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Freddie Mac posts $5 bn loss

Freddie Mac, 2nd largest provider of US residential mortgage funding, posted a loss of $5 bn.

FX problems symptom not cause: IMF's Youssef

A meeting of Group of 20 finance leaders should not be fixated on exchange rate levels, as they are a symptom of underlying economic problems rather than a cause, the head of the International Monetary Fund's policy-steering committee told Reuters.

10% jobless in Obama's new world

Political shockwaves for Obama didn't ease as unemployment topped 10 per cent.

SKorea approves free trade deal

SKorea's parliament ratified a free trade deal with India, opening way to elimination of tariffs.

US productivity surges

US business productivity grew at its fastest clip in six years in the third quarter.

Indian among 14 more charged in Wall St scam

FBI has charged Deep Shah, a former employee of Moody's, with conspiracy and securities fraud.

Nissan returns to profit in latest quarter

Nissan Motor Co, Japan’s third-biggest automaker, revised its annual outlook to a profit from a loss on Wednesday as soaring sales in China helped drive quarterly earnings beyond the market’s expectations.

Disney gets nod for Shanghai theme park

Walt Disney Co received approval from govt of China for building a theme park in Shanghai.

GM sees October sales bounce, Chrysler plunges

General Motors posted its first monthly sales increase in nearly two years on Tuesday as a rebound in industrywide U.S.

Japan, US biz leaders call for closer economic ties

Japanese and US business leaders call for strengthening bilateral economic relations in Asia.

Bridgestone to halt tire supply for F1

Japanese tyre maker Bridgestone Corp said on Monday it would quit Formula One next year, dealing a further blow to the sport after the recent withdrawal of other high-profile firms due to the global downturn.

Economy moving in right direction: US

Barack Obama said there are clear signs that his Govt's efforts to stimulate economy were moving in right direction.

India, Saudi agree to grant multiple entry visas

India and Saudi Arabia have agreed to grant multiple entry visas to businesspersons.

US recession ends, unofficially

The US economy grew in the third quarter for the first time in a year.

India asks UK to allow more IT professionals

Britain has promised to look into suggestions to allow more Indian IT professionals into UK.

Obama to meet business lobby critics

Obama will hold talks with officials of the US Chamber of Commerce to discuss healthcare overhaul.

US govt reforms advance in Congress

The Obama administartion made gains in its push for US financial reform.

France to help India boost food processing

In an effort to help India develop its food processing sector, France has offered to set up a joint working group and has offered its expertise and technology in the area, according to France’s minister for foreign trade Anne-Marie Idrac.

Twitter, Facebook 'costing British economy £1.38 bn'

According to the survey, more than half of office workers in Britain use the social networking sites for personal use during the office hours.

BP looking at Kosmos bid: Report

Exxon Mobil agreed to buy Jubilee stake from Kosmos in Oct, according to sources.

Volvo Q3 loss smaller than forecast

World No. 2 truck maker Volvo posted a smaller-than-expected Q3 operating loss on Friday.

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