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TORONTO - Fairfax Financial Holdings Ltd. (TSX:FFH) plans to buy up the stake in commercial insurer Northbridge Financial Corp. (TSX:NB) it
Fresh off Thanksgiving feasts that left many loosening a belt a notch, it might be hard to imagine what the ache of hunger feels like. But for a rapidly growing number of Winona County people, that ache is something they go to bed with every night and wake up with every morning.
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Canada's economic output in the third quarter rose by 0.3 per cent from the previous period, to $1.33 trillion, but most of the gain occurred in July before the advent of the global economic crisis, according to new data from Statistics Canada.
NEW YORK, Dec 1 (Reuters) - U.S. bank stocks tumbled on Monday on expectations that a deepening global economic slump will reduce employment, crimp borrowers' access to credit and spur more writedowns.
LONDON, Dec 1 (Reuters Life!) - A 2.5 percent cut in Britain's Value Added Tax came into force on Monday as retailers geared up for what they hope will be a pre-Christmas shopping rush.
NAIROBI, Dec 1 (Reuters) - Kenya's central bank cut its benchmark lending rate to 8.5 percent from 9.0 percent and reduced cash ratio requirements to 5 percent hoping to boost liquidity and spur consumer spending during the festive season.
BERLIN, Dec 1 (Reuters) - German Economy Minister Michael Glos said he was increasingly worried about the country's car supplier market and that an economic downturn in the sector could soon hit the German labour market.
The Dublin shares market fell despite a 15pc surge in Aer Lingus shares as European indices slumped following a string of negative economic indicators.
(Updates with further details.) BRUSSELS -(Dow Jones)- The European Union's internal market commissioner said Monday that he will launch a wide-ranging consultation on what rules and what kind of supervision are required for hedge funds.
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