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Sears CEO says retailer needs to sell more real estate to cut debt

Sears Holdings Corp's Chief Executive Officer Edward Lampert's hedge fund has urged the retailer to sell more real estate, as part of a plan to cut about $1.5 billion of its debt, according to a regulatory filing https://www.sec.gov/Archives/edgar/data/923727/000119312518280675/d590629dsc13da.htm.

UPDATE 2-India struggles to soothe markets as liquidity concerns grow

The Indian authorities' sought to calm financial markets on Monday but investors paid little heed as fears that the nation's non-banking financial sector is facing a credit crunch led to declines in domestic bonds, stocks and the rupee, adding to losses suffered in a selloff on Friday.

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