AFP 1400 GMT Economics News Advisory
Duty Editor: Bryan McManus
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The European Central Bank says it is too early to start winding down its debt crisis measures as it holds interest rates steady amid signs the 17-nation eurozone is on the brink of recession.
700 words 1500 GMT. by Simon Morgan
Spain's borrowing costs rise sharply at its first debt sale since the government presented a tough budget last week, a sign of renewed market concerns over its ability to bring its strained finances under control.
600 words 1500 GMT by Elodie Cuzin
European stock markets slump and the euro falls, hit by yet more signs of recession in Europe as the European Central Bank keeps interest rates at an historic low.
550 words 1430 GMT
World oil prices slide after the US Federal Reserve poured cold water on hopes of more monetary stimulus, while traders digest the latest snapshot of US crude inventories.
500 words 1700 GMT
Struggling US Internet pioneer Yahoo! says it will cut roughly 2,000 jobs in a sweeping restructuring by new chief executive Scott Thompson aimed at building a "smaller, nimbler, more profitable" company.
600 words 1430 GMT by Veronica Smith
China's Premier Wen Jiabao calls for the break-up of a banking "monopoly" on lending that has squeezed private businesses in the world's second-largest economy as its hectic rate of growth slows.
650 words moved. Picture
San Miguel buys a 49 percent stake in loss-making Philippine Airlines for $500 million as part of a strategy to move away from its beer and food businesses.
450 words moved by Jason Gutierrez. Picture.