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| October 04, 2008 | Saturday | Shawwal 04, 1429 |
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NFC parleys may again witness friction
KARACHI, Oct 3: Politicians and bureaucrats in Karachi fear that the National Finance Commission (NFC) deliberations may again witness friction and fireworks and eventually end up with a ‘no-consensus’ as Punjab’s... 
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Stocks up as bailout plan okayed
NEW YORK/LONDON, Oct 3: US stocks were higher but pared gains on Friday as financial shares came off their peaks due to profit-taking after passage of the $700 billion financial sector bailout by the US House of Representatives....
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US cuts 159,000 jobs in September
WASHINGTON, Oct 3: A struggling US economy lost 159,000 jobs in September as the weight of the housing collapse and credit crunch hit a broad swath of industries, government data showed on Friday....
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Job cuts at major firms
The following is a summary of some of the biggest job losses at major banks since the start of the credit crisis:...
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Poor states tackle rising food, fuel prices
ACCRA, Oct 3: Leaders of the world’s poorest countries met on Friday to wrap up a summit focused on how to stop escalating food and fuel prices amid financial market turbulence in developed nations....
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AIG plans asset sales to repay US debt
NEW YORK, Oct 3: Embattled insurance giant AIG announced plans on Friday to sell off “non-core” assets to pay off its loan from the US Federal Reserve, which would conclude a controversial government bailout....
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Wells Fargo bank buys Wachovia
WASHINGTON, Oct 3: US bank Wells Fargo said on Friday it was buying rival Wachovia for $15.1 billion in stock, ending a government-backed plan for Citigroup to take over Wachovia’s banking operations....
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Tata abandons cheapest car plant
KOLKATA, Oct 3: India’s Tata group announced on Friday it was abandoning a plant in eastern India, which was stated to turn out the world’s cheapest car after weeks of violent demonstrations triggered by a land dispute....
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Oil prices fall
NEW YORK, Oct 3: Oil fell on Friday, dragged down as demand concerns outweighed optimism following the passage of the US financial sector rescue bill in the US House of Representatives....
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France slips into recession
PARIS, Oct 3: French leaders scrambled to reassure consumers, voters and investors on Friday after the official statistics agency warned that the eurozone’s second largest economy had slipped into recession....
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