Business News
UK gives ground on global tax on banks
ST ANDREWS, Scotland (Reuters) - World governments should consider urgently a levy on banks to fund future bailouts, British Prime Minister Gordon Brown said on Saturday, departing from London's longstanding resistance to a global tax. Full Article
Freddie Mac posts $5 bln loss, predicts weak housing
NEW YORK (Reuters) - Freddie Mac, the second largest provider of U.S. residential mortgage funding, on Friday posted a loss of $5 billion in the third quarter and predicted it would need more government support amid a "prolonged deterioration" in housing. Full Article
Britain urges divided G20 to reach climate finance deal
ST ANDREWS, Scotland (Reuters) - British finance minister Alistair Darling urged his G20 counterparts on Saturday to work toward a $100 billion deal to tackle climate change but developing nations insisted they did not want to talk about it. Full Article
India changes stake sale rule
Nov 6 - India on Thursday changed rules on using federal stake sale proceeds and made it mandatory for all profit-making, listed, state-run firms to float at least 10 percent stake, in a move aimed at cutting its fiscal deficit.
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Commodities
| Commodity | Last | Pct Chg | Trade Date/Time |
|---|---|---|---|
| Oil | 76.05 | -2.55% | 11/07 03:52 IST |
| Gold | 1096.9 | +0.69% | 11/07 03:43 IST |
