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biz.yahoo.com
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WASHINGTON (AP) -- The Federal Reserve on Wednesday sharply lowered its projections for economic activity this year and next, and signaled that additional interest rate reductions may be needed to help combat the worst financial crisis to jolt the country..
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biz.yahoo.com
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After rising for much of last week, key lending rates hit the brakes Monday. Treasurys rose at the beginning of a week that economists expect will deliver a slew of ugly economic indicators.
The 3-month Libor rate held steady at 2.24%, and the overnight..
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biz.yahoo.com
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NEW YORK (AP) -- Wall Street retreated Friday from the previous session's big gains as investors digested more downbeat economic news and took little comfort from hints from that another interest rate cut might be possible. The Dow Jones industrials fell..
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biz.yahoo.com
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WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke pledged Friday to work closely with other central banks to fix global financial problems and left open the door to a fresh interest rate cut to help brace the sinking U.S. economy.
"The continuing..
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biz.yahoo.com
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NEW YORK (AP) -- The gradual loosening in bank-to-bank lending may be pausing -- a key interbank lending rate on Thursday rose, albeit modestly, for the first time in 23 days.
The London interbank offered rate, or Libor, for three-month dollar loans rose..
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biz.yahoo.com
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WASHINGTON (AP) -- Consumers boosted their borrowing in September, defying expectations for a cutback.
The Federal Reserve's report, released Friday, says consumer credit increased at a 3.2 percent annual pace in September. That was up from a 2.9 percent..
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biz.yahoo.com
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Lending rates fell again Friday, but as the cost of borrowing eases, some government data suggest private lending is not expanding.
The 3-month Libor rate dropped to 2.29% from 2.39% on Thursday, according to Dow Jones, marking the rate's lowest point si..
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biz.yahoo.com
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COLUMBUS, Ohio (AP) -- Oil prices were sedentary Friday after this week's giant sell-off, despite a government report showing the unemployment rate hit a 14-year high last month and predictions from an international energy agency that put the price of cru..
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biz.yahoo.com
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By Glenn Somerville
WASHINGTON (Reuters) - U.S. employers slashed an unexpectedly steep 240,000 jobs from payrolls last month and the jobless rate shot up to a 14-1/2-year high, the government said on Friday in a report underscoring the economy's steep s..
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biz.yahoo.com
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NEW YORK (AP) -- Wall Street's hopes for a Friday rebound have been shaken by a worse-than-expected jobs report.
The Labor Department says the nation's employers cut 240,000 jobs in October, hurtling the U.S. unemployment rate to a 14-year high of 6.5 pe..
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biz.yahoo.com
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WASHINGTON (AP) -- The nation's unemployment rate bolted to a 14-year high of 6.5 percent in October as another 240,000 jobs were cut, the government said Friday. It was stark proof the economy is almost certainly in a recession.
The new snapshot, releas..
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biz.yahoo.com
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LONDON (AP) -- World stock markets slumped Thursday after interest rate cuts across Europe, including a much bigger than anticipated reduction from the Bank of England, were not enough to keep investors from fretting about the outlook for the global econo..
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biz.yahoo.com
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Lending rates remained near historically low levels Wednesday as banks struggled to put the credit crisis behind them.
Prices for ultra-safe U.S. Treasury bills were mixed as stocks fell and investors geared up for several debt auctions scheduled for nex..
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biz.yahoo.com
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Several European banks slashed interest rates Thursday morning. But that should not be the end of it.
Some market observers said that Europe needs to cut rates even more in order to have any meaningful positive impact.
The Bank of England is off to a go..
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biz.yahoo.com
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Lending rates fell Tuesday to levels not seen since before Wall Street's credit crisis erupted in mid-September.
The 3-month Libor rate dropped to 2.71% from 2.86% on Monday, marking its lowest point since June 9. This is also the first time the rate has..
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biz.yahoo.com
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NEW YORK (AP) -- The unemployment rate in Detroit was 9.6 percent in September, according to the Labor Department. But more than 1,100 advertisements seeking registered nurses in the Detroit area can be found online.
Around Riverside, Calif., where unemp..
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biz.yahoo.com
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MUMBAI, India (AP) -- India's central bank on Saturday cut the nation's key interest rate by a half point to 7.5 percent and slashed the cash reserve ratio, saying additional liquidity is needed to fuel growth in the face of a brewing global recession.
T..
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biz.yahoo.com
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NEW YORK (AP) -- Major stock indexes shot up more than 10 percent this week, but yields on Treasury bills fell anyway -- suggesting demand is still high for the ultimate safe investment.
While investors are relieved that the credit markets are functionin..
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biz.yahoo.com
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Lending rates continued to fall Friday, in a sign that the government's numerous plans to ease the credit crisis are taking hold.
The 3-month Libor rate sank lower to 3.03% from 3.19% on Thursday, and the overnight Libor rate fell for the fifth-straight..
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finance.yahoo.com
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U.S. Treasury prices fell Thursday, as investors shifted funds to stocks throughout the world following rate cuts by Federal Reserve and other central banks.
The Fed lowered its key funds rate to 1% on Wednesday, with banks in Hong Kong and Taiwan follow..
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