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Banks weigh on European shares after weak data

LONDON - European shares fell back on Wednesday, hurt by banking stocks, after weak euro zone data threw the region’s debt problems into focus, offsetting upbeat corporate earnings news ahead of a European Central Bank meeting on Thursday.

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Egypt needs to do more to secure IMF aid

DUBAI - Egypt needs to do more to secure a $3.2 billion loan from the International Monetary Fund, including gathering broad political support and identifying other sources to finance its funding gap of up to $12 billion, an IMF official said on Wednesday.

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