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Example Headline of Genre for Date
Swiss Life warns of 2008 loss excluding one-offs
AP - Insurer Swiss Life Holding said Wednesday it expects a loss for the full year 2008, excluding one-off gains from the sale of some units, due to the financial crisis.
Oil prices ease further below 60 dollars
AFP - World oil prices eased further below 60 dollars in Asian trade Wednesday after Britain and the EU called for joint action to hold off recession threatening leading economies, analysts said.
German economy expected to stagnate in 2009
AP - Growth in Germany will slow to a standstill next year in the wake of the global financial crisis, the government's independent panel of economic advisers forecast Wednesday.
Britain's unemployment rate rises to 5.8 pct
AP - Britain's unemployment rate rose sharply to 5.8 percent in the three months to September, as the economic slowdown hit the job market and raised the number of jobless to its highest in over a decade, official figures showed Wednesday.
Euro dips below $1.25
AP - The euro drifted below $1.25 on Wednesday, dragged down by worldwide economic gloom and falling equity markets, before staging a slight recovery.
Bank of England: Inflation to fall below 2 pct
AP - The Bank of England warned Wednesday that it expects inflation to fall below its target of 2 percent next year as the economy contracts, stoking expectations the Bank will slash interest rates again to ward off the risk of deflation.
Britain likely in recession, risks deflation: Bank of England
AFP - The Bank of England said Wednesday the British economy was probably already in recession and faced a distant risk of deflation as a global financial crisis takes its toll.
EU tells Iceland to resolve deposit disputes
AP - A top European Union official told Iceland on Wednesday it must settle disputes with EU nations over clients who lost money in Icelandic banks before it can have planned loans approved.
BoE signals UK rate cuts, unemployment rises sharply
Reuters - British interest rates will probably fall further, the Bank of England signaled on Wednesday, with the economy already sliding into recession and unemployment recording its biggest jump since 1992.
Opel temporarily halting production in Poland
AP - Carmaker Opel's factory in southern Poland will temporarily halt production because of lower demand in Europe amid the global financial crisis, an official said Wednesday.
BoE gloomy outlook stokes rate cut hopes
AP - The Bank of England warned Wednesday that the economy will shrink significantly next year and inflation will tumble from current highs, stoking expectations that the central bank will cut interest rates further.
UK steps up wooing of oil-rich Gulf states
AP - Britain stepped up its attempts to woo oil-rich Gulf states on Wednesday, with Business Secretary Peter Mandelson urging leaders in the region to bring investment here as a delegation of Saudi businessmen toured key British finance centers.
Energy agency warns of impending supply crunch
AP - More than a trillion dollars in annual investments to find new fossil fuels will be needed for the next two decades to avoid an energy crisis that could choke the global economy, the International Energy Agency said Wednesday.
Britain's Brown seeks to take lead at G-20 summit
AP - Gordon Brown has been one of the few leaders with a spring in his step since the world economy began to nosedive — and he'll be hoping it will carry him to success at a weekend summit on the global financial meltdown.
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