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Stocks lower but selling pressure eases

Global stocks fell again Friday as fears of a possible U.S. recession combined with ongoing worries over Europe’s debt crisis, which is stoking acute fears over the continent’s banking sector. However, smaller than anticipated losses on Wall Street helped European markets recoup a large chunk of their earlier losses by the close. In Europe, Britain’s… Continue Reading Stocks lower but selling pressure eases

Group of 20 to increase IMF funding

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Global leaders made headway Thursday on tackling the world financial crisis, with new clampdowns likely on tax havens and hedge funds and more funds heading to the International Monetary Fund so it can boost loans to struggling countries.Officials close to the negotiations said the Group of 20 nations could triple their funding for the IMF… Continue Reading Group of 20 to increase IMF funding

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