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A trader works on the floor of the New York Stock exchange WASHINGTON (AFP) - With financial markets seeing fresh panic, US authorities have raised the prospect of direct capital injections into troubled banks, and Europe's central bank opened up an unlimited cash lifeline. But finance officials from around the world were bickering ahead of a key gathering in Washington, and the International Monetary Fund (IMF) called for more coordination instead of unilateral action. US President George W. Bush will make a statement on the global financial meltdown around 10 am (1400 GMT) Friday to assure Americans that their leaders are grappling with the crisis, the White House announced. Stocks went into a new tailspin as panic took hold again on Wall Street, sending US indexes to fresh five-year lows. Some said short-sellers came back... [read full story]
