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US resists IMF funding boost

Bloomberg The US is opposing an increase to the IMF’s permanent capital levels, President Donald Trump’s latest snub of multilateral organisations as he pursues his “America First” foreign policy. The International Monetary Fund is examining its capital levels under a regularly scheduled review. The Washington-based fund is mostly financed by shares, known as quotas, paid by its 189 member nations. ...

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American farm sector pushes for agriculture to be part of EU talks

Bloomberg US farmers and ranchers want the Trump administration to include agriculture in trade talks with the European Union, an approach officials in Brussels are reluctant to take. President Donald Trump notified Congress in October that his administration plans to negotiate trade pacts with the EU starting as early as mid-January, as well as hold talks for separate deals with ...

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GAM to post $931mn loss, cut jobs

Bloomberg GAM Holding AG forecast a large loss, scrapped its dividend and plans to eliminate 10 percent of jobs as the firm struggles to contain a scandal prompted by the suspension of a star fund manager. Shares of the Swiss asset manager fell as much as 17 percent after the company outlined a 925 million-franc ($931 million) loss for the ...

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