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U.S. stocks tumble as insurer teeters
NEW YORK: Stocks tumbled again on Wednesday as investors remained worried about chaos in the U.S. financial market even after the Federal Reserve forged an extraordinary $85-billion rescue of insurance giant American International Group Inc. ...

AIG: ‘Policy holders’ obligations will be met’
CHENNAI: American International Group Inc. (AIG) on Wednesday said that its life insurance, general insurance and retirement services businesses, including its extensive Asian operations, continued to operate normally and remained adequately ...

Fed bails out ailing AIG
WASHINGTON: For the second time this month, the U.S. government stepped in to bail out a private financial company, rescuing American International Group Inc., one of the world’s largest insurers, with an $85-billion injection of ...

AIG bailout fails to enthuse markets
MUMBAI: After breathing a little easy on Tuesday, the markets came under pressure again on Wednesday pulling down the Sensex by 256 points to two-month low of 13262.90 amid persistent concerns over global financial scenario even as the ...

BFSI meltdown: $1 b revenue impact likely
Indian IT companies go into stock taking mode

Rupee recovers 55 paise
MUMBAI: Buoyed by the various measures taken by the Reserve Bank of India to ease liquidity crunch in the exchange market, the rupee bounced back and closed stronger by 55 paise against dollar at 46.34/35 on Wednesday amid consistent strong ...

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