* US consumers cut spending for first time in 2 years * S&P downgrades Argentina on political, economic risk * Bank of Japan cuts call rate to 0.30 pct * Barclays announces 7.3 billion pound capital raise * World stocks end worst month in decades, Wall St mixed (For full crisis coverage, double click on [nCRISIS]) By Claudia Parsons NEW YORK, Oct 31 (Reuters) - Grim reports showing American consumers tightening their belts and the U.S. business outlook weakening deepened ...
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