Asia looks to "friend" Lagarde to honor IMF pledges
SINGAPORE (Reuters) - Asia's fast-rising economies set their sights on securing key IMF posts under new chief Christine Lagarde, hopeful she would be the one to make good on oft-heard pledges to give more power to emerging markets.
Issues in Depth
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Greece passes austerity plan
Greece's parliament approved deeply unpopular austerity measures despite worsening violence, in a vote vital toward securing international funds and preventing the euro zone's first sovereign default. Video | Full Article
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Cost of U.S. wars at $3.7 trillion
The total cost of wars in Iraq, Afghanistan and Pakistan will run at least $3.7 trillion and could reach as high as $4.4 trillion, according to the research project by Brown University's Watson Institute for International Studies. Video | Full Article
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PMI expected to drop
Employment and manufacturing data is set to dominate the economic agenda, and IFR is calling for PMI to drop partly due to auto plants shutting down for retooling. Video
New push in oil manipulation case
One of the biggest oil market manipulation cases undertaken by regulators is entering a new phase in which a judge will mediate settlement talks, three years after the case was launched. Full Article
CEOs fondly recall toys of youth
Toy industry executives always fight to come up with the next great high-tech gadget or complex video game. But as children, many enjoyed the simplicity of colored blocks or miniature cars. Full Article
And Myspace goes to . . .
News Corp has sold social media site Myspace for about $35 million to online advertising company Specific Media, according to a source familiar with the transaction. Full Article
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Renewables boom could strain Germany's grid
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France defends arms airlift to Libyan rebels
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