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Example Headline of Genre for Date
Air France-KLM warns of loss in 3rd quarter
AP - Air France-KLM warned Tuesday it was likely to fall to an operating loss for the last three months of 2008, when it said sales were hurt by the global economic turmoil.
BMW to reduce work hours for 26,000 employees
AP - Carmaker BMW AG said Tuesday it would reduce the working hours for some 26,000 German employees as part of efforts to slow production amid a deepening economic downturn.
Euro falls against dollar to $1.2948
AP - The euro fell against the dollar Tuesday as investors awaited the inauguration of President-Elect Barack Obama, hoping for some direction as to how he will lend more support to the American economy.
British pound battered by banking-sector fears
AFP - The pound tumbled Tuesday to a seven-year low against the dollar and a record trough versus the yen, hit by mounting fears for the British economy and its struggling banking sector, dealers said.
Source: German retailer Metro to cut 15,000 jobs
AP - Retailer Metro AG will cut around 15,000 jobs from its global work force amid the deepening economic downturn, company sources said Tuesday.
Dollar up, gold up in morning trading
AP - The U.S. dollar was higher against other major currencies in European trading Tuesday morning. Gold rose.
BMW, Volkswagen reduce work hours
AP - German automakers BMW AG and Volkswagen AG said Tuesday that they would put thousands of German employees on reduced working hours as they slow production in the deepening economic downturn.
Dollar, gold up in European trading
AP - The U.S. dollar was higher against most other major currencies in European trading Tuesday. Gold also rose.
EU approves euro3.1 billion loan for Latvia
AP - European Union nations on Tuesday approved a euro3.1 billion ($4.09 billion) loan to Latvia to help it survive the financial crisis.
Europe faces raft of credit downgrades
AP - As European governments look to spend their way out of recession, many could face credit downgrades, experts warned Tuesday, citing the case of Spain — one of the continent's economic success stories which was this week stripped of its top mark of credit worthiness.
EU warns it may regulate credit default swaps
AP - European Union regulators warned Tuesday that they may have to regulate credit default swaps after the financial industry failed to agree on forming a central agency to handle the derivatives, which are partly blamed for the world financial crisis.
Bank of England to buy banking assets within weeks
AP - The financial crisis has raised questions about the solvency of Britain's banks that may lead the Bank of England to buy up assets from them within 'weeks, not months,' the central bank's governor, Mervyn King, said Tuesday.
Paris prosecutors open probe into Madoff fraud
AP - Paris prosecutors have opened a preliminary investigation into alleged abuse of confidence and fraud linked to a fund with ties to U.S. financier Bernard Madoff, judicial officials said Tuesday.
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