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Oil hits record over $111 a barrel as dollar slumps

TOKYO (Reuters) - Oil jumped to a record above $111 a barrel on Monday, as a surprise weekend cut in the Federal Reserve discount rate and the fire sale of stricken U.S. investment bank Bear Stearns sent the dollar to all-time lows.

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Oil hits record over $111 a barrel as dollar slumps

JPMorgan to buy Bear Stearns

NEW YORK (Reuters) - JPMorgan Chase & Co said on Sunday it would buy stricken rival Bear Stearns for just $2 (98.7 pence) a share in an all-stock deal that values the fifth largest investment bank at about $236 million (116.4 million pounds).

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JPMorgan to buy Bear Stearns

Asian stocks and dollar hit by global financial woes

HONG KONG (Reuters) - Asian stocks fell to their lowest in almost eight weeks on Monday while the dollar hit a record low against the euro, as the …

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Asian stocks and dollar hit by global financial woes

Gold jumps 2 percent to fresh record highs

TOKYO (Reuters) - Gold prices jumped more than 2 percent on Monday to hit new all-time highs as the dollar tumbled and news of the acquisition of Bear Stearns highlighted the depths of the U.S. financial market’s problems.

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Gold jumps 2 percent to fresh record highs

Fed acts to protect financial system

WASHINGTON (Reuters) - The U.S. Federal Reserve announced on Sunday emergency measures to stem a fast-spreading financial crisis, cutting the discount rate it charges on direct loans to banks and setting up a new program to provide cash to big financial firms.

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Fed acts to protect financial system

Stocks tumble and gold at record after Fed cut

SYDNEY (Reuters) - Asian stock markets fell on Monday and gold prices hit a record high as a surprise rate cut by the U.S. Federal Reserve failed to calm investors panicked by the demise of Bear Stearns .

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Stocks tumble and gold at record after Fed cut

JPMorgan says to buy Bear Stearns

NEW YORK (Reuters) - JPMorgan Chase & Co said on Sunday it would buy stricken rival Bear Stearns for just $2 (98.7 pence) a share in an all-stock deal valuing the fifth largest investment bank at about $236 million (116.4 million pounds).

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JPMorgan says to buy Bear Stearns

ICBC and Standard Bank agree on resource fund

BEIJING (Reuters) - Industrial and Commercial Bank of China (ICBC) has signed a final agreement with South Africa’s Standard Bank to jointly set up a $1 billion (493.4 million pound) global …

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ICBC and Standard Bank agree on resource fund

Bear near announcing sale to JPMorgan

NEW YORK/WASHINGTON (Reuters) - JPMorgan Chase & Co is close to rescuing the fifth-largest U.S. investment bank, Bear Stearns Cos Inc , a person familiar with the matter said on Sunday, in a deal that could be announced in the next few hours.

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Bear near announcing sale to JPMorgan

Bear close to announcing sale to JPMorgan

NEW YORK/WASHINGTON (Reuters) - Bear Stearns Cos Inc is close to announcing a deal to sell itself to JPMorgan Chase & Co, a person familiar with the matter said on Sunday, as the fifth-largest …

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Bear close to announcing sale to JPMorgan