Bush comments on the economy
Jul. 15 - U.S. President George W. Bush discussed the mortgage crisis, the state of the economy,...
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Asia fears economic slowdown
Asia stocks fell sharply on Tuesday with investors worried about further signs of a global credit...
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Number of US troubled banks growing
117 American banks are on an updated regulatory watch list as the credit crisis shows no sign of...
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Tourists avoid Thailand
Fresh political upheaval is driving tourists away form one of Asia's hottest tourism...
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Mortgage bailout inspires Wall St.
Investors went on the biggest stock buying spree in a month as the government bailout of Fannie...
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Asia shares fell
Asian stocks fell and government bonds rose Tuesday as investors said the U.S. takeover of Fannie...
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Paulson on the economy
Treasury Secretary Henry Paulson briefed reporters at the White House Monday after the past...
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Wall Street crisis hits campaign
The presidential campaign returned to the issue of the faltering U.S. economy --focusing on the...
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Financial crisis hits consumers
Americans are facing a new financial landscape and may be forced to make adjustments in their...
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Detroit reacts to Wall Street crisis
Auto executives at the Reuters Autos Summit fear credit will tighten as a result of Wall Street's...
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Germany says banks robust
German finance minister says U.S. facing worst financial crisis in decades but impact on Germany...
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Remaking the US Financial Landscape
The US financial system may look very different following the current crisis.
As firms...
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Bank worries spread; stocks plunge
The government's bailout of American International Group was not enough to stop speculation on...
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Raw fear hits stocks
Asia stocks plunged on Thursday with investors spooked by the unravelling global credit...
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Wall St. sizzles as gov't plan eyed
U.S. stocks surged 3 to 4 percent in the best one-day rally in six years amid signs of a...
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Can Chrysler survive the slump?
Auto executives fear Chrysler may not survive the financial crisis amid the credit crunch facing...
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Oil surges $16 in record move
Crude oil prices saw their biggest one-day move on record as White House efforts to tame the...
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Asia awaits bailout plan
Asian investors remained cautious on Thursday as they await U.S. congressional approval of a $700...
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U.S. no longer financial superpower?
Germany blames the Anglo-Saxon capitalist model for the global financial crisis and says the...
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Citigroup scoops up Wachovia
The sixth largest bank falls victim to the credit crisis, and Citigroup takes over.
Citi is...
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EU blames U.S. for credit crisis
The European Union says the U.S. must take responsibility for the current financial crisis and...
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UK Consumer confidence in turmoil
Consumer confidence in Britain is at historically low levels as falling house prices and market...
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Small Businesses Look to Small Banks for Credit
Community banks say despite the financial crisis they're still
making deals everyday. One Texas...
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Tech sector penalized
As the economic crisis takes its toll, the technology sector is also under intense pressure. ...
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Record drop for UK house prices
Investors speculate the figures increase the chance of an interest rate cut by the Bank of...
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The bailout bill debated
Members of the U.S. House of Representatives debate whether to vote to pass a $700 billion bill...
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Leaders call for European unity
European leaders call for a united front in tackling the financial crisis as divisions...
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Luxury cars losing their shine?
As top automakers warn of tough times ahead, even luxury brands are coming under...
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Focus returns to Obama vs. McCain
Both White House hopefuls are now gearing up for the final month of campaigning-- with Barack...
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Wells Fargo's bid for Wachovia
Beating out Citigroup, Wells Fargo proves its durability through the credit crisis with a deal to...
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Consumers scrimp amid meltdown
Consumers hit hard by the financial crisis are putting off big purchases, trading down, and...
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G4 leaders stop short of bailout
European leaders vow to help banks out at the end of an emergency summit in France to try to...
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Confusion over deposit guarantee
As more European banks follow Germany's lead and guarantee savers' deposits, Germany says it made...
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Iceland battles economic crisis
Iceland takes over its second largest bank and props up its battered currency, the crown, in the...
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Bernanke signals possible rate cut
In a dramatic shift, Federal Reserve Chairman Bernanke signaled a readiness to lower U.S....
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US job losses hit home
More Americans are filing for jobless benefits as the US economic crisis worsens.
More...
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Asia shares dive in global slide
Asian shares plummeted Wednesday in Wall Street's wake as worries the credit crisis would further...
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Iceland govt takes last bank
Iceland has seized control of its biggest bank Kaupthing, as it grapples to control the financial...
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China confident can weather crisis
China is "fully confident and capable" it can overcome current economic difficulties, a top...
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Workers worried by financial crisis
As European stocks tumble once again, markets turmoil is spilling over into the economy of...
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Credit crisis pressures Ford and GM
Reuters editor Patrick Fitzgibbons says that the credit crisis is putting immense pressure on US...
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G7 vows to tackle global crisis
Financial leaders from the world's richest nations vowed to use all necessary tools to address...
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G7 aims to sell financial fix
As the G7 meets to address the financial crisis, some analysts say the problem is not their...
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Bush: G7 needs coordination
U.S. President Bush said the world's major economies will stand together and do what it takes to...
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Nations Want Financial Fix, but How?
Finance leaders from around the world meeting in Washington agree
on principles to help solve a...
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China exporters woe
China's furniture exporters face tough times amid global financial crisis.
King Wood...
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Trichet Exclusive
European Central Bank President Jean-Claude Trichet told Reuters that recent government measures...
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Wealth managers shifting gears
The credit crisis and volatile stock market are taking a toll on the relationship between wealthy...
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Restructuring global finance
European leaders meeting in Brussels called for immediate action to counter the financial crisis...
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Bush: recovery will take time
U.S. President Bush warned that the recovery from the global financial crisis will take...
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Wachovia's record $23.9 loss
Wachovia has the distinction of posting the biggest quarterly loss for a banking company during...
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Bush schedules global summit
The White House will host a global summit on November 15th on the financial crisis.
Leaders...
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As the Economy Tanks, Car Dealerships Take a Hit
With an unrelenting credit crisis, breathtaking swings in the
stock market and mounting consumer...
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Crisis pounds Emerging Europe
Central bankers move to limit the damage of the global financial crisis. Hungary is exposed in...
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European stocks fall on econ fears
European shares fall as the spectre of a global downturn hit industrials, banks and...
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Cox calls for tighter regulation
Federal officials list lessons learned in testimony to Congress on the current financial...
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Hedge funds take a hit
The credit crisis has been devastating for the hedge fund industry.
Bad bets and heavy...
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Shopping out of style
Americans are putting the brakes on their shopping habit.
Shopping is a sport no more for...
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SOHO sees chance to expand.
Badly hit by financial crisis, Chinese real estate tycoon SOHO sees opportunity to take cheap...
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G20 agrees on financial action
In Brazil, finance ministers and central bank governors representing 90 percent of the world's...
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Aid package for AIG grows to $150B
The U.S. Federal Reserve announced a revised aid package to help the insurance giant at twice the...
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Bank crisis boosts social lending
Peer-to-peer lending gets new interest as banks keep a tight rein on credit.
Thanks to the...
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Asia stocks slide, yen jumps
Asian stock markets tumbled early Thursday, hit by renewed financial crisis jitters and signs the...
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China keeps shining amid crisis
Despite a drop in retail figures, Chinese jewellers insist their trade is not threatened by the...
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G20 to tackle economy
Leaders from the G20 gather in Washington this weekend, hoping to address the global financial...
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Spanish queue for cut-price housing
As the credit crisis deepens, a Spanish property developer is offering first time buyers a...
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Bush: Summit a success
President Bush hailed the economic summit a success, but said more work on global finance will be...
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Japan's recession
Japan's first recession in seven years combined with Europe's downturn, painting a grim picture...
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Dark days in Scandinavia
The Nordic region, known for its buoyant labour market, is now feeling the effects of the global...
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Paulson on defense
Treasury Secretary Paulson defended his response to the financial crisis and said the government...
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Dow jumps nearly 500 points
Wall Street ended a tough week with optimism after reports President-elect Barack Obama had chosen...
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Bush pleges new trade push
The outgoing U.S. president has told APEC leaders meeting in Peru that Washington will press for a...
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Financial crisis dominates APEC
Global financial crisis remains at the forefront of the Asia Pacific Economic Cooperation summit in...
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More downside for Asia's property
Global credit crisis hurts commercial and residential prices.
Doom and gloom forecast for...
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German business morale plunges
France's Sarkozy and Germany's Merkel discuss the financial crisis as more gloomy economic data...
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Obama promises another stimulus
President-elect Barack Obama promised to jolt the faltering U.S. economy with a costly stimulus...
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Moscow's construction crunch
The global financial crisis hits Russian construction market, resulting in the freezing of major...
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