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Economy - International

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arclein

China's stunning economic rise is one of the biggest stories of this generation. In just three decades since beginning to embrace market economics, China has left its desperate poverty behind to become the world's top exporting nation. The transform

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Reuters

Railway porter-turned-billionaire financier George Soros delivered a stark warning last night that the financial world is on the wrong track and that we may be hurtling towards an even bigger boom and bust than in the credit crisis. The man who ‘brok

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Reuters

Lehman Brothers Holdings Inc told a U.S. bankruptcy judge that Barclays Plc should be forced to return certain assets it received in its 2008 acquisition of Lehman's core U.S. brokerage, because Barclays arranged a secret $5 billion discount.

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By Marc Preel, AFP, telegraph.co.uk

Anna Margret Bjoernsdottir never thought she would be forced to leave her once wealthy homeland. But taking out a loan in a foreign currency was a disastrous decision. After 18 months of economic upheaval she has decided to join the biggest emigrat

News Link • Global Reported By Lauren Roseman
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Market-ticker.denninger.net/

Oh no, we better not talk about the black hole opening up on bank balance sheets (again)..... that might be a problem eh? Just remember that right up until Lehman blew up the market, while it had its ups and downs, didn't react "too badly" either.

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arclein

The network would eventually carry passengers from London to Beijing and then to Singapore. It would also run to India and Pakistan, according to Wang Mengshu, a member of the Chinese Academy of Engineering and a senior consultant on China's domes

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By Ambrose Evans-Pritchard, telegraph.co.uk

However you dress it, the Greek package agreed by EU leaders is a capitulation to German-Dutch demands. There will be no European debt union as long as Angela Merkel remains Iron Chancellor of Germany. The Frankfurter Allgemeine summed up the deal

News Link • Global Reported By Lauren Roseman
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ZeroHedge.com

- "the EU is in dire position", on the precipice of shattering into default and civil unrest; - the sovereign debt crisis materializing across Europe will soon reach US shores; - the CFTC will curtail currency speculation by slashing leverage...

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By Matthew Day, telegraph.co.uk

The People's Party, the largest group in a five-party coalition, walked out amid disputes over how to cope with the country's severe problems. Unemployment has now hit 20 per cent and the economy contracted by 18 per cent last year. The People's

News Link • Global Reported By Lauren Roseman
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