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Japan approves $116bn stimulus package

Japan approves $116bn stimulus package

The newly elected Japanese government has approved a fresh stimulus package worth 10.3 trillion yen, or $116bnm in a bid to boost the country's ailing economy in the face of continuing weak external demand.
Bank of America in $10bn mortgage settlement

Bank of America in $10bn mortgage settlement

Bank of America has reached a $10bn agreement with mortgage agency Fannie Mae to settle claims the bank sold the US government-sponsored enterprise toxic mortgage bonds in the eight years leading up to the global financial crisis.