WTO meeting to ease credit shortage for trade (AP)

AP - The World Trade Organization has summoned leaders of top banks to find new ways to finance the global exchange of goods and services, which faces a slowdown because of the tight credit constraints caused by the financial crisis.
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AP - Spain's government has unveiled a plan to help families struggling to make their mortgage payments and reward businesses that hire new workers amid the financial crisis.
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AP - Russia's president says the United States is to blame for the global financial crisis — and presents his case in an online preview of his state-of-the-nation speech.
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AFP - The 15 countries using the euro have slumped into a shallow recession in the face of the worst financial crisis in generations, the European Commission estimated on Monday.

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Continue reading about EU estimates eurozone has slumped into recession (AFP)

AP - Europe's stock markets opened modestly higher Monday after solid gains in Asia overnight and amid mounting expectations that the European Central Bank and the Bank of England will aggressively cut borrowing costs this week.

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Continue reading about European markets open higher amid rate cut hopes (AP)

AP - The Bank of England and the Swiss National Bank on Monday continued their daily offers for overnight dollar loans, though demand for the money continued to wane — an indication that short-term bottlenecks in crisis-stricken credit markets are easing further.
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AP - Commerzbank AG said Monday its third quarter net profit fell 16 percent on losses and writedowns caused by the financial crisis and said it would take advantage of billions of euros in government bailout funds.
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Continue reading about Commerzbank 3Q net profits fall, to get bailed out (AP)

AP - The European Commission forecast Monday that the economy in the 15 countries that use the euro will barely grow next year, expanding just 0.1 percent as the financial crisis hits hard.
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Continue reading about EU: Euro economy to barely grow next year (AP)

AP - Commerzbank AG said Monday it will use funds from the German government's bailout package to strengthen its capital base.
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Continue reading about Commerzbank to use government bailout money (AP)