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Democrats near deal on bailout loans for US automakers WASHINGTON (AFP) - Congress on Saturday reached an "agreement in principle" to loan billions of dollars to struggling US automakers, with a vote looming next week lawmakers hope will avert t... Big News NetworkUSD/CHF Weekly Outlook USD/CHF dipped to 1.1924 last week but rebounded strongly from there. Break of 1.2198 indicates that rise from 1.1828 has resumed. Initial bias remains on the upside this week for a retest of 1.2296 resistance first. Break there will confirm that medium term up trend has resumed for next target... actionforex.comDetroit Bailout Gets Reprieve Democratic leaders in Congress and the White House neared an agreement to providing a down payment to keep Detroit's auto makers afloat until early 2009. Wall Street JournalAccord on U.S. help for automakers Congressional Democrats and the Bush White House have reached an agreement in principle on providing stopgap support for the U.S. auto industry, according to congressional and industry sources. CNNUS ag chief: China, US agree on free farm trade (AP) AP - The United States and China agree on the need to resist protectionist farm tariffs even in the face of the world economic crisis, the U.S. agriculture secretary said Saturday, while urging action on a world trade agreement. yahoo.comEUR/JPY Weekly Outlook EUR/JPY's fall from 126.24 extended further to as low as 115.88 but failed to sustain below 116.47 support decisively. Friday's recovery, with 4 hours MACD staying above signal line, argues that an intraday low is in place. Initial bias is neutral this week and some consolidation could be seen. Nevertheless,... actionforex.comHouston`s KBR wins Angolan oil refinery deal Company and government officials say america's KBR has won an engineering and management contract for a $6.4 billion Angolan oil refinery. In a statement Saturday, Angola's state-owned oil and gas company SONANGOL said the agreement would make the refinery at... San Francisco ChronicleDems, White House Agree To Auto Bailout After weeks of tense discussions with the heads of the U.S. auto industry, Democratic Congressional leaders have reached an agreement that may just clear the way for the Big Three to get the money they need to survive ... for now. CBS NewsDeal is near on auto money Democrats were nearing agreement Friday with the White House on a plan to speed at least $15 billion to the faltering Detroit automakers in hopes of averting the collapse of an industry. HoustonChronicle.comAid deal for US carmakers near Congressional Democrats and the White House are reported to have reached a tentative agreement on a $15bn-$17bn package after car executives pleaded with lawmakers for help and US data showed employers axed more than 533,000 jobs FT.com1 2 |
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