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Sat, 06 Sep 2008 10:36 PM
The president of the European Central Bank said Saturday that the economic squeeze has "hit rock bottom," telling Italian television that he expects a "gradual revival" over the course of 2009.
Tue, 02 Sep 2008 09:51 AM
The euro fell below the 1.45 dollars level for the first time since February 12 as the market anticipated lower interest rates in the euro zone.
Tue, 02 Sep 2008 08:36 AM
The German logistics group Deutsche Post could decide by mid-September on the future of its banking subsidiary Postbank, a press report said Tuesday as sector consolidation shifted up a gear.
Tue, 02 Sep 2008 07:21 AM
South Korea's state-run Korea Development Bank (KDB) confirmed Tuesday it is holding talks about a possible investment in troubled US investment bank Lehman Brothers.
Tue, 02 Sep 2008 04:51 AM
South Korea's government will take "stern" measures to curb panicky currency market fluctuations which have sent the won plummeting against the dollar, a senior policymaker said Tuesday.
Mon, 01 Sep 2008 10:36 PM
Brazil will on Tuesday start to tap a deepwater offshore oil field that could presage how difficult it will be to pump reserves in vast new fields located even farther out to sea.
Mon, 01 Sep 2008 10:21 PM
GULF: Qatar Telecoms Company (Qtel) has said it is studying the possibility of bidding for Iran&...
Mon, 01 Sep 2008 04:21 PM
The price of oil tumbled below 110 dollars on Monday, reaching the lowest level in four months, as a weakening Hurricane Gustav reduced the threat of damage to energy facilities in the Gulf of Mexico.
Mon, 01 Sep 2008 02:06 PM
Annual inflation in Saudi Arabia accelerated to 11.1 percent in July, its highest level in at least 30 years, due mainly to increases in food and housing costs, official data showed on Monday. The cost of living index for the largest Arab economy hit 117.3 points on July 31 compared with 105.6 points a year earlier, th...