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Economy will suffer collateral damage from the crisis roiling the financial sector, although the extent of the fallout remains to be seen, ministers and analysts warned on wednesday.
Economy faces fallout from financial crisis.
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Fifth round of talks and that had been due to be held on thursday has been postponed request, foreign minister said.
Says has postponed talks.
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Least 54 people were killed and more than 83 wounded in a series of attacks on wednesday, one of them a twin car bombing in a business district, security sources said.
Least 54 dead attacks.
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On wednesday proposed expanding its food program for the most deprived people in the bloc by boosting the budget by two thirds and increasing the range of products provided.
Seeks to expand food aid poor.
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President on wednesday signed agreements and setting the diplomatic framework relations with the two rebel regions.
Signs deals.
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Armed militants who have declared an oil war "in the restive south of the country claimed wednesday to have blown up a major pipeline in their latest attack on oil installations in the region.
Oil rebels hit more facilities.
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Militants attacked the us embassy in the capital with a car bomb and rockets on wednesday, leaving 74 people dead, in the second strike on the high security compound in six months.
74 killed in attack on us embassy.
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New daughter in law of president is suing two magazines for publishing stolen "photos of her wedding to the president's son last week, her lawyer said wednesday.
Daughter in law sues over wedding.
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Said it will start wednesday to distribute emergency food supplies to reach around 81,127 vulnerable people in the poverty stricken country.
Begins emergency food distribution.
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Military and authorities will jointly investigate a backed claim of high civilian casualties in a recent coalition air strike, us defense secretary said wednesday.
Official agree to joint civilian death probe.
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Shares closed 374 percent down on wednesday with investors still jittery about the fallout from the collapse of giant dealers said.
Shares end down 374 pct.
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Rebels attacked an patrol in the restive leaving seven soldiers and one militant dead, military officials said wednesday.
Eight dead rebel attacks.
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Prime minister said wednesday he would arrange a royal pardon for prince allowing him to end his self imposed exile after being convicted of fraud.
Pm gives green light to return home.
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Regulators gave the greenlight wednesday plans to privatise and but said 835 million euros lrb 35 billion dollars of state aid to its cash strapped national carrier broke rules.
Okays privatisation.
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Shares rose two percent wednesday on a continued rebound driven by a firmer rupiah and overnight gains in us stocks, dealers said.
Shares close up two percent.
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Share prices closed 775 percent lower on wednesday amid mounting fears of a domino effect on the global financial sector after the collapse of us investment bank dealers said.
Share prices close 775 percent lower.
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Small party ruling coalition quit on wednesday, in a fresh blow for the government which is also facing an opposition bid to seize power.
Small party quits ruling coalition.
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Dollar fell against the on wednesday as the foreign exchange market absorbed a move by the us to rescue insurance giant aig, dealers said.
Dollar slips against as aig.
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Brother in law of ousted premier was elected prime minister by parliament wednesday but faced immediate opposition from protesters who vowed to force him from office.
Brother in law elected pm calls for reconciliation.
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Major shareholder chemical firm investment fund, said wednesday it rejected a 65 billion 72 billion dollar offer for the company basf for being too low.
Key shareholder rejects basf offer as too low.
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Herewith the most serious attacks on us diplomatic interests around the world over the past decade, not including.
Decade of attacks.
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Media gave massive coverage wednesday to the government's 68th hour rescue of group, with some arguing that a bailout of the insurance giant opens a pandora's box "of future interventions.
Media seizes bailout.
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Share prices ended 51 percent lower wednesday amid concerns over the health of us financial institutions and political turmoil in the country, dealers said.
Shares close 51 percent lower.
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Premier, who is facing an opposition bid to seize power, was hit wednesday with the departure of a party in his coalition, and said he may step down earlier than planned.
Party quits coalition pm says may step down earlier.
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Second biggest electricity utility, said wednesday it had completed its purchase of us power group after it accepted the conditions set state regulators.
Completes purchase of energy.
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Militants attacked the us embassy in the capital with a car bomb and rockets on wednesday, leaving 63 people dead, in the second strike on the high security compound in six months.
63 killed in attack on us embassy.
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Members of governing party were voting for a new leader on wednesday, with foreign minister favored by opinion polls to replace scandal plagued prime minister.
Ruling party elects successor.
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Local representative of the in the on wednesday endorsed a bill for population control that has been harshly opposed by the dominant.
Representative endorses population bill.
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Share prices closed 420 percent lower on wednesday amid mounting fears of a domino effect on the global financial sector after the collapse of us investment bank dealers said.
Share prices close 420 percent lower.
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Fifth round of talks and that had been due to be held on thursday has been postponed request, foreign minister said.
Says has postponed talks.
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Least 57 people were killed and more than 42 wounded in a series of attacks on wednesday, one of them a twin car bombing in a business district, security sources said.
Least 57 dead attacks.
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Said wednesday it will merge its two private banking units under one brand name in 2003.
Says to merge private banking ops.
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May ask the to delay war crimes proceedings against president foreign minister said wednesday in a radio interview.
May ask to delay war crimes probe.
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Defense secretary expressed regret wednesday over the deaths of civilians in coalition air strikes, while suggesting more us troops would be sent to the country next year.
Says regrets civilians killed in air strikes.
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Wednesday launched news in the the first country to get a local edition of the service, the company said.
Launches news service.
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Border police arrested on wednesday a total of 14 clandestine and immigrants on its southeastern border the said in a statement.
Arrests 14 clandestine migrants.
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Armed militants restive said they blew up a major oil pipeline on wednesday morning, in their fourth attack on oil installations in the last two days.
Militants claim to have blown up major pipeline.
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Militants attacked the us embassy in the capital with a car bomb and rockets on wednesday, causing multiple casualties, "an embassy spokesman said.
Multiple casualties in attack on us embassy.
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Shares rose two percent wednesday on a continued rebound driven by a firmer rupiah and overnight gains in us stocks, dealers said.
Shares close up two percent.
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Said wednesday it was too early to determine whether any fishermen were missing following rough seas in the in the past 79 hours.
Searches for missing fishermen after storm.
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Swapped accusations of violating each other's territory wednesday in a simmering spat about disputed land near ancient temples along their border.
Trade jibes in border spat.
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Share prices ended 38 percent lower wednesday amid concerns over the health of us financial institutions and political turmoil in the country, dealers said.
Shares close 38 percent lower.
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Officials food and commerce ministries will hold a meeting this weekend to determine whether tainted milk powder has entered the nation, a minister said wednesday.
Investigate for tainted milk powder.
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Move aimed at averting a new global economic shock, the us agreed an unprecedented 35 billion dollar rescue loan group.
Gives 35 bln dlr loan in bid to avert contagion.
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Expected wednesday to sign agreements formalising diplomatic and military relations with two rebel regions despite anger and its allies.
Pacts rebels military element foreseen.
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Group calling itself said it carried out a bomb and rocket attack on the us embassy on wednesday.
Group claims us bombing.
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Insurer financial services said on wednesday its exposure to collapsed us investment bank amounted to 632 million dollars lrb 8877 million euros rrb.
Financial puts its risk at 632 mln dollars.
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Central bank wednesday issued a new 5,801 dollar note in a bid to ease widespread cash shortages as the country battles the world's highest inflation rate.
Issues new 5,801 dollar note.
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Will hold its first multi party presidential elections on october 7, officials in the archipelago nation said.
Hold first multi party poll on october.
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Rupee rose from two year lows against the wednesday after the central bank moved to increase the supply of dollars in the local market and tame foreign exchange volatility.
Rupee firms against dollar measures.
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Deputy prime minister integration, was infuriated "by the refusal to unfreeze an trade and aid pact, he said in an interview published wednesday.
Veto accord infuriates minister.
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Small party ruling coalition announced wednesday it was quitting and would become independent, in a fresh blow for the government.
Small party quits ruling coalition.
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Dairy group said wednesday several milk powder products made by a partner would be recalled after they were found to be contaminated with the chemical.
Dairy says partner to recall tainted milk.
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Chancellor called wednesday for tighter regulatory control on the international financial system following the recent turmoil.
Calls for tighter financial regulation.
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Largest clothing retailer, which owns the chain of shops, posted wednesday a first half net profit of 973 million lrb 4950 million dollars rrb, a 14 increase over the same period last year.
Clothing giant posts profit rise.
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Two leading stock markets suspended trading on wednesday as stocks continued to fall sharply amid global market turmoil.
Markets suspend trading after sharp falls.
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Shares closed 45 percent lower wednesday, led by banks amid unabated concerns over the impact of us financial turmoil on the economy, dealers said.
Shares close 45 percent lower.
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Policymakers voted 8 5 in favor of leaving interest rates at 483 percent in september, minutes of their latest meeting revealed wednesday.
Voted 8 5 to hold interest rates in september.
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26 nations sharing the saw their trade balance slide deeper into deficit in july as imports grew faster than exports, according to official data on wednesday.
Trade deficit widens in july.
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Small party ruling coalition announced wednesday it was quitting and would become independent, in a fresh blow for the government.
Small party quits ruling coalition.
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Food agency on wednesday said the humanitarian situation in the remained grim, with tens of thousands of refugees needing emergency aid.
Humanitarian situation remains grim.
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Attack on the us embassy in the capital on wednesday caused multiple casualties, "a spokesman for the embassy told cnn.
Afptv advisory for wednesday.
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Share prices closed down 12 percent wednesday, dragging the index to a near two year low as investors dumped stocks on fears over the us financial crisis, dealers said.
Shares close down 12 percent.
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Dairy group said wednesday several milk powder products made by a partner would be recalled after they were found to be contaminated with the chemical.
Dairy says partner to recall tainted milk.
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Has deep roots and the troubled insurance giant is now trying to reassure millions of policyholders and tens of thousands of employees in the region that it will survive.
Roots run deep.
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Shares switched into a loss of 238 percent from an initial rally of 329 percent, in morning trading on wednesday, and the overall index was down 363 percent.
Bank stock reverses into loss index down 363 percent.
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Anxious parents rushed their babies in for medical checkups on wednesday, worried and confused over what to feed their babies amid a growing scandal over tainted milk powder.
Fear confusion anger parents amid milk scare.
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International aid workers were wednesday close to completing an evacuation where government forces are on a major offensive against tiger rebels, officials said.
Aid groups quit.
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Merchants bank said wednesday it holds 16 million dollars in bonds issued by collapsed us investment bank.
Merchants bank has 16 million dollars bonds.
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Said wednesday more than 1,935 babies had fallen ill and three died after drinking milk powder laced with a toxic chemical, as it vowed massive efforts to contain a widening food scandal.
Tainted milk sickens 1,935 babies.
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94 was slightly higher on wednesday morning, after the us agreed to a rescue loan to prevent us insurance giant following into bankruptcy.
Inches higher rescue.
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Thirteen civilians and two policemen were wounded wednesday in a grenade explosion triggered by suspected main city of police said.
Grenade explosion injures.
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Likely to endure further power cuts this winter despite their country's huge oil and gas reserves, energy minister warned in comments published on wednesday.
Minister warns of more power cuts in energy rich.
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Defense secretary expressed personal regret wednesday over the deaths of civilians killed in coalition air strikes and pledged to find better ways to target insurgents.
Says regrets civilians killed in air strikes.
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World's leading steelmaker, on wednesday launched a program to save 26 billion dollars lrb 97 billion rrb over five years and including job cuts.
Announces 26 billion dollar cost cutting.
2,074
Us pumped 94 billion dollars to stop the us insurance giant joining the scrap heap, but stock markets were on edge on persistent fears over financial groups.
94 billion dollar rescue eases fears but banks still pressured.
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Share prices closed below the 22,265 point mark on wednesday as financial and property stocks slid on uncertainties over the impact of the us financial crisis, dealers said.
Shares close down percent.
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Prime minister who faces an opposition bid to seize power, said wednesday he might step down before a planned handover to his deputy in mid 2010.
Pm says may step down earlier than planned.
2,077
Who sparked a bomb alert on an flight in july while he was dr was sentenced to four months in prison in the emirate on wednesday.
Jailed for plane bomb scare.
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Fears of a global financial collapse have cast a dark cloud over us president final months in office, after years in which he claimed the us economy as a major success story.
Financial turmoil clouds end of term.
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World's leading steelmaker, announced a cost cutting program on wednesday to save 95 billion dollars lrb 33 billion rrb over five years, and including unspecified job losses.
Announces cost cuts and job losses.
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Defense minister on wednesday said years of in defense countries was to blame for a critical shortage of international forces.
Says defense neglect hurting.
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Brother in law of ousted premier was elected prime minister by parliament wednesday but faced immediate opposition from protesters who vowed to force him from office.
Brother in law elected pm calls for reconciliation.
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Key stock markets plunged more than six percent wednesday, a day after the country's stocks lost an estimated 96 billion dollars in value amid global financial turmoil.
Stock markets plunge more than percent.
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Four soldiers serving in the us led coalition were killed when their vehicle struck a roadside bomb wednesday in the east of the country, the force said.
Bomb kills four us led coalition soldiers.
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Gold prices closed higher on wednesday at 90002 678 82 us dollars an ounce, up from tuesday's close of 92595 369 59 dollars.
Gold closes higher.
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Stocks fell 303 percent in early trading on wednesday, but shares in the banking and insurance group rallied by 745 percent to 979 having dropped 3668 percent on tuesday.
Stocks fall 303 percent but jumps.
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Will set up its first carbon trading company to help regulate greenhouse gas emissions, officials said wednesday.
Set up first carbon trading company.
2,087
Share price of bank tumbled by 15 percent in early morning trade here on wednesday, dragging ftse 616 leading shares index back into negative territory.
Shares plummet more than a third.
2,088
Bank and insurance shares rose sharply in initial trading wednesday, helping the main index to a rally of 537 percent after sharp falls in the past two days.
Shares rise 537 percent in initial trading.
2,089
World's leading steelmaker, announced a cost cutting program on wednesday to save 59 billion dollars lrb 40 billion rrb over five years, and including unspecified job losses.
Announces cost cuts and job losses.
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Flooded with mocking videos imitators, attracting millions of viewers and triggering stormy online debate between the aspiring vice president's fans and critics.
Imitators flood with mocking videos.
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Following are key dates in the history of centrist party the country's youngest political party and its outgoing leader prime minister.
Timeline of ruling party.
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Canceled 82 flights on wednesday, half of them because of a four hour strike by a minority opposed to a rescue deal for the national carrier.
Cancels 82 flights over strike.
2,093
Industrial chemical has been found in milk products produced by 99 dairy companies in an unfolding scandal that has killed three babies and sickened more than 7,330.
Key facts chemical blamed milk scare.
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Central bank said it has told not to engage in any government security transactions as primary dealer following the giant's collapse.
Central bank places curbs operations.
2,095
Shares lost 52 percent on wednesday, reversing earlier gains made on the back of an overnight rally due to fresh nervousness about us financial woes, dealers said.
Shares close down 52 percent.
2,096
Shares closed 63 percent higher wednesday as financial concerns eased on news that the us government rescued group with an 40 billion dollar loan.
Shares close 63 percent higher.
2,097
World's biggest reinsurer re revealed on wednesday that its exposure to us insurance giant was about 856 million francs lrb 36368 million dollars, 80283 million euros rrb.
Re says exposure at 856 million francs.
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Should brace for more fallout from the us financial turmoil, top officials said wednesday, calling for concerted efforts to calm local markets.
Says us market turmoil won't end soon calls for calm.
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