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Reuters: Business News

Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.

Reuters News

Car sales plunge heralding bleak 2009
DETROIT (Reuters) - U.S. auto sales plunged by 36 percent in December led by outsized declines at Chrysler LLC, Hyundai Motor and Toyota Motor Corp as the battered industry closed...
Apple's Jobs reassures investors about his health
NEW YORK (Reuters) - Apple Inc Chief Executive Steve Jobs sought to soothe investor concerns about his health on Monday, saying his weight loss was caused by a hormone imbalance...
Prosecutors seek to jail Madoff
NEW YORK/WASHINGTON (Reuters) - U.S. prosecutors asked a judge to jail accused swindler Bernard Madoff on Monday, saying he sent jewelry and other items worth more than $1 million to...
Economists seek solutions, signs of life in housing
SAN FRANCISCO (Reuters) - Top economists at the Allied Social Sciences Association's annual meeting have been searching -- in some cases, in vain -- for signs of life in the...
Stocks slip on telecom and financials; Apple jumps
NEW YORK (Reuters) - Stocks fell on Monday as investors booked profits after last week's run-up, while concerns about slowing cell phone sales hit shares of the biggest telecommunications companies.
Cigna to cut 1,100 jobs, citing weak economy
LOS ANGELES (Reuters) - Health insurer Cigna Corp said on Monday it will cut 1,100 jobs, or about 4 percent of its workforce, and consolidate certain operations as it...
LDK shares slide after issues revenue warning
LOS ANGELES (Reuters) - Solar wafer maker LDK Solar Co Ltd warned on Monday of lower-than-expected fourth quarter and 2009 revenue, saying the global economic crisis and tight credit markets...
Fed buys MBS in latest unconventional move
NEW YORK (Reuters) - The Federal Reserve on Monday kick-started its latest unconventional program to boost the moribund economy, this time taking aim at the heart of the slumping housing...
GE's finance arm launches $10 billion FDIC-backed debt
NEW YORK (Reuters) - General Electric Co's finance arm on Monday launched a $10 billion sale of FDIC-backed debt, the largest sale under the government guarantee program since its...
Ex-eBay CEO Whitman eyes run for California governor
SAN FRANCISCO (Reuters) - Former eBay Inc Chief Executive Meg Whitman has resigned from three corporate boards for personal reasons, a turn-of-the-year move that would free her to run for...

1/02/2009

Obama Team May Add `Buy American' Provision to Economic-Stimulus Package

Yale's Swensen Sees `Extraordinary' Opportunity to Snap Up Distressed Debt

Buffett's Berkshire Has `Nowhere to Hide' Amid Worst Drop in Three Decades

SEC Investigating More Alleged Ponzi Schemes Following Madoff Disclosures

Treasury to View Citi-Style Rescues Case-by-Case

Madoff Accepted $10 Million Six Days Before Arrest From New York Investor Who Has Initiated Lawsuit

IndyMac Bank Sold by FDIC to Mnuchin-Led Investor Group for $1.3 Billion

Fannie Says IndyMac Has 1 Billion in Mortgage Obligations

U.S. Steel Industry Urges "Buy America" Recovery Plan

City National Subject of Bailout Review

Stocks in U.S. Advance in Best Start to Year Since 2003; GM's Shares Gain

U.S. Manufacturing Shrinks at Fastest Pace Since 1980 as Recession Spreads

U.S. Treasuries Fall as Stocks Advance on Stimulus Speculation

Oil Up Over 3 Percent on Mideast and Russia Tensions

GM, Chrysler May Lead December Sales Slide, Capping Worst Year Since 1992

GM, GMAC Loosen Finance Pact After Lender Bailout

Global Semiconductor Sales Fell 9.8% in November as Recession Hurt Demand

Bank of America, Wells Close Mergers as Banking Transforms

Ford Sees Sharp Drop of 35% in December U.S. Sales

Stocks in Europe Climb, Rebound From Record 2008 Drop; Rio, Carrefour Gain

European Manufacturing Shrinks at Record Pace, Signals Deepening Recession

Euro Falls as First Economic Data of 2009 Show Economic Slump Is Deepening

Russian Manufacturing Shrank Most on Record in December as Demand Slumped

Polish December PMI Falls to Record 38.3 From 40.5 in November on Slowdown

U.K. Mortgage Approvals Drop to Lowest Level Since 1999; House Prices Fall

Russia Poised to Resume Gas Talks With Ukraine After Cutting Off Supplies

Belarusian Central Bank Devalues Ruble as Economy Teeters, IMF Grants Loan

Austria’s FMA Takes Control of Medici on Madoff Risk

Most Asian Stock Markets Rise on Bets Goverment Policies Will Help Profits

Asia's Economic Slump Deepens as Manufacturing, Exports Contract Further

China's Manufacturing Shrinks for Fifth Month as Demand for Exports Drops

Singapore Forecasts Deeper Recession as Asia's Economic Slump Intensifies

Japan’s Bonds May Post First Loss Since 2003 as Debt Sales Rise

China's 3G Rollout Sets Off Sales Scramble

China Telecom Shares Climb Most in Two Months After Government 3G Approval

India Cuts Rates, Unveils Package to Spur Economy

Hong Kong's Property Sales May Fall 27% This Year, Morning Post Reports

Citic Pacific Says Chairman Yung and 16 Directors Face Securities Probe

12/30/2008

Holiday Wishes From the Ron Paul Family

Global Growth Seen as Very Weak in 2009 as Lending Stagnates

Stimulus Bill to Face `Tough Scrutiny' as U.S. Debt Rises, McConnell Says

GMAC Widens Lending After U.S. Treasury Injects $6 Billion of Taxpayer's Money to Prop Up GM

Madoff Judge Allows Trustee to Access $28 Million for Liquidation Process

General Motors May Get Delphi Rescue in Bailout, JPMorgan Says

Immelt Fights to Keep GE's AAA Rating as Cost of Downgrade Reaches Record

Texaco Toxic Past Haunts Chevron as $27 Billion Judgment Looms

Judge Rules Against WaMu Confidentiality Request

Home Prices in 20 U.S. Cities Tumbled 18% From Year Ago, Case-Shiller Says

Consumer Confidence in U.S. Drops to Record Low as Unemployment Increases

U.S. Weekly Retail Sales Fall Most in Almost 6 Years

Chicago Purchasers Index Rose to 34.1 in December From November's 26 Year Low of 33.8

U.S. Treasuries Are Little Changed as Low Yields Make Investors Reluctant

Fed’s Commercial Paper, Federal Agency Debt Holdings Rise

Natural Gas Futures Decline on Speculation of Ample Supplies

Oil Falls Below $39 on Grim Economic Outlook

Dollar Falls on Speculation Fed's Zero Rate Will Weigh on Greenback Demand

European Stocks Climb; Daimler, Imperial Energy, Arcelor Gain

ECB Under Pressure to Cut Interest Rates as Sales Decline, Lending Weakens

Pound Breaches 98 Pence per Euro for the First Time on Interest-Rate Bets

Ruble Strengthens Against Dollar, First Gain in Week After Oil Prices Rise

Ukraine to Pay Up to $2 Billion in Russian Gas Debt Using State-Bank Funds

Merckle's VEM Says Banks Sign Standstill Deal, Pave Way for January Rescue

Croatian Economy Grows 1.6%, Slowest Pace in Eight Years, as Exports Drop

Lithuanian Consumer Confidence Declined to Lowest on Record in December

Asian Stocks Advance on Earnings Optimism; BHP Rises on Oil

Gulf Arab Countries Approve Monetary Union Accord to Boost Regional Trade

Japan's Economy May Shrink 12% This Quarter, Most Since '74, Barclays Says

Japan Stocks Finish Worst Year on Global Recession, Soaring Yen

China's Currency Reserves Will Fall During First Half, Moody's Unit Says

China Said to Issue Export Permits for 500K Metric Tons of Corn, About 10% of Previous Years, in 2009

Japan's Government Bonds Post Best Year Since 2002 as Recession to Deepen

Taiwan's Stocks, Currency Rally on Government's $6.1 Billion Spending Plan

12/29/2008

Holiday Wishes From the Ron Paul Family

Israel Moves Tanks Toward Gaza Strip After Palestinians Fire on Ashkelon

Fed Opens TALF Loans to All Borrowers, Extends Terms From One to Three Years

Paulson's Progress With China Evaporates as Recession Reopens Trade Rifts

Congress's Democrats May End Minimum Tax on Municipal Bonds to Spur Market

House Panel to Hold Hearing to Examine Madoff Scandal

GM, Chrysler Focus on Shrinking Dealer Glut as U.S. Loans Ease Cash Crunch

U.S. Retailers Face Store Closings, Bankruptcies as Holiday Sales Slump

Buffett Wins $224 Million Storm Bet With Florida

U.S. Stocks Drop as Dow Chemical, Rohm Overshadow Energy Gains

Oil Rises Above $40/Barrel After Israeli Attacks on Gaza Roil Middle East

Dollar Weakens on Concern Middle East Fighting Will Disrupt Oil Supplies

Treasuries Rise as Mideast Tension, Falling Stocks Boost Appeal

Speculative-Grade Distress Ratio Rises to 85 Percent

Lehman Bankruptcy Said to Cost Up to $75 Billion

JC Flowers, Others Close to IndyMac Deal

GMAC Plans to Release Results of Debt Swap Soon

Venezuela to Start Seizing Gold Concessions as Oil Falls

Two potential bidders shun Boston Globe, Red Sox

Stocks in Europe Advance Paced by BP, Woodside

Ruble Falls to Record Low Against Euro as Russia Weakens Currency Defense

European Government Notes Advance on Rates, Pushing Yields to 18-Year Low

Biggest Bond Investors Look for European Rally in 2009 as ECB Follows Fed

Italian Business Confidence Declines to Record Low as Recession Deepens

London House Prices Led Declines Across U.K. in 2008 and May Fall Further

UK Economy Could Lose 600,000 Jobs in '09

Belgium's KBC Group NV Says Writedowns to Cut Results by 1.28 Billion

Gazprom's Board Pledges to Honor European Contracts Amid Ukraine Dispute

Asian Stocks Advance on Merger Speculation, Commodity Prices

China to Boost Oil, Gas Imports Amid Price Slump

Hong Kong's Exports Fall for First Time in Five Months, Worsening Outlook

Hong Kong's New Mortgage Loans Fall for Fourth Month as Economy Weakens

Japan 5-Year Notes Rise a Second Day on Falling Stocks, Weakening Economy

Korea's National Pension Fund to Cut Stock Investments in 2009, Add Bonds

Taiwan's New Financial Regulator to End Short-Selling Ban on 150 Stocks

Japan Insurers Seek Merger as Crisis Takes Toll

Kuwait Cancels $17 Billion Deal With Dow Chemical

U.A.E. Banks Face Increasing Loan Defaults as Real-Estate Industry Cools

12/26/2008

Holiday Wishes From the Ron Paul Family

World Crops Threatened by Strengthening La Nina Weather Pattern

Madoff Must Reveal Assets by Year-End as Investors Seek to Recoup Losses

Pimco’s High Income Fund Removes Limits on Swaps, Derivatives

Corporations Sell $605 Million of Investment-Grade Bonds This Week in U.S.

Mexico Suspends U.S. Meat Imports

Holiday Sales Tumble as U.S. Consumers Scale Back on Jewelry, Electronics

Crude Oil Advances 4% as U.A.E. Reduces Production to Comply With OPEC Cut

Gold Rises Most in a Week on Middle East, South Asia Tensions

Treasuries Post First Weekly Loss Since October Amid Note Sales

GM Advances as Fed Approval of GMAC Bank Bid Boosts Loan Access

Home-Mortgage Rate Hits 5.14%

European Stocks Decline as Oil Price Falls; BP, Shell Shares Pace the Drop

U.K. Economy May Shrink 2.9% Next Year, Most Since 1946, BBC Says, Citing CEBR

Russia's Gazprom Says Talks With Ukraine Are `Unconstructive,' Gas May Be Cut Off

Ruble Falls to Record Low Against Euro as Russia Widens Trading Band Again

Russian Currency Reserves Jump $15.4 Billion in Week Thanks to Stronger Euro, Beating Estimates

Russia's Norilsk's Billionaire Owners Elect Former Putin Chief of Staff Chairman, Extending State Control

Germany's Merkel Cuts Second Stimulus Plan to $35 Billion, Sueddeutsche Zeitung Says

Asian Stocks Rise for Second Day on Hynix Spending Plan, Japanese Buybacks

Japan's Recession Deepens as Companies Cut Factory Output by Record 8.1%

China's Stocks Record Worst Week in Three Months in China; GD Media Leads Declines

China Industrial-Company Profit Grows at Slowest Pace on Record on Economy, Commodity Prices

China Won't Seek Sharp Declines in Value of Yuan, Statistics Official Says

Yen Drops This Week as Japan’s Inflation Slows, Output Declines

Egyptian Central Bank Leaves Benchmark Interest Rate at Record High 11.5%

Thailand Plans $8.6 Billion Stimulus Package to Boost Growth, Prime Minister Abhisit Says

Holiday Wishes From the Ron Paul Family

GMAC Wins Fed Approval to Become Bank as GM, Cerberus Agree to Cut Stakes

Bank of Spain Governor: World Faces "Total" Financial Meltdown

GM Trims Time to Reach Survival Plan by Pushing Debt, UAW Talks to January

Lehman Bankruptcy Roils Municipal Swap Market as Failure Triggers Payments

California Crisis May Crunch $3.8 Billion of Jobs in Slowdown

Madoff Ponzi Scheme Reveals SEC's `Laxity,' Connecticut's Blumenthal Says

U.S. Retail Store Traffic Fell 24% on Pre-Christmas Weekend, Report Shows

U.S. Initial Jobless Claims Rose 30,000 to 586,000 Last Week

November U.S. Durable Goods Orders Fell 1% After Biggest Decline in 8 Years of 8.4% in October

U.S. Consumer Spending Adjusted for Inflation Rose 0.6% in November

Mortgage Applications Index in U.S. Jumped 48% Last Week on Drop in Rates

Oil Falls Below $37 on Forecasts U.S. Supply Rose a Third Week

Treasuries Advance After Spending, Durable Goods Orders Decline

Wal-Mart Agrees to Pay Workers Up to $640 Million

European Stocks Decline, Led by Oil Producers on Crude’s Slide

Natural-Gas Producers to Locate New Organization, Based on OPEC, in Qatar

UK Recession Will Be Worst Since 1947

Russia’s Central Bank Devalues Ruble for Third Time in Week

Pound Drops Against Euro, Dollar After Report Says U.K. House Prices May Fall 10% in 2009

Fortis Lost $412 Million on Pound, Dollar After Court Blocked Sale to BNP

Polish Central Bank Governor Says More Interest-Rate Reductions Possible

U.K. Regulator Levied Record 48 Fines for Mortgage Fraud, Insurance Sales

Asian Stocks Fall For a Forth Day as U.S. Home Prices Slump; Toyota Declines

Japan’s Manufacturer Confidence Slumps Most on Record

Crisis Deepens in Japan and China as Asian Exports Plunge

Yen Advances on Speculation Stock Drop Boosts Appeal as Haven From Crisis

Japan Should Write-Off U.S. Debt; Dollar May Plummet, Mikuni Ratings Says

U.S. Banks May Sell Guaranteed Asian Currency Bonds to Plug Funding Gaps

Pakistan Stocks Tumble for Eighth Day on Concern That Brokers May Default

Commonwealth Bank of Australia to Buy $2.7 Billion Loan Book From GE Unit

12/23/2008

Breaking: Fund Chief With Madoff Ties Said to Have Committed Suicide

GM Stock, Bond Investors Bet It Won't Stay Afloat Even With U.S. Lifeline

Madoff's Victims May Have to Return Up to Six Years of Profits, Principal

Regulator Removed For Letting IndyMac Alter Records to Appear Healthier Weeks Before Seizure

Frozen Ports From Long Beach to Singapore Presage Bleak Trade Into 2010

SF Fed Economist Sees Longest Recession Since WW2

U.S. Existing Home Sales Fall 8.6%, More Than Forecast as Prices Plunge

November new Home Sales Weakest Since 1991

GDP Shrank 0.5 Percent in Q3 as Economy Chilled

Lower Prices Help Boost Consumers' Mood in Decem ber

Retail Group Lowers Holiday Forecast After Sales Fall

Freddie Mac's Portfolio Expands by $42 Billion to Record on Government Push

No Holiday Gift for U.S. Automakers Seen in Dec. Sales

U.S. Stocks Slide, Led by GM, Financials

Dollar Erases Earlier Loss Against Euro, Posts a Gain Versus Japanese Yen

Crude Oil Falls on Signs Consumption Will Drop as U.S. Economy Contracts

Gold Falls as Crude Oil Decline Reduces Demand for Hedge Against Inflation

Wachovia Shareholders OK Wells Fargo Deal

PNC, National City Shareholders Approve Merger

Cerberus Suspends Withdrawals from Some Funds

Now Even American Express Credit Card Company Gets $3.39 Billion Bailout With U.S. Taxpayer's Money

Most European Stocks Rise; Veolia Environnement, Finmeccanica, E.ON Gain

U.K. Economy Shrank Most Since 1990 in Third Quarter, Exceeding Estimates

Polish Central Bank Cuts Benchmark Interest Rate More Than Forecast to 5%

Pound Falls Against Euro as Economy Shrinks More Than Economists Forecast

U.K. Economy Contracted 0.6% in Third Quarter, Shrinking Most Since 1990

European Two-Year Notes Rise for Seventh Day as Italian Confidence Slips

Gazprom Approves $32.5 Billion Spending to Develop Gas Fields, Pipelines

U.K. Retailers Have Worst Christmas `For Many Years,' Seymour Pierce Says

Asian Stocks Fall as Toyota Forecast Fans Recession Concern; Hyundai Drops

Taiwan Export Orders, Industrial Output Fall by Record on Global Recession

China Steps to Increase Consumer Spending May Follow Latest Rate Reduction

China's Currency Regulator to Loosen Trade Prepayment Rules Amid Slowdown

New Zealand Economy Shrinks 0.4% as Recession Deepens on Spending, Exports

HFA Shares Tumble to Record in Sydney After Halting Redemptions on 3 Funds

Toyota's Watanabe May Step Down as President in '09, Making Way for Toyoda

12/22/2008

With the Economy in Shambles, Congress Gives Themselves a Raise

AP Study Finds $1.6 Billion Of Bailout Money Went To Bailed-Out Bank Executives

Bush May Ask Congress to Release Extra TARP Bailout Funds

Commercial Property Industry Seeks U.S. Taxpayer Bailout

Madoff’s Investors Had About $36 Billion With Firm

Judge OKs Lehman Settlement With Barclays and JPMorgan

China Seeks WTO Probe of US Taxes on Chinese Goods

Long Term Picture for Gold and PM Stocks

TED Spread Narrows to Least Since Lehman Collapse on Rates, Flood of Cash

Money Market Funds Reel as Yields Near Zero

Treasury Two-Year Notes Decline as Sale Draws Higher Yield Than Forecast

U.S. Commercial-Loan Defaults May Triple as Rental Income Drops, Reis Says

Modified Mortgages Fail 55% of the Time in Sign U.S. Efforts Falling Short

MetLife, Prudential, Lincoln Plunge as Commercial-Mortgage Defaults Loom

Oil Falls 3 Percent, Chinese Demand Down

Global M&A Falls in 2008

Wal-Mart Purchase of Chile’s Distribucion y Servicio D&S SA May Be Its Biggest in Latin America

European Stocks Fall for Fourth Day; Daimler, BMW, Randstad Lead the Drop

Brazil and EU Leaders Hold Two Day Summit in Rio de Janeiro

Bank of Ireland, Allied Irish Advance on $7.7 Billion Bailout

UBS Sells Two Units to JPMorgan, Plans More Disposals

Hungary Cuts Benchmark Rate for Second Time in Two Weeks as Inflation Risks Decline

Ruble Falls to 3-Year Low Versus the Dollar on Devaluation, Oil

Oligarchs Seek $78 Billion as Credit Woes Help Putin

Most Asian Stock Markets Decline on Profit Concern; Rio, Hon Hai, DBS Fall

China's Central Bank Lowers Benchmark Rates for Fifth Time in Three Months

Yen Falls Versus Euro, Dollar on Record Drop in Japan’s Exports

Japan Lowers Its Economic Assessment for Third Month as Recession Deepens

Toyota Projects First Operating Loss Since 1941

Taiwan Dollar Falls Most in Seven Years, Stocks Drop as Export Orders Flag

Hong Kong's Inflation Unexpectedly Accelerates to 3.1% on End of Subsidy

Largest Chinese Investors May Sell Shares Worth $539 Billion, Shenyin Says

News: 12/19/2008

GM, Chrysler Will Get $13.4 Billion in U.S. Loans to Survive Through March

UAW Says Bush Added ‘Unfair Conditions Singling Out Workers

Bernanke Rescue Loans Guided by Raters That Graded Subprime Mortgages AAA

Paulson: Congress Needs To Release Second $350 Billion Of Bailout Money

Frank Says Congress to Release More TARP Funds in Return for Housing Aid

Ford Says It Does Not Need Short-Term Loans From Bailout

Madoff Ordered To Produce Accounting By Dec. 31

Madoff Misconduct Said to Date Back to 1970s as Client List Reached 4,000

U.S. Files WTO Case Against China on Aid to Companies

Stocks Vacillate Ending Mixed After White House Auto Bailout

Goldman Sachs, Deutsche Bank, UBS, Eight Institutions Are Lowered by S&P

Libor for Dollars Falls to Four-Year Low on Central-Bank Rate Cuts, Cash

Polaroid in Bankruptcy Again, Cites Petters Charges

New York Oil Falls Below $34 a Barrel as Stockpiles at Cushing, Oklahoma, Climb

GMAC LLC Chairman Merkin’s Gabriel Fund to Liquidate After Madoff Loss

IBM, Sun, and SAP Face `Reckoning' in 2009 as Technology Budgets Shrink

Stocks Fall in Europe, Asia on Recession Concern; U.S. Index Futures Drop

German Producer Prices Drop Most Since Records Began in 1949 as Oil Falls

Ukraine’s Hryvnia Jumps 10% as Central Bank Raises Rate to 22%

UBS, Deutsche, Barclays, HSBC Among 12 Banks Whose Ratings Are Cut by S&P

Central Banks Around The World To Offer Dollar Liquidity But See Demand Waning

Belgian Government to Offer Resignation Over Fortis

Bank of Japan Cuts Key Interest Rate To 0.1%, Pumps More Funds Into Banking System

Yen Rises as Traders Bet BOJ Action Won’t Work, Stocks Fall

Japan to Buy as Much as $223 Billion of Bank-Held Stocks to Boost Lending

Asian Commodity Shares Drop on Oil, Metal Prices; Technology Stocks Gain

Panasonic Offers to Buy Sanyo From Goldman, Creditors, in $9 Billion Deal

Telecommunications Cable Fails, Cutting Data to Middle East

News: 12/18/2008

Obama Says Schapiro Will Reshape SEC, Crack Down on a `Culture of Greed'

Bush Undecided on Auto Plan, Worried About `Putting Good Money After Bad'

Auto Bailout Edges Closer To An 'Orderly' Bankruptcy

GMAC Says Debt Exchange Short of 75% Needed to Raise Capital, Become Bank

Chrysler Shutting Down For One Month Beginning Friday

GM Denies Holding New Merger Talks With Chrysler

Next Set For TARP Now Likely to Be Used for Housing, Stimulus

Greenspan Says Financial Markets Are Likely to Rebound in 6 to 12 Months

U.S. Stocks Decline on GE's Credit Outlook, Oil Slide; Exxon, Chevron Fall

Mortgage Rates Left in the Dust by Falling Treasury Yields, Failed Lenders

U.S. Initial Jobless Claims Hold to Near 26 Year High With 554,000 New Claims Last Week

U.S. Leading Economic Indicators Index Falls 0.4% as Outlook Deteriorates

Crude Oil Tumbles Below $36 a Barrel as Demand Decline Swells Inventories

GE, GE Capital Ratings Outlooks Cut to Negative by S&P on Earnings Concern

European Stocks Fall for Second Day; Carrefour, ASML Drop, Unilever Climbs

ECB Cuts Overnight Borrowing Costs, Lifts Emergency Rate to Revive Lending

Pound Sinks to Record Low Against Euro on Bet BOE May Lower Rates to Zero

Ruble Falls to Record Low Against Euro as Russia Devalues for a Second Day

Russia Again Warns Ukraine About Cutting Off Natural Gas Due To Back Debt

Russia Hosts Nicaragua’s Ortega, Rekindles Soviet-era Alliance

German Business Confidence Drops to Lowest Since 1982 as German Recession Deepens

Germany Plans to Issue Record Volume of Bonds as Budget Expands in Crisis

Polish Industrial Production Falls Most in 16 Years After Exports Dwinndle

Asian Stocks Gain on Rate Cut Optimism, Lower Oil Prices; Cnooc Declines

China Says Lending To US Will Not Go On Forever

Japan's Auto Sales May Fall to Lowest in 31 Years as Recession Cuts Demand

Yen Declines as Nakagawa Says Japan `Has Means' to Halt Currency's Advance

China Cuts Fuel Prices for First Time in Two Years After Crude Oil Slumps

Goldman Sachs Is Said to Have Agreed to Sell its Sanyo Stake to Panasonic

China Faces Pressure to Cut Interest Rates as Prices Cool, Zhou Reiterates

News: 12/17/2008

Bernanke Charts New Fed Course With Zero Rate, Pledge to Purchase Assets

Banks Show No Signs of Easing Credit in Step With Fed Taking Rates to Zero

Credit-Crisis Cost Tops $1 Trillion as Morgan Stanley Posts Quarterly Loss

Madoff Placed Under House Arrest; Wife Ruth Ordered to Surrender Passport

SEC Failed to Act on `Credible, Specific' Allegations on Madoff, Cox Says

Reuters Poll: Public Mood Darkens On Job Fears

U.S. Stocks Fall on Concern Fed Is Running Out of Ammunition

Dollar Falls Most Against Euro Since 1999 Debut After Fed's Rate Reduction

Treasuries Touch Record Lows on Concern Slowdown Far From Over

OPEC Will Reduce Crude Oil Output by 9% in Attempt to Stem Worldwide Glut

Oil Drops $3 As The Record Setting OPEC Output Cut Is Seen As Too Little

Morgan Stanley Reports $2.2 Billion Loss, Wider Than Analysts' Estimates

Chrysler to Idle Full Manufacturing Operation for a Month as Demand Erodes

European Stocks Drop, Led by Banks; BNP Paribas, Deutsche Bank Shares Fall

European Inflation Rate Falls Most in Nearly Two Decades on Oil Price Drop

U.K. Unemployment Rose at Fastest Pace Since '91 in November as BOE Weighed Deeper Cut

Bank Of England Voted 9-0 for Rate Cut to 2% in December, Considered Bigger Reduction

Norway Reduces Key Rate More Than Forecast to 3% to Ease Economic Slowdown

German Government 2009 Borrowing to Be Highest in History, Kampeter Says

Russia May Use Dollar Declines to Weaken Ruble as Devaluation Accelerates

Russia, Azerbaijan, Kazakhstan May Reduce Oil Supply Following an OPEC Cut

Asian Stocks Gain as Federal Reserve Reduces Interest Rates to Record Low

Global Confidence Wanes as World Sinks Into Recession, China Growth Slows

Hong Kong Monetary Authority Cuts Base Rate to 0.5%, Following Fed in U.S.

Tibor Leads Asian Money-Market Rates Down; Libor May Fall on Fed Rate Cut

China to Lower Taxes, Ease Rules on Home Sales to Support Property Market

Fed's Cut to Near Zero Adds Pressure on Bank Of Japan to Lower, Europeans to Follow

Honda Cuts Forecast as Strong Yen Erodes Earnings, Recession Hurts Demand

Rio Iron Ore Shipments From Dampier Port Halved as Steel Mill Demand Falls

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