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Recession fears bludgeon global markets

HONG KONG (Reuters) - A warning of tough times ahead by Fed Chairman Ben Bernanke sent global markets sharply lower, with Tokyo shares tumbling 10 percent on Thursday, as investors brace for looming recession.

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Recession fears bludgeon global markets

Stocks and oil drop as global slowdown accelerates

HONG KONG (Reuters) - Japan’s Nikkei share average tumbled almost 10 percent and oil prices dropped to a one-year low on Thursday after downbeat U.S. economic data spread fears of a more protracted and sharp global slowdown than initially expected.

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Stocks and oil drop as global slowdown accelerates

Oil plumbs 13-month low as falls 2 percent

SINGAPORE/TOKYO (Reuters) - Oil fell for a third day on Thursday, plumbing a new 13-month low below $73 as commodity investors again rushed for the exit on fears of a collapse in demand growth as the world economy tilts towards recession.

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Oil plumbs 13-month low as falls 2 percent

UK administrator on standby for Landsbanki

LONDON (Reuters) - The government has put accountants Ernst & Young on standby to step in as administrator of the UK assets of troubled Icelandic bank Landsbanki , the …

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UK administrator on standby for Landsbanki

Europe wins backing for finance revamp

BRUSSELS (Reuters) - Europe won backing from the United States, Russia and Japan on Wednesday for a summit on urgent reforms to the world financial order to help prevent a repeat of the worst credit crisis since the Great Depression.

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Europe wins backing for finance revamp

CVC seen in talks for stake in RBS insurance

LONDON (Reuters) - Private equity firm CVC Capital Partners is in talks to take a controlling stake in Royal Bank of Scotland’s insurance assets, Bloomberg reported on Wednesday.

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CVC seen in talks for stake in RBS insurance

Oil falls to 13-month low on recession worry

NEW YORK (Reuters) - Oil tumbled on Wednesday, sliding to a 13-month low on expectations that a deepening economic slowdown will cut into already weakening demand.

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Oil falls to 13-month low on recession worry

Markets tumble on recession fears

NEW YORK (Reuters) - Gloomy economic data and warnings from the U.S. Federal Reserve that hard times were still to come wiped out two days of relative optimism about the credit crisis and sent …

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Markets tumble on recession fears

Recession fears deepen as Fed warning hits markets

NEW YORK (Reuters) - Gloomy economic data and warnings from the U.S. Federal Reserve that hard times were still to come wiped out two days of relative optimism about the credit crisis and sent markets tumbling on Wednesday.

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Recession fears deepen as Fed warning hits markets

Brown calls for global overhaul of regulation

BRUSSELS (Reuters) - Prime Minister Gordon Brown called for an overhaul of regulation for the world’s financial system on Wednesday to crack down on excessive risk-taking that he believes contributed to the credit crunch.

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Brown calls for global overhaul of regulation