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| Yahoo! News: Business Updated : Thu, 20 Nov 2008 11:07:25 GMT Prolonged recession looms (Reuters) Reuters - Global economic misery spread on Thursday with the Federal Reserve predicting U.S. recession well into 2009, Japan's exports to Asia falling for the first time in six years and another sharp sell-off on global equity markets. Publ.Date : Thu, 20 Nov 2008 09:09:33 GMT Philippine stock index slides 3.5 pct on US losses (AP) AP - Philippine shares slid Thursday in step with regional and U.S. markets as the country's central bank pondered whether to cut interest rates to boost the economy. Publ.Date : Thu, 20 Nov 2008 05:04:47 GMT Citi to use scalpel not axe in trimming Asia units (Reuters) Reuters - Citigroup is scrambling to slash costs in the face of collapsing investor confidence, but the embattled bank is unlikely to retreat from Asia, its strongest performing region. Publ.Date : Thu, 20 Nov 2008 10:11:11 GMT Financials need at least $1 trillion: analyst (Reuters) Reuters - The U.S. financial system still needs at least $1 trillion to $1.2 trillion of tangible common equity to restore confidence and improve liquidity in the credit markets, Friedman Billings Ramsey analyst Paul Miller said. Publ.Date : Thu, 20 Nov 2008 06:45:03 GMT British retail sales down 0.1 percent in October (AP) AP - British retail sales fell only slightly in October, official figures showed Thursday, despite mounting evidence from retailers such as Woolworths PLC and Marks & Spencer PLC, that business conditions are extremely tough. Publ.Date : Thu, 20 Nov 2008 10:06:16 GMT Increased Website Traffic |
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