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The International Monetary Fund (IMF) headquarters building is seen in Washington

IMF Calls For EU Fiscal Capacity, Rules To Be Linked To Risk

The European Union should set up a fiscal capacity to pay for EU public goods, link the pace of debt cuts to individual country risk and let independent fiscal councils play a bigger role in policy, the International Monetary Fund said on Monday.
Illustration picture of Chinese yuan

Investment Banks Rush To Cut Yuan Forecasts, 7 Per Dollar At Risk

Major investment houses have cut their yuan forecasts as its fall against the dollar accelerates, with some expecting a breach of the 7-per-dollar milestone before next month's politically sensitive Party Congress despite authorities' efforts to slow the slide.
A man walks under an electronic screen showing Japan's Nikkei share price index inside a conference hall in Tokyo

Asia shares ease, Euro slugged by energy crisis

Asian shares slipped on Monday while the euro took a fresh spill after Russia shut a major gas pipeline to Europe, leading some governments there to announce emergency measures to ease the pain of soaring energy prices.
Signage is seen at a Bed Bath & Beyond store in Manhattan, New York City

Bed Bath & Beyond CFO plunges to death at New York's Jenga tower

Bed Bath & Beyond Inc's chief financial officer fell to his death from New York's Tribeca skyscraper known as the "Jenga" tower on Friday afternoon, police said on Sunday, days after the struggling retailer announced it was closing stores and laying off workers.