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Shares lost 50 percent on wednesday, reversing earlier gains made on the back of an overnight due to fresh nervousness about us financial woes, dealers said.
Shares close down 50 percent.
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Prime minister who is facing an opposition bid to seize power, said wednesday he might step down before a planned handover to his deputy in mid 2021.
Pm says may step down earlier than planned.
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Militant group said wednesday it acted with a new ally to stage an attack which destroyed a oil flow station in the nation's main producing region.
Oil rebels hit new facility.
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Police have released sketches of three men they believe were behind a series of bombs that killed 88 people on saturday.
Police release sketches of bomb suspects.
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Shares rose by 339 percent to 3,88585 points on the index in initial trading on wednesday, following an overnight rescue of us insurance giant by the us central bank.
Shares rise 339 percent in initial trading.
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Share prices closed 436 percent lower wednesday, led by banks amid unabated concerns over the impact of us financial turmoil on the economy, dealers said.
Shares close percent lower.
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Shares of top pharmaceutical company slid wednesday after the us regulator blocked imports of more than 44 of its drugs, saying they failed to meet manufacturing standards.
Shares slide after us blocks drug imports.
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Members of governing party headed to the polls on wednesday to elect a new leader, with the foreign minister and a hawkish former general vying to replace scandal plagued prime minister.
Ruling party to pick successor.
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Thousands of in traditional outfits rallied on the holiday against an anti pornography bill derided by critics as a threat to local cultures.
Thousands of rally against anti bill.
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Following are key facts about the leadership vote ruling party being held on wednesday, which could decide who will be the next prime minister.
Facts about the leadership vote.
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Opened 202 percent higher on wednesday, after the us agreed to a rescue loan to prevent us insurance giant following into bankruptcy.
Opens higher.
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Plans to introduce tough laws to stamp out sex offences at its universities after a spate of complaints by female students, the government said wednesday.
Clamps down on university sex crimes.
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Rally stock markets triggered by a massive us rescue plan for insurance giant lost steam wednesday as worries crept back over the us financial crisis, brokers said.
Stocks lose steam after cheering rescue.
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Multi party talks to form new unity government were unlikely to start wednesday with the top brass of president party discussing cabinet posts after a landmark power sharing deal with the opposition.
Unity government talks likely on hold.
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Year swept into power with promises to shore up the country's economy and to tackle corruption, many here complain that the changes are too slow.
One year after elections see little change.
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Women are playing a crucial role in post genocide politics with the help of a seat reservation system that has made the country one of the few with equal representation of the sexes.
Women play key role in post genocide.
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Prime minister who is facing an opposition bid to seize power, said wednesday he might step down before a planned handover to his deputy in mid 2009.
Pm says may step down earlier than planned.
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Owned airport operator said wednesday it planned to sell after regulators last month called for the sale of two of its airports on competition grounds.
Airport operator says to sell.
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Share prices rallied wednesday, rising 694 percent as the us moved to bail out insurer group.
Stocks rebound 694 percent.
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Shares closed down 63 percent wednesday, reversing gains made earlier in the session on the back of an overnight rally, dealers said.
Shares close down 63 percent.
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Parents rushed babies in for medical checkups on wednesday, voicing fear and confusion over what to feed their babies amid a growing scandal over tainted milk powder.
Fear and confusion parents amid milk scare.
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Owned airport operator said wednesday it planned to sell after regulators last month called for the sale of two of its airports on competition grounds.
Airport operator says to sell.
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Shares closed up wednesday, but a late sell off pared back a bigger early advance spurred by the us bailout of insurance giant aig, dealers said.
Shares close up percent.
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Share prices rallied wednesday, rising 621 percent after the us moved to bail out insurer group.
Stocks rebound 621 percent.
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Special envoy for human rights has resigned after a long war of words with the government, as prime minister on wednesday called him the one person he would never meet.
Human rights envoy resigns.
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Shares of top generics company slid wednesday after the us regulator blocked the import of more than 85 of the company's drugs, saying they failed to meet manufacturing standards.
Shares slide after us regulator blocks drug imports.
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Bank said late tuesday it has reached a deal with us regulators to buy back about 858 million dollars worth of securities from clients and pay a 54 million dollar penalty.
Says will buy back 858 million of stressed securities.
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Owned airport operator said wednesday it planned to sell air hub immmediately, after regulators called last month called for it to sell two airports on competition grounds.
Airport operator says to sell.
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Four us led coalition soldiers and an national were killed in a bomb explosion on wednesday, the force said.
Bomb kills four us led coalition soldiers.
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Move aimed at averting a new global economic shock, the us agreed tuesday to an unprecedented 29 billion dollar rescue loan group.
Gives 29 bln dlr loan in bid to avert contagion.
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Shares closed 61 percent higher wednesday, recovering partially from tuesday's 34 percent slide prompted by the collapse of us investment bank.
Shares close 61 percent higher.
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Has signed an initial deal to lease 75,340 hectares lrb 51,674 acres rrb of coastal waters to grow seaweed for fuel, the government said wednesday.
Sign deal on fuel from seaweed.
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Shares finished up 673 percent wednesday after a late fall upset early gains spurred rebound and the central bank's decision to cut the bank reserve ratio, dealers said.
Shares close up 673 percent.
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Prime minister elect extended an olive branch wednesday to protesters occupying the main government complex, making a call for national reconciliation.
New pm extends olive branch to protesters.
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Announced tuesday a raft of trade agreements at the end of bilateral trade talks amid a faltering us economy buffeted by a financial crisis.
Announce agreements after bilateral trade talks.
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List was out in force tuesday at a fundraiser with stars including helping to amass an estimated nine million dollars for the campaign.
Mingles royalty at lucrative fund.
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Said wednesday that more than 4,484 babies had fallen ill and three died from drinking contaminated milk powder as it promised a sweeping check of every dairy producer across the country.
Tainted milk sickens 4,484 babies.
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Share prices closed 84 percent higher wednesday, helped gains and investors picking up local stocks after an 52 percent slide over the past six days, dealers said.
Shares close 84 percent higher.
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Scientists on wednesday said they had figured out how a germ that causes potentially lethal food poisoning can be transmitted from a mother to.
Scientists reveal how food poisoning bug infects.
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Share prices closed 10 percent higher wednesday, helped gains and investors picking up local stocks after an 43 percent slide over the past six days, dealers said.
Shares close 10 percent higher.
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Hundreds of worried policyholders, some hoping to terminate their agreements, lined up wednesday outside the office of troubled global insurance giant.
Factfile on insurance giant aig.
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Share prices fell below 18,430 points by noon wednesday as financial and property stocks slid on uncertainties over the impact of the us financial crisis, dealers said.
Shares below 18,430 in morning trade.
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Has deployed its top fighter jets in its part of disputed bordering officials and a report said wednesday.
Deploys more fighter jets.
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Insurance giant rescued tuesday by the us government, grew over the last 26 years from a small firm founded to a of global finance before it ran into legal trouble and dramatic financial losses.
Insurance giant with humble beginnings.
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Share prices fell 297 percent by midday wednesday, led lower by banks amid unabated concerns over the impact of us financial turmoil on the economy, dealers said.
Shares down 297 percent at midday.
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All dairy producers will be tested following a scandal over a chemical placed in milk powder that has killed three babies and sickened thousands, authorities said wednesday.
Test all dairy producers for dangerous chemical.
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Lawmakers tuesday sought to overturn a decades old ban on offshore drilling voting in favor of a new energy bill which has been spurred by spiralling oil prices.
Lawmakers vote to end year ban on offshore drilling.
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Past 81 years, "drum has woken up of the city of for their last meal before a day of fasting from sunrise.
Drummer struggles with changing times.
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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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Officials will meet friday to discuss energy aid for the despite a deadlock in a six nation nuclear disarmament deal, the foreign ministry said.
Two to discuss energy aid despite nuclear deadlock.
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Said wednesday that it has taken delivery of missiles to protect against attack and they would be operational within two years.
Takes delivery of patriots to protect against.
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Central bank has cut bank reserve requirements in an effort to increase liquidity and beat back the turmoil on global financial markets.
Cuts bank reserve requirement ratios.
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Lawmakers elected a brother in law to ousted premier as the new prime minister wednesday despite threats from protesters vowing to force him from power.
Brother in law elected pm.
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Oil prices rebounded by about three dollars on wednesday, after recent heavy losses, and global financial turmoil is likely to keep trading volatile, dealers said.
Oil rebounds about three dollars.
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Announced tuesday a raft of trade agreements, including health care and pharmaceutical products, at the end of one day bilateral trade talks.
Announce agreements after bilateral trade talks.
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Wednesday delayed its verdict in a corruption case against ousted premier and issued a new arrest warrant ordering him to appear before the judges to hear their ruling.
Court delays verdict against in graft case.
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Most stock markets rebounded wednesday from a dramatic selloff as an unprecedented us rescue plan for insurance giant restored confidence in the global financial system for now.
Stocks rally rescue.
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Dairy suspended trading of its shares on the stock exchange wednesday after its products tested positive for a chemical that has killed at least three babies and sickened thousands more.
Dairy group suspends shares after milk scare.
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One person died and 30 were injured wednesday in a leak of ammonia at a dairy news agency reported.
Ammonia leak kills one injures.
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Stared down pressure from markets and held its base lending rate at 87 percent tuesday, suggesting the economy can muddle through the current turmoil without an immediate rate cut.
Stands firm holds rates in face of market turmoil.
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Two of 36 companies found to have a potentially deadly chemical in their milk powder were exporting their products to other countries, quality watchdog said wednesday.
Says two exporting companies produced tainted milk.
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Shares were up 59 percent at midday wednesday, having slipped slightly from a strong opening after a rally dealers said.
Shares up 59 percent at midday.
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Defense minister wednesday asked his counterpart to visit with him, as he stressed the need for foreign forces to remain in the country.
Defense minister urges joint tour.
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President on tuesday endorsed the rescue loan for troubled insurance giant group as a move that would promote stability in financial markets, "the said in a statement.
Backs rescue of troubled insurer aig.
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Share prices were slightly lower wednesday morning, led by banks amid concerns over the impact of us financial turmoil economy, dealers said.
Shares off pct in morning trade.
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Announced tuesday a raft of trade agreements, including health care and pharmaceutical products, at the end of one day bilateral trade talks.
Announce agreements after bilateral trade talks.
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President on tuesday endorsed the rescue loan for troubled insurance giant group as a move that would promote stability in financial markets, "the said in a statement.
Backs rescue of troubled insurer aig.
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Dollar extended gains against the yen trade wednesday after the us announced an unprecedented rescue package for troubled insurance giant aig, dealers said.
Dollar extends gains rescue.
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Said wednesday it had reached a deal to acquire the investment banking and capital markets businesses of us investment giant for 873 billion dollars.
Announces 873 bln dlr deal to buy parts.
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Share prices opened 68 percent up wednesday, tracking rebound after the us announced a rescue package for troubled insurance giant aig, dealers said.
Shares open up 68 percent.
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Announced tuesday a raft of trade agreements, including health care and pharmaceutical products, at the end of one day bilateral trade talks here.
Announce agreements after bilateral trade talks.
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Announced tuesday a raft of trade agreements, including health care and pharmaceutical products, at the end of one day bilateral trade talks here.
Hold trade talks amid escalating tensions.
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President on tuesday endorsed the rescue loan for troubled insurance giant insurance group as a move that would promote stability in financial markets, "the said in a statement.
Backs rescue of troubled insurer aig.
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Top peace negotiator and a hawkish former general battle it out on wednesday in a party vote that could give its next prime minister and determine the course of peace efforts.
Ruling party to pick successor.
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Oil prices rebounded by more than three dollars on wednesday after dropping to seven month lows on worries for slowing energy demand.
Oil rebounds three dollars.
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Gold prices opened higher on wednesday at 55401 480 36 us dollars an ounce, up from tuesday's close of 30672 500 59 dollars.
Gold opens higher.
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Shares were 543 percent higher in early trade wednesday following rebound and the central bank's decision to cut the bank reserve ratio, dealers said.
Shares sharply higher.
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Us announced an unprecedented rescue loan tuesday of up to 64 billion dollars to save teetering insurance giant group from bankruptcy amid fears of a catastrophic effect on financial markets.
Confirms 64 rescue loan for aig.
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Us announced tuesday it would make an unprecedented 88 billion dollar rescue loan to save insurance giant group from bankruptcy amid fears of a catastrophic meltdown on financial markets.
Launches rescue loan to avoid market catastrophe.
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Share prices rose about two percent in early trade wednesday as the us announced an unprecedented deal to rescue insurance giant group.
Shares up two percent in early trade.
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Us announced on tuesday an unprecedented rescue loan of up to 97 billion dollars to save insurance giant group from bankruptcy amid fears of a catastrophic effect on financial markets.
Confirms 97 rescue loan for aig.
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Announced wednesday that it had reached an agreement to acquire investment banking and capital markets businesses.
Announces deal to buy parts.
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Announced in a statement wednesday that it had reached an agreement to acquire investment banking and capital markets businesses.
Announces deal to buy parts.
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Shares rose 80 percent in early trade wednesday following an overnight rally.
Shares open up 80 percent.
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Bypassing its trade embargo the on tuesday announced approving 387 million dollars in farm sales "to after hurricanes and devastated crops.
Gives green light to food sales to hurricane hit.
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Shares opened 25 percent higher wednesday following their 73 percent fall the previous day on the collapse of us investment bank.
Shares open 25 percent higher.
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Based electronics said tuesday it is offering to buy us flash memory for 62 billion dollars.
Offers to buy.
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Main militant group the movement for the emancipation of the mend said thursday it had destroyed a major oil pipeline belonging.
Militants say pipeline destroyed.
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Armed militants waging a war "in oil producing said on friday they had released two workers taken hostage by pirates last week.
Sports schedule for friday september.
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Declared a halt to short selling when investors borrow company stock to sell it on thursday, and warned it could extend the ban to other financial sectors in order to steady the markets.
Regulator bans short selling in financial stocks.
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Ex president thursday cast an approving eye political skills, but would not be drawn on whether his wife could run for the in 2023.
Likes political instinct.
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President thursday proposed a new law to confiscate property gained through organized crime, amid escalating drug violence and a deadly grenade attack on national day celebrations this week.
President targets organized crime with new law.
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Reports that the us government is preparing the creation of a new entity to rescue troubled financial firms lifted thursday and raised hopes for an end to the credit crisis.
Reports of new us rescue arm lift hopes amid financial crisis.
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Officials and members of were to meet thursday evening to discuss the financial crisis, the said, when asked about the possible creation of a new government entity to rescue troubled financial firms.
Treasury officials lawmakers meeting on financial crisis.
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Three of five journalists arrested in connection with a hoax story alleging that the country's president was contemplating stepping down on health grounds, were freed thursday, one of them said.
Journalists freed tv still off air over presidential story.
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Award winning us channel home box office lrb has hired a team of script writers to adapt two thrillers by author into a television series, variety magazine said thursday.
Novels to be series.
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Global stocks took another frantic ride thursday with nervous traders mounting a strong late day rally on hopes of new us program to salvage the troubled financial system.
Stocks see wild ride hopes grow for new us rescue.
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Non profit rights group on thursday filed a lawsuit against president and others in his administration for the massively illegal "surveillance of emails and telephone calls without court warrants.
Internet group sues for electronic eavesdropping.
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Most prominent militant group the movement for the emancipation of the mend said thursday it had destroyed a major oil pipeline belonging.
Militants say pipeline destroyed.
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President met thursday with us central bank chief chairman and secretary to discuss the serious conditions in our financial markets, "the said.
Meets chief top economic advisors.
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