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    Last update: December 22, 2009

    +Business calls for euro action
      European business joined the growing number of politicians demanding rapid action to halt the euro's rise, warning the currency had 'attained a pain threshold' for companies

    +Japan's phone wars raise deflation fears
      A price war aimed at Japan's 100m mobile phone users could have an impact on the core consumer price index, potentially prolonging the country's brush with deflation

    +Europe urges tough line on dollar
      Eurozone policymakers will call for a strong stance against exchange rate volatility at the next G7 meeting in an effort to halt the greenback's decline against the euro

    +SEC warned over investor rights
      International investor confidence in US markets will be damaged unless regulators rethink plans to give shareholders only limited powers to change the make-up of US company boards

    +Brazil births raise fresh thalidomide fears
      Three children in Brazil have been born with severe physical disabilities caused by thalidomide, triggering questions over the government's continued authorisation of the drug

    +Deal set to cut prescription drug abuse
      The German company that launched thalidomide is poised for a breakthrough deal that could help sharply reduce the abuse of prescription drugs by unauthorised users

    +Strauss-Kahn focuses on IMF reform
      The fund should no longer act as the 'gendarme' of the global economy and must reform itself to restore its relevance and legitimacy, says the incoming managing director

    +EU clears way for postal competition
      Postal companies should be free to compete for customers from 2011 as governments ended a year-long deadlock over opening the €88bn market

    +IMF reform deal possible
      Brazil and South Africa have signalled a willingness to scale back demands for the next stage of International Monetary Fund reform, raising the possibility of a deal

    +Bush urges better climate change co-operation
      US president hails a 'deciding moment' in the battle against climate change as he calls on rich and poor countries to build a new international approach to the problem

    +Strauss-Kahn vows to revive IMF
      The French Socialist former finance minister has been appointed managing director having promised efforts to revive the institution's fading relevance

    +World Bank cuts rate to middle-income nations
      Robert Zoellick, the bank president, announces a simplified fee structure and lower interest on loans to compete with private capital markets

    +US shipping plan attacked
      European shipowners, port operators and retailers rounded on a US plan to scan all containers entering the country, saying it would have "disastrous effects" on trade

    +ECB emergency fund tapped for €3.9bn
      The ECB's emergency fund, which attracts a penal interest rate, has been tapped for €3.9bn – the largest sum since October 2004, the Frankfurt-institution revealed

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