Archive for October 30th, 2008

Ukraine currency strengthens on hopes of IMF loan (AP)

A worker is seen at a steel factory in Mariupol, southeast of Kiev, Ukraine, Thursday, Oct. 30, 2008. The metal industry, which accounts to 40 percent of Ukraine's exports, suffered tremendously from the global economic crisis on a fall of global demand. (AP Photo/Dmytro Vlasov)AP - Ukraine's battered currency rose Thursday for the first time in days, partly on hopes the country could secure a hefty International Monetary Fund loan to overcome a severe financial crisis.

AP

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UK and Germany say they want more funds for IMF (AP)

AP - The International Monetary Fund needs more money to bail out struggling countries, the leaders of Britain and Germany said Thursday.

AP

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European gains capped by Wall Street (AP)

A man stops and takes a look at an electric market board in Tokyo, Thursday Oct. 30, 2008. Asian stock markets rallied Thursday, led by a 12 percent jump in South Korea, after the U.S. Federal Reserve slashed interest rates to help revive the world's largest economy and opened new credit lines with central banks. Every major index advanced, with Japan's Nikkei 225 stock average gaining 8.4 percent to 8,897.19 as exporters like Toyota and Sony got a boost from the yen continuing to retreat from a 13-year high against the dollar last week. (AP Photo/Katsumi Kasahara)AP - European markets closed only modestly higher Thursday as Wall Street gave up most of its early gains as fears grew about the depth and length of the recession in the U.S. Asian shares were strongly up earlier.

AP

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FTSE 100 shares climb (AFP)

London shares have rallied, coming off earlier lows to finish up 49.11 points as investors by a raft of central bank rate cuts..(AFP/File/Ben Stansall)AFP - London shares rallied on Wednesday, coming off earlier lows to finish up 49.11 points as investors were bouyed by a raft of central bank rate cuts.

AFP

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France: 3 suspects charged in Sarkozy theft case (AP)

France's President Nicolas Sarkozy delivers a speech to local authorities and bankers on state policies to tackle the economic crisis at the Elysee palace, October 30, 2008. REUTERS/Philippe Wojazer (FRANCE)AP - Preliminary fraud charges have been filed against three men who allegedly belonged to a gang that secretly withdrew money from French President Nicolas Sarkozy's personal bank account, an official said Thursday.

AP

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  • European stocks rally as US vote begins (AFP)