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    Last update: December 22, 2009

    +Markets on alert for G7 shift on currency
      Currencies and the regulatory response to the credit crisis will top the agenda when world finance ministers, central bank governors and bank executives meet this week

    +Former UN diplomat sentenced
      Vladimir Kuznetsov, formerly the highest-ranking Russian diplomat at the United Nations, has been jailed by a US federal court on money-laundering charges for his part in an illegal scheme to help companies win lucrative UN contracts

    +Marketers braced for spending cuts
      Senior marketers face cuts in financial services budgets due to the credit squeeze and fears that expenditure in the cyclical marketing industry has peaked

    +Turkey fears send oil to record high
      Crude oil prices surged to a fresh high of $84 a barrel, on concerns that Turkey might invade northern Iraq to crush Kurdish guerrillas it accuses of attacking Turkish targets

    +Global warming recast as security issue
      Awarding the peace prize to the UN climate change panel shows how global warming has been recast from an environmental issue to one of international security.

    +Hard to decouple from the US train
      With the US economic train slowing down, policymakers from Europe, Asia and Latin America want to show they can detach their regions from the US locomotive

    +Gore prize transforms climate debate
      Al Gore won the Nobel Peace Prize for his work on climate change in a move that is likely to place the issue at the forefront of the political debate in the US as the country moves into its presidential election season

    +Respect Iran sanctions, US warns
      The US warned China, Russia and other countries opposed to tougher economic sanctions against Iran not to seize business opportunities left open by the departure of those respecting the sanctions regime

    +Kazakhs may buy back foreign listings
      The government should look into buying back shares of national companies listed abroad, President Nursultan Nazarbayev said, criticising international ratings agencies downgrades.

    +US home foreclosures double
      US home foreclosure filings doubled last month from a year ago and the nation's biggest mortgage lender said late payments rose, suggesting that the mortgage crisis is not abating

    +Tech sell-off halts global stock rally
      A global equities rally that carried Asian bourses to record highs ran out of steam during US trading as investors suddenly sold the technology shares that had spurred the market in recent weeks

    +Gore's star rises amid Nobel rumours
      Al Gore, the former US vice-president, overtook Barack Obama in a closely watched futures betting market on the next Democratic nominee fuelled by speculation that he would pick up the Nobel Peace Prize

    +Sensible first steps
      A hundred days is too short for transforming the world. But it's long enough for a new leader to decide where to take the World Bank

    +Call for action on markets
      Central bankers and finance ministers are urged to take 'essential actions' to help financial markets regain their footing in the wake of the credit squeeze

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