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China in talks to buy stake in AIG unit: report
TOKYO (AFP) - A consortium led by China's sovereign wealth fund is in talks with struggling US insurance giant American International Group to acquire a stake in one of its units, according to a Japanese daily.

Citigroup executives consider sale of all or part of bank: report
WASHINGTON (AFP) - With Citigroup stock value plunging, top executives at the financial giant are considering the sale of all or parts of the company, the Wall Street Journal reported on its website.

Oil prices fall further below 50 dollars
SINGAPORE (AFP) - World oil prices fell further below 50 dollars on Friday -- at levels unseen in more than three years -- on growing fears that a worldwide recession could ravage energy demand, analysts said.

Argentine Congress passes pension nationalization law
BUENOS AIRES (AFP) - A bill to nationalize over 26 billion dollars in private pension funds was approved by the Senate, after clearing the Chamber of Deputies earlier this month, and was headed to President Cristina Kirchner for her signature.

Financial turmoil biting hard for Vegas gaming giants
LAS VEGAS, Nevada (AFP) - Times are tough for Las Vegas casinos as for every other sector of the ailing US economy, but that in itself is news because, until this economic downturn, the one place that seemed less impacted by hard times was the world's gambling capital.

No viable auto industry bailout plan: Democrats
WASHINGTON (AFP) - Democrats in Congress put off a vote on a bailout for crisis-hit & quot;Big Three & quot; auto makers until at least December, and ordered industry chiefs to come up with a new restructuring plan.