Archive for November 16th, 2008

Stocks likely to be volatile again this week (AP)

Sunday, November 16th, 2008
AP - The stock market is trying to form a bottom, but the economic landscape keeps changing.
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Iceland, EU states draw up plan to rescue British savers (AFP)

Sunday, November 16th, 2008
AFP - Iceland and a group of EU countries have agreed on a negotiating framework to settle a banking row between the island and Britain over compensating savers, the government in Reykjavik said Sunday.
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Financial overhaul added to Obama's to-do list

Sunday, November 16th, 2008
WASHINGTON (AP) - Barack Obama isn't president yet, but his must-do list just got longer. The newest addition to the lengthy list of tasks after taking office: helping oversee the overhaul of the world's financial regulatory system.
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Iceland, EU states draw up plan to rescue savers (AFP)

Sunday, November 16th, 2008
AFP - Iceland and a group of EU countries have agreed on a negotiating framework to settle a row over compensating British savers, the government in Rejkjavik said Sunday.
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The IMF in focus

Sunday, November 16th, 2008
By Jeremy Lemer, Fang Wang, Alan Beattie and Cleve Jones This weekend the leaders of the world’s largest economies will meet in Washington to discuss how to prevent a global depression and how to reform the global financial system.
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OPEC head: oil production cuts unlikely this month

Sunday, November 16th, 2008
ALGIERS, Algeria (AP) - More oil output reductions aren't likely this month because OPEC members haven't yet fully enforced previous quotas and the organization needs more data before it reaches a decision, the cartel's president said Sunday.
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Senator Shelby Opposes $25 Billion to Aid Automakers (Update1)

Sunday, November 16th, 2008
By Jeff Bliss Nov. 16 (Bloomberg) -- US automakers should not get $25 billion in proposed federal loans to save them from possible bankruptcy, Senator Richard Shelby, the top Republican on the Banking Committee, said.
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RPT-US auto bailout support battle heats up

Sunday, November 16th, 2008
WASHINGTON, Nov 16 (Reuters) - A key Republican Senator said on Sunday it was "pretty clear" a $25 billion bailout proposal for US automakers will fail in the US Senate, while Democrats argued saving the industry was critical to the US economy.
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Aso touts Japan's summit role

Sunday, November 16th, 2008
WASHINGTON--Prime Minister Taro Aso emphasized Saturday that Japan's proposal to boost the capital of the International Monetary Fund was reflected in the declaration issued at the end of a two-day meeting of the Group of 20 industrialized and ...
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US auto sector bankruptcy would devastate: GM CEO

Sunday, November 16th, 2008
DETROIT (Reuters) - US auto industry bankruptcies would have a devastating impact on the domestic economy, many times larger than the aid automakers seek, General Motors Corp (GM.
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