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Further 15-20% decline in prices in select micro-markets possible
Published December 1, 2008, 9:20 pm, Business Standard India
The real estate sector may be passing through a period of stress, but the long-term outlook continues to be positive, despite the terrorist attacks on Mumbai or the liquidity crunch.
News in Brief
Published December 1, 2008, 9:16 pm, San Jose Mercury News
local, stateChevron cleared in deaths of NigeriansA federal jury on Monday cleared Chevron of responsibility for any human rights abuses during a violent protest on a company oil platform in Nigeria a decade ago.
China’s Yuan Trades at 5-Month Low on Policy Shift Speculation
Published December 1, 2008, 9:04 pm, Bloomberg
Dec. 2 (Bloomberg) -- China’s yuan traded at a five-month low on speculation the central bank favors a weaker currency to support exporters two days before U.S. Treasury Secretary Henry Paulson visits Beijing to push for further appreciation.
UAW leaders called to Detroit to consider ways to aid Big 3 loans
Published December 1, 2008, 9:00 pm, Detroit News
WASHINGTON -- As Detroit's Big Three are poised to present their business plans to Congress today justifying quick approval of $25 billion in emergency loans, the United Auto Workers has called an emergency meeting in Detroit on Wednesday during which the union could consider reopening its 2007 contracts with the automakers.
China hopes talks with US boost coordination
Published December 1, 2008, 8:08 pm, Lexington Herald-Leader
The global financial crisis is overshadowing U.S.-Chinese trade tensions as Cabinet ministers from the two sides meet this week for talks on the long-range growth of one of the world's most important economic relationships. Given the unsteady world economy, the two sides are adding the issue of managing risk to the already broad agenda of trade, energy and the environment on the table for the ...
Bank of America Raises $9 Billion in Largest FDIC Bond Offering
Published December 1, 2008, 5:21 pm, Bloomberg
Dec. 1 (Bloomberg) -- Bank of America Corp. , the biggest U.S. retail bank, sold $9 billion of debt in the largest bank bond sale since the Federal Deposit Insurance Corp. agreed to guarantee the debt.
Going concern warning for Digal
Published December 1, 2008, 4:54 pm, Haaretz Daily
Digal Investments & Holdings' third quarter financial reports, published Sunday, include a going concern warning and a cautionary note that the company currently has no liquidity to meet the NIS 1.2 million interest payment due to its Series A bondholders today, or to repay the NIS 15 million principal due June 1, 2009.
Game over?: English football at bursting point
Published December 1, 2008, 4:22 pm, Independent
Back in October, in the Great Hall of Stamford Bridge, the home of Chelsea Football Club, 1,000 "senior decision- makers in world football" gathered. There was an air of optimism and self-congratulation. Commercial managers from some of the country's top clubs talked of exciting new opportunities in the Far East. Gossip was traded about how lucrative the next Premier League television deal ...
Lack of strike power hits Everton
Published December 1, 2008, 4:19 pm, Independent
Everton may be able to muddle through until the new year with just one fit senior forward, but their manager, David Moyes, knows there will be little light at the end of the tunnel when January comes.
CA-BUSINESS Summary
Published December 1, 2008, 3:58 pm, The Globe and Mail
TORONTO (Reuters) - Toronto's main stock index tumbled 864 points on Monday, its deepest net drop ever, as sliding commodity prices, gloomy U.S. economic news and the urge to take profits after six straight days of gains prompted a sell-off that hit every market sector.
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