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Chinese stocks rose on Monday, as an unprecedented series of support measures unleashed by Beijing brought some relief to a market whose headlong slide over the past three weeks had raised fears about the stability of the world's second-biggest economy. In an extraordinary weekend of policy moves, brokerages and fund managers vowed to buy massive amounts of stocks, helped by China's state-backed margin finance company, which in turn would be aided by a direct line of liquidity from the central bank. Oliver Barron, China policy research analyst at NSBO, said it wasn't just faith in the markets at stake after investors had ignored official measures to prop up equities as indexes slid around 12 percent last week.
Athens (AFP) - 07:56 GMT - Shock resignation - As Greeks took to the streets to celebrate the resounding NO sent to creditors' austerity demands, the controversial and colourful Finance Minister Yanis Varoufakis announced he would resign.
DAYTONA BEACH, Fla. (AP) — A horrific last-lap accident that left drivers fearing for Austin Dillon's safety muted Dale Earnhardt Jr.'s victory in the rain-delayed race at Daytona International Speedway.