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Business Moves
Swiss banks take separate routes to stronger balance sheets
UBS accepts a government rescue and will transfer $60 billion of illiquid assets to a dedicated fund, while Credit Suisse raises $9.1 billion in fresh capital from existing ...
By Anette Jönsson | 17 October 2008
Equities
Lack of confidence in bailouts sends stocks lower
Widespread rate cuts also imply that the global economy is slowing down, with negative implications for Asia's export-dependent markets.
By Anette Jönsson | 13 October 2008
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