European countries, led by Germany and France, pledged to take equity stakes in distressed banks and to guarantee lending for periods up to five years.

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Mitsubishi was pressing for more favorable terms on Sunday after Morgan Stanley lost nearly half its market value during last week’s stock market plunge.

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A hostile cultural climate forced Haroon Bacha, a Pashtun musician, to leave his homeland and come to New York.

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THE share market has rallied at the open this morning, after weekend rescue efforts appeared to boost confidence. Read more...

LISA Marie Presley, Elvis Presley's only child, has given birth to twins. Read more...

THE South Australian Government is considering a gun amnesty after a spate of shootings in Adelaide. Read more...

Asian share markets react positively after efforts by world leaders to end the recent financial turmoil. Read more...

Zimbabwean opposition leader Morgan Tsvangirai threatens to pull out of a power-sharing deal with President Robert Mugabe. Read more...

Golf legend Seve Ballesteros is diagnosed with a brain tumour and will undergo a biopsy on Tuesday. Read more...