News round-up: 30 Jul 2008

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Bank losses shame disgruntled Swiss – BBC News

Starbucks cuts 1,000 jobs, COO post and retreats from Australia – National Post

Santander revenues rise 16% – FT

Australia faces worse crisis than America – Ambrose Evans-Pritchard, Telegraph

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Banks pressed to follow Merrill debt sale – FT (Citigroup and UBS face the same as Merrill)

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Merrill Sells $8.55 Billion of Stock, Unloads CDOs – Bloomberg

Argentina’s Fernandez Popularity Falls to Record Low – Bloomberg

New Zealand’s Guardian Mortgage Fund Suspends Withdrawals – Bloomberg

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