NEW YORK (Reuters) - Warren Buffett has said the hundreds of billions of dollars of taxpayer-funded bailouts of corporate America will eventually pay off.
LONDON/NEW YORK (Reuters) - Prudential, Britain's largest insurer, is in advanced talks to buy the Asian arm of American International Group in a deal worth about $35.5 billion, sources familiar with the matter said on Saturday.
TOKYO (Reuters) - Toyota Motor Corp's president will hold a news conference in Beijing on Monday to explain its recent recalls, Kyodo news agency reported, citing an announcement by the automaker's local unit.
NEW DELHI (Reuters) - India's market will be able to absorb record government borrowing announced in the budget, Planning Commission Deputy Chairman Montek Singh Ahluwalia said on Saturday, despite an initial negative reaction from bondholders.
LONDON (Reuters) - The British economy faces a difficult road ahead despite its return to growth at the end of last year, Prime Minister Gordon Brown said in an interview published on Saturday.
INCHEON, South Korea (Reuters) - Governments need to coordinate exit strategies but the pace at which they unwind stimulus measures depends on their individual circumstances, senior officials said on Saturday on the sidelines of a G20 deputy finance ministers' meeting.
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BEIJING (Reuters) - Chinese regulators may order banks to shore up their core capital this year in conjunction with a possible increase in their capital adequacy ratios, the Shanghai Securities News reported on Saturday.
WASHINGTON (Reuters) - A bold proposal by Senate Banking Committee Chairman Christopher Dodd to set up a single supervisor for U.S. banks looks doomed, said a source familiar with Senate committee discussions on Friday.
TOKYO (Reuters) - South Korea may propose at a G20 summit in November the setting up a global pool to offer emergency dollar funds to financial institutions in the event of another economic crisis, Japan's Nikkei newspaper reported on Saturday.
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