Archive for November 9th, 2008

Deutsche Post ready to cut jobs, costs in US (AP)

AP - Logistics and shipping company Deutsche Post AG is set to announce thousands of job cuts at its DHL shipping unit in the United States, part of a sweeping program to save money, a person familiar with the announcement says.

AP

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G20 vows action on crisis, bigger voice for smaller economies (AFP)

G20 vows action on crisis, bigger voice for smaller economies (AFP)AFP - Major nations pledged Sunday "all necessary steps" to boost sagging market confidence and to give a bigger voice to developing countries in global economic affairs.

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G20 agreed on need for world finance reform: EU ministers (AFP)

G20 agreed on need for world finance reform: EU ministers (AFP)AFP - Finance ministers and central bankers from the world's biggest developed and developing economies are agreed on a need to overhaul international institutions in light of the global crisis, British Finance Minister Steve Timms said Sunday.

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Latvian government takes over major bank (AP)

AP - Latvia's government has decided to take over the nation's No. 2 financial institution after the bank ran into a liquidity crisis, an official said Sunday.

AP

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  • France: EU should demand global financial reforms (AP)