Tag: global economy
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Stocks Fall as U.S., China Data Fuel Growth Concern; Oil Drops
Global stocks declined, with gauges of Japanese and Chinese equities falling more than 20 percent below their peaks after data from the U.S. and China added to evidence of a global economic slowdown. Oil tumbled and the dollar strengthened. The MSCI All-Country-World Index lost 0.5 percent as of 8:02 a.m. in London and Euro Stoxx […]
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International Monetary Fund new female leader
French finance minister Christine Lagarde has been chosen as the first female leader of the International Monetary Fund. Her selection was assured early yesterday when she was endorsed by the U.S. shortly before being elected by the IMF’s 24-member board. She had also won support from Europe, China and Russia. Miss Lagarde, 55, takes over […]