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A poll of 1,118 senior executives reveals that consultancy sector managers and leaders are calling for calm in the face of the continued economic gloom.
Republican John McCain Monday desperately sought to win back voters hit by the economic crisis and flocking in droves to Democrat Barack Obama, saying he had a plan to stop the meltdown.
Risk appetite seems to be on the rebound and the currency markets are recovering from sharp rallies across the board through consolidation. Often times, the low volatility period that follows incredible periods of price action leads to congestion.
Japanese car manufacturer Nissan is laying off 1,680 workers at one of its plants in Spain because of poor demand, a company official said Monday.
The world's financial stewards bet solidly on recapitalizing ailing banks as the fastest way out of the financial crisis in a clear new direction on Monday that reinvigorated stock markets after their worst week in history.
NEW YORK (Reuters) - Global stocks soared in their biggest one-day advance in at least 20 years on Monday while oil prices jumped after European governments took bold steps to restore market confidence and avert a worldwide recession.
NEW YORK (Reuters) - The world bet solidly on recapitalizing ailing banks as the fastest way out of the financial crisis in a clear new direction on Monday that reinvigorated stock markets after their worst week in history.
Oct. 13 (Bloomberg) -- Stocks rallied worldwide, with the Standard & Poor's 500 Index rebounding from its worst week since 1933, and oil climbed from a 13-month low after governments in Europe, the U.S. and Asia agreed to support banks.
Oct. 13 (Bloomberg) -- Crude oil rose, rebounding from last week's 17 percent plunge, as governments in the U.S. and Europe acted to stem the worst financial crisis since the 1930s.
By ANGELA CHARLTON and EMMA VANDORE PARIS (AP) -- European governments overcame their differences to put $2.3 trillion on the line Monday in guarantees and other emergency measures to save the banking system in their most unified response yet to the global financial crisis.
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