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IMF raises its GDP growth forecast for the U.S.

IMF Increases US Economic Growth Forecast

The International Monetary Fund on Tuesday raised its projection of growth in the U.S. gross domestic product to 2.1 percent this year and 2.4 percent next year, from 1.7 percent in 2011.
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Playtech down as it eyes deal with top shareholder

Playtech, the world's biggest provider of online gaming software, plans a string of acquisitions as it branches out into the social gaming market but news that it will be buying the businesses from its main shareholder unnerved investors.
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Egyptian President Hosni Mubarak

Egypt Sues UK Over Frozen Mubarak Assets

Egypt's Ministry of Justice filed suit against the UK Treasury department on Monday over £90 million ($140 million) in assets frozen during the rule of Hosni Mubarak.
Saajid Badat

Shoe Bomber's Prison Sentence Cut For Informing

The prison sentence of would-be shoe bomber Saajid Badat was reduced by two years after he agreed to testify against Adis Medunjanin, one of the men who planned on bombing the New York City subway in 2009.
World Bank Board Opts for another American as New Chief

World Bank Selects Jim Yong Kim As President

The World Bank on Monday selected Jim Yong Kim as its next president. The World Bank presidency has gone to a U.S. candidate since the organization was founded at the Bretton Woods conference.
Ahmadinejad

Iran Nuclear Talks: Round Two In Baghdad

The round of nuclear negotiations between Iran and six world powers will take place in Baghdad, Iraq late next month. Following Saturday's discussions in Turkey, Tehran agreed to hold more talks, a landmark step after years of stalled negotiations around the Islamic Republic's developing nuclear program.
General view of French-Belgium GDF SUEZ energy plant in Colon City

GDF Suez To Buyout Remaining International Power Shares

The world's largest utility company GDF Suez agreed on Monday to buy 30 percent of International Power for $10 billion, completing a planned takeover of the U.K.-based power company to continue its expansion in fast-growing markets, the company reported.
Henry Kravis of KKR & Co. L.P.

KKR To List MMI International On Singapore Exchange

KKR & Co. L.P. (NYSE: KKR), a global private equity company, plans to list precision engineering components manufacturer MMI International on the Singapore Exchange, reported the Dow Jones Newswires, citing three people familiar with the matter, as financial market conditions stabilize on the island nation.

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