NEWS
| US electric carmaker Tesla prepares IPO |
| SAN FRANCISCO - U.S. electric sports car maker Tesla Motors plans to go public soon, two sources familiar with the matter said, amid growing interest in green technology and battery-powered vehicles. |
| Obama wants U.S. economy-wide climate plan |
| WASHINGTON - The Obama administration wants a comprehensive plan to cut U.S. greenhouse gas emissions, not one that imposes carbon reduction requirements on just some industries such as electric utilities, a senior White House adviser said on Friday. |
| Dell bets on corporate spending for recovery |
| SINGAPORE – Dell , the world’s No.3 PC brand, said on Friday that its core business of selling computers to companies was returning, after a sharp drop-off during the global downturn led to disappointing quarterly results. |
| Asia’s airlines stem decline: aviation body |
| SINGAPORE - Asia’s airline industry is beginning to pull out of a severe slump sparked by the global recession with signs that passenger numbers have started to recover, a regional body said Friday. |
| Geithner, under fire, defends AIG bailout |
| WASHINGTON - U.S. Treasury Secretary Timothy Geithner on Thursday defended the costly bailout of insurer AIG and urged swift regulatory reform to safeguard the economy from the failure of big financial firms. |
| WTO urges non-discrimination as crisis ends |
| GENEVA - Governments must ensure they avoid discriminating against foreign suppliers in economic policy and financial regulation as the global economic crisis ebbs, the World Trade Organisation said. |
| India Reliance ups fuel sales to Africa, cuts Europe |
| NEW DELHI - Giant Indian refiner Reliance exported a third more fuel during July to September versus the second quarter, with Africa racing past Europe as its No. 2 market while sales to the United States are set to rise further. |
| JPMorgan lands Cazenove in 1 bln pound buyout |
| LONDON - JPMorgan Chase & Co is beefing up in Europe by buying the half of Cazenove it does not already own in a deal valuing the 190-year old UK brokerage at 2 billion pounds ($3.4 billion). |
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