AP - The world's developed economies, hard hit by the financial crisis, have slid into recession and will shrink further in 2009, a top international organization said Thursday.
AP - Romanian companies in the chemical and fertilizer industry said Thursday they will lay off some 800 workers as their businesses feel the effects of the global economic crisis.
AP - China has agreed to loosen controls on financial news providers in an out-of-court settlement of a dispute with the United State, the European Union and Canada.
AP - Europe's stock markets were mixed Thursday ahead of an expected muted open on Wall Street, as downbeat U.S. corporate news kept investors wary of buying heavily sold-off shares.
AP - Inflation in Ireland has fallen to a two-year low of 4.0 percent as falling demand during the country's economic downturn drives down the prices of many goods, the government Central Statistics Office reported Thursday.
AP - The euro and the pound fell on Thursday as new data showed Europe, the U.S. and Japan sliding into recession and as markets digested a change of direction in the U.S. financial bailout plan.
AP - Industrial conglomerate Siemens AG on Thursday reported a net loss of 2.4 billion euros ($3 billion) for its fiscal fourth quarter, weighed down by large one-time charges that included money set aside for costs related to a bribery investigation.
AP - Russia's battered stock market was in chaos Thursday afternoon as plunging shares led regulators to stop and restart trading several times.
AP - French bank Natixis said Thursday it swung to a loss in the third quarter after setting aside money for its exposure to the bankruptcy of Lehman Brothers and Icelandic banks, and warned that "chaotic" market conditions would lead to further losses this year.
AP - SABMiller PLC which brews Grolsch and Peroni Nastro Azzurro lagers said net profit for the first half of its financial year rose 46 percent because of a one-time, $437 million gain from its role in establishing joint venture MillerCoors.
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