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Reuters - Asian stocks mostly rose and government bonds cut their gains on Monday, on hopes for more government rescues of limping industries and as long-term investors scooped up cheap shares.
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0 Comments Reuters - The U.S. economy is in recession and will contract at a faster pace in the fourth quarter, extending the decline into early 2009 as high unemployment crimps consumer spending, a survey showed.
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AP - Weak October retail sales and the uncertainty of the upcoming holiday season amid the worst financial crisis to hit the U.S. in decades has prompted shipping giant UPS Inc. to decide not to release a projection for the amount of packages it expects to deliver on its busiest day of the year.
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Reuters - Japan sank into recession in the third quarter, even before it felt the full force of the financial crisis, and world leaders at a weekend summit gave investors little hope they could rescue the global economy.
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