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Posted AT 6:52 AM EST on 13/11/08

Mizuho fund-raising as more banks report losses

DAVID DOLAN AND ANDRAS GERGALY

Reuters

TOKYO/DUBLIN — Japan's Mizuho Financial Group joined banks around the world raising new capital on Thursday, and lenders from Australia to Ireland warned of tough times ahead in a deepening financial crisis. Grim news from Asia was repeated in Europe, with earnings in retreat and warnings of rising bad debts as the credit crisis spreads to the real economy.

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