http://www.newser.com/2008 - Newseren-usNewser Feed GeneratorWed, 03 Dec 2008 22:45:25 CSThttp://www.newser.com/story/44264/huge-rate-cut-aims-to-restart-thai-economy.html?refid=rss_all_defaultThe Bank of Thailand today cut interest rates by 100 basis points, more than any observers expected, as the besieged nation tries to restart its economy. As Bloomberg reports, the 6-month protest that ended with the ouster of PM Somchai Wongsawat sapped exports and aggravated the pain of the global recession. Now fiscal spending necessary to restart the economy will be delayed while MPs scramble to form a new government.http://www.newser.com/story/44264/huge-rate-cut-aims-to-restart-thai-economy.html?refid=rss_all_defaultWed, 03 Dec 2008 7:26:04 CSThttp://www.newser.com/story/43597/slump-may-doom-clean-energy-initiatives.html?refid=rss_all_defaultJust as global warming initiatives were gaining serious momentum around the world, the financial crisis looks like it's undermining both the political will and the math that support them, the New York Times reports. With gas prices plummeting, US automakers may be scaling back investment in new technology. In Europe, "industry is saying we can’t deal with financial crisis and reduce emissions at the same time," a UN official said.http://www.newser.com/story/43597/slump-may-doom-clean-energy-initiatives.html?refid=rss_all_defaultTue, 25 Nov 2008 9:10:11 CSThttp://www.newser.com/story/43180/asian-stocks-hammered-europe-opens-down.html?refid=rss_all_defaultStocks in Asia plummeted again today as further economic data from Japan and the US spooked investors. In Tokyo the Nikkei dove nearly 7%, while in Hong Kong the Hang Seng slipped 6.6% in a massive sell-off of financial and real estate stocks. This morning in London the FTSE opened down 1.7%, as markets in Frankfurt and Paris were also in the red.http://www.newser.com/story/43180/asian-stocks-hammered-europe-opens-down.html?refid=rss_all_defaultThu, 20 Nov 2008 4:24:09 CSThttp://www.newser.com/story/42898/slowdown-puts-mining-outfits-in-deep-hole.html?refid=rss_all_defaultMining companies are shutting down production, laying off workers, and trying to sell excess product as the global economic slowdown drills into the industry’s profits, reports the Wall Street Journal . Metal prices dropped a record 35% last month, and nearly every mineral has been hit. Mining, once an economic shooting star, has fallen back to Earth.http://www.newser.com/story/42898/slowdown-puts-mining-outfits-in-deep-hole.html?refid=rss_all_defaultMon, 17 Nov 2008 8:42:46 CSThttp://www.newser.com/story/42499/to-avoid-recession-cheer-up-aussie-pol.html?refid=rss_all_defaultAustralia's finance minister apparently didn't see what happened to Phil Gramm last summer when he declared that the US economic slowdown was "mental" and called Americans a "nation of whiners." The recession would disappear, said Ken Henry, if Australians would just buck up, Australia’s News Network reports. “Fundamentally what is driving weaker economic outcomes globally at the moment is fractured confidence,” Ken Henry said. “We can talk ourselves into worse outcomes; of course we can. People do; it wouldn’t be the first time.”http://www.newser.com/story/42499/to-avoid-recession-cheer-up-aussie-pol.html?refid=rss_all_defaultWed, 12 Nov 2008 13:02:26 CSThttp://www.newser.com/story/42248/chinese-stimulus-lifts-dow.html?refid=rss_all_defaultStocks jumped out of the gate today, thanks to a $586 billion stimulus package from Beijing. The Dow was up nearly 200 just after opening, the Wall Street Journal reports, and the S&P and Nasdaq climbed 1.8% and 1.2%, respectively. The moves followed rallies overseas, including a 7.3% boost for the Shanghai Composite and a 5.8% boost for the Nikkei.http://www.newser.com/story/42248/chinese-stimulus-lifts-dow.html?refid=rss_all_defaultMon, 10 Nov 2008 8:36:11 CSThttp://www.newser.com/story/41895/asian-stocks-dive.html?refid=rss_all_defaultDismal earnings predictions from major companies snapped a three-day gain in Asian markets, Bloomberg reports. Japan's Nikkei index skidded 6.5% after Hyundai, Panasonic, and Isuzu warned that the US slowdown would hit earnings. Hong Kong's Hang Seng dropped 6.4%, while News Corp's Australian shares took a 21% hit—its biggest since 1987—after it announced net profit will fall.http://www.newser.com/story/41895/asian-stocks-dive.html?refid=rss_all_defaultThu, 06 Nov 2008 3:06:41 CSThttp://www.newser.com/story/41808/global-stock-markets-mixed-after-obama-win.html?refid=rss_all_defaultThe dollar gained ground on the euro following Barack Obama’s presidential election win, as investors sensed a glimmer of hope in the US battle to turn around its economy under a new administration. Asian markets were up as credit worries eased slightly, reports Bloomberg. But poor earnings reports sent European stocks lower for the first time in a week, and US index futures index slid.http://www.newser.com/story/41808/global-stock-markets-mixed-after-obama-win.html?refid=rss_all_defaultWed, 05 Nov 2008 5:20:30 CSThttp://www.newser.com/story/41719/schwarzman-weighs-in-on-market-reforms.html?refid=rss_all_defaultWith the world in “the worst financial crisis in recent memory,” private-equity billionaire Stephen Schwarzman advocates seizing the opportunity to prevent a repeat. In an op-ed piece in the Wall Street Journal , the Blackstone CEO, who pocketed $677 million from the firm’s IPO last year, calls for global accounting principles, more cooperation between regulatory regimes worldwide and, of all things, more transparency at financial firms.http://www.newser.com/story/41719/schwarzman-weighs-in-on-market-reforms.html?refid=rss_all_defaultTue, 04 Nov 2008 9:25:59 CST