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Financial Crisis
Romania Hit by Severe Recession
Aug 13, 2009, 12:00 amInternational Monetary Fund is evaluating whether Romania has met requirements for a multi-billion dollar bailout package.
U.S. Food Stamp List Tops 34 Million for First Time
Aug 6, 2009, 11:00 amFor the first time, more than 34 million Americans received food stamps, which help poor people buy groceries.
Wall Street Drops as China Sparks Global Economy Fears
Jul 29, 2009, 3:00 pmU.S. stocks fell Wednesday as investors worried that China's banks might be poised to hit the brakes on lending.
IMF Chief Cautious on Economic Recovery
Jul 29, 2009, 12:00 pmDespite some improvement, 2009 will be a bad year for the world economy, said IMF Managing Director Dominique Strauss-Kahn.
U.S. Home Sales Signal Worst Could Be Over
Jul 27, 2009, 12:00 pmImproved home sales signaled the worst could be over for the housing market, as sales rose 11 percent in June.
Loan Losses Weigh on U.S. Banks
Jul 22, 2009, 1:00 pmBanks posted good profits, but also rising losses because of mortgage loan losses.
New ‘Rust Belt’ Grows in Eastern Europe as Crisis Bites
Jul 22, 2009, 8:00 amHeavy industries across eastern Europe may not live to see the end of the current economic crisis.
German Economy Gives Hope; UK Says No More Cash Stimulus
Jul 9, 2009, 9:00 amGermany may have already emerged from recession and Britain's central bank will not inject more cash in the economy.
World Bank Tells G8: 2009 Remains Dangerous Year
Jul 6, 2009, 9:00 amThe G8 nations should not presume a global economic recovery is near, World Bank President Robert Zoellick said.
U.S. Job Losses Spike in June, Dampen Recovery Hopes
Jul 2, 2009, 6:00 pmThe U.S. cut more jobs than expected last month and unemployment hit 9.5 percent, the highest in nearly 26 years.
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