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Fitch downgrades Greece on debt swap plan (Reuters)

Reuters – Fitch cut Greece’s long-term ratings on Wednesday to its lowest rating above a default, becoming the first ratings agency to make the widely expected downgrade after the country announced a bond exchange plan to ease its massive debt burden.

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Fitch downgrades Greece on debt swap plan
(Reuters)

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Europe seals new Greek bailout but doubts remain (Reuters)

Reuters – Euro zone finance ministers agreed a 130-billion-euro ($172 billion) rescue for Greece on Tuesday to avert an imminent chaotic default after forcing Athens to commit to unpopular cuts and private bondholders to take bigger losses.

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Europe seals new Greek bailout but doubts remain
(Reuters)

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Wal-Mart holiday price cuts hit profits (Reuters)

Reuters – Wal-Mart Stores Inc’s price cuts hurt its fourth-quarter profit and it plans to trim prices further in the coming months, a move that is expected to keep shrinking margins.

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Wal-Mart holiday price cuts hit profits
(Reuters)

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Alibaba bids to take listed unit private for $2.5 billion (Reuters)

Reuters – Jack Ma’s Chinese e-commerce firm Alibaba Group has offered around $2.5 billion to take its Hong Kong-listed Alibaba.com unit private, stressing the move was unrelated to any possible deal to buy back shares owned

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Alibaba bids to take listed unit private for $2.5 billion
(Reuters)

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Insight: ECB preparing to close liquidity floodgates (Reuters)

Reuters – The European Central Bank wants its second offer of cheap ultra-long funds next week to be its last, putting the onus back on governments to secure the euro zone’s longer-term future.

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Insight: ECB preparing to close liquidity floodgates
(Reuters)

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Exclusive: Ally weighs sale as IPO looks bleak (Reuters)

Reuters – Ally Financial is weighing a sale of all or part of its auto lending and banking businesses, as an initial public offering looks increasingly remote and the U.S. government seeks to recoup some $17 billion in bailout money, sources familiar with the situation said.

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Exclusive: Ally weighs sale as IPO looks bleak
(Reuters)

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Hopes rise for Greek deal, but anger grows in euro zone (Reuters)

Reuters – Optimism is growing that Greece has finally done enough to secure a second bailout after it set out extra budget savings, but the moves failed to ease tensions with EU paymaster Germany.

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Hopes rise for Greek deal, but anger grows in euro zone
(Reuters)

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Nasdaq looks to Congress to win market reforms (Reuters)

Reuters – Exchange operator Nasdaq OMX is trying to gain support for a legislative proposal that would give it a competitive edge over both rival exchanges and banks that operate anonymous trading venues known as “dark pools.”

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Nasdaq looks to Congress to win market reforms
(Reuters)

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Greece battles to salvage bailout package (Reuters)

Reuters – Greece’s leaders battled to salvage a new 130-billion-euro ($170 billion) EU/IMF bailout on Wednesday, rejecting doubts over their commitment to a punishing austerity package just hours before a conference call of euro zone finance ministers.

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Greece battles to salvage bailout package
(Reuters)

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Greece faces tough job to seal rescue (Reuters)

Reuters – Greece has admitted it still faces a tough job in persuading the European Union and IMF to save it from bankruptcy even after parliament approved savage extra budget cuts, provoking a night of looting and burning in central Athens.

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Greece faces tough job to seal rescue
(Reuters)

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