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Monthly Business News Summary

(Click Here For The Latest Business Headlines from bbc.co.uk/news)

Clash over $700bn bank bail-out
US Treasury Secretary Henry Paulson and Federal Reserve chairman Ben Bernanke defend the $700bn bank bail-out plan.
Tue, 18 Nov 2008 17:23:57 GMT
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Global gloom depresses oil price
The price of oil drifts below $55 a barrel, amid increasing worries over falling demand and slowing global growth.
Tue, 18 Nov 2008 12:09:34 GMT
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InBev completes Budweiser merger
Belgium-based brewer InBev closes its $52bn takeover of the US's Anheuser-Busch to create the world's largest brewer.
Tue, 18 Nov 2008 15:49:10 GMT
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United Airlines win union ruling
United Airlines wins an injunction against a pilots' trade union stopping it taking industrial action against the airline.
Tue, 18 Nov 2008 21:21:10 GMT
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HP's profits exceed expectations
The world's biggest PC maker, Hewlett-Packard, has revealed better-than-expected net profit in the fourth quarter.
Tue, 18 Nov 2008 17:35:07 GMT
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Sharp fall in US wholesale prices
US wholesale prices fell by 2.8% in October, the biggest monthly fall for over 60 years.
Tue, 18 Nov 2008 15:13:44 GMT
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Ford set to sell 20% Mazda stake
Troubled US carmaker Ford Motor is selling a 20% stake in Japan's carmaker Mazda Motor, the Japanese company has said.
Tue, 18 Nov 2008 09:24:30 GMT
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Jerry Yang to quit as Yahoo boss
Jerry Yang, the co-founder of Yahoo, is to stand down as the internet portal's chief executive officer.
Tue, 18 Nov 2008 02:42:01 GMT
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China moves to stem mass layoffs
Chinese companies are told they need permission to fire more than 40 workers, in a sign of worry over rising unemployment.
Tue, 18 Nov 2008 11:59:08 GMT
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Wolseley to shed 2,300 more jobs
Building materials firm Wolseley is to cut 2,300 more jobs, the majority in the UK, as the housing downturn continues to bite.
Tue, 18 Nov 2008 08:26:09 GMT
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Mitsubishi UFJ profit drops 64%
Japanese banking giant, Mitsubishi UFJ Financial has posted a 64% drop in its second-quarter profit but reiterated its lowered full-year forecast.
Tue, 18 Nov 2008 08:26:18 GMT
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Shop till you prop up the economy, Taiwan residents told
Taiwan's prime minister announces a cash handout for all residents in a bid to try to stave off economic crisis.
Tue, 18 Nov 2008 15:44:51 GMT
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The Box
The BBC-branded container prepares to leave Shanghai
Tue, 18 Nov 2008 10:55:13 GMT
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Cash-strapped
Small firms in India come under pressure
Tue, 18 Nov 2008 00:13:05 GMT
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Consumer inflation falls to 4.5%
Official figures show that UK inflation fell from 5.2% to 4.5% in October, as oil prices and transport costs fell.
Tue, 18 Nov 2008 12:12:18 GMT
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Bank hawk defends big rate cut
Monetary Policy Committee member Tim Besley says the market should not have been so surprised by the recent 1.5% rate cut.
Tue, 18 Nov 2008 17:54:59 GMT
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Barclays' board faces re-election
The board of Barclays bank is to offer itself for re-election at its annual general meeting in April 2009.
Tue, 18 Nov 2008 08:03:18 GMT
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Carphone mulls TalkTalk spin-off
Carphone Warehouse confirms it is considering plans to spin off its TalkTalk broadband internet business.
Tue, 18 Nov 2008 09:26:55 GMT
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Clash over $25bn car firm bailout
Democrats and Republicans clash over funding for a $25bn (£17bn) bailout plan to help the Big Three US car firms.
Tue, 18 Nov 2008 00:04:42 GMT
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Macquarie bank profit drops 43%
Australia's biggest investment bank, Macquarie Group posts a sharp drop in its first-half profit but said it did not need to raise cash.
Tue, 18 Nov 2008 10:33:28 GMT
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Burberry shares hit six-year low
Burberry's shares fall to their lowest level in six years after the luxury brand issues a profit warning.
Tue, 18 Nov 2008 16:34:49 GMT
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Carrefour ousts chief executive
Carrefour, one of the world's larger retailers, announces that it will replace its chief executive in January next year.
Tue, 18 Nov 2008 11:37:10 GMT
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Citigroup job cull to hit 75,000
US bank Citigroup announces plans for about 52,000 new job cuts, on top of 23,000 cuts already made this year.
Mon, 17 Nov 2008 17:56:14 GMT
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Oil prices rise on US output data
Oil prices have risen after surprisingly good US industrial output figures and warnings of cold weather.
Mon, 17 Nov 2008 17:25:58 GMT
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US industrial output bounces back
US industrial output rebounds with a 1.3% rise after a sharp fall in September, the Federal Reserve says.
Mon, 17 Nov 2008 15:07:51 GMT
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Japanese economy now in recession
Japan's economy falls into its first recession since 2001 after shrinking by 0.1% in the July to September quarter.
Mon, 17 Nov 2008 07:57:30 GMT
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Eurozone swings to trade deficit
The eurozone records a trade deficit in September compared with a surplus for the same month last year.
Mon, 17 Nov 2008 11:47:00 GMT
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'Close to 3m UK jobless' by 2010
The CBI says the UK economy will shrink by 1.7% in 2009, with unemployment rising to nearly 3 million by 2010.
Mon, 17 Nov 2008 08:42:53 GMT
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US economy 'already in recession'
The US economy is already in recession, according to a panel of forecasters, and is set to shrink by 2.6% in the fourth quarter.
Mon, 17 Nov 2008 16:08:25 GMT
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Hard-up GM to sell Suzuki stake
Struggling General Motors is selling its 3% stake in the Japanese carmaker Suzuki for $230m (£156m) to raise cash.
Mon, 17 Nov 2008 09:43:07 GMT
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IMF head calls for extra funding
The head of the IMF says it will need more funding if it is to play a bigger role in aiding a global economic recovery.
Mon, 17 Nov 2008 02:25:32 GMT
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Cancel that Ferrari order! Top banks axe bonuses for their executives
UBS and Goldman Sachs will not pay bonuses to their top executives in 2008, the banking giants reveal.
Mon, 17 Nov 2008 12:52:51 GMT
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Changing times
Why the G20 cast list was its most remarkable feature
Sun, 16 Nov 2008 03:27:14 GMT
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Into the red
Fine wine prices fall as economic woes hit the super rich
Mon, 17 Nov 2008 08:25:19 GMT
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New inspiration
Small firms in Osaka hope to weather economic storm
Mon, 17 Nov 2008 04:21:50 GMT
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London 'worst hit in recession'
London could be set to bear the brunt of the economic downturn while other cities weather the storm, a report says.
Mon, 17 Nov 2008 03:04:58 GMT
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UK food exports 'eye record high'
Rising sales to Eastern European nations mean exports of UK food and drink are on track for a record high in 2008, a report suggests.
Mon, 17 Nov 2008 10:35:23 GMT
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Boom for online fashion firm ASOS
Online fashion retailer ASOS sees half-year profits jump 68% and says it is cautiously optimistic despite the economic downturn.
Mon, 17 Nov 2008 07:28:51 GMT
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JP Morgan in Canary Wharf move
Bank JP Morgan is to move its European HQ to a £237m plot of land at London's Canary Wharf.
Mon, 17 Nov 2008 15:55:37 GMT
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Leaders welcome G20 action plan
World leaders welcome the outcome of the G20 summit but some observers say the action plan does not go far enough.
Sun, 16 Nov 2008 12:17:50 GMT
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Pakistan asks IMF for rescue loan
Pakistan has asked the International Monetary Fund for a loan of at least $7.6bn, its top economic adviser says.
Sat, 15 Nov 2008 10:43:28 GMT
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Iran pushes for further oil cut
Iran is to urge Opec to agree another cut in production to boost the price of oil, a top Iranian oil official says.
Sat, 15 Nov 2008 16:08:48 GMT
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Summit pledge to 'restore growth'
Global leaders at the G20 financial summit in Washington pledge to work together to restore global growth.
Sun, 16 Nov 2008 02:19:13 GMT
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Eurozone officially in recession
The eurozone officially slips into recession after new figures show that the economy contracted 0.2% in the third quarter.
Fri, 14 Nov 2008 17:02:41 GMT
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Sun Micro to cut up to 6,000 jobs
Computer hardware maker Sun Microsystems is to cut up to 6,000 jobs in a bid to reduce costs.
Fri, 14 Nov 2008 17:20:56 GMT
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Budweiser takeover is cleared
Stella Artois brewer Inbev gets approval from regulators to take over Budweiser maker Anheuser Busch in a $52bn deal.
Fri, 14 Nov 2008 22:09:23 GMT
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US stocks fall on weak sales data
Leading US shares fall on Friday as renewed worries about the economic outlook lead to profit-taking.
Fri, 14 Nov 2008 21:43:23 GMT
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US retail sales in record plunge
US retail sales fell sharply last month, recording the biggest monthly decline since 1992, as hard-up consumers stayed home.
Fri, 14 Nov 2008 16:53:04 GMT
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Bernanke says banks ready to act
US Federal Reserve chief Ben Bernanke says that the world's central banks are ready to take further action to ease credit market
Fri, 14 Nov 2008 16:31:25 GMT
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New World Order
How Bretton Woods reshaped the world economy
Fri, 14 Nov 2008 08:16:55 GMT
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Iraqi investment
Funds flood in as the security situation improves
Thu, 13 Nov 2008 23:42:30 GMT
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UK in for 'prolonged recession'
A severe downturn is unavoidable and the recession will be painful and prolonged, the British Chambers of Commerce warns.
Sat, 15 Nov 2008 00:01:07 GMT
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World leaders grapple with crisis
Leaders will discuss plans to combat the global financial crisis in Saturday's G20 talks, but there is little hope of quick solutions.
Sat, 15 Nov 2008 09:01:36 GMT
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HBOS sees risk of nationalisation
HBOS says that it could face nationalisation if its proposed takeover by Lloyds TSB is not approved by shareholders.
Fri, 14 Nov 2008 18:06:55 GMT
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RBS to cut 3,000 jobs worldwide
Royal Bank of Scotland (RBS) is to cut about 3,000 jobs worldwide in the next few weeks, the BBC has learned.
Fri, 14 Nov 2008 06:28:23 GMT
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US carmakers rescue plan in doubt
More doubts have been raised about chances of a US car industry rescue plan being approved by Congress soon.
Fri, 14 Nov 2008 13:59:37 GMT
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Lehman staff set to get bonuses
The remaining UK staff at the failed investment bank Lehman Brothers are to receive their annual bonuses despite the firm being in administration.
Fri, 14 Nov 2008 20:14:41 GMT
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Hong Kong slides into recession
Hong Kong's economy falls into recession for the first time in five years amid a global economic slowdown.
Fri, 14 Nov 2008 13:37:06 GMT
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Korean Air suffers profits fall
Seoul-based airline Korean Air posts a second quarterly loss, hit by the weakness in the South Korean currency and high fuel costs.
Fri, 14 Nov 2008 16:49:02 GMT
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Air France strike causes chaos
Severe disruptions to Air France flights are expected after pilots begin a four-day strike against legal changes to the retirement age.
Fri, 14 Nov 2008 13:50:12 GMT
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Europe car sales in steep decline
New car sales in Europe fall 14.5% in October for the sixth month in a row, say Europe's carmakers.
Fri, 14 Nov 2008 16:14:40 GMT
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Bush defends free-market system
US President George W Bush will claim that the global financial crisis is not "a failure of the free-market system" in a speech later.
Thu, 13 Nov 2008 17:17:52 GMT
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Pound's fall continues to $1.48
Sterling's losses mount as the currency hits its lowest rate in six years against the dollar on fears of a deep recession.
Thu, 13 Nov 2008 15:36:24 GMT
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German economy now in recession
Europe's largest economy enters recession as falls in exports and slowing demand for goods take their toll.
Thu, 13 Nov 2008 12:18:49 GMT
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Wal-Mart's profits beat forecast
The largest US retail chain, Wal-Mart, sees third-quarter profits rise 10%, but says customers are under pressure.
Thu, 13 Nov 2008 13:33:04 GMT
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UBS boss charged over tax evasion
A senior director of Swiss bank UBS is charged by US authorities with helping US citizens commit tax evasion totalling $20bn.
Thu, 13 Nov 2008 16:28:39 GMT
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Tata Group cools expansion plans
Indian conglomerate Tata Group says it will cut down on acquisitions because of increasing problems in raising capital.
Thu, 13 Nov 2008 15:42:25 GMT
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US firm cuts Macau building jobs
Up to 11,000 workers in Macau could lose their jobs after gaming giant Las Vegas Sands suspends its building projects.
Thu, 13 Nov 2008 14:15:49 GMT
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Russian banker's killers jailed
A former private bank boss and six others are jailed for murdering Russian central banker Andrei Kozlov in 2006.
Thu, 13 Nov 2008 12:47:07 GMT
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EU seeks to expand energy grids
The European Commission unveils plans to diversify the EU's energy imports and reduce reliance on Russia.
Thu, 13 Nov 2008 14:04:33 GMT
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EU knocks down Lego's efforts to protect its bricks
The Danish toy maker Lego loses a European court battle to protect its iconic plastic bricks.
Thu, 13 Nov 2008 10:08:32 GMT
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Junk e-mails plummet 70% as gangs leave the internet
The closure of one suspect web host has reduced the levels of global junk mail by 70%, an anti-spam firm says.
Thu, 13 Nov 2008 10:41:27 GMT
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Triple whammy
The bleak future facing Detroit's big three carmakers
Thu, 13 Nov 2008 11:36:49 GMT
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Sterling's woes
Has the pound's fall put paid to cheap holidays to the US?
Thu, 13 Nov 2008 16:25:45 GMT
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Cash diplomacy
Is Russia using Iceland's woes for its own interest?
Thu, 13 Nov 2008 00:05:36 GMT
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Tourism spotlight
How global travel chiefs hope to beat the downturn
Wed, 12 Nov 2008 22:10:25 GMT
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New world order
Bridget Kendall on finance and the balance of power
Thu, 13 Nov 2008 06:07:27 GMT
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OECD sees lengthy slowdown
The Organisation for Economic Co-operation and Development expects a "protracted slowdown" for the world's economies.
Thu, 13 Nov 2008 14:07:43 GMT
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BT to shed 10,000 jobs by March
Telecom giant BT says it expects to have cut 10,000 jobs by the end of March, in the latest gloomy news on the economy.
Thu, 13 Nov 2008 17:01:05 GMT
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Volatile markets boost LSE profit
The London Stock Exchange says profits have risen 30%, as trading volumes get a boost from the financial market turmoil.
Thu, 13 Nov 2008 11:16:03 GMT
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Chinese fund saves Hong Kong arm
Chinese state-funded investment company Citic Group increases its stake in its Hong Kong subsidiary in order to cover massive losses.
Thu, 13 Nov 2008 09:28:43 GMT
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Pay deal averts strike in Germany
A major strike by Germany's largest industrial trade union is averted after a new 4.2% pay deal with employers.
Wed, 12 Nov 2008 21:25:50 GMT
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Paulson says US bail-out working
The $700bn US bail-out package has "clearly helped stabilise" the financial system, US Treasury Secretary Henry Paulson says.
Wed, 12 Nov 2008 23:24:23 GMT
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Oil price slides to 20-month low
Oil prices fall to their lowest levels since the beginning of 2007 amid worries about weakening energy demand.
Wed, 12 Nov 2008 16:26:56 GMT
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Alitalia ordered to pay back loan
The European Commission told bankrupt Alitalia airline to repay a 300m euro rescue loan to the Italian government.
Wed, 12 Nov 2008 12:57:43 GMT
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Pakistan to approach IMF for loan
A top Pakistani official says Islamabad will approach the International Monetary Fund for a loan in the next 10 to 15 days.
Wed, 12 Nov 2008 10:05:22 GMT
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Glass makers hit with huge fine
Four car glass makers have been hit with the European Commission's highest cartel fine after "cheating" car buyers.
Wed, 12 Nov 2008 16:45:49 GMT
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ING group reports its first loss
Dutch banking giant ING reports its first quarterly loss - 585m euros - for the three months to the end of September.
Wed, 12 Nov 2008 09:03:23 GMT
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EU gets tough on credit agencies
The European Commission announces proposals for tougher regulation of credit rating agencies.
Wed, 12 Nov 2008 13:49:53 GMT
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Norway tops gender equality list
Norway tops a league of countries in closing the gender gap, according to the World Economic Forum.
Wed, 12 Nov 2008 06:32:49 GMT
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Heavy losses at Hypo Real Estate
Troubled German lender Hypo Real Estate announces heavy losses of 3.1bn euros for the third quarter.
Wed, 12 Nov 2008 08:04:12 GMT
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Shares on the slide
See how some of the main global stock indexes have fared during the financial turmoil of 2008
Wed, 12 Nov 2008 11:30:48 GMT
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Currency bumps
Australian dollar's recent white-knuckle ride
Tue, 11 Nov 2008 23:26:30 GMT
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Global ambition
Japanese phone firms want bigger worldwide sales
Tue, 11 Nov 2008 00:09:01 GMT
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Unemployment hits 11-year high
The number of jobless people in the UK jumps by 140,000 in the quarter to September to 1.82 million - the worst in 11 years.
Wed, 12 Nov 2008 11:26:16 GMT
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Pre-Budget report date announced
The pre-Budget report, which is expected to feature tax cut plans, will take place on Monday 24 November.
Wed, 12 Nov 2008 16:01:12 GMT
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Sainsbury's half-year profits up
Supermarket group Sainsbury's reports a 13% rise in half-yearly profits despite the worsening economic conditions.
Wed, 12 Nov 2008 08:15:11 GMT
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Energy prices 'could fall soon'
The UK's second biggest energy company says it is "optimistic" that domestic prices could be cut early in 2009.
Wed, 12 Nov 2008 11:06:59 GMT
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GM shares decline to 60-year low
Shares in US car group General Motors close at a 60-year low after the struggling firm is hit by a broker downgrade.
Mon, 10 Nov 2008 23:09:52 GMT
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Amex gains commercial bank status
Credit card firm American Express gains approval to become a commercial bank, enabling it to take deposits.
Tue, 11 Nov 2008 07:24:38 GMT
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German talks aim to stop strike
Germany's biggest industrial trade union and some of the country's largest firms are meeting to try to prevent a pay dispute.
Tue, 11 Nov 2008 21:55:29 GMT
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Deutsche Post cuts 9,500 DHL jobs
Deutsche Post says it will cut 9,500 jobs at DHL Express in the US and scale down the operations of the US business.
Mon, 10 Nov 2008 17:03:52 GMT
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Fannie Mae loss widens to $29bn
US mortgage finance firm Fannie Mae reports a third-quarter loss of $29bn in the wake of the slowing housing sector.
Mon, 10 Nov 2008 15:08:41 GMT
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Stocks surge after China stimulus
Stock markets across Asia jump after China announces a $586bn economic and infrastructure stimulus plan.
Mon, 10 Nov 2008 14:46:00 GMT
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HSBC takes $4.3bn hit on US loans
HSBC's losses relating to the US housing market crisis reach $4.3bn (£2.7bn) in the third quarter.
Mon, 10 Nov 2008 10:14:44 GMT
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Circuit City files for bankruptcy
US electronics firm Circuit City files for bankruptcy protection, one week after saying it would close about 20% of its stores.
Mon, 10 Nov 2008 14:03:15 GMT
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Oil up on China investment plan
Oil prices climb more than $4 a barrel following China's multi-billion dollar stimulus package aimed at boosting its economy.
Mon, 10 Nov 2008 15:59:56 GMT
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AIG wins new $40bn bail-out cash
Insurance giant AIG gets fresh financial help from the US government, bringing the total aid package for the firm to about $150bn.
Mon, 10 Nov 2008 12:34:06 GMT
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Santander unveils new share issue
Spanish bank Santander unveils a 7.2bn euros share issue to raise new capital.
Mon, 10 Nov 2008 13:42:16 GMT
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Emirates profit sinks on oil cost
Emirates Airline reports a 88% drop in its net profit for half a year to 30 September on higher oil prices.
Mon, 10 Nov 2008 12:50:01 GMT
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Spam e-mailers get one response in 12.5 million and still cash in
Spammers get one response for every 12.5m e-mails they send and still make big profits, suggests a study.
Mon, 10 Nov 2008 11:53:32 GMT
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Record fall in UK producer prices
The cost of goods leaving UK factories fell 1% in October, figures show, the largest amount since records began.
Mon, 10 Nov 2008 11:25:05 GMT
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Employers gloomy on job creation
UK employers are becoming increasingly gloomy about job creation in the current climate, a report shows.
Mon, 10 Nov 2008 03:51:40 GMT
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Nationwide warns on house prices
Britain's biggest building society, the Nationwide, says it expects house prices to continue to fall in 2009/10.
Mon, 10 Nov 2008 11:00:08 GMT
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More lenders to mirror rate cuts
Two of the UK's larger lenders join the growing group which are passing on interest rate cuts to customers.
Mon, 10 Nov 2008 15:38:43 GMT
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Bank of China looking at HBOS bid
Chinese banking giant Bank of China is looking at a potential bid for UK lender HBOS, BBC business editor Robert Peston reports.
Mon, 10 Nov 2008 18:28:29 GMT
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Brakes put on Indian car making
Slowing demand sees Indian car production cut back, industry figures show.
Mon, 10 Nov 2008 10:49:19 GMT
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Pakistani currency dealers held
Two directors of a Pakistani currency company are remanded in custody over allegations that they illegally transferred millions of dollars abroad.
Mon, 10 Nov 2008 17:28:56 GMT
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Emerging economies want new role
World finance chiefs look to give a bigger voice to emerging nations as part of reforms to tackle the current crisis.
Sun, 09 Nov 2008 09:26:31 GMT
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Pakistan probes money-change firm
Pakistan investigates the alleged illegal transfer of foreign currency abroad and arrests two directors of one large firm.
Sun, 09 Nov 2008 13:03:32 GMT
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Electric car race
Bolivia's lithium is needed to drive electric motoring
Sun, 09 Nov 2008 16:07:02 GMT
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Bigger is best?
Why the future of container shipping may be small boats
Sun, 09 Nov 2008 16:03:06 GMT
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Tories warn over Brown tax cuts
The Conservatives say any unfunded Gordon Brown tax cuts would just "pass the debt onto the next generation".
Sun, 09 Nov 2008 14:57:30 GMT
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Burt steps up HBOS board attack
The former banking chief at the centre of calls for a boardroom takeover at HBOS says the bank has been run into the ground.
Sun, 09 Nov 2008 15:11:09 GMT
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Travelodge makes £5m price cuts
Budget hotel chain Travelodge reduces average room rates as the downturn forces the sector to provide greater value.
Sun, 09 Nov 2008 13:36:26 GMT
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US car giants report large losses
US carmakers GM and Ford report hefty losses and both look to reduce their payrolls in order to cut expenses.
Fri, 07 Nov 2008 19:44:07 GMT
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US jobless rate at 14-year high
The US jobless rate jumped to 6.5% in October, official figures show, the highest rate since March 1994.
Fri, 07 Nov 2008 16:33:12 GMT
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Obama to tackle economy 'head-on'
US President-elect Barack Obama pledges to confront the economic crisis immediately after taking office in January.
Sat, 08 Nov 2008 01:32:25 GMT
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Former Deutsche Post boss charged
Klaus Zumwinkel, the former head of Deutsche Post, is facing legal charges in connection with an investigation into tax evasion, officials confirmed.
Fri, 07 Nov 2008 16:19:05 GMT
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Toymaker Hornby bets on Lewis Hamilton and James Bond
Toymaker Hornby bets on Lewis Hamilton and James Bond to give its business a boost in the run-up to Christmas.
Fri, 07 Nov 2008 11:39:32 GMT
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Lenders heed calls for rate cuts
The main mortgage lenders have started to respond to the government's demand that they should cut their mortgage rates.
Fri, 07 Nov 2008 16:07:33 GMT
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Bank duo oppose Lloyds-HBOS deal
The ex-chiefs of Bank of Scotland and Royal Bank of Scotland write to HBOS saying it should remain independent.
Sat, 08 Nov 2008 09:17:16 GMT
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Corus to cut steel production 30%
Europe's second-largest steel company Corus announces plans for a 30% cut in production this winter.
Fri, 07 Nov 2008 17:24:46 GMT
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German production sees sharp fall
Germany factory output falls sharply in September as the global slowdown hits demand for products from the world's top exporter.
Fri, 07 Nov 2008 12:27:07 GMT
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Japan's Daiichi in Ranbaxy deal
Leading Japanese pharmaceutical firm Daiichi Sankyo completes its $4.2bn (£2.6bn) takeover of the Indian drugs firm Ranbaxy.
Fri, 07 Nov 2008 12:56:05 GMT
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Munich Re profit almost wiped out
German reinsurance giant Munich Re sees its quarterly profits almost wiped out by the financial crisis and hurricane claims.
Fri, 07 Nov 2008 10:44:16 GMT
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Profits plunge at British Airways
Half-year profits at British Airways fall 91.6% to £52m, with the airline blaming "incredibly difficult trading conditions".
Fri, 07 Nov 2008 09:04:40 GMT
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European car sales hit the skids
Car sales in Western Europe fell by 15.5% year-on-year in October, J.D. Power Automotive said.
Fri, 07 Nov 2008 10:19:33 GMT
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EU 'united' on financial reforms
EU leaders have reached a joint position on financial reforms that they can take to a global summit in Washington, France says.
Fri, 07 Nov 2008 16:37:17 GMT
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IMF and Europe offer Iceland loan
Iceland is to get a $6bn loan from the International Monetary Fund and some European countries, Poland's finance ministry says.
Fri, 07 Nov 2008 11:30:19 GMT
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Disney hit by economic slowdown
Entertainment company Walt Disney reports lower-than-expected fourth-quarter results as consumer confidence falls.
Fri, 07 Nov 2008 07:19:04 GMT
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Panasonic aims to take over Sanyo
Electronic rivals Panasonic and Sanyo are starting alliance talks, which could result in Panasonic taking over the smaller company.
Fri, 07 Nov 2008 09:38:10 GMT
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Asian markets see mixed trading
Some stock markets in Asia