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Tag Archives: international monetary fund

IMF projects lower global growth (access required)

The International Monetary Fund lowered its forecasts for global growth over the next two years, warning Tuesday that weakness in most major economies will trump gains from lower oil prices. The IMF’s report was released as China reported its slowest ...

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Suit details D.C. police use of Navy equipment

WASHINGTON — The District of Columbia police department arranged to use U.S. Navy satellite communications and video equipment as it prepared for a large 2002 demonstration that resulted in about 400 arrests and multi-million-dollar legal settlements, according to emails, invoices ...

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Strauss-Khan, hotel maid settle N.Y. lawsuit over abuse claims

NEW YORK — Former International Monetary Fund leader Dominique Strauss-Kahn and a hotel maid settled her lawsuit Monday over sexual assault allegations that sank his political career and spurred scrutiny of his dealings with women on two continents. State Supreme ...

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IMF chief urges further debt reduction

BERLIN — The head of the International Monetary Fund says the world’s leading economies must continue to cut government spending despite an overall situation of only “tepid growth.” Christine Lagarde said Tuesday in Berlin that those governments “have to continue ...

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Apple’s earnings miss drags tech stocks lower

NEW YORK — A rare earnings miss by Apple pulled down technology stocks Wednesday. Broad market indexes turned lower in late afternoon trading on reports of an impasse in talks to resolve Europe’s debt crisis. The leaders of Germany, France, ...

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Global leaders struggle to calm recession fears

WASHINGTON — The world’s major economic powers are pledging to launch a bold effort to deal with a chronic slowdown in growth and a European debt crisis threatening to push the global economy into another recession. But so far, markets ...

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Wall Street sharply lower on fears about economy

NEW YORK — Investors on Wall Street and around the world sold stocks with abandon Thursday, more convinced than ever that the United States and perhaps the globe are headed for a new recession. The Dow Jones industrial average fell ...

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IMF: World economy enters ‘dangerous new phase’

WASHINGTON — The world economy has entered a “dangerous new phase,” according to the chief economist of the International Monetary Fund. As a result, the international lending organization has sharply downgraded its economic outlook for the United States and Europe ...

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Developed nations look to restore growth

MARSEILLE, France  — The financial leaders of the world’s most developed economies were wrangling Friday over how to revive a faltering economic recovery at a time when interest rates are already low and government debt is high. The so-called Group ...

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