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A near five percent plunge in Tokyo led another Asian rout Friday, bringing to an end one of the most painful weeks for global investors as fears about the world economy -- and possible recession -- stalk trading floors. The losses in Japan came as the yen pushed to more than 16-month highs against the dollar. Analysts say there is growing concern central banks are running out of ideas to provide support, with Sweden's saying it would push its interest rate further into negative territory, weeks after Japan adopted the policy for the first time.
By Aaron Ross KINSHASA (Reuters) - Democratic Republic of Congo, Africa's top copper producer, has not dropped plans to revise its mining code, the mines ministry said on Thursday, in an apparent contradiction to comments made by the mines minister on Wednesday. The minister, Martin Kabwelulu, told an industry conference in Cape Town on Wednesday that the government had decided to retain the 2002 code governing the terms for mining operations in the country, abandoning a three-year revision process that met with fierce industry opposition over proposed rises in tax and royalty rates. "The government of the Democratic Republic of Congo has not renounced revising the mining code.