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CompareCC News Archive Listing for International during 2009-01-07.
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Billionaire Merckle's businesses get bank help
 
AP - The troubled business empire of German billionaire Adolf Merckle, who threw himself under a train this week in apparent despair over the impact of the financial crisis, has won a bridging loan from banks, his holding company said Wednesday.
Most EU banks not using looser accounting rules
 
AP - Most European banks and blue chip companies are not using looser accounting rules allowing them to revise upward the value of complex investments which depreciated during the financial crisis, EU market supervisors said Wednesday.
US dollar mostly down, gold rises in trading
 
AP - The U.S. dollar was mostly down against other major currencies in European trading Wednesday. Gold rose.
German jobless hits three million as recession bites
 
AFP - German unemployment in December rose for the first time in 33 months, with over three million people out of work, data showed on Wednesday as the recession in Europe's economic powerhouse begins to bite.
Gas crisis could speed Russian pipeline projects
 
AP - The crisis triggered by Russia's natural gas dispute with Ukraine could accelerate the Kremlin's efforts to build alternative pipelines, but any project faces big financial and political hurdles.

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