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By Clare Baldwin and Donny Kwok HONG KONG (Reuters) - Hong Kong leader Leung Chun-ying defied pro-democracy protesters' demands to step down by Friday, with pressure also increasing from Leung's backers in Beijing over one of the most serious political challenges they have faced in decades. Leung refused to bow to an ultimatum from protesters to resign and repeated police warnings of serious consequences should they try to block off or occupy government buildings. ...More...