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RBS and HBOS repaid the cash in December and January respectively

Bank of England reveals secret loans to RBS, HBOS

The Bank of England admitted Tuesday that it lent a total of 61 Full Story


US Airways delays delivery of 54 Airbus aircraft

US Airways plans to cut about 1,000 jobs during the first half of 2010

US Airways said Tuesday it had delayed the delivery of 54 Airbus aircraft as part of spending cuts over the next three years aimed at returning the struggling airline to profitability Full Story

S.Africa leaves recession with 0.9% growth

The figure represents South Africa's first positive growth in a nine-month recession

The South African economy has escaped from recession with growth of 0 Full Story

US third quarter growth revised down to 2.8%

Shoppers in San Francisco

US economic growth in the third quarter was revised down to 2 Full Story

VW's Slovak plant to create 8,500 jobs

Volkswagen made 188,000 vehicles at its Bratislava plant last year, down from 249,000 in 2007

German car giant Volkswagen said Tuesday the production of a new line of small family cars in its Slovak plant would create 1,500 direct and 7,000 indirect jobs as of 2011 Full Story

European stocks drop after surge

Lloyds Banking Group said it would offer shareholders new stock at a discount of almost 60%

Europe's main stock markets fell in morning deals on Tuesday owing to profit-taking after beginning the week sharply higher Full Story

Eurozone factory orders rise in September

Employees work to assemble business aircraft in France

Factories in the 16-nation eurozone reported a rise of new orders in September, although more recent data has suggested economic recovery in Europe may be peaking Full Story

Dollar claws back ground against euro

In late morning trading, the euro eased to $1.4931

The dollar firmed on Tuesday after recent sharp losses as investors largely stayed on the sidelines ahead of the US Thanksgiving holiday later in the week, dealers said Full Story

S.Africa reports recession over with 0.9% growth

The growth is the first since the South African economy recorded consecutive contractions since 2008

The South African economy has escaped from recession with growth of 0 Full Story

Oil prices dip, stay above $77

Oil prices slumped from record highs of above $147 in July 2008 to about $32 in December last year

Oil prices fell slightly on Tuesday amid lingering concerns about weak energy demand Full Story

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