Subprime impact hits home across the globe
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Reports of more damage from the teetering US subprime mortgagesector hit global stock markets on Tuesday as central banks aroundthe world said their outlooks for monetary policy had been throwninto doubt. (Sydney Morning Herald — 1 hour ago)
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British bank Barclays denied a report Tuesday that failed debt vehicles structured by its investment banking arm had left it with exposure worth hundreds of millions of dollars, playing down growing concerns. (CNN — 11 hours ago)
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The Australian dollar lost more than one US cent from its overnighthigh as equities also nosedived on the back of a flight to quality. (Sydney Morning Herald — 1 hour ago)
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The US subprime mortgage crisis has sent shudders through theAustralian market. – Brisbane Times (The Brisbane Times — 28 August, 2007)
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Reserve Bank says it is ready to step in to preserve money marketstability from global volatility. (The Age — 19 hours ago)
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