TOP 100 FINANCIAL SITES
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| World Bank economist: Potential U.S. stagflation to have limited impact on China The U.S. may slip into stagflation with the subprime crisis, but that would have a limited impact on China, the World Bank's new chief economist and senior vice president Justin Yifu Lin said Sunday. Lin told a seminar in Peking Uni ... english.people.com.cn |
Oil Prices Drive Up U.S. Trade Deficit The United States' trade deficit grew larger in January as imports - including crude-oil prices - zoomed to all-time highs. feeds.cbsnews.com |
Cash-strapped Interoil asks Merrill Lynch for refinancing TORONTO (MarketWatch) -- Strapped for cash, Interoil Corp. is negotiating with Merrill Lynch & Co. to refinance a $130 million credit facility to avoid a missing the loan's May 3 repayment due date. In a regulatory filing, the Canadian incorporated energy company with operations in Papua New Guinea, said the company's "existing cash balances and ongoing cash generated from operations will not be sufficient to facilitate repayment of (its) $130 million secured bridging facility." Interoil is drilling for oil and gas in Papua New Guinea. feeds.marketwatch.com |
Take-Two's Holders May Consider EA Bid Electronic Arts' takeover battle for Take-Two may be in its first round, but events this week could signal how Take-Two's shareholders are leaning toward the rival game maker's $2 billion offer. online.wsj.com |
U.S. Economy Sheds Jobs As Costs Go Up Soaring prices for food, gas and other everyday products pushed up U.S. consumer spending to a faster pace than expected in March and the Labor Department reported that claims for unemployment benefits rose by 35,000 to 380,000. feeds.cbsnews.com |