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CompareCC News Archive Listing for Economy during 2008-11-22.
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Mexican growth slows to 1.6 pct, lowest since 2003
 
AP - Mexico says its yearly growth rate dropped to 1.6 percent in the third quarter, its slowest rate since 2003, as the U.S. economy stalls.
IMF economist says worst of crisis to come: paper
 
Reuters - The financial crisis that has engulfed many top banks is spiraling into a broader economic crisis that has yet to peak, International Monetary Fund's top economist Olivier Blanchard told a Swiss newspaper on Saturday.
Hu signals ambitious China role in fighting crisis
 
Reuters - Chinese President Hu Jintao spelled out Friday a potentially ambitious role for his country in staving off a deep global recession as he and U.S. President George W. Bush prepared for a weekend summit of leaders from Asia and the Americas.
Obama orders plan to create 2.5 million new jobs by 2011
 
AFP - US president-elect Barack Obama announced Saturday that he had ordered his economic advisers to produce an economic recovery plan to create 2.5 million new jobs over the next two years.
Philips says to cut 1,600 healthcare jobs
 
Reuters - Dutch Philips Electronics will lay-off 5 percent of its workforce at its Healthcare division as part of an accelerated cost-savings push sparked by the global economic slowdown.
Report: Soros says more needed for US bailout
 
AP - American investor George Soros said he would like to see Washington put $300 to $600 billion more into the $700 billion U.S. economic bailout package, the German magazine Der Spiegel reported in an advance of Monday's edition.
Bush: Crisis recovery 'is going to take time'
 
AFP - US President George W. Bush on Saturday assured Asia-Pacific leaders coping with the global economic crisis that recovering from the meltdown 'is going to take time, but we'll recvover.'
Bush staunchly defends free trade
 
AFP - US President George W. Bush, bidding farewell to the international stage, on Saturday offered a sweeping defense of free trade, demanding the world resist protectionism during the financial turmoil.
Geithner Is Said to Be Obama’s Pick for U.S. Treasury Secretary
 
Bloomberg - Nov. 22 (Bloomberg) -- President-elect Barack Obama picked Timothy Geithner, head of the Federal Reserve Bank of New York, to be his Treasury secretary, with Lawrence Summers getting a senior White House role, a Democratic aide said.
Bush staunchly defends free trade in farewell
 
AFP - US President George W. Bush, bidding farewell to the international stage, on Saturday offered a sweeping defense of free trade, demanding the world resist protectionism during the financial turmoil.

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