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Will inherit a $1 trillion deficit, Obama says - Arkansas Online
WASHINGTON - President-elect Barack Obama said Tuesday that he expects to inherit a $1 trillion budget deficit and that similar shortfalls are in store “for years to come” as the government grapples with a recession and other spending demands. A ...
Read more...Asian Money-Market Rates Extend Drop on 1st Trading Day of 2009 - Bloomberg
Jan. 2 (Bloomberg) -- Asian money-market rates dropped, extending last year’s declines, as global risk aversion abated and banks met their year-end liquidity ratio requirements. Singapore’s three-month interbank rate for U.S. funds slipped 2.5 ...
Read more...European shares down; energy, banks lead lower - Guardian Unlimited
LONDON, Jan 7 (Reuters) - European shares declined about 1 percent by mid-morning Wednesday after rising the previous six sessions, with British oil major BP leading the energy sector down and banking shares coming under renewed pressure. BP fell 3.5 ...
Read more...Oil Falls a Second Day as Recession Deepens, Stockpiles Rise - Bloomberg
Jan. 7 (Bloomberg) -- Crude oil fell for a second day on signs the economy in the U.S., the world’s biggest energy consumer, contracted further in November and December, pushing oil inventories higher. U.S. crude oil stockpiles probably rose for a ...
Read more...Asia shares edge up for 7th day - International Herald Tribune
HONG KONG : Asian stocks edged up for a seventh day on Tuesday, raised by hopes for a global economic recovery later in 2009, though the rising yen and falling high-yielding currencies suggested such optimism was limited. European markets were ...
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