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Example Headline of Genre for Date
Oil prices slump under 50 dollars per barrel
AFP - Oil prices tumbled under 50 dollars on Thursday, as plunging equities and weak US data sparked fresh concern that a worldwide recession could ravage energy demand, traders said.
Australia central bank chief optimistic on economy
AP - Australia is in a good position to defend itself against the global economic crisis despite a bleak report that forecasts a possible recession in 2009, according to the central bank chief.
US jobless claims hit 16-year high
AFP - US unemployment claims surged to a 16-year high, government data showed Thursday, adding to growing alarm as companies worldwide shed workers in the global economic downturn.
Bush backs extending unemployment benefits: White House
Reuters - The White House said on Thursday that President George W. Bush supported legislation that would extend unemployment benefits to ease the impact of the current economic crisis.
Effects of government actions in crisis 'uncertain': Fed governor
AFP - The effectiveness of recent US government actions to battle the global financial crisis are 'highly uncertain,' Randall Kroszner, a member of the Federal Reserve board of governors, said Thursday.
Philly Fed November factory activity hits new 18-year low
Reuters - Factory activity in the U.S. Mid-Atlantic region fell to another 18-year low in November, a survey showed on Thursday.
Grim tidings for US Christmas shopping season
AFP - There could be a nasty surprise under the tree for the US economy this Christmas.
Barnes & Noble loss more than expected
Reuters - Barnes & Noble Inc on Thursday posted a bigger-than-expected quarterly loss as the weak U.S. economy hurt demand for books and music at the largest U.S. specialty bookseller.
GMAC files for bank status
Reuters - The money-losing finance company GMAC said on Thursday it has filed to become a bank, and its bonds surged as it joined the growing list of lenders making such a move in a bid to secure U.S. Treasury funds.
Fewer New Yorkers approve of governor's performance: poll
Reuters - Just over half of New Yorkers approved of Gov. David Paterson's performance in November, a decline from the previous month, that reflects the sliding economy and a 'bitter budget battle,' a poll said Wednesday.
Taiwan's economy contracts in 3rd quarter
AP - Taiwan's economy contracted 1.02 percent in the third quarter from a year ago, its first decline since 2003, the government said Thursday.
GM and Toyota to cut Thai output
Reuters - General Motors Corp and Toyota Motor Co said they will cut production at their plants in Thailand, the latest move by global automakers seeking to slash costs in the face of weak sales and deepening economic gloom.
Fed extends meeting in December to 2 days
AP - The Federal Reserve announced Thursday that it will hold a two-day meeting in December to weigh its next move on interest rates and to make a fresh assessment of the economy.
Reform US financial regulation, but not 'in haste': Paulson
AFP - US Treasury Secretary Henry Paulson said on Thursday that reform of financial regulation was crucial but warned against hasty action that could lead to harm.
Paulson: U.S. has the tools for financial stability
Reuters - Treasury Secretary Henry Paulson said on Thursday that federal authorities have the right tools and have taken the necessary steps to prevent a financial system collapse.
Paulson: crisis happens once or twice in 100 years
AP - Treasury Secretary Henry Paulson called the financial crisis now plaguing the world economy a 'once or twice' in a 100 years event, even as he warned Thursday against imposing too-strict regulations to prevent a repeat calamity.
APEC ministers urge free trade against crisis
Reuters - Trade and foreign ministers from the United States, China and other economies around the Pacific Rim called on Thursday for new free trade deals as a way out of the global economic crisis.
Zimbabwe deadlock reaps 'health and food emergency': US
AFP - Cholera and starvation are spreading in Zimbabwe as a political deadlock and economic meltdown trigger a manmade 'food and health emergency,' the US ambassador to Harare James McGee said Thursday.
World stocks dive as panic spreads
AFP - Panic spread in global stock markets Thursday as a jump in US jobless figures and fresh job cuts worldwide deepened fears of recession and sent investors fleeing for cover.
Banks, investment firms reduce Fed loans
AP - Commercial banks and investment firms reduced borrowing from the Federal Reserve's emergency lending program over the past week, although demand for the loans was still elevated.
Paulson defends handling of U.S. financial crisis
Reuters - Treasury Secretary Henry Paulson on Thursday defended his handling of the financial crisis but refused to say whether any further help will be offered to struggling bank Citigroup.
Senate extends jobless benefits
AFP - The US Senate on Thursday extended unemployment benefits by an extra seven weeks, in a bid to mitigate the impact of rising job losses as the economic crisis deepens.
Senate sends Bush expanded jobless benefits bill
Reuters - The U.S. Senate on Thursday passed and sent to President George W. Bush legislation to extend jobless benefits for those who have been unemployed for a prolonged period in an economy that has been shedding jobs.
Oil prices plunge below 50 dollars per barrel
AFP - Oil prices crashed below 50 dollars a barrel on Thursday as plunging equities and weak US data sparked fresh fears that a worldwide recession would ravage energy demand.
US Fed expands December meeting to two days
AFP - The US Federal Reserve said Thursday its upcoming policy meeting would be expanded to two days and be held December 15 and 16.
US agrees to bail out money market fund
AFP - The US Treasury announced Thursday a rescue of a money market fund operated by investment manager The Reserve, with some 6.3 billion dollars in assets.
Fed's Bullard: U.S. spending slump to sap 2009 growth
Reuters - St Louis Federal Reserve President James Bullard said on Thursday that financial market turmoil has collapsed U.S. consumer confidence and this would weigh on growth well into next year.
Financial turmoil biting hard for Vegas gaming giants
AFP - Times are tough for Las Vegas casinos as for every other sector of the ailing US economy, but that in itself is news because, until this economic downturn, the one place that seemed less impacted by hard times was the world's gambling capital.
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