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Financial groups` problem assets hit $610bn
The biggest US financial institutions reported a sharp increase to $610bn in so-called hard-to-value assets during the third quarter, raising concerns about the hidden dangers lurking on balance sheets
FT.com

Recycling taking an economic hit, over and over again - KARE
It takes yesterday&os;s trash and makes it into tomorrow&os;s products. You could say the recycling industry is both noble... and lately, struggling. 'If you want to look at recycling over the last two months, the news is really glum,' said Susan Hubbard ...
Feed Digest

Berlin hits out at `crass` UK strategy
Germany's finance minister launched a stinging attack on economic measures pursued by the British prime minister, fuelling tensions on the eve of European crisis talks in Brussels
Financial Times

Sterling hits new record euro low
The British pound falls to a new record low against the euro amid a grim outlook for the UK economy.
BBC

Pound plumbs new low against euro
Sterling hit a fresh low against the euro on Wednesday, as the outlook for a sharply deteriorating UK economy sent investors scrambling from the currency
Financial Times

SKF sheds 2,500 jobs as slowdown hits demand
The world's biggest bearings producer, will cut 2,500 jobs - 6% of its workforce - in response to a plunge in sales in the fourth quarter, particularly from the struggling auto industry
FT.com

Euro Hits Fresh Record High Versus British Pound, Swiss Franc Climbs Ahead of SNB Rate Decision
The euro climbed to a fresh record high versus the British pound on Wednesday, helping to bring the EUR/USD pair up for a test of the November 5 and November...
Daily FX

Frugality an everyday companion as recession hits Japan
Japanese homemakers have made an art of living frugally in one of the world's most expensive countries, and they are now pruning spending further as the economy plunges.
International Herald Tribune

Audi to unleash 525 hp, 196 mph, R8 V10 supercar
Audi's new incarnation of its flagship R8 supercar will hit showrooms in 2009 sporting subtle exterior refinements including re-shaped side sills, wider cooling vents, all-LED headlamps, chrome-finished grille and 10-spoke 'Y design' alloy wheels, but by far the biggest change lies beneath the surface - namely two more cylinders. The introduction of a 5.2-liter, 525 hp, V10 engine delivers significantly greater performance compared with the original 4.2 liter V8 production model released in 2006 - zero to 62 mph in 3.9 seconds (compared with 4.6 seconds), a top speed of 196.35 mph (up from 187 mph) and almost 25% more maximum torque at 530 Nm - giving it the mantle of the fastest ever road-going Audi and putting it within arms length of elite company like the Porsche 911 GT2...Tags: Audi, Gallardo, Porsche, SupercarsRelated Articles: Audi's A3 TDI clubspot quattro A three wheeler from Audi Audi's R10 TDI takes out Pioneering and Innovation Award Audi reveals 'Le Mans quattro' con
Gizmag

US Dollar Loses Ground - Will We See A Break Lower on Thursday?
- British Pound Faces Heavy Resistance at 1.49, BOE's Biggest Dove to Step Down in May 2009 - Euro Hits Fresh Record High Versus British Pound, Swiss Franc...
Daily FX

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