Reuters - Troubled insurer American International Group Inc had borrowed $90.3 billion from the U.S. government as of Wednesday, three-quarters of the emergency funds made available to it under a federal rescue plan, the Wall Street Journal reported.
UK shrinks, companies suffer, China says outlook grim (Reuters)
Reuters - Britain's economy shrank, China said the outlook was grim and companies from Japan to France were punished on Friday as a downturn born of the worst financial crisis in 80 years took root.
Stock futures frozen after steep plunge (Reuters)
Reuters - Stock index futures tumbled so sharply on Friday that they had to be frozen at several points as global markets tumbled on signs the global economy is in the throes of recession.
Stocks plunge nine percent on recession fears (AFP)
AFP - London's FTSE 100 index of top shares plunged by more than nine percent on Friday as data revealed that the economy shrank in the third quarter, placing it on the brink of recession.
OPEC agrees output cut, oil slide goes on (Reuters)
Reuters - An emergency OPEC meeting on Friday reached swift agreement to chop production by 1.5 million barrels per day (bpd) as a first step toward halting a deep oil price slide.
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