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Oil falls below $54 ahead of OPEC meeting - Edmonton Sun
Oil prices fell below $54 a barrel Friday as a gloomy outlook for global crude demand overshadowed expectations that OPEC might announce a production cut this weekend. By midday in Europe, light, sweet crude for January delivery was down 88 cents to ...

TOPWRAP 3-China slashes rates, EU launches stimulus plan - Forbes
LONDON, Nov 26 (Reuters) - Massive stimulus plans to drive the world out of recession took centre stage on Wednesday with the European Union considering a 200 billion euro boost and China announcing its biggest interest rate cut in 11 years. The ...

TOPWRAP 4-China slashes rates, EU stimulus called for - Forbes
LONDON, Nov 26 (Reuters) - Massive stimulus plans to drive the world out of recession took centre stage on Wednesday with the European Union asked to provide a 200 billion euro boost and China announcing its biggest interest rate cut in 11 years. The ...

China slashes interest rates; EU asked for stimulus boost - China Post
LONDON -- Massive stimulus plans to drive the world out of recession took center stage on Wednesday with the European Union asked to provide a 200 billion euro boost and China announcing its biggest interest rate cut in 11 years. The moves came on ...

Oil prices 'will not rebound' - News.com.au
OPEC predicted that world oil prices will not rebound until mid-2009, after the cartel left its output unchanged at a consultative meeting in Cairo. "The prices will not begin to rise before the second half of 2009,'' said OPEC Secretary General ...

European Stock-Index Futures Advance; U.S. Index Futures Drop - Bloomberg
Dec. 1 (Bloomberg) -- European stock-index futures advanced as expectations of lower interest rates overshadowed a retreat by energy companies on lower oil prices. U.S. index futures declined. BHP Billiton Ltd., which gets 16 percent of its sales ...

Stocks plunge after dour economic data, confirmation of recession - San Jose Mercury News
Dec 1: Bernanke: Lower interest rates 'feasible' Bush: 'I'm sorry' about economic crisis It's official: U.S. recession began in 2007 October construction spending drops 1.2 percent Manufacturing index drops to 26-year low NEW YORK — Confirmation ...

Dow plunges nearly 700 points - San Jose Mercury News
Dec 1: Manufacturing index drops to 26-year low Mike Cassidy: The ripples continue It's official: U.S. is in recession '” since 2007 Dec 1: Bernanke: Lower interest rates 'feasible' Bush: 'I'm sorry' about economic crisis It's official: U.S. is in ...

Weekly Market Outlook: Uncertainty Looms Over Energy and Currencies - Seekingalpha.com
Hurricane season is now behind us, however there were some serious storms brewing last week in Mumbai, India as terrorists killed more than 150 and injured over 300. China announced its biggest interest rate cut in decades, raising the prospect that ...

FTSE 100 Posts Record Weekly Advance; British Airways Increases - Bloomberg
Nov. 28 (Bloomberg) -- The FTSE 100 Index posted its biggest-ever weekly increase. British Airways Plc advanced for a sixth straight day as oil fell 5 percent in New York. The FTSE 100 added 61.91, or 1.5 percent, to 4,288.01, rising 13.4 percent in ...