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EU Constructing EU130 Billion Growth Package, Germany Says
The European Commission is working with the 27 EU states on a 130 billion-euro ($164 billion) package to bolster the region's economy amid recession, according to German government officials.
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Money Rates Decline in Europe on Cash Injections
The cost of borrowing in dollars for three months in London fell for a second day on speculation central-bank cash injections and deeper interest-rate reductions will further thaw the freeze in lending. 8
Central Bank Tries to Determine Interest Rates as Far as it
Occasionally I hear the odd guest on CNBC or Bloomberg Radio who lays blame for the crisis in exactly the right place - the Federal Reserve System in the U.S....or central banking more broadly. 7
Gordon Brown steps forward for UK small businesses
Yet against Gordon Brown has been forced to remind the UK banking sector of its new obligations towards small businesses and finance. 7
Bank of England gets out machete
The benchmark interest rate might have to be cut by more than 2 percentage points, the Bank of England said yesterday, after its forecasts pointed to a deepening recession. 6
Japan's `Least Ugly' Economy May Beat U.S., Europe in Crisis
Japan's newly declared recession may be a chance to show that the world's second-largest economy can finally outperform the U.S. and Europe. 6
Inflation expected to be down in Canada, U.S.
At the end of the coming week, the Bank of Canada will get an idea of how low it can go with interest rate cuts to stimulate the domestic economy, with the release of the October inflation report, while economic reports earlier in the week will g 6
Economists say recession is here, and will last
The global economy has plunged into a deep recession that may be longer than the average downturn, according to two surveys of U.S. economists that echo similar declarations from authorities in Europe and Japan. 
