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A collection of news and information related to Central Bank published by Tribune Company sources.
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China appeals to Washington to reform economy, protect Chinese assets at high-level talks
AP Business WriterBEIJING (AP) — China promised more currency reform to ease trade tensions but told Washington to get its own economy in order as the two sides opened high-level economic talks Thursday amid a global financial crisis. The unusual Chinese appeal at...Tags: Financial Markets, Economy, Energy Saving, National Government, Government
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ECB trims interest rate to 2.5 pct after Bank of England, Swedish Riksbank cut to 2 pct
AP Business WritersBRUSSELS, Belgium (AP) — Europe's central banks slashed borrowing costs aggressively Thursday to try and ward off a long recession triggered by the financial crisis. Their rate cuts tried to counter a slowdown that looks longer and deeper than...Tags: Economic Indicator, Business, Petroleum Industry, Economic Policy, Gordon Brown
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World markets end lower ahead of key US jobs data despite European rate cuts
AP Business WriterLONDON (AP) — World stocks closed modestly lower Thursday, despite hefty interest rate cuts across Europe, as Wall Street retreated in the face of fresh grim corporate and economic news and Friday's November jobs report. Argentina was one of the...Tags: Foreign Aid, Dupont E I Nemours & Company, Business, Stock Activities, Wages and Pensions
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Danish central bank lowers interest rate by 0.75 percentage point to 4.25 pct
COPENHAGEN, Denmark (AP) — Denmark's central bank on Thursday lowered its key interest rate by 0.75 percentage point to 4.25 percent, mirroring a cut by the European Central Bank. The Nationalbank said the decision was a consequence of the ECB's...Tags: Money and Monetary Policy, European Union
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Bank of England set for another big interest rate cut as economy slows sharply
LONDON (AP) — The Bank of England is widely expected to make another substantial cut in interest rates on Thursday, following an unexpectedly large reduction just a month ago, to ease the economic impact of the financial crisis. A number of...Tags: Financial Markets, Passenger Cars, College of William and Mary, Vehicles, Money and Monetary Policy
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Swedish central bank cuts interest rate by record 1.75 points to 2 percent
Associated Press WriterSTOCKHOLM, Sweden (AP) — Sweden's central bank on Thursday cut its key interest rate by a record 1.75 percentage points to 2 percent to soften the fall in the economy triggered by the global financial crisis. The cut was the largest ever since...Tags: Financial Markets, Economy, Money and Monetary Policy, Economic Policy, European Union
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New Zealand central bank cuts key rate 1.5 percentage points as growth continues to weaken
Associated Press WriterWELLINGTON, New Zealand (AP) — New Zealand's central bank slashed its key interest rate by 1.5 percentage points to 5.0 percent Thursday — its biggest move yet in the fight against the global financial crisis and sharply weakening growth. The...Tags: Economy, Money and Monetary Policy, Economic Policy, Prices, Inflation and Deflation
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China's currency slips against US dollar, raising questions over Beijing's policy direction
AP Business WriterSHANGHAI, China (AP) — The Chinese currency slipped Thursday against the U.S. dollar by the maximum amount allowed, the fourth day of such declines, raising questions about Beijing's commitment to a stronger yuan as U.S. and Chinese officials met to...Tags: People's Bank, Industrial Production, Money and Monetary Policy, Market and Exchange, Foreign Exchange Market
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EU businesses say governments should buy commercial paper to ease financing
BRUSSELS, Belgium (AP) _ European Union businesses called on EU governments Wednesday to buy up company debt to ease financing and help prevent bankruptcies as the economy shrinks. BusinessEurope, which represents most EU companies, said commercial banks...Tags: Economy, Money and Monetary Policy, Bankruptcy, Bonds, European Union
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Icelanders, demanding bank chief's ouster, rally to protest economic meltdown
Associated Press WriterREYKJAVIK, Iceland (AP) _ Thousands of Icelanders marked the 90th anniversary of their nation's sovereignty with angry protest Monday, and several hundred stormed the central bank to demand the ouster of bankers they blame for the country's spectacular...Tags: Banking, Riots, Economy, Government, Demonstration
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Japan central bank to hold extra meeting Tuesday
TOKYO (AP) _ Japan's central bank will hold an unscheduled monetary policy meeting Tuesday afternoon to discuss ways to help companies raise money amid a pullback among lenders. Bank of Japan Gov. Masaaki Shirakawa called the meeting Monday after...Tags: Money and Monetary Policy, Loans, Economic Policy
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European Central Bank to restart bids for building new HQ in Frankfurt
FRANKFURT, Germany (AP) _ The European Central Bank will reopen the bidding process for companies that want a hand in building its new headquarters. But the bank may wind up not building at all if it can't stay within the original budget. The central...
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