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DUBAI Islamic finance has withstood the negative impact of the global financial crisis, proving its resilience, effectiveness and relevance to the global financial industry, said Farhan Al Bastaki, Executive Director for Islamic Finance at the Dubai International Financial Centre Authority.

Japan's finance minister hospitalized (AP via Yahoo! Finance)

Japan's finance minister will spend the new year holidays in hospital, recovering from apparent exhaustion after weeks of intense work on next year's budget, according to reports.

Midday Glance: Finance companies (AP via Yahoo! Finance)

NEW YORK (AP) -- Shares of some top finance companies are mixed at noon: Bank of America fell $.11 or .7 percent, to $15.18. Citigroup fell $.01 or .3 percent, to $3.38. JPMorgan Chase rose $.03 or .1 percent, to $41.75.

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