Asian equities rise and then fall on the proposed US TARP agreement |
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- US Tarp Update: US politicians reportedly reached a tentative agreement on a $700B bank rescue plan as House Republican leader Boehner urged House members to support the rescue plan. In terms of a formal House vote, House Financial Services Chairman Frank said that there will be a vote on the plan on Monday. Also, Republican Senator Gregg noted that a Senate vote could occur on Monday. However, Senate Majority Leader Reid said that the Senate opposition may delay the rescue vote until Oct 1
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