monetary

IMF aims to boost lending resources by $250 billion: report (Reuters)

Reuters - The International Monetary Fund (IMF) wants to boost its lending resources to $1 trillion from $750 billion in order to prevent future financial crises, the Financial Times said on Monday.

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IMF aims to boost lending resources by $250 billion: report
(Reuters)

monetary

Sanctions-hit Iran fuels oil smuggling in Iraq’s north (AFP)

AFP - The road that leads into Bashmakh is dominated by a snaking line of lorries whose tankers are filled with crude oil products being smuggled into neighbouring Iran in defiance of US sanctions.

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Sanctions-hit Iran fuels oil smuggling in Iraq’s north
(AFP)

monetary

Toyota is latest car maker hit by strike in China (AP)

AP - Toyota Motor Corp., the latest automaker to be hit by a strike at a China parts supplier, said Thursday its car assembly operations were not affected by the short-lived dispute.

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Toyota is latest car maker hit by strike in China
(AP)

monetary

Oil falls to near $77 as 3-week rally stalls (AP)

AP - Oil prices fell to near $77 a barrel Thursday in Asia as investor confidence wanes that a three-week rally will continue amid signs of weak U.S.

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Oil falls to near $77 as 3-week rally stalls
(AP)

monetary

IMF visit fuels speculation on Spain bailout (AFP)

AFP - The head of the International Monetary Fund is to visit Spain amid reports Madrid is seeking a bailout while the government bit the bullet and approved crucial reforms of its rigid job market.

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IMF visit fuels speculation on Spain bailout
(AFP)

monetary

Spain sees bond spreads rise (AP)

AP - Wary investors pushed up Spain’s borrowing costs on Wednesday as a debt downgrade from last week cast a shadow over the country’s efforts to avoid a Greek-style debt crisis. Good news on the jobs market seemed to give markets little cheer.

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Spain sees bond spreads rise
(AP)

monetary

BP tries again to curb oil spill as stock falls anew (Reuters)

Reuters - BP Plc forged ahead with its latest effort to curb the flow of oil spewing into the Gulf of Mexico as the British energy giant’s shares fell anew on Wednesday and the U.S.

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BP tries again to curb oil spill as stock falls anew
(Reuters)

monetary

Lukoil reports quarterly profit of $2.05 bln (AFP)

AFP - Lukoil, Russia’s biggest private oil producer, said on Wednesday that net profit more than doubled to over two billion dollars in the first quarter from the equivalent figure last year on the back of higher oil prices.

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Lukoil reports quarterly profit of $2.05 bln
(AFP)

monetary

Luxury giant completes buy up of web fashion retailer (AFP)

AFP - Global luxury goods giant Richemont said on Wednesday that it had completed the acquisition of a pioneering 10-year-old web-based women’s fashion retailer, Net-a-porter.

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Luxury giant completes buy up of web fashion retailer
(AFP)

monetary

Bank of Canada first in G7 to hike rates (Reuters)

Reuters - The Bank of Canada raised its key interest rate on Tuesday, the first G7 industrialized economy to do so after the global recession, but said the European debt crisis made its next move highly unpredictable.

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Bank of Canada first in G7 to hike rates
(Reuters)

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