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BEIJING/SHANGHAI (Reuters) - Beijing intensified efforts at the weekend to pull China's stock markets out of a nose-dive that is threatening the world's second-largest economy, with top brokerages pledging to buy massive amounts of shares and a report that the government has set up a market stabilization fund. Beijing has also suspended new share offers in an attempt to take pressure off the market after a 30 percent plunge in three weeks, the Wall Street Journal said. The reported suspension of initial public offers (IPOs) came a few hours after extraordinary announcements by major brokers and fund managers, which collectively pledged to invest at least $19 billion of their own money into stocks.
ATHENS, Greece (AP) — Greeks were voting Sunday in a critical bailout referendum, with opinion polls showing people evenly split on whether to accept creditors' proposals for more austerity in exchange for rescue loans, or defiantly reject the deal.