Japan govt bond issue devolves for the first time
Tokyo: Anxiety over Japan's financial system deepened on Friday after a 10-year government bond auction failed to find enough buyers for the first time ever, two days after the Bank of Japan unveiled a controversial plan to shore up the banking sector.
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IMF, World Bank to help nations track down terrorist funds
Washington: The International Monetary Fund and the World Bank will help countries track down sources of terrorist financing, US Treasury Undersecretary John Taylor said on Friday.
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Tom Cruise, Nicole Kidman sue Sephora
Los Angeles: Actors and former spouses Tom Cruise and Nicole Kidman filed a $15-million lawsuit here Thursday against the US subsidiary of French luxury goods retailer Sephora.
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WorldCom has billions more in errors
New York: News from WorldCom is not over yet as the bankrupt telecom company is expected to uncover more accounting errors worth billions of dollars.
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US treasuries fall, global volatility thins trading
New York: Treasury prices softened on Friday as US stocks were expected to open higher, though traders emphasised that selling was light and the market remained firmer on the week.
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