The Federal Reserve has cut US interest rates by 0.75 per cent in a bid to restore confidence in financial markets and help the struggling economy. Full Story
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Hong Kong's government has announced that it is to shut all elementary schools in a bid to contain the seasonal flu outbreak. Full Story
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HSBC has reported writedowns of £17.2 billion for 2007 in a year of "extraordinary strain" according to the bank's chairman. Full Story
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