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...back stocks as slow-moving political leaders responded in union to address the credit crisis. Outdoing Wall Street's 11% romp on Monday, the Nikkei shot up 14.2% Tuesday - an all-time record - making up for lost time after Monday's national holiday. But other Asian indices continued their previous climbs as well. Hong Kong's Hang Seng was up 3.2% over its 10.5% push Monday, while trading in Australia nudged 3.3% higher after a previous 5.1% jump...

Author: /time Magazine | Title: Surge in Global Markets Reflects Growing Hope | 10/14/2008 | See Source »

...move to further stabilize the U.S. finance market prodded rising European indices to move still higher Tuesday afternoon, with both Paris' CAC 40 and Frankfurt's Dax up 4.5% and London's FTSE 100 up 4.9%. The trio boomed with 11.2%, 11.4% and 8.8% surges respectively during the previous session...

Author: /time Magazine | Title: Surge in Global Markets Reflects Growing Hope | 10/14/2008 | See Source »

...south during the week, with important losses and allegations of human rights abuses. A roadside bomb detonated Oct. 9 by remnants of the Maoist Shining Path (Sendero Luminoso) rebels killed 13 soldiers and two civilians, including a young boy, in the remote Huancavelica state. A soldier was killed the previous day and two others on Oct. 14. It was the deadliest attack since 10 people were killed in a bombing in Lima, the capital, in March 2002, on the eve of a visit by President Bush...

Author: /time Magazine | Title: Think Bush Has It Bad? Look at Peru's President | 10/14/2008 | See Source »

...preferred shares through capital injections to save swamped banks from failing, and allowing those in less perilous condition to fully sanitize their finances and return to normal operation. As such, the euro group plan was largely inspired by the rescue package British Prime Minister Gordon Brown rolled out the previous week, which matched $438 billion loan guarantees with up to $88 billion in capital investments to save troubled banks from failure. On Monday, the U.K. government said it would spend up to $63 billion in additional funds to take substantial stakes in three of the nation's leading banks...

Author: /time Magazine | Title: European Markets Rise in Relief | 10/13/2008 | See Source »

...What China will likely not do is buy direct stakes in troubled banks, says economist Arthur Kroeber of Beijing-based Dragonomics consultants. "They have been burned already and will be very cautious," Kroeber says, referring to previous multibillion-dollar investments in companies like Blackstone and Morgan Stanley that have plunged in value. On Oct. 6, Ping An, one of China's largest insurance companies, announced it was forced to take a $2.3 billion write-off on an investment it made in the ailing Dutch-Belgian financial giant Fortis...

Author: /time Magazine | Title: Can Chinese Cash Save the World's Banks? | 10/13/2008 | See Source »

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