US Supreme Court clears path for Chrysler sale
The US Supreme Court on Tuesday cleared the way for the sale of Chrysler to Fiat, while General Motors began to revamp its widely criticised board.
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African trade bloc sounds warning over global crisis
African countries must work together so that the global economic crisis does not crush them, Comesa said on Monday.
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EU unveils reforms to make markets safer
Banks will be more closely scrutinised under EU plans unveiled on Wednesday to apply lessons from the credit crunch and better protect investors.
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World's top bankers upbeat on recovery
The world's top policymakers offered their brightest assessment of the global economy in months, saying it was stabilising.
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East Europe economic mood sour
Europe faces at least another year of economic difficulties and there are signs at best of stabilisation rather than recovery, leaders said on Friday.
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Reserve Bank says inflation to ease on slowing growth
SA's economy will remain lacklustre this year, helping to cool inflation, although expected electricity price increases pose a risk to the outlook.
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African incomes to drop for first time in 15 years
Per capita income in Africa will fall in 2009 for the first time in 15 years, the head of the African Development Bank warned on Tuesday.
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US banks move quickly for capital
Several large US banks undertook big capital-raising efforts on Tuesday, hoping to satisfy regulators who want bigger cushions against a recession.
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After stress tests, banks seek to shed US aid
A growing number of banks are eyeing quick repayment of US government capital injections after "stress tests" showed major lenders are healthy.
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In New York, artists pin hopes on 'affordable' art
Artists and gallery owners have their fingers crossed at New York's Affordable Art Fair this week, waiting to see how the downturn affects sales.
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