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OECD area jumps clear of recession, Britain stuck

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The OECD area of leading industrialised economies pulled clear of recession in the third quarter with 0.8-percent growth but British output still shrank, OECD data showed on Monday. The...

IMF head says world economy 'highly vulnerable'

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The head of the IMF Dominique Strauss-Kahn said here on Monday that although the worst of the global financial storm had passed, the world economy remains "highly vulnerable." "Today the

EADS executives testify in insider trading case

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France's financial watchdog began hearings on Monday into insider trading allegations against more than a dozen current and former executives of European aerospace giant EADS. Former...

Spanish bank may boost China bank stake: report

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Spanish bank BBVA may boost its current stake in China Citic Bank with a 1.6 billion dollar investment, a report said Monday citing sources close to the matter. Spain's second-biggest...

Taiwan to curb China investment: report

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Taiwan plans to restrict Chinese stock investment in strategic sectors, as it seeks to keep control of its economy amid rapidly growing ties with the mainland, local media said Monday. ...

BA warns cabin crew over strike: report

3 hours ago

British Airways chief executive Willie Walsh warned his cabin crew Monday that he will not compromise on cost-cutting measures ahead of possible strike action next month. Walsh told the...

Spanish PM vows sweeping reforms to boost economy

5 hours ago

With Spain facing its worst recession in decades, the government will approve this week a sweeping package of reforms aimed at changing the nation's economic growth model, Prime Minister...

EU recession over, but sharp contrasts in east

23 hours ago

The European Union may have inched out of its sharpest recession since the global slump of the 1930s, but green shoots are not emerging uniformly across the 27-nation bloc's eastern member...

Long-isolated Belarus appeals to foreign investors

23 hours ago

Scorned as Europe's last dictatorship, ranked dismally by rating agencies and possessing few natural resources, Belarus has struggled to attract foreign investors. But now, in a push to...

British business chiefs seek path to recovery

23 hours ago

Britain's business leaders gather here on Monday for an annual conference expected to focus on how companies can recover from the country's longest recession on record. The Confederation

US regional banks grow on the cheap amid crisis

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The 20-year record high bankruptcy rate for US banks and businesses is giving regional banks on sound footing the opportunity to expand swiftly and on the cheap. "It's a significant...

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