UNITED STATES

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U.S. lays out plan to attract buyers for toxic debt

The U.S. Treasury Department on Monday rolled out detailed plans for persuading private investors to help rid banks of up to $1 trillion in toxic assets that are seen as a roadblock to economic recovery.

Zardari woos opposition to end Pakistan crisis

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President Asif Ali Zardari called for national reconciliation in a Pakistan Day message on Monday, as he sought to mend fences with the opposition after defusing a political crisis by restoring the country's top judge.
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City-dwellers emit less CO2 than countryfolk: study

Major cities are getting a bad rap for the disproportionately high greenhouse gases they emit even though their per capita emissions are often a fraction of the national average, a new report said on Monday.
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Stock futures rise on toxic asset plan hopes

Stock index futures pointed to a sharply higher open on Monday after the U.S. government released details of a plan to clean up toxic assets from banks' balance sheets, a crucial component of efforts to stabilize the recession-hit economy.
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Asia stocks hit 2-month high on U.S. debt plan

Asian stocks rose to a two-month high on Monday and high-yielding currencies advanced on the yen after details of a U.S. plan to rid banks of up to $1 trillion in toxic assets bolstered confidence in risk taking.
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Asia stocks at 2-month high on U.S. bad debt plan

Asian stocks rose to a two-month high on Monday and high-yielding currencies advanced on the yen after details on a U.S. plan to rid banks of up to $1 trillion of toxic assets improved confidence about risk taking.
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Investors banking on toxic plan

Wall Street's attempt to recover further from 12-year lows faces its biggest test yet this week in the Treasury's long-delayed bank rescue plan.
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U.S. seeks to woo investors with toxic asset plan

The United States on Monday offered generous financing for private investors to help cleanse banks of up to $1 trillion in toxic assets that are blocking lending and worsening a deep U.S. recession.
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Public Investment Corp, the new name of gov’t toxic assets firm

The U.S. government will create an entity called Public Investment Corp. that will draw upon the resources of government agencies and private investors to buy risky loans and other assets which investors have shied away from purchasing, according to a report.
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AIG rivals met Bernanke to complain: report

Some of American International Group Inc's biggest rivals have urged U.S. Federal Reserve Chairman Ben Bernanke to prevent the insurance giant from using the government rescue to win an advantage, particularly by cutting prices, The Wall Street Journal reported.
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Stock futures rise on toxic asset plan reports

S&P 500 stock index futures rose in electronic trading on Sunday after media reports detailed the U.S. Treasury's three-pronged bid to cleanse the financial system of toxic assets clogging banks' balance sheets.
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Treasury to unveil incentives for private capital

The U.S. Treasury Department is planning to give private capital groups more details on Sunday about incentives the government will provide to ensure their participation in a plan to buy up banks' troubled assets, a source familiar with the matter said.
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GM bondholders raise concerns with U.S. auto panel

Bondholders holding some $27 billion of General Motors Corp debt on Sunday sent a letter raising urgent concerns about GM's stalled debt restructuring talks to the White House task force overseeing federal funding for the automaker's turnaround effort.
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AIG starts makeover, changes sign at NY office

Workmen rolled up their sleeves at American International Group Inc this weekend to take down the most prominent sign at the downtown Manhattan offices of the embattled insurer that has become the scorn of America.
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GM bondholders raise concerns with U.S. task force

Bondholders holding some $27 billion of General Motors Corp debt on Sunday sent a letter to the White House task force overseeing the bailout of the auto industry, to register concern with the lack of progress in GM's debt restructuring talks.
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China still welcomes foreign investment: minister

China's commerce minister said on Sunday that the country was still open to foreign investment after the government rejected Coca-Cola's $2.4 billion bid to buy top Chinese juice maker Huiyuan .

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