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Archive for January 10th, 2008Bernanke says ’substantive’ rate cuts may be neededPosted by UK Economy News
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10Jan 08 Fresh interest rate cuts may be needed to shore up US economic growth amid a protracted housing slump and financial market turmoil, Federal Reserve chairman Ben Bernanke said Thursday.
Read full story Bernanke says ’substantive’ rate cuts may be neededPosted by UK Economy News
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10Jan 08 Fresh interest rate cuts may be needed to shore up US economic growth amid a protracted housing slump and financial market turmoil, Federal Reserve chairman Ben Bernanke said Thursday.
Read full story Comments Off Countrywide soars on report of takeoverPosted by UK Economy News
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10Jan 08 Shares of Countrywide Financial shares rallied Thursday after a report said Bank of America is in "advanced talks" to buy the troubled mortgage lender.
Read full story Comments Off New York state opens antitrust probe of IntelPosted by UK Economy News
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10Jan 08 New York state Attorney General Andrew Cuomo announced Thursday an antitrust probe into semiconductor giant Intel Corp. for possible illegal actions that hurt its main rival, Advanced Micro Devices.
Read full story Comments Off IMF sees US avoiding recession, Fed moves “supportive”Posted by UK Economy News
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10Jan 08 The International Monetary Fund sees the US economy avoiding recession, despite financial sector turmoil and a housing sector slump, a spokesman said Thursday.
Read full story Comments Off GM says China ventures notch sales recordPosted by UK Economy News
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10Jan 08 US auto giant General Motors said Thursday its Chinese joint ventures had sold more than 1.03 million vehicles in China last year, a record annual sales mark in the country by a global automaker.
Read full story Comments Off U.S. Fed signals more rate cuts as Europe holds offPosted by UK Economy News
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10Jan 08 The U.S. Federal Reserve gave a strong signal on Thursday that it plans to slash interest rates later this month, while the European Central Bank and Bank of England held rates steady amid inflation fears.
Read full story Comments Off ECB, BoE hold interest rates, Trichet warns about inflationPosted by UK Economy News
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10Jan 08 The European Central Bank kept its main interest rates on hold Thursday against a background of rising inflation and slowing growth, shortly after the Bank of England (BoE) did the same.
Read full story Comments Off Search widens for Northern Rock rescuePosted by UK Economy News
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10Jan 08 The government is trying to widen the net for potential rescuers of stricken bank Northern Rock and is seeking help from backers in Asia and elsewhere.
Read full story Comments Off Bernanke comments lift U.S. sharesPosted by UK Economy News
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10Jan 08 U.S. stocks turned up after Federal Reserve Chairman Ben Bernanke said the Fed is ready for "substantive" action to counter a weakening economy, while European shares fell on Thursday to their lowest point this year.
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