WASHINGTON (AP) — The Bush administration plans to spend an initial $250 billion of the $700 billion bailout buying stock in private banks, greatly expanding protections for the U.S. financial system out of deep concern for the faltering economy, industry and government officials sa…

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LONDON: Three major British banks could take GBP 37 billion ($64 billion) in government money to boost their capital, the UK treasury said. Royal Bank of Scotland (RBS) said in a statement it will boost capital by GBP 20 billion including the UK government taking GBP 5 billion in preferen…

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SINGAPORE: Goldman Sachs, one of the foremost bulls on commodities, turned a near-term bear on Monday after conceding that global financial turmoil would take a far bigger toll on demand than first anticipated. “We have underestimated the depth and duration of the global financial c…

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MUMBAI: Stocks are likely to see some respite on Monday after a turbulent session last week, propped up by worldwide measures to support markets amid the global financial turmoil. Asian markets were on recovery path Monday after Australia guaranteed bank deposits and European leaders agre…

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WASHINGTON (AP) — President Bush met with foreign financial officials Saturday and pledged a global response to the credit crisis that will lead toward a “path of stability and long-term growth.” Bush announced no new strategies to attack the economic woes circling the g…

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SANAND: The ultra-small car Nano, which is being brought out by TATA Motors, is once again in troubled waters in Gujarat after some farmers voiced their discontent over the compensation offered against their land. …

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Bangalore, Oct. 10 Infosys Technologies Ltd reported a 30.2 per cent rise in net profit for the September quarter, beating its own and street estimates. It, however, pared revenue outlook in dollar terms for the fiscal due to currency volatility and the economic crisis in the US, which ac…

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New Delhi, Oct. 10 Hindustan Sanitaryware and Industries Ltd (HSIL), the flagship company of the Somany Group, is looking for an acquisition in the range of Rs 130 crore to Rs 300 crore in Europe, for which it is in talks with companies focusing on sanitaryware products and bathroom acces…

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The Dow Jones industrials have fallen below the 9,000 mark, hurt by a steep decline in shares of General Motors Corp. The blue chip index is extending its selling to a seventh straight day Thursday as investors grapple with worries about the credit markets and the economy …

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The Dow Jones industrials have fallen below the 9,000 mark, hurt by a steep decline in shares of General Motors Corp. The blue chip index is extending its selling to a seventh straight day Thursday as investors grapple with worries about the credit markets and the economy. …

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