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Confusion over deposit guarantee (06 October 06:48) |
| Oct 6 - As more European banks follow Germany's lead and guarantee savers' deposits, Germany says it made no such pledge.
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Asia stocks drop with yen surging (06 October 02:44) |
| Oct 6 - Asian stocks dropped by around 5 percent on Monday.
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MMC drives recovery road (06 October 02:03) |
| Oct 6 - Japan's Mitsubishi Motors came back from bailout, but the global credit crunch is testing the traction of that recovery.
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G4 leaders stop short of bailout (05 October 05:57) |
| Oct. 5 - European leaders vow to help banks out at the end of an emergency summit in France to try to shore up confidence in a banking system hit by the worst financial crisis since the 1930... |
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Wells Fargo's bid for Wachovia (04 October 04:08) |
| Oct. 3 - Beating out Citigroup, Wells Fargo proves its durability through the credit crisis with a deal to purchase Wachovia.
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Consumers scrimp amid meltdown (04 October 03:30) |
| Oct. 3 - Consumers hit hard by the financial crisis are putting off big purchases, trading down, and scrimping.
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Bailout passes (04 October 01:05) |
| Oct. 3 - The U.S. House of Representatives passed a revamped $700 billion financial bailout bill Friday amid increasing fears that the already sagging U.S. economy could collapse without it.... |
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Bush on bailout bill (04 October 12:48) |
| After Congress passed the $700 billion bailout bill, President Bush said he will sign the bill into law when he receives it.
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Luxury cars losing their shine? (04 October 12:17) |
| Oct. 3 - As top automakers warn of tough times ahead, even luxury brands are coming under pressure.
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The bailout bill debated (03 October 11:19) |
| Oct. 3 - Members of the U.S. House of Representatives debate whether to vote to pass a $700 billion bill to bail out banks and arrest a spreading financial crisis.
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Leaders call for European unity (03 October 10:49) |
| Oct 3 - European leaders call for a united front in tackling the financial crisis as divisions emerge.
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U.S. job cuts hit 5-1/2 year high (03 October 10:29) |
| Oct. 3 - American employers slashed payrolls for the ninth consecutive month amid turmoil in the financial markets which threatens to harm the entire economy.
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Bernanke in the spotlight (03 October 09:45) |
| Oct. 3 - Federal Reserve Chairman Ben Bernanke returns to the spotlight when he delivers an economic address on Tuesday.
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Discount supermarkets on the rise (03 October 03:07) |
| Oct 3 - Consumer research in the UK shows British shoppers are sacrificing their shopping experience to nab a bargain at supermarkets Lidl and Aldi.
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Asia stocks fall on dim outlook (03 October 02:06) |
| Oct 3 - Asian markets slid and the yen climbed on growing doubts the U.S. $700 billion financial bailout plan, even if passed by the U.S. House of Representatives, wouldn't succeed in stavi... |
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Diamonds losing their sparkle (03 October 01:40) |
| Oct 3 - The world's largest diamond trading centre sees business slowing down as the credit crunch bites harder.
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Nintendo DSi fails to wow (03 October 11:55) |
| Oct 3 - Nintendo shares fell sharply Friday after its new camera- and music-equipped DSi handheld console failed to wow investors.
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Uncertainty wreaks havoc on shares (03 October 06:12) |
| Oct 3 - Stocks at three-year low as data shows U.S. nearing recession despite vote on bailout.
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Stocks plunge on bailout doubts (02 October 11:04) |
| Oct. 2 - Wall Street headed sharply lower on Thursday after the U.S. Senate's strong passage of the $700 bank rescue plan failed to soothe nerves ahead of a re-vote in the House.
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Markets fall on U.S. recession fears (02 October 10:34) |
| Oct 2 - European markets reverse earlier gains after data from the U.S. stoked fears that the world's biggest economy was heading for a recession despite the bailout bill being passed in the... |
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Europe argues over bailout plans (02 October 10:30) |
| Oct 2 - Relief after the U.S. Senate passes a revised USD 700 billion bail out bill, but Europe is split on suggestions they should do the same.
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Drivers tighten their belts (02 October 10:15) |
| Oct 2 - Smaller cars reign at the Paris Car Show, as drivers watch their budgets and car makers worry about shrinking profits.
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Record drop for UK house prices (02 October 09:45) |
| Oct 2 - Investors speculate the figures increase the chance of an interest rate cut by the Bank of England next week.
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Asia stocks fall on U.S. doubts (02 October 02:42) |
| Oct 2 - Asian markets were on tenterhooks despite the U.S. Senate's approval of a revised bailout plan.
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Asia unexcited by bailout vote (02 October 10:43) |
| Oct 2 - The Senate's passage of a $700 billion U.S. financial bailout plan failed to boost Asian share markets early Thursday.
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Wall St. slides ahead of Senate vote (02 October 04:07) |
| Oct 1 - Credit markets showed little sign of movement of Wednesday - as the U.S. Senate prepared to vote on the $700 billion bank rescue plan.
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Credit crunch slams auto sales (02 October 03:40) |
| Oct 1 - The credit crunch has made vehicle financing hard to get in the United States, and that is choking auto sales.
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Tech sector penalized (02 October 03:32) |
| Oct 1 - As the economic crisis takes its toll, the technology sector is also under intense pressure. Concerns about a slowdown in consumer spending hurt shares of tech bell-weathers like Ap... |
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Deutsche chief calls for Europe plan (01 October 10:12) |
| Oct 1 - Germany's Deutsche Bank chief executive Josef Ackermann says Europe "should be prepared to find similar solutions" if the U.S. Senate approves a financial rescue plan.
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Wall St. frets before Senate vote (01 October 10:08) |
| Oct. 1 - Investors were nervous ahead of the U.S. Senate's Wednesday vote on the $700 billion bailout plan aimed at easing the financial crisis caused by toxic mortgage assets.
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European savers seek safety (01 October 09:27) |
| Oct 1 - As evidence emerges of consumers switching savings accounts in a flight to security, European leaders issue more assurances on the safety of bank deposits.
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Bailout hopes offset Japan tankan (01 October 02:36) |
| Oct 1 - Optimism about a new U.S. financial bailout package outweighed a weak Japanese business survey Wednesday, lifting most Asian share markets.
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Northwest: Oil, credit manageble (01 October 02:11) |
| Oct 1 - Northwest, soon to be the world's largest airline, says its flying higher than an industry plagued by still high oil prices and tight credit.
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Sentiment up on U.S. rescue hopes (01 October 05:52) |
| Oct 1 - European markets rose on hopes that a revamped U.S. bailout package would be passed.
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Safe investing in troubled times? (01 October 05:37) |
| Oct 1 - Investors are rethinking their portfolio strategies to try to further protect them from the financial turmoil.
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Stocks rebound with eyes on Congress (01 October 03:05) |
| Sep 30 - Wall Street followed its worst day in over 20 years with the biggest one-day percentage gain for the S&P 500 in more than six years.
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EU blames U.S. for credit crisis (30 September 11:04) |
| Sep 30 - The European Union says the U.S. must take responsibility for the current financial crisis and come up with a deal to address it.
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Bling my thing (30 September 10:46) |
| Sep 30 - For those who want to makes their world a sparklier, glitzier place, what about a hairbrush, mobile phone or pen encrusted with Swarovski crystals?
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The morning after (30 September 10:14) |
| Sep. 30 - As U.S. stocks headed for a three percent rally in opening hours of the trading day, Wall Street workers remained anxious about the markets after failed rescue legislation.
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UK Consumer confidence in turmoil (30 September 09:30) |
| Sep 30 - Consumer confidence in Britain is at historically low levels as falling house prices and market turmoil take their toll.
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Europe bailout plan? (30 September 09:26) |
| Sep 30 - With European economies under threat from the global credit crunch, some are asking if European leaders should replicate a U.S. bailout plan for their financial sectors.
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Bailout rejection felt around globe (30 September 05:28) |
| Sep 30 - World stocks fell to near three-year lows following the U.S. Congress's rejection of a $700 bn bank rescue package.
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Asia falls on failed US bailout (30 September 04:11) |
| Sep 30 - Stock markets across Asia sank on Tuesday after U.S. lawmakers rejected a $700 billion plan to rescue the country's financial system.
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Asia dives on bailout failure (30 September 10:26) |
| Sep 30 - The Dow's worst day in history enveloped Asia early Tuesday, as regional officials and investors looked to stem the slide.
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Wall St. waits for bailout (27 September 04:20) |
| Sep. 26 - Investors waited for word from Washington on a $700 billion rescue for troubled banks as Washington Mutual became the 13th U.S. bank to fail this year.
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Bailout in the works (27 September 04:09) |
| Sep. 26 - President Bush is optimistic that a financial bailout plan will be passed by Congress.
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Wall St. watches ailing job market (27 September 04:05) |
| Sep. 26 - A wide array of economic news is due with key employment report released Friday.
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Lawmakers fear voter backlash (27 September 03:18) |
| Sep. 26 - Analysts say a financial rescue deal -- which appears to be a bailout package for Wall Street investment firms -- will cause outrage among many voters.
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Washington Mutual fails (27 September 03:16) |
| Sep 26 - JP Morgan Chase buys WaMu and reassures its new customers that their money is safe and they can bank as usual.
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Wall Street watches Washington (26 September 11:43) |
| Sep. 26 - Stocks slide as government bailout talks break down and Washington Mutual is closed and sold off to JPMorgan Chase.
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