Reuters IMF paints grim picture of fiscal tightening needs
BEIJING (Reuters) - Developed countries with big budget deficits must start now to prepare public opinion for the belt-tightening that will be needed starting next year, the No. 2 official at the IMF said on Sunday.


 
Reuters IADB eyes $80 billion capital increase to fill coffers
CANCUN, Mexico (Reuters) - Member countries of the Inter-American Development Bank could hand the regional lender a capital increase of $80 billion to replenish its coffers, Colombia's finance minister said on Saturday.


 
Reuters China could report trade deficit in March
BEIJING (Reuters) - China's trade balance could turn to a deficit in March, commerce minister Chen Deming said on Sunday, adding that adjustments to the yuan's value would not by itself resolve global trade imbalances.


 
Reuters Novell rejects $2 billion Elliott Associates offer
LOS ANGELES (Reuters) - Novell Inc spurned a $2 billion takeover offer from investment fund Elliott Associates on Saturday, calling the bid inadequate and saying it undervalued the business software maker.


 
Reuters Lehman exec letter warned on misleading investors: report
CHICAGO (Reuters) - A former Lehman Brothers Holdings Inc executive warned months before the bank's collapse that senior management was potentially misleading investors and regulators about the value of the firm's assets, the Wall Street Journal reported on Saturday.


 

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