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UPDATE 1-Turk c.bank says fx reserve rate may be cut further
Published December 4, 2008, 11:51 pm, The Forex Market
ANKARA, Dec 5 (Reuters) - Turkey's central bank said on Friday that banks' foreign exchange reserve requirements could be lowered again if global market problems worsen, after the rate was cut to 9 percent from 11 percent.
European Stock-Index Futures Fall; BP, Shell, TNT May Decline
Published December 4, 2008, 11:51 pm, Bloomberg
Dec. 5 (Bloomberg) -- European stock-index futures dropped, following declines in the U.S., as oil traded below $44 a barrel and investors speculated a report will show U.S. employers cut jobs last month at the fastest pace in a quarter century.
South Africa: Task Team to Tackle Fallout From Financial Crisis
Published December 4, 2008, 11:50 pm, AllAfrica.com
Johannesburg — PRESIDENT Kgalema Motlanthe yesterday moved to mitigate the effects of the financial crisis when the government decided to set up a special task team to look at how best to cope with the knock-on effect of job losses in SA.
South Africa: Vehicle Rental Companies Have Hit a Rough Spot
Published December 4, 2008, 11:50 pm, AllAfrica.com
Johannesburg — CAR rental companies are struggling to stay profitable in the face of a severe slump in the used-car market and slowdown in the car-hiring business.
Britain's Brown urges banks to pass on rate cut
Published December 4, 2008, 11:50 pm, The Forex Market
LONDON, Dec 5 (Reuters) - British Prime Minister Gordon Brown urged banks on Friday to pass on the Bank of England's interest rate cut to homeowners and said his government would take steps to try to cut the interbank lending rate.
GLOBAL MARKETS-Asian shares edge up; caution before US data
Published December 4, 2008, 11:50 pm, The Forex Market
HONG KONG, Dec 5 (Reuters) - Asian shares edged higher on Friday following record rate cuts by central banks in Europe, though plenty of caution remained, lifting the dollar ahead of what is expected to be dismal U.S. employment data.
Asian stocks, mixed on Friday following another negative session in Wall Street
Published December 4, 2008, 11:50 pm, The Forex Market
FXstreet.com (Barcelona) – Asian stock indexes are mixed on Friday following a negative session in Wall Street Thursday, weighed by pessimistic economic data and heavy rate cuts by European Banks.
Five Home-buying Myths
Published December 4, 2008, 11:49 pm, Carteret County News-Times
(ARA) - As first-time homebuyers grow curious about the home-buying process, they often turn to friends and family for advice about purchasing a home. While these sources can provide useful tips and information, they also may perpetuate some common home-buying myths.
Oil Set for Biggest Weekly Fall Since March 2003 on Demand Drop
Published December 4, 2008, 11:48 pm, Bloomberg
Dec. 5 (Bloomberg) -- Crude oil is set for its biggest weekly decline since March 2003, trading near a four-year low as the economic contraction and job losses in the U.S. cause a slump in fuel demand.
Dollar Heads for Weekly Decline Versus Yen Before U.S. Payrolls
Published December 4, 2008, 11:48 pm, Bloomberg
Dec. 5 (Bloomberg) -- The dollar headed for a fifth weekly decline against the yen, its longest losing streak in four years, before a U.S. report that economists say will show the unemployment rate rose to the highest level since 1993.
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