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Thousands more Missourians have had their natural-gas service shut off for nonpayment this year than in previous years, another sign of a faltering economy that’s left hundreds of thousands across the state without jobs and cost some residents their homes.
Statewide, more than 200,000 natural-gas customers were disconnected for nonpayment through October, according to […]
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U.S. retail sales in October suffered the worst monthly drop on record as more Americans shunned discretionary purchases amid accelerating job losses in a worsening economy.
It marked the fourth consecutive decline in monthly retail sales.
The Commerce Department said Friday that retail sales fell 2.8% last month, compared with a revised 1.3% drop in September. […]
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Imre Apostagi says the hospital upgrade he's overseeing has stalled because his employer in Budapest can't get a foreign-currency loan.
The company borrows in foreign currencies to avoid domestic interest rates as much as double those linked to dollars, euros and Swiss francs. Now banks are curtailing the loans as investors pull money out […]
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Dave Croft Motors filed for Chapter 11 bankruptcy protection Wednesday but plans to remain open as it attempts to reorganize.
In filings in U.S. District Court in East St. Louis, the Chrysler dealership said it owes more than $2 million to creditors, most of it to Chrysler Financial Corp. Other large creditors listed are […]
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Following is a table of forecasts for annual economic growth rates for Asia through 2009 from the Asian Development Bank in Manila.
Source
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Policy makers in emerging economies from Russia to Vietnam may have to start acting less like Ben S. Bernanke and more like Paul Volcker if they want to bring inflation under control.
With currencies tied to the U.S. dollar, officials in many developing countries have had to keep their monetary policies linked to the […]
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Dutch bank Fortis will issue $2.35 billion in new shares and scrap cash dividends for the year to shore up its balance sheet.
Fortis was one of three European banks that joined in a $110 billion buyout of rival ABN Amro Holding last year just before the mortgage market in the U.S. blew up, sending […]
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Taiwan's central bank will probably raise the benchmark interest rate to the highest in more than seven years to damp inflation.
Governor Perng Fai-nan will boost the discount rate on 10- day loans to banks by 12.5 basis points to 3.625 percent, said 14 of 16 economists surveyed by Bloomberg News. Two see a […]
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U.S. oil services company Halliburton Co. gave up its pursuit of Expro International Group PLC on Monday, after the British company stuck by its support for a rival bid and refused to open an auction.
Halliburton (HAL, Fortune 500) revealed it had raised its all-cash offer to 1,625 pence ($31.91), or £1.82 billion pounds ($3.6 […]
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Saks Inc., the operator of luxury chain Saks Fifth Avenue, reported Tuesday a 66% increase in first-quarter earnings compared with year-ago results depressed by one-time charges. It said increased discounting hurt profit margins, however.
The New York-based retailer also warned that the challenging economic environment will continue for the rest of the year as even […]
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