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Greece says high participation in bond swap

Last Updated: Friday, March 09, 2012, 13:46

Greece on Friday secured a high enough participation in its critical bond swap offer to drastically reduce its debt, staving off an imminent default and paving the way for the release of funds from international rescue loans.

Asian stocks rise on Greece, tame Chinese inflation

Last Updated: Friday, March 09, 2012, 09:59

Asian stock markets rose Friday as China's inflation eased and Greece moved closer toward inking a deal with private investors to restructure its debt and avoid a massive default.