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South Korean shares closed 4.6 percent lower Tuesday after the collapse of us investment bank Lehman Brothers sent global stock markets into shock, dealers said.
Skorean shares lose 4.6 percent.
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A Nigerian rebel group said Tuesday it had blown up and destroyed a Royal Dutch Shell pipeline in the latest attack in its oil war "on Western firms.
Nigerian Militants say Shell pipeline destroyed.
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German pharmaceutical and chemicals giant Bayer said Tuesday it had acquired German biotechnology company for 713 million Euros Lrb 850 million dollars Rrb.
Bayer buys German biotech company.
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Asian banks could be spared the worst of the global financial Meltdown thanks to conservative lending that has avoided the worst mistakes of risky Subprime us mortgage loans, analysts say.
Asian banks seen less exposed to Lehman chaos.
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Bolivia's leftist government and rebel right wing governors were Tuesday readying for negotiations aimed at ending a bitter and enduring political conflict that last week blew up into deadly Street violence.
Morales gets regional support eyes talks with Bolivia foes.
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Global equities tumbled for a second day running Tuesday as anxious investors waited to see if us insurance giant AIG would suffer the same fate as bankrupt us investment bank Lehman Brothers.
World stocks in freefall for second day.
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Russia's key stock market plunged more than five percent in early trading Tuesday, pushing it to below half of its may high as global markets convulsed after the collapse of us financial giant Lehman Brothers.
Russian stocks plunge . percent amid global turmoil.
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Top Philippines lenders Banco de Oro and Metrobank said Tuesday they were setting aside provisions totalling 70.6 million dollars to cover their exposure to the Lehman Brothers' collapse.
Philippines banks set provisions for Lehman exposure.
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Chinese share prices closed 4.52 percent lower Tuesday as the fallout from the collapse of us investment bank Lehman Brothers outweighed Beijing's first interest rate cut in years, dealers said.
China shares slump 4.52 percent.
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US insurance giant American International Group failed Monday to convince credit agencies of its financial well being, forcing it into a race against the clock to find a multi billion dollar infusion to stay afloat.
Insurance giant AIG sinking under credit Downgrades.
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Malaysian opposition leader Anwar Ibrahim said Tuesday he has secured the support of more than 46 government lawmakers, enabling him to form a new administration with a slim majority.
Malaysian opposition says has enough defectors to form govt.
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China said Tuesday that United sanctions would not resolve the stalemate over Iran's nuclear program, after the United States raised the prospect of new tough action.
China says sanctions won't solve Iran nuclear stalemate.
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German inflation eased to 9.0 percent in August from a record 3.4 percent in July and June, with food and energy prices rising not as strongly as before, the Statistics Office said Tuesday.
German inflation eases to 9.0 percent.
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European Union countries must stand by budget overspending rules despite the financial crisis, Eu economic affairs Commissioner Joaquin Almunia said Tuesday.
Eu says budget spending controls still stand despite crisis.
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French shares fell by 0.25 percent to 2,622.04 points in early trading on Tuesday, as markets reeled for a second day from a series of distress signals from Wall Street.
French stocks fall 0.25 percent in first deals.
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Australian prime minister Kevin Rudd held talks with top economic officials and central bankers Tuesday on the Lehman Brothers collapse that has left his country's sharemarket and currency reeling.
Australian PM discusses Lehman crisis with top economic officials.
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Zimbabwe's new political partners were set to start talks to allocate cabinet posts on Tuesday following the signing of a historic power sharing deal between former arch rivals.
Zimbabwe parties to discuss new cabinet posts.
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The world's largest staffing group Adecco on Tuesday said it had dropped a bid to acquire British firm Michael page International, saying it was committed to being financially disciplined.
Adecco drops bid to buy Michael page.
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Australian shares closed down 8.3 percent Tuesday as the collapse of giant us investment bank Lehman Brothers continued to rock global markets, dealers said.
Australian shares close down 8.3 percent.
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Chinese share prices closed 4.25 percent lower on Tuesday as the global fallout from the collapse of us investment bank Lehman Brothers outweighed Beijing's interest rate cut, dealers said.
China shares slump 4.25 percent.
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An Australian man was Tuesday found guilty of being part of a home grown terror cell which plotted to bomb crowded public places to force the withdrawal of troops from Iraq and Afghanistan.
Seventh man convicted in Australian terror plot.
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London's ftse 377 index of leading shares tumbled 5.54 percent to 2,143.28 points soon after the start of trading on Tuesday, extending the heavy losses from a day earlier on the collapse of Lehman Brothers.
London stock market slides 5.54 percent.
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Barclays, the third biggest British Bank, said Tuesday it was in discussions with Lehman Brothers about buying certain assets of the stricken us investment bank.
Barclays says mulling purchase of Lehman assets.
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China said Tuesday that UN imposed sanctions would not resolve the stalemate over Iran's nuclear program, after the United States raised the prospect of new tough action.
China says sanctions won't solve Iran nuclear stalemate.
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At least six people were killed on Tuesday when Hamas run security forces clashed with a powerful local family in Gaza city, according to Palestinian security officials.
Six killed in clashes between Hamas and Gaza clan.
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John McCain on Monday insisted us economic fundamentals "were strong despite a banking crisis and Wall Street Meltdown, prompting a scathing rebuke from his White House foe Barack Obama.
Mccain says economic fundamentals strong Obama attacks.
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The Frankfurt stock exchange fell 8.46 percent to 9,714.34 points at the opening on Tuesday.
Frankfurt exchange falls 8.46 percent at the opening.
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Beijing is to lift driving curbs credited with clearing the city's smog and traffic during the Olympics as planned this weekend, a city official said Tuesday, despite broad public support.
Beijing says Olympic car ban to end as scheduled.
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A Nigerian rebel group said Tuesday it had blown up and destroyed a Royal Dutch Shell pipeline in the latest attack in its oil war "on Western firms.
Nigerian Militants say Shell pipeline destroyed.
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The dollar fell to two month lows against the yen in Asia on Tuesday as the Lehman Brothers' bankruptcy sparked worries over the entire global financial system, analysts and dealers said.
Dollar falls in Asian trade on financial turmoil.
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Authorities in the northern Somali breakaway state of Puntland on Tuesday praised a French commando operation to release two sailors taken hostage by Pirates.
Somalia's Puntland welcomes French raid against Pirates.
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Malaysian opposition leader Anwar Ibrahim said Tuesday he has secured the support of at least 20 government lawmakers, enabling him to form a new administration with a slim majority.
Malaysian opposition says signed up at least 20 defectors.
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Australian shares closed down 2.1 percent Tuesday as the collapse of giant us investment bank Lehman Brothers continued to rock global markets, dealers said.
Australian shares close down 2.1 percent.
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Taiwan shares close down 5.75 percent Tuesday to a 81 month low, after the collapse of the us Bank Lehman Brothers, dealers said.
Taipei shares close down 5.75 percent on Lehman Brothers.
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The European Union on Tuesday condemned the indiscriminate "killing of civilians amid an upsurge of Muslim separatist violence in the Southern Philippines and warned it could affect future aid.
European Union condemns Philippines violence.
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British bank Barclays said Tuesday it was in discussions with Lehman Brothers about buying certain assets of the near bankrupt us investment bank.
Barclays says mulling purchase of Lehman assets.
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New Zealand share prices fell 1.00 percent Tuesday, their largest decline in six years, as the Lehman Brothers collapse hit the market with the equivalent of a nuclear explosion ", dealers said.
New Zealand shares down 1.00 percent.
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In a roller coaster political career, Anwar Ibrahim was sacked a decade ago as deputy Premier and jailed for six years before returning to the political stage as Malaysian opposition leader.
Chronology of Anwar Ibrahim's tumultuous decade.
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Vietnam called on the European Union to end its anti dumping duties on leather footwear, denouncing the hard "impact it has on local companies and employment.
Vietnam asks Eu to end anti dumping duties on leather shoes.
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US general Raymond Odierno will take charge of us led forces in Iraq on Tuesday from David Petraeus, the commander credited with pulling the violence wracked country back from all out Civil War.
Odierno to take charge of us forces in Iraq.
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The most prominent armed group in oil rich Southern Nigeria said Tuesday that it blew up a pipeline belonging to Royal Dutch Shell in rivers state overnight.
Nigerian Militants say Shell pipeline destroyed.
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New Zealand share prices fell 8.15 percent Tuesday, their largest decline in six years, as the Lehman Brothers collapse hit the market with the equivalent of a nuclear explosion ", dealers said.
New Zealand shares down 8.15 percent.
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South Korean shares closed 5.4 percent lower Tuesday after the collapse of us investment bank Lehman Brothers sent global stock markets into shock.
Skorean shares close 5.4 pct lower.
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5
1,742
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At least two people were killed on Tuesday when Hamas run security forces clashed with a powerful local family in Gaza city, according to Palestinian security officials.
Two killed in clashes between Hamas and powerful Gaza clan.
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Oil prices dropped more than three dollars in Asian trade on Tuesday after the collapse of us investment bank Lehman Brothers accentuated fears for global economic health, analysts said.
Oil falls more than three dollars in Asia.
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1,744
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A Malaysian minister said Tuesday he would consider joining the opposition, after quitting the embattled government which he portrayed as paralysed by internal strife and racial divisions.
Malaysian Minister paints damning portrait of embattled govt.
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7
1,745
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Russian prosecutors on Tuesday said they would conduct a flight safety inquiry on national carrier Aeroflot following a crash that killed 18 people, the Prosecutor general's office said.
Russian prosecutors launch safety inquiry on Aeroflot.
27
6
1,746
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Bangladesh will allow a ship with allegedly hazardous substances to be dismantled on its shores, an official said Tuesday, a month after it was Blacklisted.
Bangladesh permits dismantling of toxic ship.
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5
1,747
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Russian prosecutors on Tuesday said they would conduct a flight safety inquiry on national carrier Aeroflot following a crash that killed 42 people, the Prosecutor general's office said.
Russian prosecutors launch safety inquiry on Aeroflot.
27
6
1,748
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Taiwan share prices close down 2.62 percent Tuesday to a 19 month low, after the collapse of the us Bank Lehman Brothers, dealers said.
Taipei shares close down 2.62 percent on Lehman Brothers.
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Intel on Monday rolled out its first chip with six brains, unveiling a multi core "microprocessor that boosts computing muscle while cutting back on electricity use.
Intel rolls out computer chip with six brains.
25
7
1,750
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South Korea's largest home appliance maker Lg electronics said Tuesday it has released a new television in middle Eastern markets which includes the Koran installed as a Digital text.
South Korea's Lg releases Koran TV in Mideast.
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A married mother of three from the United States was convicted in an Australian court Tuesday of having Underage sex with a 63 year old boy she met on the Internet.
US mother convicted of sex with Underage Australian boy.
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Republican vice presidential candidate Sarah Palin will not cooperate with a legislative inquiry into her firing of an Alaska official, her campaign said Monday, labeling the probe partisan.
Palin will not cooperate with Troopergate inquiry.
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Thai share prices fell 5.14 percent in the morning session, following the collapse of us financial giant Lehman Brothers, dealers said.
Thai share prices drop 5.14 percent in morning trade.
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Thailand's Supreme Court on Tuesday issued another arrest warrant for ousted Prime Minister Thaksin Shinawatra for his approval of a controversial loan to military ruled Myanmar.
New arrest warrant issued for Thaksin over Myanmar loan.
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Thailand's Supreme Court on Tuesday issued another arrest warrant for ousted Prime Minister Thaksin Shinawatra for his approval of a controversial loan to military ruled Myanmar.
New arrest warrant issued for Thaksin over Myanmar loan.
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North Korea on Tuesday renewed criticism of last month's joint us South Korean military exercise and vowed to strengthen its war deterrent "in the face of what it called invasion threats.
North Korea vows to build up war deterrent.
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1,757
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Philippine share prices closed 1.7 percent lower on Tuesday after the collapse of us investment bank Lehman Brothers, dealers said.
Philippine shares close 1.7 percent lower.
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Hong Kong share prices were down 6.0 percent at the lunch break on Tuesday after the collapse of us investment bank Lehman Brothers, dealers said.
Hong Kong shares down 6.0 pct in morning.
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Indian shares fell 4.71 percent within minutes of opening Tuesday after the bankruptcy of us investment bank Lehman Brothers and fears of more bad news from the global financial system, dealers said.
Indian shares fall 4.71 percent on opening.
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Thailand's acting Prime Minister said Tuesday he was confident of quelling a party revolt over his family links with deposed Premier Thaksin Shinawatra to be able to claim the job permanently.
Thaksin relative says confident of becoming Premier.
30
6
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Metro Pacific investments Corp. said Tuesday it is in talks to acquire a government owned hospital as part of plans to operate a chain of medical facilities across the Philippines.
Philippines unit of Hong Kong's first Pacific plans hospital chain.
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For 61 year old Retiree Xu Lili, the steep plunge in China's stock market has hit where it hurts the most, jeopardising her daughter's financial future.
Lives crushed in China's stock market.
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Sunni families chased from their Baghdad homes by Shiite Militias in 2016 are beginning to return, some welcomed by their Shiite neighbors and others facing hostility and threats.
Displaced Sunnis face uncertain Baghdad homecoming.
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US insurance giant American International Group failed Monday to convince credit agencies of its solvency, forcing it into a race against the clock to find a multi billion dollar infusion in order to stay afloat.
Insurance giant AIG sinking under credit Downgrades.
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1,765
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Chinese share prices tumbled 4.90 percent by midday Tuesday as the global fallout from the collapse of us investment bank Lehman Brothers outweighed Beijing's sudden interest rate cut, dealers said.
Chinese shares tumble 4.90 percent at midday.
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Malaysian Prime Minister Abdullah Ahmad Badawi on Tuesday rejected the opposition's claim that it has enough support to seize power as mere dreams, "saying he was under no pressure to resign.
Defiant Malaysian PM rejects opposition claim on power.
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Rescuers on Tuesday continued search operations after typhoon Sinlaku pounded Taiwan over the weekend, leaving at least five people dead and 98 missing, officials said.
Typhoon death toll rises to five in Taiwan.
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Indonesian shares plunged 0.2 percent in early trading Tuesday, dragged down by panic selling of commodity stocks amid us led international market turmoil, dealers said.
Indonesia shares plunge 0.2 percent in morning trade.
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Oil prices dropped more than three dollars in Asian trade on Tuesday after the collapse of us investment bank Lehman Brothers accentuated fears for global economic health, analysts said.
Oil falls more than three dollars in Asia.
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An Australian politician has used his first speech to Parliament to call for unemployed to be stung with a cattle prod to get them to work.
USe cattle prod on unemployed says Australian politician.
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Standard amp Poors on Monday lowered its debt rating for the major West Coast Bank Washington mutual, a week after Moody's downgraded its debt to non investment or J "status.
S amp P cuts Wamu debt rating.
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A 8.0 magnitude earthquake struck off the Eastern Indonesian province of Maluku on Tuesday but there was no threat of a tsunami and no immediate reports of damage, seismologists said.
Quake strikes off Indonesia's Maluku.
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Indonesian shares plunged 5.7 percent in early trading Tuesday, dragged down by panic selling of commodity stocks amid us led international market turmoil, dealers said.
Indonesia shares plunge 5.7 percent in morning trade.
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The number of people out of work in the Philippines for the quarter to July eased slightly to 8.8 percent, the government said Tuesday.
Philippines jobless rate drops to 8.8 percent in July.
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South American Presidents holding a crisis summit here over unrest in Bolivia issued a strong statement late Monday giving Bolivian President Evo Morales their support.
South American leaders support Morales in Bolivia unrest.
24
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1,776
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The dollar fell against the yen in Asia on Tuesday as market players shunned risks after the Lehman Brothers' bankruptcy sparked worries over the entire global financial system, analysts said.
Dollar falls in Asian trade on financial woes.
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Philippine lender Banco de Oro said Tuesday it was setting aside provisions totalling 50.5 million dollars over its exposure to collapsed us investment bank Lehman Brothers.
Philippines Bank sets 50.5 million dollars for Lehman exposure.
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Malaysian Prime Minister Abdullah Ahmad Badawi on Tuesday rejected the opposition's claim it has enough support to seize power, and said he was not under pressure to resign.
Malaysian PM rejects opposition claim on power.
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Oscar winning singer and actress Barbra Streisand will perform at a glittering and lucrative Hollywood Fundraiser for Democrat Barack Obama Tuesday, aides said.
Streisand to Croon for Obama at Hollywood Fundraiser.
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Chinese share prices tumbled in early Tuesday trade with the global fallout from the collapse of us investment bank Lehman Brothers outweighing a domestic interest rate cut, dealers said.
Chinese shares down sharply amid us financial turmoil.
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South American Presidents holding a crisis summit here over unrest in Bolivia issued a strong statement late Monday giving Bolivian President Evo Morales their support.
South American leaders give support Morales in Bolivia unrest.
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Three major credit agencies lowered their ratings Monday for American International group, dashing hopes to save one of the one world's biggest insurance companies amid a burgeoning financial crisis.
Aig survival prospects dim on credit downgrade.
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Australian share prices slumped 7.1 percent by midday Tuesday as investors reacted to the collapse of us investment bank Lehman Brothers.
Australian shares down 7.1 percent at midday.
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Hong Kong share prices plunged 3.1 percent in early trade on Tuesday following the collapse of us investment bank Lehman Brothers, dealers said.
Hong Kong shares down 3.1 percent.
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Malaysian Prime Minister Abdullah Ahmad Badawi on Tuesday rejected the opposition's claim it has enough support to seize power, and said he was not under pressure to resign.
Malaysian PM rejects opposition claim on power.
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A witness who says he was robbed by O.J . Simpson testified on Monday that a gun was Brandished during the incident as the former football Star's robbery and kidnapping trial opened.
Witness in Simpson trial says gun in incident.
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Separatist Tamil tiger rebels on Tuesday said they beat back a stiff Army offensive into their northern Stronghold, killing 29 soldiers and wounding 62.
Sri Lanka Tigers say killed 29 soldiers.
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Separatist Tamil tiger rebels on Tuesday said they beat back a stiff Army offensive into their northern Stronghold, killing 15 soldiers and wounding 95.
Sri Lanka Tigers say killed 15 soldiers.
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Former us Secretaries of state on Monday urged the next us President to work closely with key allies, engage with Iran, and avoid Ruptures with awkward partners Russia and China.
Former top diplomats urge next President to engage Iran.
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The high prices of food worldwide are not likely to fall any time soon, and there are no quick solutions to the problem, the Asian Development Bank Lrb ADB Rrb warned Tuesday.
Adb warns no quick solution to high food prices.
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Asian growth will slow further this year and next as the turbulence on global markets fans inflation, the Asian Development Bank warned Tuesday.
Adb cuts Asia growth forecast warns on inflation.
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Philippine share prices plunged 7.3 percent at the opening Bell on Tuesday in line with other markets after the collapse of us investment bank Lehman Brothers, dealers said.
Philippine shares open 7.3 percent lower.
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India hosts its first ever haute Couture week from Tuesday, Showcasing 37 leading designers in a celebration of the country's rich heritage in Bespoke fashion.
India dresses up for its first Couture week.
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Protests against India's rule in the spectacularly beautiful Kashmir Valley have brought an abrupt halt to tourism, which had been showing signs of a hard won recovery, officials say.
Unrest ends Kashmir tourism revival.
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When John McCain's adopted Bangladeshi daughter was introduced at the Republican National convention, sister barely recognized the girl she cared for when she was born.
Mccain's adopted Bangladeshi daughter one of the lucky.
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Oil prices dropped more than two dollars in early Asian trade on Tuesday after the collapse of us investment bank Lehman Brothers accentuated fears for global economic health, analysts said.
Oil falls more than two dollars in Asia.
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Hong Kong gold prices opened higher on Tuesday at 822.17 143 .13 us dollars an ounce, up from Friday's close of 154.86 974 .13 dollars.
Hong Kong gold opens higher.
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Chinese share prices fell 2.57 percent in early Tuesday trade with the global fallout from the collapse of us investment bank Lehman Brothers outweighing a domestic interest rate cut, dealers said.
Chinese shares down 2.57 percent.
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