Economic slowdown hits Silicon Valley

Job growth has slowed, start-up companies are spending more cautiously, and early-stage investors who nurture the start-ups are growing more frugal.

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1. Dollar falls below 7 yuan data: 10.04.08
The milestone underlined China's growing economic strength and its increasing use of the currency as a policy tool.

2. Credit crisis could cost nearly $1 trillion, IMF predicts data: 10.04.08
Total losses from market meltdown, including the securities tied to commercial real estate and loans to consumers and companies, may reach $945 billion, the International Monetary Fund said Tuesday.

3. U.S. Senate panels to investigate Bear Stearns deal data: 27.03.08
Treasury Secretary Henry Paulson Jr. defended the takeover even as he called for more transparency on the part of Wall Street.

4. Asian businesses and workers suffer from dollar's weakness data: 27.03.08
The sliding value of the U.S. dollar against most global currencies is putting many businesses and workers under increasing financial pressure.

5. Gazprom and Eni prepare to join forces to pipe natural gas from Libya to Europe data: 10.04.08
Some analysts describe Gazprom's moves in North Africa as a "pincer" attack on Europe, which already gets a quarter of its natural gas from Russia.

6. G-7 finance chiefs will hold talks with private-sector bankers data: 10.04.08
They will meet in Washington on Friday to discuss a common response to the financial crisis.

7. Accounting firm under fire in collapse of subprime lender data: 27.03.08
A sweeping investigation found that KPMG enabled New Century Financial's "improper and imprudent practices."

8. The evolution of CyberCrime Inc. data: 07.04.08
Online crime is maturing, and the Internet criminal of today is adopting everything from supermarket-style pricing to outsourcing.

9. World food prices soar as Asia consumes more data: 07.04.08
Price rises are leading to protests and some governments are responding with controls on prices and exports.

10. U.S. home prices continued to plunge in January data: 27.03.08
The fresh evidence of deterioration in the U.S. housing market came as a measure of consumer confidence reached a five-year low.


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