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By Lesley Wroughton Sat Oct 11, 8:24 PM ET WASHINGTON (Reuters) - Finance leaders from the International Monetary Fund's 185 member countries on Saturday endorsed a plan by major economies to chart a course out of the credit crisis, hoping the broader s..
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By Jonathan Lynn Thu Oct 9, 5:59 AM ET GENEVA (Reuters) - Business is booming in the trade finance market as exporters and importers return to a tried and tested form of credit amid the chaos of the financial crisis, bankers in the sector say.
Demand f..
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By Keith Weir 1 hour, 39 minutes ago LONDON (Reuters) - Finance ministers from the world's top economies faced calls on Thursday for united action after an emergency round of interest rate cuts and government support for ailing banks won only muted mark..
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2 hours, 27 minutes ago WASHINGTON (Reuters) - Former U.S. Federal Reserve Chairman Alan Greenspan on Sunday said he suspected "we will see other major financial firms fail," but it did not need to be a problem.
"It depends on how it is handled and how..
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38 minutes ago WASHINGTON (Reuters) - The U.S. Treasury Department is close to finalizing a plan to buttress mortgage finance companies Fannie Mae (FNM.N) and Freddie Mac (FRE.N), the Wall Street Journal reported on Friday.
Citing people familiar with..
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By Ellis Mnyandu 30 minutes ago NEW YORK (Reuters) - Stock index futures were little changed on Friday as news of a fourth straight quarterly loss by home finance company Fannie Mae (FNM.N) offset lower oil prices.
The drop in oil prices buoyed hopes t..
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Fri Jul 18, 8:24 PM ET LONDON (AFP) - Britain's economic downturn is worse than previously thought and there is no extra money available for public spending, finance minister Alistair Darling said in an interview published Saturday.
The chancellor of t..
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Tue Jul 15, 12:48 AM ET NEW YORK (Reuters) - Time Warner Inc's (TWX.N) AOL will launch a personal finance site on Tuesday, adding to a roster of new properties that do not bear its name.
The new site, called WalletPop.com, is a spin-off of AOL's Money..
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By Scott Malone 1 hour, 30 minutes ago BOSTON (Reuters) - General Electric Co (GE.N) on Friday posted a second quarter profit that met Wall Street forecasts, helped by better-than-expected results at the company's finance operations and sending shares h..
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by Daniel Rook 1 hour, 52 minutes ago OSAKA (AFP) - World finance chiefs warned on Saturday runaway oil prices could imperil global economic growth, calling on producers to open up the taps and tasking the IMF to investigate wild market swings.
The wea..
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1 hour, 34 minutes ago LONDON (Reuters) - HSBC (HSBA.L) is underestimating problems at its troubled U.S. consumer finance arm, a rebel shareholder said on Monday and called on the bank to appoint an independent financial advisor to consider options for..
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BY HARRY DUNPHY, Associated Press Writer 2 hours, 19 minutes ago WASHINGTON - International finance leaders are working on plans to deal with the economic crisis that has roiled nations and sent food and energy prices soaring.
The World Bank's policy-s..
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By Louise Egan and Gernot Heller Sat Apr 12, 4:17 AM ET WASHINGTON (Reuters) - Finance chiefs from rich nations offered a gloomier assessment of the global economy on Friday and vowed to act swiftly on wide-ranging reforms aimed at moving beyond a credi..
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By Swaha Pattanaik and Gernot Heller 1 hour, 40 minutes ago WASHINGTON (Reuters) - Finance chiefs from rich nations gathered on Friday to agree on the best course to navigate beyond a credit crisis that threatens to trigger a global recession.
With fre..
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By JEANNINE AVERSA, AP Economics Writer 2 hours, 38 minutes ago WASHINGTON - Consumers increased their borrowing in January, especially relying on credit cards to finance their purchases.
The Federal Reserve reported Friday that consumer credit increas..
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by Daniel Rook 1 hour, 3 minutes ago TOKYO (AFP) - Top world finance ministers warned Saturday that the global economy faces growing threats from a US housing slump and credit crunch and said they were ready to take remedial action if needed.
But the f..
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By Brian Love and Gavin Jones Sat Feb 9, 5:40 AM ET TOKYO (Reuters) - Finance leaders of the world's top industrialized nations put on a show of solidarity on Saturday in the face of an economic slowdown and conceded that things could get even worse bec..
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By Mathieu Robbins 1 hour, 41 minutes ago LONDON (Reuters) - British financier Guy Hands, known for his outspoken views, has sent bankers, investors and journalists a letter of best wishes for 2008 with a Christmas gift of a book -- "The Great Crash 192..
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1 hour, 8 minutes ago NEW YORK (Reuters) - Freddie Mac (FRE.N), the mortgage finance company that stunned Wall Street with a $2 billion quarterly loss earlier this week, plans to sell $5 billion of preferred stock in a deal to be launched as early as ne..
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21 minutes ago WASHINGTON (Reuters) - Freddie Mac (FRE.N), the second-largest U.S. mortgage finance company, on Tuesday posted a wider third-quarter loss and missed analysts' estimates as a jump in failing loans forced it to set aside $1.2 billion.
Its..
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