Japanese shares plunge in early trade

Japanese shares open sharply lower on Friday amid concerns over the global economy and following falls in the US and Europe.

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Morgan Stanley to pay $3.2bn settlement

Morgan Stanley will pay $3.2bn (£2.2bn) to US authorities to settle claims that it misled investors about risky mortgage bonds sold before the financial crisis.

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IMF boss Lagarde set for second term

International Monetary Fund head Christine Lagarde, the first woman to hold the position, has been nominated for a second term at the helm.

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