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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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2 hours, 43 minutes ago LONDON (Reuters) - Europe's biggest bank HSBC Holdings (HSBA.L) is this week expected to unveil a further big hit from its exposure to the U.S. mortgage crisis.
HSBC Finance, the unit formerly called Household, will unveil third..
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Fri Nov 9, 11:57 AM ET WASHINGTON (Reuters) - Fannie Mae (FNM.N), the largest U.S. mortgage finance company, said on Thursday its third-quarter net loss doubled from last year as slumping home prices and a credit squeeze drove down values of mortgage se..
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Tue Oct 23, 9:49 PM ET OTTAWA (AFP) - Canada's finance minister called on wholesalers and retailers on Tuesday to lower their prices to make them reflect the new strength of the Canadian dollar, which is now stronger than the US greenback.
To make his..
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By Lesley Wroughton Sat Oct 20, 9:08 PM ET WASHINGTON (Reuters) - Global finance chiefs on Saturday made progress on reforms that would give emerging economies a greater say in the International Monetary Fund and expressed confidence they could seal a d..
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By Lesley Wroughton 54 minutes ago WASHINGTON (Reuters) - Global finance chiefs on Saturday called for a more broad-based effort to calm financial markets, including tighter scrutiny by the International Monetary Fund and other institutions of increasin..
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