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Traders feel the heat of the New York stock market slump. (Reuters)

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IIM grads will now serve India
As a boon in disguise due to US slow down, the IIM graduates will at least serve our country now.

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Black money zindabad!
Looking at the sub prime mess in the US, I have a feeling that this might never happen in India with the component of black money in property deals.

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US bankruptcies surge 30%; touch 10.4 lakh cases

The world's largest economy, the US, has seen a spurt in bankruptcy cases, with such filings jumping as much as 30% for 12 months ended September 30 compared to the year-ago period.

Canadian economy heading towards recession

Canada is expected to slip into recession, joining the league of other developed nations like the US and Japan, with a report projecting the economy to witness near zero growth next year.

Japan proposes record budget to bolster economy

The Japanese cabinet approved a USD54bn dollar second extra budget to finance a massive stimulus package, government officials said.

US offers automakers $17.4bn rescue, sets deadline

The US government said it would provide ailing automakers with 13.4 billion dollars in short-term financing, setting a deadline of March 31, 2009 for them to become viable.

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