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Russia oligarchs in survival fight
MOSCOW - Humbled by huge debts, Russia’s once-powerful oligarchs are seeking salvation at the hands of the state, but the Kremlin warns them there will be no more free money. Senior bankers believe Prime Minister Vladimir Putin is likely to decide the fate of oligarchs
Bear market fall batters industries
NEWYORK - The prolonged decline in the Standard & Poor’s 500 index means US companies are losing blood each passing day. Among 500 stocks, 483 slipped this year. The losses have erased more than $8 trillion from USequity values. Meanwhile, job cuts in global financial services may reach 350,000
Bear market fall batters industries
NEWYORK - The prolonged decline in the Standard & Poor's 500 index means US companies are losing blood each passing day. Among 500 stocks, 483 slipped this year. The losses have erased more than $8 trillion from USequity values. Meanwhile, job cuts in global financial services may reach 350,000
Turmoil may goad Fed into a rate cut on Tuesday
Federal Reserve policy-makers are expected to stop short of lowering U.S. interest rates at a meeting on Tuesday, but could signal a readiness to cut them quickly if needed to protect the economy from one of the most serious financial crises in decades. (UPDATED)