Head of IMF urges EU leaders to deploy bailout funds

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Source: The Wall Street Journal
© Scanpix/AFP
The IMF Managing Director Christine Lagarde urged Eurozone leaders to deploy the Euro bloc's bailout funds and the European Central Bank's bond-buying scheme as a part of aggressive plan to solve the Eurozone's debt crisis. Although the head of IMF did not mention any particular country, Spain is the only member on the currency union that is considering whether and when to ask for a bailout. 
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Mon, 15 Oct 2012 07:05:17 GMT

Asian stocks fluctuate on China's exports and inflation reports

Asian stocks fluctuated as concern that world economic slowdown is putting pressure on earnings was offset by China's exports and inflation data. The MSCI Asia Pacific Index lost 0.1% to 120.70. Japan's Nikkei 225 Stock Average gained 0.4%, while South Korea's Kospi Index declined 0.3%. Hong Kong's Hang Seng Index slipped 0.1% and Taiwan's Taiex Index fell 0.6%.  

Mon, 15 Oct 2012 06:54:18 GMT

U.S. retail sales probably rose in September

U.S. retail sales probably increased in September as demand for cars kept improving, economists said before the data this week. The 0.8% gain would follow a 0.9% increase in August, according to economists' projection. Other data may indicate manufacturing stabilized and fuel prices pushed up the cost of living. 

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