Business

US mortgage finance firm Fannie Mae reports a third-quarter loss of $29bn in the wake of the slowing housing sector.

Deutsche Post says it will cut 9,500 jobs at DHL Express in the US and scale down the operations of the US business.

US electronics firm Circuit City files for bankruptcy protection, one week after saying it would close about 20% of its stores.

Spanish bank Santander unveils a 7.2bn euros share issue to raise new capital.

Emirates Airline reports a 88% drop in its net profit for half a year to 30 September on higher oil prices.

The US Treasury buys $40bn in newly-issued AIG preferred shares as part of its rescue plan.

The cost of goods leaving UK factories fell 1% in October, figures show, the largest amount since records began.

Slowing demand sees Indian car production cut back, industry figures show.

Rating agency Fitch cuts its outlook on some key emerging economies because of exposure to the global economic crisis.

Stock markets across Asia jump a day after China announced a $586bn economic and infrastructure stimulus plan.