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Example Headline of Genre for Date
Russia says IMF inadequate
AP - Russia's finance minister reiterated Moscow's call for reforming global financial institutions, saying in comments televised Monday that the International Monetary Fund was inadequate as a crisis manager.
Czech inflation, unemployment down in October
AP - Inflation slowed in the Czech Republic and unemployment fell in October as the global crisis is yet to affect the country, officials said Monday.
Carnegie to raise $152M in new share issue
AP - Troubled Swedish investment bank Carnegie AB Monday said it will raise 1.2 billion kronor ($152 million) in a new share issue, part of plan to convince financial authorities to not revoke its banking licenses after suffering large writedowns from the credit crisis.
Latvian inflation falls as economy suffers
AP - Latvia's inflation in October decreased to an annual rate of 13.8 percent, the fifth straight month the indicator has fallen as economic growth is hurt by the global financial crisis, the statistics office announced Monday.
Spain's Banco Santander unveils capital increase
AP - Spain's Banco Santander announced Monday it would raise 7.2 billion euros ($9.2 billion) in a share issue designed to protect it from the international financial turmoil.
British manufacturing costs dive in October
AP - Britain's manufacturers saw raw material costs fall by a record amount during October, fueling market expectations that the Bank of England could cut interest rates to their lowest level in more than 300 years.
Dollar mostly lower, gold up in morning trading
AP - The U.S. dollar was mostly lower against other major currencies in European trading Monday morning. Gold rose.
Eurozone chief urges aid for automakers
AP - The euro zone countries are working to coordinate efforts to help Europe's auto industry along the lines of expected U.S. aid for its car sector, Luxembourg Prime Minster Jean-Claude Juncker said Monday.
Sweden's debt office takes control of Carnegie
AP - Sweden's financial regulator says it has revoked the banking license from troubled investment bank Carnegie and that Sweden's national debt office will take control of the bank.
Report: Low-cost carriers could win from recession
AP - Low-cost travel operators could be the big winners from the global economic downturn even as tourism faces a tough year in 2009, a report said Monday.
Nationwide's mortgage lending fell 72 pct in 1H
AP - British lender Nationwide Building Society said Monday mortgage lending fell 72 percent in the first half of its financial year, as home buyers were deterred by a crashing property market and mortgage rates were boosted by the credit crunch.
Stocks open up on China's spending boost
Reuters - Stocks opened higher on Monday, with big U.S. exporters including General Electric leading gains following China's plan of a multibillion economic stimulus to shore up the world's fourth-largest economy.
HSH Nordbank chief resigns due to financial losses
AP - The chief executive of HSH Nordbank, Hans Berger, resigned on Monday in the wake of the heavy losses incurred by the state-owned bank from the financial crisis.
Swedish state takes control of Carnegie
AP - The Swedish state will take control of troubled investment bank Carnegie and sell it off after the country's financial regulator revoked its banking license due to illegal trading activities.
Ukraine gets IMF billions
AP - Ukraine, struggling to avoid an economic meltdown, on Monday received the first $4.5 billion of a $16.5 billion emergency loan from the International Monetary Fund.
Dollar mixed, gold up in afternoon trading
AP - The U.S. dollar was mixed against other major currencies in European trading Monday afternoon. Gold rose.
EU to resume frozen partnership talks with Russia
AP - The European Union, dependent on Russia for much of its energy, decided Monday to resume major economic and political negotiations with Moscow that were frozen after the invasion of Georgia.
EU moves to regulate rating agencies
AP - European Union officials are moving toward imposing significant new regulatory burdens on credit ratings agencies, saying they are too important for the stability of the world's financial markets for EU officials to ignore any longer.
British PM calls on US to reject protectionism
AP - British Prime Minister Gordon Brown urged the United States on Monday to avoid moves toward protectionism in response to the world financial crisis, but said London will be Washington's closest ally in dealing with the slowdown.
Czech CEZ hopes crisis will stall EU climate package
AFP - Central Europe's top power producer, Czech-based CEZ, is pinning hopes on the financial crisis to thwart the approval of the EU's green package, saying it would hit hard at the region's coal-dependent industry.
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