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Reuters - Japan cut interest rates for the first time in seven years on Friday and warned severe conditions in the global economy could persist, as more central banks shift from stabilizing credit markets to slashing borrowing costs in the face of the worst crisis since...(more)
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submitted by Robby for team staff news 3 weeks 4 days 18 hours 46 minutes ago
U.S stocks fell at the opening bell but then recovered slightly in morning trading, following massive sell-offs in overseas markets as fear of a global recession deepened. The Dow Jones industrial average was down 81 points by 10:37 a.m., a drop of nearly 1 percent....(more)
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submitted by Robby for team staff news 1 week 16 hours 46 minutes ago
See how some of the main global stock indexes have fared during the financial turmoil of 2008
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submitted by Robby for team staff news 1 week 22 hours 46 minutes ago
SYDNEY, Australia (AP) -- Buoyed by a Wall Street rebound, Australia's stock market rose Friday, led by energy companies....
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AP - Chinese stocks soared Monday after the government announced a $586 billion spending package aimed at fending off the impact of the global economic slowdown.
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SEOUL, South Korea (AP) -- South Korea's benchmark stock index plummeted Thursday, snapping a five session wining streak after renewed recession fears triggered a sell-off on Wall Street. The won tumbled nearly 5 percent....
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submitted by Robby for team staff news 4 days 19 hours 46 minutes ago
Stocks fell in Europe after a summit in Washington failed to offer new remedies for the ailing global financial system and data showed that Japan’s economy fell into recession in the third quarter.
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submitted by Robby for team staff news 4 weeks 11 hours 46 minutes ago
NEW YORK (AP) -- If ever a 300-point loss on Wall Street could be a good thing, it was Friday. U.S. stock traders started the day with a nervous eye on how far stocks would have to fall before triggering emergency trading halts. They ended the...(more)
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submitted by Robby for team staff news 5 days 46 minutes ago
AFP - Share prices here fell by 0.32 percent on the FTSE 100 share index when trading began here on Monday in the first European deals after an economic crisis summit in Washington at the weekend.
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submitted by Robby for team staff news 1 week 10 hours 46 minutes ago
NEW YORK (AP) -- Precious metals and agriculture futures advanced Friday, getting a boost from a short-lived afternoon rally on Wall Street and the potential for an additional interest rate cut. Energy prices, meanwhile, slumped due to ongoing concerns over demand....
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submitted by Robby for team staff news 1 week 11 hours 46 minutes ago
NEW YORK (AP) -- Wall Street ended a turbulent week with another astonishing show of volatility Friday, with stocks plunging, recovering and then plunging again as investors absorbed another wave of downbeat economic news. Hedge fund selling in advance of a Saturday deadline contributed to the...(more)
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submitted by Robby for team staff news 1 week 18 hours 46 minutes ago
AFP - The fortunes of India's wealthiest have been slashed by more than 60 percent due to the global financial crisis which has sharply pulled down stock markets, according to a new rich list.
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