FUND INJECTIONS: The US Fed and Bank of Japan were quick to pump cash into their banking systems, with New Zealand, Australia and South Korea ready to follow suit
Asian stocks fell to their lowest in months yesterday -- and European stocks followed in early trade -- battered by persistent jitters over US housing loan problems and their possible damage to global financial markets.

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KKR Financial Holdings, an affiliate of US private equity giant Kohlberg Kravis Roberts & Co, said on Wednesday it would lose US$40 million from the sale of a mortgage portfolio, but warned its losses could balloon to US$290 million.

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ADDED CAPABILITY: Users that download Google Pack also get Sun Microsystems' StarOffice suite of word processing, spreadsheets and other programs for free
Two years after announcing a software-distribution partnership, Google Inc and Sun Microsystems Inc have clarified their tactics for jointly attacking Microsoft Corp and its ubiquitous Office software.

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International market turmoil will hit US growth but not push it into recession, US Treasury Secretary Henry Paulson said in an interview published yesterday.

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The 2008 BMW 5 Series was the worst performer in side-impact crash tests of luxury sedans by the US insurance industry.

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