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- American Express to cut 7,000 jobs - International Herald Tribune
American Express , the fourth-largest U.S. credit card issuer, said on Thursday it will cut 7,000 jobs, slash other expenses and scale back investments to save $1.8 billion (1.1 billion pounds) in 2009 as it struggles with bad loans and surging ... www.iht.com
- Wall Street opens higher on China stimulus (The Arizona Republic)
NEW YORK - Wall Street headed for a higher open Monday, boosted by hopes that China's $586 billion economic stimulus package will help ease the global recession. www.azcentral.com
- US Fed rate cut reinforces rate cut in GCC Countries - Zawya (press release)
Washington Post US Fed rate cut reinforces rate cut in GCC Countries Zawya (press release), United Arab Emirates - 3 hours ago The Fed also reduced the discount rate for direct loans to banks by 50bps to 1.25%. Central Bank of Bahrain has cut the lending and repo rates by 125bps and ... Video: Fed Cuts Key Interest Rate Half-point to 1% AssociatedPress Fed tries rate cut to spur bank lending San Francisco Chronicle Central Bank Aims to Prevent Financial Downturn from Worsening NewsBlaze The Associated Press all 3,053 news articles www.zawya.com
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