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Thu, 08 Jan 2009 16:36:27 -0500

Obama pushes stimulus, warns on recession
WASHINGTON (Reuters) - President-elect Barack Obama warned on Thursday that the U.S. economy could stay mired in recession for years without bold action and he urged lawmakers to work day and night to pass a massive stimulus plan.

Thu, 08 Jan 2009 17:32:15 -0500

Citi backs Senate mortgage bankruptcy reform: senators
WASHINGTON (Reuters) - Financial giant Citigroup Inc has agreed to support a controversial rewrite of U.S. bankruptcy law aimed at helping troubled mortgage borrowers avoid foreclosure, lawmakers said on Thursday.

Thu, 08 Jan 2009 17:31:26 -0500

Israel faces criticism as Gaza toll hits 765
GAZA (Reuters) - Recovery teams ventured into battlegrounds of the Gaza Strip on Thursday to gather bodies from the rubble, and Hamas officials said the Palestinian toll in Israel's 13 day-old offensive rose to 765 dead.

Thu, 08 Jan 2009 17:24:06 -0500

Wal-Mart and other retailers warn after weak December
CHICAGO (Reuters) - Wal-Mart Stores Inc and other top U.S. retailers delivered disappointing December same-store sales and profit warnings on Thursday, sparking fresh recession concerns that hit stock and currency markets.

Thu, 08 Jan 2009 17:26:48 -0500

Madoff had $173 million in checks ready, U.S. says
NEW YORK (Reuters) - Accused swindler Bernard Madoff had signed checks totaling more than $173 million in his office desk ready to be sent out before his arrest, U.S. prosecutors said in court papers on Thursday asking a judge to jail him.

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Thu, 08 Jan 2009 23:01:00 GMT

German exports dive in November - Associated Press
BERLIN (AP) -- Germany saw its sharpest monthly drop in exports in November since the country's reunification in 1990, official estimates showed Thursday, underlining the urgency of government efforts to put together a new multibillion-euro stimulus ...
Thu, 08 Jan 2009 21:06:00 GMT

Cuba says exports of services tops $9 billion - FXStreet.com
HAVANA, Jan 8 (Reuters) - Cuban exports of services grew by 6.2 percent in 2008, topping the $9 billion mark for the first time and consolidating their position as Cuba's most important source of foreign exchange, the government said this week. The ...
Thu, 08 Jan 2009 18:22:00 GMT

UPDATE: Brazil Coffee Exports At 29.3M Bags In '08 -Cecafe - Wall Street Journal
SAO PAULO (Dow Jones)--Brazil's total coffee exports reached a record 29.3 million 60-kilogram bags in 2008, the Brazilian Green Coffee Exporters Council, Cecafe, said Thursday. Brazilian coffee exports in 2008 were 4.4% above Brazilian coffee ...
Thu, 08 Jan 2009 19:33:00 GMT

Turkey Says No Problem Over Gas Exports to Greece - The Epoch Times
ANKARA—Turkey's natural gas exports to Greece are continuing and do not present problems, Turkish Energy Minister Hilmi Guler said on Thursday as a price row between Russia and Ukraine was choking supplies to Europe. He also said he believed it was ...
Thu, 08 Jan 2009 17:03:00 GMT

Putin:Russia to resume gas exports under EU monitors - Reuters
NOVO-OGARYOVO, Russia, Jan 8 (Reuters) - Russia will resume gas exports to Europe as soon as EU monitors arrive at gas compressor stations along the route, Prime Minister Vladimir Putin said on Thursday. "As soon as people show up there and really ...

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Thu, 08 Jan 2009 23:29:21 GMT

Could China's growth sputter to 0 percent?
Anyone who said a year ago that China's economy was crisis-bound was dismissed out of hand.
Thu, 08 Jan 2009 23:29:11 GMT

Ecuador inflation hits 8.8 percent in 2008
Ecuador says inflation more than doubled in 2008 to a six-year high of 8.8 percent.
Thu, 08 Jan 2009 23:18:14 GMT

Obama Picks New D.N.C. Chairman
Gov. Tim Kaine and President-elect Barack Obama in Washington on Thursday. Where was Howard Dean ? President-elect Barack Obama came to Democratic National Committee headquarters in Washington - " the place ...
Thu, 08 Jan 2009 23:10:59 GMT

With 2008 behind us, what lies ahead for Chinese containerboard industry in 2009?
Having just returned from a two week trip to Japan, South Korea and Taiwan last month, it appears that the 2008 economic and financial storm is still hammering all these Asian economies.
Thu, 08 Jan 2009 23:09:10 GMT

European pessimism grows; U.S. jobs, retail slump
Economic weakness in Europe worsened and U.S. jobless rolls swelled as disappointing sales from Wal-Mart, the world's largest retailer, and other retailers on Thursday showed that consumers are still wary about ...

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