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| Latest financial News |
US financial lobby urges open markets for China
Members of a U.S. financial industry group visiting China this week to push for more open capital markets said they found officials here alarmed by the credit crisis, but eager to work together to resolve problems.
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Bush takes financial reform agenda to APEC forum
George W. Bush makes his last scheduled trip abroad as U.S. president on Friday, heading to an Asia-Pacific summit where he will seek support for global financial reform and hold talks on ending North Korea's nuclear program.
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Paulson defends handling of U.S. financial crisis
SIMI VALLEY, California (Reuters) - Treasury Secretary Henry Paulson on Thursday defended his handling of the financial crisis but refused to say whether any further help will be offered to struggling bank Citigroup.
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Financial Job Losses May Double to 350,000 by 2009 (Update1)
Nov. 21 (Bloomberg) -- The bloodletting in the financial- services industry will accelerate in coming months, with job cuts doubling to about 350,000 worldwide by mid-2009, said Brian Sullivan , chief executive officer of search firm CTPartners.
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Japan minister: financial crisis mainly US fault
The U.S. shoulders a major chunk of the blame in triggering the global financial crisis, Japanese Finance Minister Shoichi Nakagawa said Friday.
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Reform US financial regulation, but not 'in haste': Paulson
US Treasury Secretary Henry Paulson said on Thursday that reform of financial regulation was crucial but warned against hasty action that could lead to harm.
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Financial crisis will not affect us, says Tokyo Olympic bid chief
Tokyo's bid for the 2016 Summer Olympic Games will not be affected by the present global financial crisis their bid chief told AFP here on Thursday.
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Downey Financial could be next bank casualty
Mortgage losses have weakened the S & L to the point that there's little hope it can win government bailout funds, observers say. Reeling from mortgage loan losses, Downey Financial Corp. warned last week that its choices were stark: Raise capital or risk a government takeover.
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| World News In Brief |
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Were the World Mine (2008)
Tanner Cohen, left, and Nathaniel David Becker in “Were the World Mine,” inspired by “A Midsummer Night’s Dream.”
Model Karolina Kurkova world's sexiest woman: report
Lingerie model Karolina Kurkova has been voted the world's sexiest woman by E! entertainment television, beating sultry actresses Angelina Jolie and Scarlett Johansson for the honor.
NATO ready to help Africa, but is not world's policeman: chief
NATO is ready to strengthen its ties with Africa, but Africa should come up with solutions to its problems and not expect NATO to police the world, its secretary general Jaap de Hoop Scheffer said on Thursday.
World stocks down amid fears of deep recession
World stocks fell sharply Thursday as fears of a deep global recession gripped markets and sent oil prices below $50 a barrel to levels not seen in more than three years.
World Bank Arm Backs Small Palm Growers on Climate (Update1)
Nov. 21 (Bloomberg) -- The International Finance Corp. , the World Bank's investment arm, said it will help lenders in Indonesia to finance small-scale palm oil growers to encourage so-called sustainable practices and forestall climate change.
Google to shut down virtual world Lively at year-end
The Internet giant, which launched the site less than five months ago, says it wants to focus on its core search business. Not all Google Inc. endeavors turn into gold. Lively, a virtual world the Internet giant launched less than five months ago, will be shut down at the end of the year so Google can focus on its bread-and-butter search business.
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