DETROIT (AP) — In recent months, General Motors has been burning through about $3.1 million an hour, or $52,000 — the price of a well-equipped Chevy Tahoe SUV — every minute. How much longer can this go on? And perhaps more important, can GM hang on until Barack Obama a…

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MUMBAI: After a promising start, stocks see-sawed through the day to finally give in to losses. Deteriorating global economic news with Hong Kong and Italy drifting into recession weighed on sentiment. All sectoral indices, barring FMCG, ended in the negative territory. …

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MUMBAI: Foreign exchange reserves fell to $251.364 billion as on November 7, from $252.883 billion a week earlier, RBI said in its weekly statistical supplement on Friday. Foreign currency assets, expressed in dollar terms, included the effect of appreciation or depreciation of other curr…

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LONDON/TOKYO: Germany has fallen into recession and China’s industry output growth waned to its weakest in seven years, data showed on Thursday, reinforcing evidence the financial crisis is plunging the world into a painful downturn. …

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US shares were set to fall at the open on Thursday, heading for a fourth day of declines, with tech stocks likely to slide after a warning on revenue from chip giant Intel. At 1109 GMT, futures for the Dow Jones and S&P 500 were down 0.5 percent and 0.6 percent respectively, with fut…

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MUMBAI: Markets ended sharply lower following Tuesday due to lack of fresh buying BSE and profit booking by traders at higher levels. Bombay Stock Exchange’s Sensex closed at 9,839.69, down 696.47 points or 6.61 per cent. The index touched an intra-day low of 9,799.45 and a high of 10,4…

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But, the US unit declines markedly because of rising loan defaults in the consumer and corporate units, and writedowns in the securities division HSBC said on Monday that its third-quarter profit rose as asset sales and growth in Asia offset a worsening US economy. Europe’s biggest …

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Scottish & Southern Energy Plc, the U.K.`s second-biggest energy supplier, will buy 69 turbines REpower Systems AG expects to double the number of turbines it installs in the U.K. next year. The local division should install more than 100 of the units in 2009, up from 50 this year. …

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MUMBAI: Reliance Infrastructure Ltd has bought back 16,00,000 equity shares of the company in less than two weeks, a statement said here. The company, a part of the Anil Dhirubhai Ambani Group (ADAG), was earlier known as Reliance Energy Ltd. Since the commencement of the buy back on Marc…

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NEW YORK: Indian shares listed in the United States witnessed erosion of nearly $3 billion in their market valuations for the first week of this month, as fears of an economic turmoil deepening further battered the stock markets. The 16 Indian entities trading on the American bourses lost…

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