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Obama readies economic team as global recession fears rise

posted by strawberry 1281 days ago in USD, Fundamental, GDP made popular 1280 days ago

The economic team of US president-elect Barack Obama came into view Friday as fears mounted on the global financial crisis and more mass job cuts loomed worldwide. Reports said Obama was set to appoint New York Federal Reserve chief Timothy Geith

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US and Asian Markets Jump While Europe Stumbles

posted by milkyway 1281 days ago in USD, EUR made popular 1280 days ago

More extreme market volatility continued yesterday as the US markets jumped nearly 6.5% in late trading. Barack Obama announced that Timothy Geithner had been selected as the secretary of the Treasury.

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Falling gas prices slow Canada's inflation rate

posted by twilight 1281 days ago in CAD, Oil, Inflation made popular 1281 days ago

Echoing a steep drop in U.S. inflation rates, falling gas prices between September and October led to the largest dive in Canada's inflation rate in nearly half a century.

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German’s Car Industry May Cut 60,000 Jobs, DPA Reports

posted by xjessicax 1281 days ago in EUR, Employment made popular 1281 days ago

Germany’s car industry may cut as many as 60,000 jobs in the coming months, Deutsche Presse Agentur reported late yesterday, citing Willi Diez, president of the Automobile Economy Institute.

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Canada’s Dollar Falls for a Second Week as Oil Drops

posted by chloegurl 1281 days ago in CAD, Oil made popular 1281 days ago

Canada’s currency declined for a second straight week as the global economic slowdown pushed oil below $50 per barrel and stocks tumbled.

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APEC leaders won't raise trade barriers for the next year

posted by keiragabe 1281 days ago in CAD made popular 1281 days ago

APEC leaders have agreed not to raise any new trade barriers for the next 12 months, a key goal of Prime Minister Stephen Harper in his discussions here and with other world leaders over the last several weeks.

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Small firms: Brown’s last throw

posted by grink 1281 days ago in GBP, Fundamental, GDP made popular 1281 days ago

For Dan Scarfe, an IT entrepreneur in Windsor, times have never been better. In the past few months his software firm Dot Net Solutions, which helps businesses save money by making their IT systems more efficient, has been overwhelmed with reques

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Alistair Darling’s tax lure to end UK exodus

posted by eriathwen 1281 days ago in GBP, Inflation made popular 1281 days ago

ALISTAIR DARLING will announce tomorrow he has bowed to the threat of businesses quitting Britain by saying he will introduce a tax exemption on foreign dividends.

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Recession threatens 60,000 Scottish jobs

posted by ceronueve 1281 days ago in GBP, Fundamental made popular 1281 days ago

Scotland will face a recession so severe that it could claim up to 60,000 jobs, according to a new report.

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Scots firms adapt to beat the recession

posted by andes 1281 days ago in GBP, Fundamental, Special made popular 1281 days ago

Over the next few weeks, visitors to the estate agent Clyde Property will notice a subtle but significant change.

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Economic growth to rebound in 2010

posted by princesa 1281 days ago in GBP, Fundamental, Oil made popular 1281 days ago

Morgan Stanley, the investment bank, predicts that the UAE’s economic slowdown will deepen next year, with growth picking up again as part of a broad global rebound in 2010.

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Estate agents in UK facing severe job losses

posted by mintchocolate 1281 days ago in GBP, Housing, Employment made popular 1281 days ago

Tens of thousands of estate agents' jobs are at risk in the UK and the global economic downturn continues to have a severe affect on the property industry.

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