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Oil dips below US$50 a barrel on deepening worries world economy is tanking (Canadian Business) |
| NEW YORK - The headline price of crude oil has dipped below US$50 a barrel as anxiety intensifies about the global economy. Crude briefly went as low as US$49.91 a barrel on the New York Mercantile Exchange, trading later in the morning at US$50.40, down $3.22 on the day. |
11/20/2008 09:53 AM
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Automakers plead for funds to avoid 'collapse' of US economy (AFP via Yahoo! News) |
| US automakers return to Capitol Hill Wednesday hat in hand a day after warning lawmakers that the economy faced a "catastrophic collapse" if the government does not come through with 25 billion dollars in loans needed to keep their businesses afloat. |
11/19/2008 03:28 AM
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Oil dips below US$50 a barrel on deepening worries world economy is tanking (The Canadian Press via Yahoo! Canada News) |
| NEW YORK - The headline price of crude oil has dipped below US$50 a barrel as anxiety intensifies about the global economy. |
11/20/2008 09:35 AM
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Automakers plead for funds to prevent 'collapse' of US economy (AFP via Yahoo! News) |
| Automakers warned lawmakers Tuesday that the US economy faces a "catastrophic collapse" if the government does not come through with 25 billion dollars in loans needed to keep their businesses afloat. |
11/18/2008 11:18 PM
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Nikkei plunges nearly 7 per cent on US economy fears - Summary (EARTHtimes.org) |
| Tokyo - Japan's key Nikkei 225 Stock Average plummeted nearly 7 per cent, below the 8,000 level, Thursday as investors' concerns mounted over the US economy, particularly the Big Three automakers' financial fate. The Nikkei 225 Stock Average tumbled ... |
11/20/2008 01:54 AM
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US economy faces 'catastrophic collapse' without auto bailout: GM (AFP via Yahoo! News) |
| The US economy will face a "catastrophic collapse" if the government does not bail out the automotive industry, the head of General Motors told lawmakers Tuesday. |
11/18/2008 05:00 PM
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Fed expects contraction in US economy through mid-2009 (New Kerala) |
| Washington, Nov 20 : Federal Reserve board members believe the US economy will contract between now and mid-2009, and suggested more interest rate cuts could be necessary, according to the minutes of the central bank's October meeting that were released Wednesday. |
11/19/2008 11:45 PM
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Paulson rules out using US financial aid to help economy (AFP via Yahoo! News) |
| Treasury Secretary Henry Paulson Tuesday defended a massive financial rescue in the face of criticism from lawmakers and a top US official wanting to use it to shore up the battered economy. |
11/18/2008 03:56 PM
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Grim tidings for US Christmas shopping season (AFP via Yahoo! News) |
| There could be a nasty surprise under the tree for the US economy this Christmas. |
11/20/2008 12:43 PM
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Paulson rules out using US financial aid to help economy (AFP via Yahoo! News) |
| US Treasury Secretary Henry Paulson Tuesday ruled out using the 700-billion dollar financial bailout to shore up the battered economy, amid distress calls for help from the ailing auto industry. |
11/18/2008 12:52 PM
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