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Asian markets start lower

Asian stock markets tumbled in early trading as fresh worries over debt woes in Europe dampened sentiment across the region.

Markte in Asië is laer vanoggend oor hernude vrese vir die Europese ekonomie.

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Worst econ crisis since WWII

European Central Bank (ECB) President Jean-Claude Trichet called for stronger controls of national budgets within the eurozone and said Europe was experiencing dramatic times.

Die president van die Europese Sentrale Bank, Jean-Claude Trichet, sê Europa is in ‘n ekonomiese krisis vergelykbaar met toestande voor die wêreldoorloë.

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IBM increases dividend by 18%

IBM Corp. is increasing its dividend payout by 18 percent and buying back more of its stock - two moves designed to boost the company's share price.

IBM het hul dividend uitbetalings met 18 persent verhoog en koop ook van hul eie aandele terug om die maatskappy se aandeleprys te lig.

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Euro fights back strongly

The euro surged this morning after Europe and the International Monetary Fund agreed a 500-billion-euro aid package for Greece and its eurozone neighbours to stem a crisis that threatened global recovery.

Die euro het sterk teruggeveg in Asië vanoggend na Europa en die Internasionale Monetêre Fonds op ‘n reddingspakket vir Griekeland ooreengekom het.

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More voting power for China: World Bank

The World Bank recognized China's growing economic influence and agreed Sunday to elevate Beijing's voting power to behind only the U.S. and Japan in the 186-nation lending organization.

Die Wêreldbank herken China se versterkte ekonomiese invloed en het Sondag ooreengekom om hul stemreg te versterk.  Net die VSA en Japan se stemme tel nou meer in dié organisasie.

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Swiss stop Euro deflation

The head of Switzerland's central bank says the bank will continue intervening in the foreign exchange market to stop the Swiss franc from gaining against the euro.

Die Switsers sal aanhou om euros te koop om te keer dat die geldeenheid se waarde val en Switserland se uitvoere benadeel.

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Dollar rises against world currencies

The dollar rose against other major currencies in Asia this morning as robust US data pointed to an ongoing economic recovery and worries persisted over debt-ridden Greece, analysts said.

Die dollar het versterk teen die euro vanoggend met data uit die VSA wat dui op die herstel van die wêreldekonomie.

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Asian markets drop on Greek worries

Asian stock markets fell sharply this morning as fears Greece's debt crisis will spread to other European countries and undermine the global recovery continued to rattle investors.

Markte in Asië het vanoggend skerp geval te midde van vrese dat die Griekse ekonomiese krisis die res van Europa gaan raak.

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Asian markets are under pressure

Asian stocks tumbled on Monday as financial firms were hit by news that Wall Street giant Goldman Sachs had been charged with misleading investors.

Markte in Asië is onder druk na nuus verlede week dat Goldman Sachs aangekla na hulle beleggers om die bos gelei het.

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Europe hopes for Greek deal this weekend

France's finance minister says she is confident negotiations for a Greek rescue package of up to $159 billion over three years will be concluded this weekend.

Die Franse ekonomiese minister sê sy is vol vertroue dat samesprekings oor die finansiële hulppakket aan Griekeland die naweek voltooi gaan word.

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Obama wants tough rules for Wall Street

US President Barack Obama has pledged to veto any Wall Street reform bill lacking tough rules on opaque financial instruments as his administration moved to head off opposition to new rules.

Die Amerikaanse president, Barack Obama, sê as wetgewing om Wallstraat te beheer nie sterk genoeg is nie, sal hy dit persoonlike afskiet.

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