GM posts first annual loss since 1992

Friday, January 27, 2006 General Motors Corporation (GM) has posted its first annual loss since 1992. GM reported losing US$4.8 billion in the fourth quarter of 2005 and a total loss of $8.6 billion for the entire year. GM admitted Thursday night that the loss could swell further as it
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IMF approves US$1.13 billion loan to Pakistan

Saturday, May 15, 2010 The International Monetary Fund (IMF) said yesterday that its board has approved a loan package worth US$1.13 billion to be granted to Pakistan. The move came after the IMF reviewed Pakistan’s economic performance with a standby arrangment worth $11.3 billion aimed at improving the country’s balance
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