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Economy & Trade
Existing Home Sales Rise On Lower Prices
October 29, 2008, 6:51 amIn a development that bucks existing economic trends, U.S. existing home sales took a surprise jump in September as home buyers took advantage of lower real estate prices.
U.S. Job Woes Expected to Continue
October 28, 2008, 8:27 pm
Unemployment rates remain low in latest numbers.
Recession Fears Haunt Markets
October 26, 2008, 9:15 pm
Fears of a deep global recession dominated investor sentiment as financial markets in the Asia-Pacific region began to reopen on Monday after last week’s worldwide slide in [...]
Greenspan ‘Shocked’ at Credit System Breakdown
October 23, 2008, 5:54 pm
Former U.S. Federal Reserve Chairman Alan Greenspan told the U.S. Congress he is “shocked” at the credit breakdown and that he was “partially” wrong to resist regulation of [...]
What Caused the Financial Crisis?
October 23, 2008, 1:24 pm
Business commentary explores possible reasons for the economic crisis.
Automakers Fear Bleak 2009 as Demand Plunges
October 23, 2008, 11:10 am
Automakers in Europe and South Korea forecast bleak times as U.S. firms began a round of closures and job cuts.
Fed Offers $600 Billion for Money Market Funds
October 22, 2008, 12:49 pm
The U.S. Federal Reserve on Tuesday announced a new plan to buy up to $600 billion from money market funds in an effort to unfreeze the short-term lending market.
Moving Wall Street to Washington
October 22, 2008, 12:47 pm
Market intervention by U.S. and foreign governments show changes in the global financial environment.
Beaujolais Winemakers Want to Lose Plonk Image
October 19, 2008, 10:48 am
Makers of vintage wine from France’s Beaujolais region have launched a campaign to improve their image.
Oil Down, OPEC Hawks Expect Supply Cut
October 17, 2008, 4:16 pm
OPEC will meet next Friday to discuss possible oil supply cuts.
