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G20 agrees on direction of FX changes-Canada's Flaherty Reuters GYEONGJU, South Korea Oct 22 (Reuters) - Group on 20 nations are in agreement on the direction of changes needed in currencies, Canada's finance minister Jim Flaherty said on Friday. Flaherty also said he agrees with a proposal made in a letter to the ... See all stories on this topic »

AIG to raise $18bn from AIA share sale BBC News AIA, the Asian arm of US insurance giant AIG, has announced the price of a share offering that it hopes will raise about $18bn (£11.4bn). Shares will be priced at 19.68 Hong Kong dollars ($2.53; £1.61) when they begin trading next week. ... See all stories on this topic »

Covering an increasing debt Washington Post To cover losses on home loan investments, Fannie Mae and Freddie Mac have borrowed money from the US Treasury to remain solvent. Both companies pay interest back to the government. Under several scenarios, the companies will have to borrow even more to ... See all stories on this topic » Washington Post

Braking problem prompts latest Toyota recall Washington Post By Peter Whoriskey After months of bad publicity involving cars that can accelerate out of control, Toyota on Thursday announced a recall of another sort: It said that hundreds of thousands of cars in the United States might not be able to come quickly ... See all stories on this topic »

Baidu Will Raise Spending After Profit, Forecast Beat Analysts' Estimates Bloomberg By Mark Lee - Fri Oct 22 04:24:45 GMT 2010 Baidu Inc. said it plans to raise capital spending to upgrade technology, as the owner of China's most-used search-engine widened its lead over Google Inc., helping the company post earnings that beat ... See all stories on this topic »

Kindle helps Amazon beat forecasts The Guardian The Kindle is the best-selling product on Amazon.co.uk, the company announced last night, as it revealed better-than-expected quarterly results showing products up by 16% to $231m and revenues up 39% to $7.56bn. But lower forecasts for profits in the ... See all stories on this topic » The Guardian

Ericsson's Profit Soars Wall Street Journal By GUSTAV SANDSTROM STOCKHOLM—Swedish network equipment vendor Telefon AB LM Ericsson on Friday posted a jump in third-quarter net profit as rising gross margins helped compensate for short component supplies and a strengthening Swedish krona. ... See all stories on this topic »

RPT-UPDATE 2-TCS Q2 profit tops forecast, flags currency risk Reuters By Prashant Mehra MUMBAI, Oct 21 (Reuters) - India's top IT firm, Tata Consultancy Services (TCS.BO), said it expected robust demand for outsourcing as it posted a second quarter profit that beat expectations but flagged volatile currencies as a risk ... See all stories on this topic »

Tailwind of profit propels airlines Houston Chronicle By JENALIA MORENO Copyright 2010 Houston Chronicle Continental Airlines, United Airlines and Southwest Airlines all reported healthy third-quarter profits Thursday, but their executives are fretting about rising fuel costs. "I think the biggest wild ... See all stories on this topic »

Gold up but heads for biggest weekly drop since July Reuters A shopkeeper shows gold bars after buying them from a customer in Bangkok's Chinatown October 14, 2010. By Lewa Pardomuan SINGAPORE (Reuters) - Gold bounced on Friday on bargain hunting by jewelers after losing 1.5 percent in the previous session, ... See all stories on this topic » Reuters

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