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Fears spread through world markets over Dubai debt

Investors recoiled from risky assets yesterday and dumped shares in Asian banks and builders, fearing a Dubai debt default could reignite the financial turmoil of the credit crisis.

Stocks from Tokyo to Mumbai were haunted by suspicion of lenders’ exposure to Dubai firms that built islands in the Gulf, planned cities from Pakistan to Africa and fashioned the financial hub of the world’s biggest oil exporting region.

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Taiwan Thinktank urges FTAs before China ECFA

The Taiwan Thinktank yesterday urged the government to postpone the implementation of an economic cooperation framework agreement (ECFA) it wants to sign with Beijing until Taiwan signs free trade agreements (FTAs) with the US or Japan and they go into effect.

Taiwan Thinktank chairman Chen Po-chih (陳博志) said Taiwan would be better off if the ECFA were not signed, but if it is signed, it would be better to wait until after Taipei inks FTAs with Washington or Tokyo and they become effective.

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Page 1396 of 1494

Newsflash

Tibetan writer Gudrup in an undated photo.

DHARAMSHALA, October 4: In reports coming out of Tibet, another Tibetan man has set himself of fire today in an apparent protest against China’s continued occupation of Tibet, taking Tibet’s self-immolation toll to 53.

Sources from inside Tibet, using a popular phone interface programme, have said that Gudrub, 43, torched himself in Nagchu town in central Tibet at around 10 am (local time). He is believed to have passed away at the site of his protest.