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Asian stocks tentatively higher, yen steady

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Asian stock markets made a tentative recovery on Monday following last week's hammering as fears of a global credit crisis eased after central banks around the world pumped money into banking systems.

China's mortgage quality worse than U.S.: academic

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The quality of Chinese home loans is worse than in the United States, where a subprime mortgage crisis is causing turmoil in global financial markets, according to a prominent academic quoted in a Hong Kong newspaper on Sunday.
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Growth spurt no mask for eastern German problems

Between the shelves of product catalogues on the wall of a spartan office in an eastern German lighting factory sits a framed quotation, in bold black lettering on silver paper, from Winston Churchill.
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More trouble ahead for Wall Street?

It will be a weekend of high anxiety for investors on Wall Street, as they brace themselves for what will likely be another rollercoaster ride for the battered financial markets.
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Wall St's silver-hair set takes sell-off in stride

The last time the U.S. markets experienced such wild swings as they have in the past week, Wall Street warriors in their 20s and 30s were trading baseball cards and lunchbox snacks, not stocks and bonds.
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Wall St does not see imminent rate cut from Fed

Wall Street economists do not foresee an imminent interest rate cut from the Federal Reserve despite a credit squeeze that is pressuring financial markets and forcing central banks to funnel liquidity into the system.
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Rocket Science maker defies Hollywood boxes

Jeffrey Blitz does not want his work stuffed into a neat little Hollywood box, which is one reason the director of Rocket Science has jumped from documentaries to feature films to television and back again.
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U.S. cracks down on employment of illegal immigrants

The Bush administration said on Friday it would increase scrutiny and impose heftier fines on U.S. businesses that employ illegal immigrants as it sought to step up enforcement despite Congress's failure to reform immigration laws.
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Murdoch free wsj.com plan raises risks for Pearson

News Corp.'s Rupert Murdoch has said he might make the Wall Street Journal's Web site free, a shift that could compel Britain's Pearson to do the same with the online version of its Financial Times.
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Central banks step in amid credit crisis

Central banks around the globe pumped billions of dollars into banking systems on Friday in a concerted effort to beat back a widening credit crisis, and pledged to do more if needed. n all, central banks in Europe, Asia and North America have pumped out more than $300 billion over 48 hours in an effort to keep money flowing through the arteries of the global financial system, hoping to prevent a credit market seizure that could imperil economies.
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Growth outlook deteriorates in Blue Chip forecast

Tighter credit, broad deterioration in the housing market and skittish consumer spending will lead to a slower U.S. economy than earlier estimated, according to the most closely watched forecast by U.S. economists.
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Gauge of U.S. economy lower in latest week-ECRI

A gauge of future U.S. economic growth fell in the latest week on lower stock prices and higher interest rates, and the measure's growth rate was down almost 1 percent, a research group said on Friday.

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