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IMF nameplate is displayed on a wall at the headquarters during the World Bank/International Monetary Fund Spring Meetings in Washington

Can Ukraine Avoid Economic Crisis?

The International Monetary Fund is highly unlikely to approve Ukraine's request to restructure $3 billion of loan repayments due this year, but the fact that the government is even considering such a move demonstrates the extent to which it is running out of options, according to Capital Economics.
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Greek Cabinet Formally Approves Bailout Deal

Greece's cabinet unanimously approved the terms of its international bailout on Wednesday, hours after euro zone countries formally approved the 130 billion euro ($169 billion) financial package that Athens needs to stay afloat.
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Tax Break For Natural Gas Vehicles Blocked In Senate

The U.S. Senate Tuesday rejected a bipartisan proposal to provide tax incentives for natural gas vehicles, a plan seen by some as paving the way for reduced dependence on foreign oil but panned by conservative groups as an unnecessary subsidy.
Bashar al-Assad

Syria: Assad Calls For Elections In May

Hoping that governmental reform can end a year of violence, Syrian President Bashar al-Assad said that new, multi-party parliamentary elections will be held on May 7.
A Zimbabwean miner works underground

Impala Platinum Tells Zimbabwe To Show It The Money

South Africa's Impala Platinum said on Wednesday that the Zimbabwean government would have to find the money to buy the 31 percent stake it wanted in its local unit Zimplats or the stake would not be transferred.
Greece

Greece Needs To Cut Spending More: EC

Greece will have to slash a further 5.5 percent of GDP in government spending in 2013 and 2014 to meet agreed fiscal targets underpinning the second international bailout for Athens, a European Commission report said.

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