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US Treasury chief urges EU to ease off austerity

jacob-lew-BRUSSELS—European countries should ease off their austerity and adopt more growth-friendly policies, US Treasury Secretary Jacob Lew said yesterday as he kicked off a series of meetings with the region’s top leaders. 

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Leaks reveal secrets of the rich who hide cash offshore

British-Virgin-Islands-007Britain’s Guardian newspaper in association with the International Consortium of Investigative Journalists (ICIJ) is reporting that “millions of internal records have leaked from Britain's offshore financial industry, exposing for the first time the identities of thousands of holders of anonymous wealth from around the world, from presidents to plutocrats, the daughter of a notorious dictator and a British millionaire accused of concealing assets from his ex-wife.”

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China''s Central Bank wants to Avoid Currency War

Beijing, Mar 3 (Prensa Latina) Yi Gang, deputy governor of the Central Bank of China, called to avoid a currency war, but said that the country is fully prepared to face it, official media reported on Saturday.

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IMF economist warns Eastern Caribbean countries

WASHINGTON D.C., United States, March 9, 2013 – A senior economist with the International Monetary Fund (IMF) is warning member countries of the Eastern Caribbean Currency Union (ECCU) that they face similar challenges now confronting the Eurozone countries.

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Swiss bank Wegelin to close after US tax evasion fine

Switzerland's oldest bank is to close after pleading guilty to helping some of the US's richest people evade paying taxes on at least $1.2bn (£750m) which was hidden in secret offshore accounts.

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