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Other stories
Big Three automakers face skeptical Congress in rescue plea
Their fate remained uncertain even after a request of a $34-billion bailout. -AFP
GM, Chrysler may merge
They are open to merger if US govt mandated it as a condition for providing emergency financing. -Reuters
Bad loans likely to rise in '09
Beijing has relaxed monetary policy as part of measures to cushion the economy. -AFP
MAS seeks legal advice
MAS has enlisted senior counsel Davinder Singh to advise on legal issues faced by Minibonds. -ST
SPH in good shape to ride out recession
Media giant will review its operations and introduce additional cost-management measures. -myp
Video: Credit crunch claims Swiss bank jobs
Swiss bank Credit Suisse announces it will axe 5,300 jobs. -Reuters
Cheer to US retail sales in Dec
Retail environment still tough in 2009. -Reuters
US jobless at 26-yr high
Scores of US companies announce massive layoffs. -Reuters
Viacom cuts 850 jobs
It is slashing 7% of its workforce. -AFP
Eurozone in recession
Bloc's combined economy shrank by 0.2 per cent. -AFP
Pound hits historic euro low
It dropped to 1.1499 euros. -AFP
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