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61. China Banker: Dollar Remains No. 1 Reserve Currency
"The dollar's global dominance will continue," Jin Zhongxia, head of the research institute of the People's Bank of China, wrote in a personal commentary for the Official Monetary and Financial Institutions Forum, a London banking and financial-industry think tank.
62. Eurozone Recovery Still at Risk, ECB's Draghi Warns
The eurozone's recovery from a devastating economic crisis is still at risk, the head of the European Central Bank (ECB) warned Monday, as he called for troubled countries to focus on cutting their expenditures and implementing reforms.
63. Amount of Bad Loans Drops in Spain
Bad loans now make up 10.4 per cent of total debt, down from 11.4 per cent in November.
64. G20 Tension Builds Over Japan's Efforts to Drive Down Yen
Global finance ministers braced for more skirmishes today in a week of simmering tension over "currency wars" as the G20 gathered in Moscow.
65. Eurozone Fell Deeper Into Recession at End of 2012
The eurozone economy contracted at its fastest pace since the 2009 recession during the final quarter of 2012, when it shrank by a more-than-forecast 0.6 per cent, data released Thursday showed.
66. France Fires Latest Salvo in Euro Debate
France last night demanded a debate about the strength of the euro as global currency wars threatened to spiral out of control.
67. Devalued Yen Prompts EU, G7 to Warn Against Currency Wars
The finance ministers and central bank chiefs of seven leading world economies said Tuesday that they would "not target exchange rates," amid fears of currency wars prompted by a devalued Japanese yen.
68. ECB Holds Rates at Historic Low Despite Euro's Rise
The European Central Bank left interest rates unchanged at the historic low rate of 0.75 percent Thursday, despite the recent sharp rise in the value of the euro.
69. German Factory Orders Rebound in December
The Ministry for Economics said monthly factory order books climbed by 0.8 per cent in December after contracting by 1.8 percent in November.
70. Euro's Rise, Currency War Risk Overshadowing ECB Meeting
The ECB's rate-setting council is expected to announce Thursday that it left interest rates on hold at an historic low of 0.75 percent following a pickup in key economic indicators for the 17-member eurozone.
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