THE WALL STREET JOURNAL Europe Morning Update
January 1, 2009 -- 11:57 p.m. EST
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Dear Europe Morning Update subscriber: We are discontinuing the Europe Morning Update newsletter. Beginning 1/7, you will instead receive the Today's Paper: Europe newsletter, which provides a complete listing of links to stories running in each day's Wall Street Journal Europe edition. This email will be offered in html format only. If you do not wish to receive this newsletter, please go to the link at bottom of this email to unsubscribe directly or go to the email sign-up page at wsj.com/email to change your email settings. Please allow 48 hours for changes to your email settings to take effect.
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TODAY'S NEWS
(WSJ.COM SUBSCRIPTION REQUIRED TO READ FULL STORIES)
There is always uncertainty in investing. This year, however, the availability of capital -- one of the most important variables in the functioning of an economy -- can no longer be taken for granted.
http://online.wsj.com/article/SB123084068194547123.html?mod=djemEMU
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Russia halted supplies of natural gas to Ukraine, a key transit point for the European Union, after contract talks broke down.
http://online.wsj.com/article/SB123080339916446769.html?mod=djemEMU
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The International Monetary Fund announced plans to lend Belarus $2.5 billion to help the Eastern European country cope with the global economic crisis.
http://online.wsj.com/article/SB123083529319447047.html?mod=djemEMU
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UBS sold its 1.3% stake in Bank of China for $808 million amid talk other companies could also raise cash by selling holdings in Chinese lenders.
http://online.wsj.com/article/SB123072297841745355.html?mod=djemEMU
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Aberdeen Asset Management's shares jumped after the firm said it would buy some fund-management operations from Credit Suisse.
http://online.wsj.com/article/SB123071295489045297.html?mod=djemEMU
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Slovakia joined the euro, underscoring the former Soviet bloc nation's economic progress, while the Czech Republic took over the rotating presidency of the European Union from France.
http://online.wsj.com/article/SB123084812375147331.html?mod=djemEMU
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The Dow gained 1.3% in 2008's final session, closing one of the stock market's worst years on a sunny note. Blue chips fell 34% for the year, the S&P 500 plummeted 39% and the Nasdaq was off 41%. Oil prices jumped.
http://online.wsj.com/article/SB123072340627545363.html?mod=djemEMU
To read any of the articles above, please see: http://www.wsj.com
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FEATURES
(WSJ.COM SUBSCRIPTION REQUIRED TO READ FULL STORIES)
The collecting market is far from out, but it's important to make a distinction between the contemporary art market and more traditional collecting areas.
http://online.wsj.com/article/SB123083816023647083.html?mod=djemEMU
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A phaseout of advertising from French public television has the nation's broadcasters pondering whether it's better to be partly answerable to advertisers or solely accountable to the government.
http://online.wsj.com/article/SB123084745481947283.html?mod=djemEMU
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