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EU backs Greek austerity as standby aid readied

EU finance ministers backed plans on Tuesday by countries in the euro area to help debt-stricken Greece financially if it becomes the first state in 11 years of monetary union to seek such aid.

China more concerned about Iran, wary on sanctions

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China has become more concerned about international tensions over Iran's nuclear program, but remains doubtful that sanctions can resolve the stand-off, the Chinese foreign minister said on Tuesday.

EU hedge fund row ends in stalemate

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European Union finance chiefs failed on Tuesday to resolve a row over new rules to control hedge funds, a spokeswoman for the EU's Spanish presidency said.
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EU executive to put Greek plan to finance ministers

The European Union's executive said on Monday it was ready to propose a framework that could be used to aid Greece, despite signs of continuing reluctance from France and Germany to make concrete commitments.
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EU to discuss Greek aid, Germany skeptical

Euro zone finance ministers on Monday will look at how to give Greece financial aid should it ask for help, but there were signs France and Germany were holding out on making concrete commitments.
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Greek bailout tops EU finance ministers' agenda

Finance ministers from countries using the euro hope to agree on Monday on a way of providing heavily indebted Greece with financial aid, despite French and German doubts that a deal will be reached.
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Stocks slip amid China, sovereign debt jitters

Asian stocks fell from near seven-week highs on Monday as a currency spat between China and the United States and worries about sovereign debt combined to keep investors away from riskier assets.
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Venezuela's Chavez calls for internet controls

Venezuela's President Hugo Chavez, who is criticized by media freedom groups, called on Saturday for regulation of the Internet and singled out a website that he said falsely reported the murder of one of his ministers.
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Euro finance ministers to agree on Greek aid: source

Euro zone finance ministers are likely to agree on Monday on a mechanism for aiding Greece financially, if it is required, but will leave out any sums until Athens asks for them, an EU source said on Saturday.
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Ifo's Sinn warns EMF could endanger euro

A European Monetary Fund risks skewing the incentives of debt-ridden euro zone countries thereby endangering the stability of the euro, the head of Ifo think tank told Reuters in an interview.
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U.S. likely to get peek at HSBC accounts

The revelation that an ex-employee of HSBC Holdings Plc stole tens of thousands of its Swiss accounts is likely to give U.S. tax authorities fresh clues in their pursuit of wealthy tax cheats abroad.
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GM's Russia reorganization sparks fears at Opel

Opel workers demanded reassurances that its European brand will not be disadvantaged at the expense of sister brand Chevrolet, after Opel lost responsibility for the Russian region to an Asian arm of General Motors.
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Big auto and EU face off over green van targets

Europe's vanmakers have gone a long way toward meeting proposals to curb climate-warming emissions, but as debate on the 2016 targets kicks off big auto is seen digging its heels in over the last mile.
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Opening up India retail? Don't hold your breath

Plans by Carrefour, the world's No.2 retailer, to open its first cash-and-carry outlets in India are a sign of optimism in the country's $450 billion retail sector, but foreign investors and some officials want more -- an easing of the country's tough investment rules.

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