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Finance ministers seek to calm markets (AP via Yahoo! News)
Global finance ministers kept searching for ways to tackle the unfolding financial crisis, turning their attention to its effects on rapidly developing countries and poor nations at risk of being swept up in the turmoil.
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Finance leaders endorse G7 plan to calm markets (Reuters via Yahoo! News)
Finance leaders from the International Monetary Fund's 185 member countries on Saturday endorsed a plan by major economies to chart a course out of the credit crisis, hoping the broader support will calm markets.
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Finance co faces investigation (TVNZ)
Another collapsed finance company is being investigated by the Serious Fraud Office. Clegg and Co Finance Ltd went into receivership in October 2007 owing $15 million.
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SFO eyes Clegg & Co in finance company probe (The New Zealand Herald)
The Serious Fraud Office (SFO) says it is now investigating Auckland-based finance company Clegg and Co Finance following its collapse last year. The company, which had about $15 million of 500 investors' funds in debentures, went into receivership in October.
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Bush visits finance officials, urges cooperation (AP via Yahoo! News)
Global finance leaders are pledging cooperation between rich and poor nations to deal with a severe credit crisis after President Bush discussed the seriousness of the current situation.
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SFO announces another finance co probe (Stuff)
The Serious Fraud Office (SFO) is investigating Auckland-based finance company Clegg and Co Finance following its collapse last year.
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Finance chiefs endorse G7 action plan: IMF panel (Reuters via Yahoo! News)
Finance leaders from the International Monetary Fund's 185 member countries on Saturday endorsed a plan announced by major economies to chart a course out of the credit crisis.
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Kenya's finance minister hits out at rich nations over crisis (AFP via Yahoo! News)
Kenya's finance minister hit out at rich countries at the source of the financial crisis on Saturday, reflecting anger about the consequences on the economies of developing nations.
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Top finance officials claim progress in tightening rules (AFP via Yahoo! News)
An international group of finance leaders claimed progress Saturday in implementing an agreed tightening of rules even as the crisis in the markets reached unprecedented depths and intensity.
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EU IN PUSH FOR WORLD FINANCE SUMMIT: SARKOZY (The Tocqueville Connection)
PARIS, Oct 12, 2008 (AFP) - The European Union will ask the United States to jointly organise an international summit to reform the global finance system, French President Nicolas Sarkozy said Sunday after talks with EU leaders.
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