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CompareCC News Archive Listing for International during 2008-11-11.
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Carmaker Dacia to halt production
 
AP - French-Romanian carmaker Dacia and steelmaker Arcelor Mittal Hunedoara said they will temporarily halt production due to a sharp drop in sales as the world's economic turmoil hits Romania's industrial sector.
German investor confidence improves slightly
 
AP - German investor confidence rose slightly in November, bolstered by rate cuts and state action to combat the economic slowdown, but remained well below its historical average, a closely watched survey showed Tuesday.
Euro up on dollar to $1.2788
 
AP - The euro rose against the dollar on Tuesday, but gains were small as investors awaited the results of Germany's ZEW indicator of economic sentiment, a key survey.
Euro climbs against dollar after Germany business survey
 
AFP - The euro rose against the dollar on Tuesday when a key survey revealed an improvement in business confidence in Germany, the biggest economy in Europe, dealers said.
US dollar mixed, gold falls in European trading
 
AP - The U.S. dollar was mixed against other major currencies in European trading Tuesday morning. Gold fell.
British retail sales fall for 1st time since 2005
 
AP - British retail sales fell for the first time in three and a half years during October as consumers tightened their belts in a sagging economy, while the number of house sales in England and Wales dropped to a record low, surveys found Tuesday.
Volvo to cut 1,000 jobs in Sweden, North America
 
AP - Swedish truck and bus maker Volvo AB Tuesday said it will lay off 1,000 staff at its powertrain unit in Sweden and the United States as the global financial crisis continues to weigh on the demand for heavy vehicles.
Ruble drops on central banker comments
 
AP - The ruble slipped sharply against major currencies Tuesday after the Central Bank's top official suggested Russia may stop defending its currency from falling.
Financial crisis hits Britons' retirement hopes
 
AP - The financial crisis has hit Britons' hopes for early retirement.
Recession threat sparks calls for world action
 
AFP - Britain and the EU called for strong joint action to hold off the recession threatening leading economies as more grim economic and corporate news drove down world stocks on Tuesday.
Volvo to cut nearly 1,000 jobs in Sweden, US
 
AP - Swedish truck and bus maker Volvo AB Tuesday said it will lay off nearly 1,000 staff at its powertrain unit in Sweden and the United States as the global financial crisis continues to weigh on the demand for heavy vehicles.
Euro plunges as investors seek dollar haven
 
AFP - The euro plunged against the dollar on Tuesday despite more gloomy US economic data as investors sought refuge in the US unit amid worsening fears for the flagging world economy, traders said.
Russia allows ruble to fall, stokes uncertainty
 
AP - Russia's Central Bank on Tuesday eased its defense of the embattled ruble, which fell sharply and triggered a sell-off in stocks as the country faces its worst financial crisis in a decade.
British media group warns of tough times
 
AP - The head of Britain's Society of Editors warned Tuesday that the global economic crisis was putting added pressure on newsrooms already suffering from declining circulation and ad revenue.

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