Auto woes News
Job cuts, auto woes deepen recession fears
Washington: Bleak outlooks from world carmakers and more news of big job cuts at major companies on Thursday deepened fears in corporate boardrooms and trading floors around the world of an extended global recession.
Asian shares tumbled, hit by weaker-than-expected Japanese export data, European stocks closed slightly lower as losses in banks and automobiles eclipsed gains in oil and defensive shares,
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