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EU, IMF press Greece on reforms before aid flows (Reuters)

Reuters – The European Union and IMF want Greece to push through more budget cuts and implement a series of long-agreed austerity reforms before they agree on a new bailout the country needs to avert bankruptcy, a report obtained by Reuters shows.

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EU, IMF press Greece on reforms before aid flows
(Reuters)

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IMF looks to raise $600 billion in new resources: sources (Reuters)

Reuters – The International Monetary Fund is estimating it needs to raise up to $600 billion in new resources to lend to countries struggling with the fallout from the growing euro zone debt crisis, IMF sources said on Wednesday.

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IMF looks to raise $600 billion in new resources: sources
(Reuters)

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More arrests in insider trading probe: sources (Reuters)

Reuters – The FBI is making several arrests as part of the government’s sweeping probe into insider trading, people familiar with the matter said on Wednesday.

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More arrests in insider trading probe: sources
(Reuters)

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Yahoo co-founder Jerry Yang resigns (Reuters)

Reuters – Yahoo Inc co-founder Jerry Yang has quit the company he started in 1995, appeasing shareholders who had blasted the Internet pioneer for pursuing an ineffective personal vision and impeding investment deals that could have transformed the struggling company.

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Yahoo co-founder Jerry Yang resigns
(Reuters)

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Eurozone to push on with crisis steps, Fitch doubts outcome (Reuters)

Reuters – The euro zone will pursue measures to tackle its sovereign debt crisis this week by offering more cash to the IMF and long-term liquidity to banks, while moving towards tighter fiscal rules, after ratings agency Fitch cast doubt on it ability to forge a

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Eurozone to push on with crisis steps, Fitch doubts outcome
(Reuters)

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Italy’s Monti in austerity race as IMF role eyed (Reuters)

Reuters – Prime Minister Mario Monti faces a testing week seeking to shore up Italy’s strained public finances, with an IMF mission expected in Rome and market pressure building to a point where outside help may be needed to stem a full-scale debt emergency.

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Italy’s Monti in austerity race as IMF role eyed
(Reuters)

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Greece may need 60 percent bond writedown; EU at odds (Reuters)

Reuters – Private holders of Greek debt may need to accept losses of up to 60 percent on their investments if Greece’s debt mountain is to be made more sustainable in the long-term, a downbeat analysis by the EU and IMF showed on Friday.

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Greece may need 60 percent bond writedown; EU at odds
(Reuters)

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State job cuts on table at Greek loan talks (Reuters)

Reuters – Greece hopes to clinch a deal with its EU and IMF lenders on how to meet a promise to lay off state workers — a key condition to free up urgently needed bailout aid — by Sunday, senior government officials said.

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State job cuts on table at Greek loan talks
(Reuters)

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Business Highlights (AP)

AP – IMF: World economy enters `dangerous new phase’

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Business Highlights
(AP)