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An Australian touched by an image of a pensioner sobbing outside a Greek bank said Wednesday he was flying over to Europe to support the man financially after discovering he was a family friend. Giorgos Chatzifotiadis, 77, broke down in Greece's second city of Thessaloniki last week and cried in despair after he failed at four different financial institutions to withdraw a pension of 120 euros (US$132) on behalf of his wife. James Koufos, an Australian-born chief executive of a finance firm, saw the photo published in Sydney and thought the retiree looked "so much like a friend of my dad's".
BEIJING (AP) — In a flurry of new moves to halt a stock market slide, China's government on Wednesday told state-owned companies to buy shares, raised the amount of equities insurance companies can hold and promised more credit to finance trading.