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European, Asian Stocks Down on Ukraine Concerns, Earnings Disappointments
European and Asian markets finish the week in the red, as escalating tensions in Ukraine and a string of lower-than-expected first-quarter results across the continent worried investors. In The Netherlands, KPN NV fell after that country¿s largest telecoms operator reported a 22% decline in first-quarter Ebitda, while Deutsche Bank AG fell in Germany amid a report of a planned ¿5 billion capital increase; it¿s due to report first-quarter results next week. In Moscow the Micex Composite Index was weighed down after Standard & Poor¿s cut its rating to the lowest investment level, one step above junk and on a par with Brazil and Azerbaijan.
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Raw: Ukraine Village Tries to Rebuild
Two weeks after Russian tanks entered the eastern Ukrainian town of Novosvitlivka and "destroyed virtually every house", according to Ukrainian officials, residents there are struggling to rebuild their lives and homes, which now lie in ruins. (Sept. 15)
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Ukraine won't need more IMF money: Central bank governor
Ukrainian central bank governor Valeria Gontareva, says the country will not need any more money from the IMF, adding that it will not default on its debt.
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Ukraine's plan is for 'real peace' with Russia: PM
Ukranian Prime Minister Arseniy Yatsenyuk, says the plan is to achieve "real peace" with Russia and secure NATO membership.
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Ceasefire under strain in east Ukraine
A pro-Russian separatist leader predicts the truce with Ukraine "will be over soon", as fighting flares in Donetsk and an airport in Luhansk lies in ruin. Vanessa Johnston reports.
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Residents of Ukraine's Mariupol prepare for potential military offensive
Ukraine's Mariupol prepares for a possible military offensive that locals hope won't be necessary, while the ceasefire in the east barely holds. Gavino Garay reports.
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Ukraine PM slams Putin, ceasefire again under strain in east Ukraine
As fighting flares in eastern Ukraine, in breach of a fragile ceasefire, Ukraine accuses Russia of illegally sending a convoy into the country and planning to destroy the nation. Mana Rabiee reports.
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Raw: Reported Russian Aid Arrives in Ukraine
A convoy of trucks filled with almost 2,000 tons of humanitarian aid, rolled across the Russian border and into Ukraine on Saturday morning, according to Russian media. (Sept. 13)
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Raw: Ukraine Gov't, Rebels Exchange Prisoners
Government and rebel forces in Ukraine exchanged dozens of prisoners on Friday, as part of a ceasefire agreement sealed earlier this month. (Sept. 12)
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West should focus on Ukraine not Russia: Summers
Larry Summers, Charles W. Eliot University professor at Harvard University, says that although the West is right to sanction Russia, it is "essential" to focus on what can be done for the Ukrainian economy.