Arcive of financial news
French manufacturing confidence dropped to a 21-year low in October as new orders from domestic and foreign markets fell “significantly,'' suggesting the economy will probably contract in the fourth quarter, the Bank of France said.
The Paris-based Bank of France said its index of manufacturing confidence dropped to 77 from 86 in September, the […]
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Frontier Airlines said Thursday its passenger count in October dropped from a year earlier.
The Denver-based low-cost carrier carried 829,770 passengers, a 5.7 percent decline from last October.
But for the first 10 months of the year, Frontier’s passenger count is 3.4 percent higher than it was a year ago, rising to 9 million payday advance loan.
Frontier’s […]
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Foreclosures in Maryland, Virginia, and Washington, D.C., surged in the third quarter.
But foreclosures around Greater Baltimore, however, declined.
Foreclosures in D.C. more than quadrupled to 1,330 compared to the third quarter 2007. Virginia foreclosures nearly tripled to 16,023. Maryland had the smallest increase, up 22 percent to 7,974 foreclosures. That compares to a national increase of […]
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Bradford Bank faces a cease-and-desist order by the federal Office of Thrift Supervision and plans a public stock offering in hopes of raising about $30 million in funding.
Bradford said Sept. 19 in a news release that the OTS will issue an order barring the bank from making new real estate development or commercial loans without […]
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Coming to the rescue of a bedrock of American investing, the Treasury Department and the Federal Reserve took three big steps Friday to shore up the $3.3 trillion U.S. money-market fund industry.
Investors have been fleeing money-market funds after a week of chaos on Wall Street that included the bankruptcy of Lehman Brothers, an $85 […]
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European industrial production fell more than economists forecast and payrolls grew at the slowest pace in almost two years as the region's economy teetered on the brink of a recession.
Output in the 15-nation euro area fell 0.3 percent from June, its third consecutive drop, the European Union statistics office in Luxembourg said today. […]
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British Prime Minister Gordon Brown cut an unpopular tax on home purchases on Tuesday as part of a package to boost the country’s slumping housing market and lift his flagging political fortunes.
Brown’s government said properties worth less than 175,000 pounds ($316,000) would be exempt from the tax, known as stamp duty, for one year, […]
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Israeli Prime Minister Ehud Olmert urged the Cabinet to approve the 2009 budget on time, saying it was a test of the government's ability to carry out its duties in the period before he steps down.
“A government that can't approve the budget according to a timetable it set for itself is effectively declaring […]
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The dollar will appreciate against the euro, yen, pound and Swiss franc in the next six months as economies in Europe and Asia falter, a survey of Bloomberg users showed.
U.S. investors turned bullish on the greenback after incorrectly forecasting a decline last month, according to respondents in the monthly Bloomberg Professional Global Confidence […]
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China will slow the pace of the yuan's gains as the government seeks to bolster economic growth, said Li Daokui, a researcher at Tsinghua University who attended a meeting hosted by President Hu Jintao last week.
“Fast yuan gains attracted inflows of speculative funds, which not only fuel inflation but also may exit on […]
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