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Merlea Investment News : World Last Updated: Dec 19th, 2008 - 09:58:22 International Update Updated by Bourse Data Dec 19, 2008, 09:27 Email this article Printer friendly page WASHINGTON - Bankruptcy is one of the options being considered by the US administration for ailing US carmakers, the White House said, adding that a decision on what to do was close. CHICAGO - US President-elect Barack Obama on Thursday named three veteran regulators to round out his economic team and vowed to revamp regulatory rules to prevent a repeat of the financial and economic debacles the country is suffering through. NEW YORK - Bernard Madoff spent his first day under electronic monitoring on Thursday as president-elect Barack Obama said the scandal brought on by the disgraced investor "has reminded us yet again of how badly reform is needed." LONDON - Anglican leader Rowan Williams said that the global credit crunch was a welcome "reality check" for Britain, in comments rejected by Prime Minister Gordon Brown. LONDON - British retail sales unexpectedly rose in November, official figures show, suggesting consumers are continuing to spend in the run-up to Christmas despite rising unemployment and mounting fears about the economy. WELLINGTON - Investors are thought to be concerned about debt levels associated with PGG Wrightson and offshoot NZ Farming Systems Uruguay (NZFSU), which both had sharp share price drops REYKJAVIK - One of Iceland's most prominent financiers literally became the target of peoples' anger over the collapse of two of the country's banks when he was hit in the face with a snowball. MILAN - Parmalat founder Calisto Tanzi was convicted on Thursday of market rigging and other charges in the 2003 collapse of the Italian dairy giant and sentenced to ten years in prison. MOSCOW - Russian officials on Thursday moved to reassure the public after the eighth effective devaluation since November and promised steps to shield the all-important energy sector from falling world prices. © Copyright 2004 by Merlea Investments Top of Page

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