Citigroup, led by its Indian American CEO Vikram Pandit, has reported a slim profit of just $101 million in the third quarter. But while Thursday's results were much better than analysts anticipated, it also left many wondering whether the embattled bank has finally turned a corner. As one of the harder hit banks in the crisis, Citigroup has been on a campaign to get back to sustained profitability.
Moody's says that there is always the risk of another financial shockwave.
http://www.ibnlive.com/news/risk-of-another-lehman-brothers-looms-moodys/101879-7.html
Up to 6,000 of the job losses would come in Europe.
http://www.ibnlive.com/news/steelmaker-arcelormittal-to-cut-up-to-9000-jobs/79232-7.html
The mantra is 'tighten your purse strings' and save for worse days.
http://www.ibnlive.com/news/europe-gearing-up-for-a-dark-christmas/78476-2.html
British Telecom has 600 employees in India but the job cuts are in UK.
http://www.ibnlive.com/news/british-telecom-to-cut-10000-jobs-india-untouched/78104-7.html
Brazil has encouraged developing nations' participation in the meeting.
http://www.ibnlive.com/news/g20-meets-to-discuss-global-financial-crisis/77750-7.html
Recession hits hard and people need an escape from reality.
http://www.ibnlive.com/news/too-broke-for-all-else-americans-save-up-for-movies/76530-2.html
Leaders will also talk about the revival of world trade talks.
http://www.ibnlive.com/news/g8-leaders-call-for-global-summit-on-financial-crisis/75929-7.html
The money will be put into nine of the biggest banks in the US.
http://www.ibnlive.com/news/us-treasury-to-pump-250-bn-into-banks-buy-shares/75821-7.html
In the time of crisis gold is the only thing where people are investing.
http://ibnlive.in.com/videos/75807/market-crashes-people-see-hope-in-gold-investment.html
The panel will be headed by Finance Secretary Arun Ramanathan.
http://www.ibnlive.com/news/expert-panel-on-financial-crisis-to-meet-today/75682-7.html
Vacations, dining out and home improvements have been cut down.
http://ibnlive.in.com/videos/75583/credit-crunch-britons-tighten-their-spending-belts.html
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