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Shanghai shares fall 2.4 per cent after Wall Street plunge

Shanghai shares fall 2.4 per cent after Wall Street plunge Beijing - Shares on China's main stock market fell by 2.44 per cent Thursday after an overnight plunge on Wall Street.

The key Shanghai Composite Index, which tracks shares traded in foreign and local currencies, closed at 1,717.72, down 42.89 points, or 2.44 per cent.

The smaller Shenzhen Composite Index lost 1.67 per cent, or 7.85 points, to end the day on 463.01.

Both markets had risen by just more than 3 per cent Wednesday.

Iraq doesn’t see Obama abandoning it as still “a great deal is at stake”

Barack ObamaBaghdad, Nov 6: Iraqi Foreign Minister Hoshyar Zebari has said that US President-elect Barack Obama won’t stick to his stance of withdrawing US troops within 16 months of taking over the White House, as promised during the election campaign.

“There won''t be quick disengagement here. A great deal is at stake,” the Daily Times quoted Zebari as telling a foreign news agency.

He said that Baghdad would respect the will of the American voters and that it was looking for a successful partnership with Obama.

Ford To Invest $500 Million In India: Small Car By 2010

Ford To Invest $500 Million In India: Small Car By 2010The Ford India Pvt Ltd Company announced an investment of $500 million in India and introduction of a small car by year 2010.

Ford in India sells Ikon, Fusion and Fiesta cars, and the Endeavor sports-utility vehicle. Michael Boneham, president of Ford India Pvt. Ltd. said "The Credit crunch and the lack of confidence has affected in the short-term" however adding that the plans for new models of Ikon "are on track despite the difficulties".

Singapore shares trade lower on gloomy economic outlook

Singapore - Singapore shares dropped sharply Thursday, cooling off from the euphoria over Barack Obama's election as US president the day before as investors expected a recession to hit.

CNN’s Christiane Amanpour may soon get her own show

Christiane AmanpourNew York, November 6: CNN correspondent Christiane Amanpour may soon be getting her own show, according to sources.

"She's getting her own hour. She was furious after CNN gave (Newsweek correspondent) Fareed Zakaria his own show on Sunday - especially since it''s all about international affairs which is her specialty," the New York Post quoted an insider as saying.

The source further revealed that bosses at CNN eventually bowed to Amanpour's wrath, and that they are now ready to announce her program.

Sensex Down 223.97 Pts At 9,896.04

Sensex Down 223.97 Pts At 9,896.04The 30-share index BSE Sensex fell into the negative terrain on account of heavy selling activity in metal and blue-chip stocks.

Oil & gas, auto and IT stocks have edged up a bit from their earlier lows. Metal stocks continue to trade weak, while realty and FMCG sectors too have bounced back from their lower levels.

BSE Midcap and Smallcap index lost 1.42% and 1.96% respectively.

Today, the Indian stock market belled the day after losing 364.98 points at 9,755.03.

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