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European banks need to raise up to $141 billion: Goldman (Reuters) - Goldman Sachs said the European banks sector needs to raise about 60 billion to 90 billion euros ($94 to $141 billion), or withhold one year of dividends, to reach an aggregate Tier I ratio of 9 percent -- a level achieved by European banks that have recapitalized recently. Publ.Date: Fri, 04 Jul 2008 08:32:45 -0400 Source: Reuters Tax credit to save UBS from hefty loss ZURICH (Reuters) - Battered Swiss bank UBS said on Friday it should be saved from another hefty loss in the second quarter by a large tax credit, giving a much-needed though short-lived boost to its share price. Publ.Date: Fri, 04 Jul 2008 09:19:39 -0400 Source: Reuters Merrill nears deal to sell Bloomberg stake: report NEW YORK (Reuters) - Merrill Lynch & Co may sell its 20 percent stake in financial news and data provider Bloomberg LP to a blind trust controlled by New York City Mayor Michael Bloomberg, The New York Post reported on Friday. Publ.Date: Fri, 04 Jul 2008 14:26:50 -0400 Source: Reuters Oil falls below $144 as Iran responds to nuclear offer LONDON (Reuters) - Oil dropped below $144 a barrel on Friday, but was still within sight of record highs reached in the previous session when traders bought into the market ahead of a holiday weekend in the United States. Publ.Date: Fri, 04 Jul 2008 13:17:28 -0400 Source: Reuters

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