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Oct 22 2009
Morgan Stanley returns to profit
By Agencies   

Morgan Stanley is one of a handful of major US financial companies to return to profit [AFP]
Morgan Stanley is one of a handful of major US financial companies to return to profit [AFP]
Morgan Stanley, a US finanacial services firm, has reported a net profit of $498m for the third quarter on the back of a stronger than expected performance in its investment banking operations.

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Brown in rift with UK central bank
By Agencies   
King called for a fundamental rethink of how the banking sector is structured and regulated [EPA]
King called for a fundamental rethink of how the banking sector is structured and regulated [EPA]
Gordon Brown, the British prime minister, has dismissed suggestions that large banks should be broken up to prevent future financial collapses, putting him at odds with Mervyn King, the governor of the Bank of England.

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Medvedev backs major Serbia loan
By Agencies   
Medvedev, left, is the first Russian president to visit Serbia where he held talks with Tadic, right [EPA]
Medvedev, left, is the first Russian president to visit Serbia where he held talks with Tadic, right [EPA]
Dmitry Medvedev has become the first ever Russian president to visit Serbia during a one-day trip to Belgrade, the capital, where he approved a major loan and discussed energy deals with Boris Tadic, his Serbian counterpart.

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US treasury faces bonds lawsuit
By Agencies   

The US treasury issued the 'war' bonds - which have a 40-year maturity period - until 1980 [AP]
The US treasury issued the 'war' bonds - which have a 40-year maturity period - until 1980 [AP]
The US federal government is facing a lawsuit over $16bn in unclaimed bonds going back as far as World War II, with six states arguing that the US treasury department should pay them out.

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Bolivia summit adopts new currency
By Agencies   

Morales, left, and Chavez, were among the Alba leaders who praised the new currency [AFP]
Morales, left, and Chavez, were among the Alba leaders who praised the new currency [AFP]
Leaders from Latin America and the Caribbean have agreed during a summit in Bolivia on creation of a regional currency aimed at reducing the use of the US dollar.

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Tags:  Bolivia Latin America US dollar
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