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Organizers meet to create $100b climate fund

A new global fund on climate change that aims to channel $100 billion a year in aid to poor countries selected officials from South Africa and Australia as its leaders at its first meeting Thursday. The Green Climate Fund, created as part of a deal struck in December 2011 at the 194-nation climate talks in… Continue Reading Organizers meet to create $100b climate fund

Wells Fargo¬†has created a global banking division to serve U.S. clients doing business around the world. The new division is part of Wells Fargo’s international group. The division will be led by Sanjiv Sanghvi, a 21-year veteran of the San Francisco-based bank. Wells Fargo’s global banking services include providing middle market and large companies with… Continue Reading Wells Fargo launches global banking division

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Global leaders pledge $1.1 trillion

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World leaders pledged $1.1 trillion in loans and guarantees to struggling countries and agreed Thursday to crack down on tax havens and hedge funds – but failed to reach sweeping accord on more stimulus spending to attack the global economic decline. At the end of a highly anticipated one-day gathering, leaders of the Group of… Continue Reading Global leaders pledge $1.1 trillion

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