News Round-Up: 8 Jul 2008

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North America
GM may be mulling thousands of job cuts – Reuters
St. Louis Fed Economist: Let Mortgage Mess Resolve Itself – Housing Wire
Home Prices Fall in 23 of 25 U.S. Metropolitan Areas – Bloomberg
TSX falls more than 300 points on declining resources – National Post
Deutsche, UBS Fight History With S&P 500 Forecasts – Bloomberg

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Europe
ECB Rate Rise Focuses on Wages – WSJ
Spain Faces Recession, Threatening Euro Zone – WSJ
UK manufacturing output falls sharply – Guardian
European banks’ capital raising – FT
German and UK industrial output drops – FT

Foreign language
El Santander es el tercer banco occidental tras superar al Bank of America – El Pais
Kleinanleger drohen IKB mit Insolvenzantrag – Spiegel
Zahlreiche Flüge von Lufthansa-Töchtern fallen aus – Spiegel

Latin America
Kirchner Wins Soybean-Tax Vote – WSJ

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