World News Australia http://news.sbs.com.au/worldnewsaustralia/ The Indian textile industry, the country's second-largest exchange earner, will lose half a million jobs due to the financial crisis, a govt official says. http://news.sbs.com.au/worldnewsaustralia/india_faces_500000_textile_job_losses_563214 The Australian share market performed a surprise turnaround in the last hour of trade to finish in positive territory after four consecutive trading days of losses. http://news.sbs.com.au/worldnewsaustralia/late_rally_sees_stocks_close_higher__563180 With Citigroup stock value plunging, top executives at the financial giant are considering the sale of all or parts of the company, the Wall Street Journal reported on its website late Thursday. http://news.sbs.com.au/worldnewsaustralia/citigroup_39considering_selling_company39_563156 The Australian share market was over three per cent lower at noon, with slumping resources and financial stocks extending morning losses. http://news.sbs.com.au/worldnewsaustralia/aussie_stocks_plunge_on_recession_fears_563147 Oil prices tumbled under 50 dollars overnight as plunging equities and weak US data sparked fresh concern that a worldwide recession could ravage energy demand. http://news.sbs.com.au/worldnewsaustralia/oil_price_slumps_under_50__563132 Global stock markets have plunged as a jump in US jobless figures and fresh rounds of job cuts worldwide deepened fears of recession. http://news.sbs.com.au/worldnewsaustralia/world_stocks_dive_on_recession_fears_563126 A bipartisan group of senators has reached a last-ditch deal to rescue the ailing "Big Three" US automakers after a tense political showdown. http://news.sbs.com.au/worldnewsaustralia/senators_announce_deal_on_us_auto_aid_563127 Global markets suffered fresh turmoil on Thursday, with Asian stocks plunging as a sharp drop in Japanese exports added to gloom about the outlook for the faltering global economy. http://news.sbs.com.au/worldnewsaustralia/growing_sense_of_doom_on_global_markets__563093 The United States has asked four oil-rich Gulf states for close to $455.33 billion to help it curb the global financial meltdown, a Kuwait newspaper reports. http://news.sbs.com.au/worldnewsaustralia/us_seeking_billions_from_gulf_states_563088 Car giant Ford will keep its Geelong engine plant open beyond 2010, despite the global economic turmoil. http://news.sbs.com.au/worldnewsaustralia/ford39s_geelong_plant_to_stay_open_563051