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| Hedge Fund Directories |
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Asian central banks intervened heavily in the currency markets on Thursday to slow the slide of the US dollar amid growing concern about the potential impact on the region??s export driven economies.
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Dominique Strauss-Kahn, the head of the International Monetary Fund, on Friday reiterated his criticism of China??s ??undervalued? currency, but said reforms to exchange rate policies were part of wider moves to create more balanced global growth.
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Banks around the world have still to reveal about half of their likely losses resulting from the financial and economic crisis, the International Monetary Fund said on Wednesday, warning that there was still a ??significant? risk of another downward lurch in the global recession.
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US banks will have to advance tens of billions of dollars to the cash-strapped fund protecting depositors at the Federal Deposit Insurance Corporation under a proposal to be to be put forward by regulators on Tuesday.
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