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Michigan bill would exempt banks from paying fines for 'blighted' properties

Michigan bill would exempt banks from paying fines for 'blighted' properties

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India: Central bank moves to strengthen the rupee

The Reserve Bank of India (RBI) asks exporters to convert 50 per cent of their foreign exchange holdings into rupees. They will also have to use their entire foreign exchange holdings before buying any more. Since august of last year, the rupee lost 21 per cent against the US dollar.

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World Bank Chief Supports BRICS Bank Idea

Outgoing World Bank President Robert Zoellick has given his backing to a new development bank proposed by the BRICS group of emerging economic powers -- Brazil, Russia, India, China, and South Africa.

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China: Central Bank of China: more loans from banks, but the Yuan remains low

Governor Zhou Xiaochuan pledges to reduce the ratio of required reserves for banks. No promise on appreciation of the Yuan. Delayed change of model development of the country, too tied to exports and low currency value.

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World Bank Committed To Helping Rebuild Osh

A World Bank team has visited the Kyrgyz southern city of Osh to discuss projects aimed at improving the city's infrastructure, which was severely damaged during the ethnic clashes that erupted in Kyrgyzstan in June 2010.

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China: World Bank tells China to implement reforms to save its slowing down GDP growth

A report by the World Bank makes the case in Beijing today. Without economic and social changes, the country could enter 20 years of decline. World Bank chairman Zoellick calls for a bigger social safety net, fewer state companies and more market openness. "The country's current economic- growth ...

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World Bank Cuts Global Growth Forecasts

The World Bank says Europe appears to have entered recession, and growth in several major developing countries -- Brazil, India and to a lesser extent Russia, South Africa and Turkey -- has also slowed.

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