Archive for November 7th, 2008

Dollar mixed, gold down in Europe (AP)

AP - The U.S. dollar was mixed against other major currencies in late European trading Friday. Gold rose.

AP

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EU leaders: World has 100 days to fix system (AP)

AP - European Union leaders backed a 100-day deadline by which the world's leading economies should decide urgent global finance reforms, French President Nicolas Sarkozy said Friday.

AP

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BA shares soar 12 pct, despite $77 million 1H loss (AP)

AP - British Airways PLC on Friday reported a first-half net loss of 49 million pounds ($77 million), as record high oil prices and a global economic slowdown hit the airline's bottom line.

AP

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World markets recover after two-day losing streak (AP)

A broker watches displays showing stock prices at a brokerage firm in Hong Kong Friday, Nov. 7, 2008. Asian stock markets retreated for a second day Friday as downbeat company forecasts and slugging U.S. economic data stoked pessimism about the global economy. (AP Photo/Vincent Yu)AP - Wall Street and European stock markets rose Friday after two days of losses as stocks seemed excessively beaten down to some and U.S. unemployment data turned out better than the market's worst fears.

AP

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London FTSE sharply up (AFP)

London shares closed sharply higher, getting a boost from gains on Wall Street as investors bet that a very weak US jobs report would prompt more interest rate cuts.(AFP/File/Shaun Curry)AFP - London shares closed sharply higher Friday, getting a boost from gains on Wall Street as investors bet that a very weak US jobs report would prompt more interest rate cuts.

AFP

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