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  • U.S. Stocks Fall on Concern Recession to Deepen; Alcoa Retreats (Bloomberg)
    www.bloomberg.com
    Nov. 17 (Bloomberg) -- U.S. stocks tumbled, extending a two- week drop, as a record contraction in New York manufacturing and Citigroup Inc.’s plan to cut 52,000 jobs spurred concern the recession will deepen.
  • Eskom in record loan drive (Financial Times)
    www.ft.com
    The freeze in global capital markets on Monday forced Eskom, South Africa’s struggling power utility, to take out the biggest private sector loan ever granted by the African Development Bank (AfDB) as part of its efforts to raise R150bn ($15bn) to alleviate the country’s power crisis.
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