Archive for October 30th, 2008

Czech growth forecast down to 3.7 percent in 2009 (AP)

AP - The Czech Republic on Thursday slashed its economic growth forecast for 2009 to 3.7 percent from the previous estimate of 4.8 percent to account for the impact of the global financial crisis.

AP

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Dollar falters as risk appetite returns (AP)

AP - The U.S. dollar has slid as investors grow more willing to take risks and buy stocks, easing demand for the currency as a safe haven.

AP

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UK must cut interest rate, says BoE policy maker (AP)

AP - Bank of England policy maker David Blanchflower said the bank must cut its interest rate soon, and by a significant measure, to ward off the threat of deflation as the British economy enters a recession.

AP

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Thousands throng to opening of huge London mall (AP)

People walk around the new Westfield mall after the grand opening in London, Wednesday Oct. 30, 2008. With marble floors, crystal chandeliers and a champagne bar, the Westfield London mall is glitzy and big. But when the doors open Thursday, the retail temple faces the most daunting retail environment in recent memory.(AP Photo/Lefteris Pitarakis)AP - It took Ella Jenkins and two teenage pals less than 15 minutes to give a thumbs up to London's biggest mall, which opened Thursday despite the gloomy economic climate that threatens to dampen vital Christmas sales.

AP

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British American Tobacco 3Q net profit up 9.5 pct (AP)

AP - British American Tobacco PLC, Europe's largest cigarette maker, said Thursday net profit rose 9.5 percent in the third quarter on better sales of global brands, particularly in emerging markets, and a gain from changes in currency values.

AP

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  • US, European stocks falter as Obama wins US presidency (AFP)