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Global markets rally ahead of $250bn US rescue package

European markets opened strongly after a historic rally on Wall Street and Japan’s Nikkei index closed with its best gains ever in response to a €1,873bn ($2,546bn) pledge by European governments to shore up their financial sectors. Investors were also awaiting details of a $250bn US bail-out package due to be released later in the day

Rumours swirl over which banks want help

SocGen sees €1bn in net profit in Q3

Fortis reveals value of remnants

Shares plunged as trading resumed

JCDecaux drops plan to buy Murdoch business

News Corp denied chance to exit Russia

Posco quarterly profits jump 40%

Company warns over falling demand for steel

Cadbury to cut further 580 jobs

Managers targeted in cuts

Citi moves to end in-fighting

Securities executives pay to be changed

Former AIG chief’s alternative rescue plan

New hope for insurer

German conglomerates see power swing back

The tables will turn on shareholders

Santander to bail out Sovereign

Acquisition likely to value US bank at $2.4bn

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