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AFP - The global economic storm raged unabated on Monday with fresh warnings of recession, lost earnings and mass job cuts but a huge Chinese economic stimulus plan boosted world stock markets.
Comments Off Reuters - Stocks opened higher on Monday, with big U.S. exporters including General Electric leading gains following China's plan of a multibillion economic stimulus to shore up the world's fourth-largest economy.
Comments Off AP - Sweden's financial regulator says it has revoked the banking license from troubled investment bank Carnegie and that Sweden's national debt office will take control of the bank.
Comments Off AP - Low-cost travel operators could be the big winners from the global economic downturn even as tourism faces a tough year in 2009, a report said Monday.
Comments Off AP - European stock markets traded higher Monday ahead of expected solid gains on Wall Street as sentiment across the world was boosted by China's $586 billion plan to stimulate its economy, a main driver of global growth.
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