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Europeans agree to review size of bailout fund

The size of the fund would be “essential input” when G20 nations consider providing more resources to the IMF to assist the region, finance ministers and central bankers from leading economies said in their final communiqué after two days of meetings in Mexico City.

Chinese Premier Wen Jiabao promises help to tackle EU debt crisis

Europe is China’s largest trading partner, with trade worth around $740 billion flowing between the two in 2011. Last week the IMF warned that an escalation of the EU debt crisis could halve China’s growth rates.

Chinese exports and imports fall for first time since 2008 crisis

The sharper-than-expected plunge in imports reflects a weakening property sector and a pulling back of infrastructure building in China.

The #1 reason to be bullish on the global economy

Here's one thing to keep in mind before getting too pessimistic about the global economy.

IMF: Halt in Iran oil could push prices up 20-30%

Sanctioning Iran, the world’s fifth largest oil producer, could trigger a shock to the oil market as serious as that caused by Libya’s revolution last year.

IMF cuts global growth forecasts, saying world economy is 'deeply in the danger zone'

The Washington-based lender predicts that the world’s economy will grow by 3.25 percent this year, down from an earlier forecast of 4% in September.

IMF chief Christine Lagarde calls for bigger euro zone bailout fund

Lagarde said the global economy faced a “defining moment,” and called on euro zone governments to consider financial risk-sharing steps like common euro zone bonds as a way to tackle the 17-member currency bloc’s sovereign debt crisis.

UK and Hong Kong strike deal to make London yuan trading hub

UK Finance Minister George Osborne has reached agreement on technical measures with Norman Chan, CEO of the Hong Kong Monetary Authority, in order to help London play an important role in boosting the yuan as a major global currency.

US trade deficit hits five-month high due to record imports

The Commerce Department’s report suggested a modest improvement in the politically sensitive trade deficit with China however, with rising US exports (up to $9.9 billion) and falling imports narrowing the imbalance to $26.9 billion in November – the highest since December 2010.

Euro falls to 16-month low against dollar as bank shares slump

The beleaguered currency fell to $1.2831 against the dollar after rising French borrowing costs and a suggestion from Spain’s new economy minister that Spanish banks may face up to €50 billion in new bad loan provisions unsettled markets.
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