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Business


FTSE slips as banks fall after BoE action (FT.com)
Thursday, 13 September 2007
FT.com - London equities fell back in opening trade on Thursday as financial stocks continued to drift lower, but bullish commodities prices helped resource companies keep overall losses small.
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Stocks set to dip, renewed pressure on techs (Reuters)
Thursday, 13 September 2007

Traders work on the floor of the New York Stock Exchange, August 9, 2007. Stock futures pointed to a lower market open on Thursday as the technology sector remains under pressure after Alcatel-Lucent slashed its revenue outlook. (Lucas Jackson/Reuters)Reuters - Stock futures pointed to a lower market open on Thursday as the technology sector remains under pressure after Alcatel-Lucent slashed its revenue outlook.


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ECB, Paulson see growth threat (Reuters)
Thursday, 13 September 2007

European Central Bank (ECB) President Jean-Claude Trichet speaks to the European Parliament's monetary affairs committee in Brussels, September 11, 2007. Risks to global expansion have recently increased due to tensions in the U.S. subprime mortgage market and there are fears of growing spillovers to other segments, the European Central Bank said on Thursday. (Francois Lenoir/Reuters)Reuters - A global credit crisis has increased the threat to growth, the European Central Bank said on Thursday, as G7 governments asked for a report on the genesis of the turmoil for next month's meeting of finance chiefs.


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ECB highlights uncertainty, waiting for credit data (Reuters)
Thursday, 13 September 2007
Reuters - The European Central Bank emphasized on Thursday it needed more time to assess the fallout from recent turbulence on global credit markets but policymakers said they are ready to tackle inflation dangers if needed.
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Paulson says market woes will penalize growth (Reuters)
Thursday, 13 September 2007

Treasury Secretary Henry Paulson said on Wednesday a recovery in the subprime mortgage market will be slowed by a wave of interest rate resets and urged lenders to help troubled borrowers. In this photo Paulson testifies before the House Financial Services Committee in Washington June 20, 2007. (Larry Downing/Reuters)Reuters - The U.S. economy will be penalized by the current crisis in credit markets but the overall outlook was still benign, U.S. Treasury Secretary Henry Paulson said in a newspaper interview published on Thursday.


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