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Europe seals deal to contain debt crisis

Europe sealed a last-ditch deal Thursday to fix its festering debt crisis, shoring up its bailout fund, pledging new funds for Greece and pushing banks to share the pain at a summit vital to the health of the global economy. After days of talks and two successive summits that dragged…

World stocks dive amid fresh recession fears

Global stocks plunged on Friday on the increasing prospect of a sharp economic downturn, with attention focused on US jobs data, widely expected to deepen the gloom of flagging growth and eurozone debt. European stock markets initially dived 3.0-4.0 percent after heavy falls in Asia and on Wall Street as…

New recession fears loom as world stocks dive

Global stocks plunged on Friday on the increasing prospect of a sharp economic downturn, with attention focused on US jobs data, widely expected to deepen the gloom of flagging growth and eurozone debt. European stock markets initially dived 3.0-4.0 percent after heavy falls in Asia and on Wall Street as…

Asia markets plunge amid recession fears

Asian stock markets plummeted on Friday following carnage in the US and European markets amid fears the world was heading towards another financial crisis. Already-fragile investor confidence was hammered by more weak US economic data and a warning from the head of the European Commission that the eurozone debt crisis…

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