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Retailers bring rare bright note to Wall StreetRetailers gave bulls a faint glimmer of hope as the sector helped Wall Street stocks pare losses in spite of a glut of bleak sales figures. ... |
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US auto bail-out gathers speedMembers of the US Congress gave the Big Three US automakers' request for billions of dollars in federal aid a far warmer welcome than just two weeks ago in an indication that a bail-out of Detroit may be gaining political momentum ... |
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Australia instructs workers to take a breakA day after official figures signalled that the country was moving perilously close to recession, the Australian government instructed its workforce to take a break ... |
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China lectures US on economyThe US was lectured about its economic fragilities as senior Chinese officials urged the administration to stabilise its economy, boost its savings rate and protect Chinese investments ... |
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Credit Suisse to cut 11% of staffThe Swiss bank warned it had lost a net SFr3bn in the two months to the end of November and would axe about 5,300 jobs, principally in investment banking ... |
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Economists warn on LatAm credit squeezeHuge volumes of US Treasury bonds issued as part of an effort to reverse an economic slump threaten to stop access to credit by Latin American governments facing financing needs of an estimated $250bn next year, a group of prominent economists from the region has warned ... |
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