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UK plumbing supplies firm Wolseley cuts 2,000 jobs
AP - Wolseley PLC, the world's largest distributor of plumbing products, said Monday it would shed 2,000 jobs and close 200 branches in Britain and Ireland to adjust to the economic downturn.
British inflation falls to 4.5 percent in October
AP - Inflation in Britain fell in October for the first time in 14 months largely because of cheaper transport costs amid sliding petrol prices, official figures showed Tuesday.
France plans new financial crisis world summit
AP - France says it will host a January summit of world leaders and experts to seek solutions to the global financial crisis, in a follow-up to last weekend's summit.
Italy, Germany discuss global financial crisis
AP - The leaders of Germany and Italy will discuss the global financial crisis at a meeting in Trieste.
US dollar mostly higher, gold up in Europe
AP - The U.S. dollar was mostly higher against other major currencies in European trading Tuesday morning. Gold rose.
Crisis forces EU to reverse drop in subsidies
AP - The financial crisis is forcing European Union member countries to reverse two decades of decline in state subsidies for companies, the European Commission said Tuesday.
World Bank sees $50 bln cap outflow from Russia
AP - Some $50 billion in net capital is expected to flee Russia this year, the World Bank said in a report on Tuesday.
Dutch insurer Aegon may seek US assistance
AP - Aegon NV, the Dutch owner of U.S. insurer Transamerica, said Tuesday it has signed up with the U.S. federal government's financial rescue program but added it did not yet plan to ask for funds.
Crisis could reverse decades of falling subsidies
AP - The financial crisis is forcing European Union nations to reverse two decades of declining state subsidies for companies, the European Commission said Tuesday.
Berlusconi says no auto aid for now
AP - Italian Premier Silvio Berlusconi and German Chancellor Angela are taking a wait-and-see posture on aid to the auto industries that power both economies, while closely watching moves in the United States, the leaders said following a summit in the northern port of Trieste on Tuesday.
Darling warns against bank bailout renegotiation
AP - British Treasury chief Alistair Darling warned on Tuesday that any attempts to renegotiate the government's 37 billion pound ($55 billion) bailout of several banks hit by the financial crisis could prove even more costly for shareholders than the current deal.
Italy seize suspected Mafia assets from store boss
AP - Italian authorities have seized assets worth euro700 million ($885 million) from a supermarket chain owner suspected of letting the Mafia use his businesses to launder money.
US dollar mixed, gold up in Europe
AP - The U.S. dollar was mixed against other major currencies in European trading Tuesday. Gold rose.
Crisis could mean bargains for China
AP - Chinese companies are shopping for companies in Europe and around the world, undeterred by the global financial crisis. In fact, they are hunting for bargains.
France plans new conference on financial crisis
AP - France will host a January meeting of world leaders and experts to look for ways out of the global financial crisis, the president's office said Tuesday.
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