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Asia-Pacific talks to seek unity on euro crisis

Widening split in Europe on the virtue of austerity
Throughout Europe's long debt crisis, Germany has prescribed the same strong remedy to its troubled neighbours: a stiff dose of fiscal discipline. As long as the patients were southern European countries like Greece and Italy, seen as victims of an unhealthy lifestyle, northern-tier nations like France, Austria and the Netherlands have been willing to go along with Germany's prescriptions for reducing

Lossmaking UniCredit seeks $10.3 bln, axes 6,150 jobs

Italian bank UniCredit is to ask shareholders for 7.5 billion euros ($10.3 billion) in new capital, cut 6,150 jobs and retreat from key business areas in a bid to repair its ravaged balance sheet

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Lossmaking UniCredit seeks $10.3bn, cuts 5,200 jobs

Italian bank UniCredit plans to raise 7.5 billion euros ($10.3 billion) via a rights issue early next year to repair its balance sheet after suffering a third quarter net loss of 10.6 billion euros.

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Most of $19.9 bln Madoff case vs JPMorgan tossed

A federal judge threw out most of a $19.9 billion lawsuit against JPMorgan Chase & Co and a $2 billion case against UBS AG by the trustee seeking money for victims of epic swindler Bernard

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Greek referendum deepens euro zone crisis

The leaders of France and Germany scrambled on Tuesday to limit damage after Prime Minister George Papandreou decided to let Greeks vote on a bailout package -- a move that stunned markets and

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Greek referendum deepens euro zone crisis

The leaders of France and Germany scrambled on Tuesday to limit damage after Prime Minister George Papandreou decided to let Greeks vote on a bailout package -- a move that stunned markets and

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