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Norway to tap oil wealth

The Norwegian is expected to spend more of its oil revenues to avoid a severe recession, and might draw on the assets of its $332 billion (£222 billion) sovereign wealth fund to finance a new fiscal spending package.

UK inflation falls as King writes letter

British inflation fell in November but remains far above the Bank of England's target, obliging Mervyn King, the governor of the central bank, to write another letter explaining why inflation remains so high and what the Bank is doing to bring it down.

BoE survey confirms household squeeze

The results of a survey of household finances, published on Monday by the Bank of England, finds that 71% of British homeowners and tenants have experienced declines in their disposable income in September compared with the same month last year.

IMF to cut growth forecast

The International Monetary Fund (IMF) will cut its forecast for growth in the global economy in 2009, its managing director said.

Riksbank's Oberg on wage bargaining

The sector of the economy that is exposed to international competition should also set the norm for wage increases in Sweden, said Svante Oberg, a deputy governor of the Riksbank.

RBNZ to accept corporate debt

The Reserve Bank of New Zealand has announced a number of changes to its market operations, mostly significantly accepting domestic corporate securities as collateral for central bank loans. The paper must have a long-term credit rating of BBB- or higher.

Rouble's slide continues

The Russian central bank on Thursday allowed the rouble to depreciate further, as the drain on its foreign reserves continued unabated.

Fed's Kroszner on restoring confidence in MBS

Comprehensive and standardised loan-level data covering the entire pool of loans backing mortgage-backed securities (MBS) was needed so that the underlying credit quality could be analysed more easily, said Randall Kroszner, the governor of the Federal…

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