1. Weekly News 1 -7
November
Submitted By:
Amandeep Singh
Roll No.
94972238256

2. APEC ponders free trade area as
frictions loom
Asia-Pacific economies, including China and the United States,
were laying the groundwork on Sunday for a vast free trade area,
but frictions over currencies and geopolitical rivalries threatened to
undermine regional harmony
Dollar fall unlikely to lead to peg
rethink-GCC SecGen
The drop in the value of the U.S. dollar is unlikely to lead Gulf Co-
Operation Council countries to rethink their peg to the currency,
the GCC secretary general said on Sunday.

3. US sees 141 bank failures in just 11
months
In signs of continuing financial woes, a staggering 141 American
banks have gone belly up so far this year, surpassing the total
count of bank failures in 2009.
U.S., India plan food security push in
Africa
The United States and India plan to work together to promote
food security in Africa, a part of the world where China has been
expanding its presenceDebt battle could lead to government
shutdown
Fresh from US election victory, Republicans face a rapid test of
their debt-slashing resolve, one that could spark a government
shutdown and, some fear, undermine efforts to aid the recovery.

4. India orders may create 7 lakhs jobs in
US in 10 yrs: CII
Industry body CII today said sourcing of infrastructure equipment,
nuclear hardware and military aircraft from the US by India could
create over seven lakhs jobs in America in the next ten years.
Microsoft's CEO Ballmer sells 12%
stake
Microsoft Corp Chief Executive Steve Ballmer sold $1.3 billion worth
of shares in the company, cutting his stake by about 12 per cent.