18.11.2008

Stock markets lose hope as session turns weaker on U.S. housing numbers

TORONTO - A session of see-saw trading ended in positive territory for North American stock markets as investors conjured up enough optimism to drive overall sentiment higher.

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18.11.2008

Asia stocks sink as U.S. layoffs add to global gloom

HONG KONG - Asian stock markets sank Tuesday after Wall Street retreated and global financial firms announced another round of massive layoffs, adding to gloom about the world economy. European markets traded lower.

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18.11.2008

Detroit's Big 3 carmakers beg Congress for US$25 billion as aid stalls

WASHINGTON - Detroit's Big Three automakers pleaded with a reluctant Congress Tuesday for a US$25-billion lifeline to save the once-proud titans of U.S. industry, pointedly warning of a national economic catastrophe should they collapse.

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