 5.69 percent, to 8,519.21 as various ...
- Wall Street tumbled again Wednesday as investors worried that the global economy is poised to weaken even as parts of the credit market slowly show signs of recovery. The major indexes fell more than 4 percent, including the Dow Jones industrial ...
- LONDON/NEW YORK (Reuters) - Banks trimmed the rates of interest at which they lend to each other Wednesday, with three-month rates falling to the lowest in about a month, suggesting central banks have gained the upper hand in their fight against the ...
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