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Iran, Saudi Arabia and Egypt join emerging nations group

Rest of World News: Seeking more political and economic influence in a global system dominated by the United States and Europe, the Brics club of emerging nations agreed ....

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chinas: Why it's so hard for China to fix its real estate crisis

Many economists in China now suggest that the country needs to go beyond reductions in down payments and also cut interest rates sharply, going far beyond a tiny interest rate reduction Monday. Deep cuts in interest rates would make it much cheaper to borrow money for a new home, car or other big purchases. It could also spur more exports, long a driver of the Chinese economy. ....

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China's troubles rattle global stocks and drag Hong Kong into bear market

Global investors are also wary of the effects of China s weakening economy, which has added to worries about inflation and high interest rates in Europe and the United States. On Friday, European stocks mostly fell and the S&P 500 was flat. The U.S. benchmark index is on track to record its third consecutive weekly decline. ....

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