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  • WASHINGTON, April 18- The world has adjusted well to divergent growth and monetary policy expectations but the risk of a "sharp and disorderly reversal" in financial markets remains, Financial Stability Board Chairman Mark Carney said on Saturday. "The risk of a sharp and disorderly reversal remains, given compressed credit and liquidity risk premia," Carney,...

  • WASHINGTON, April 18- Beijing will accelerate reforms to the country's currency as part of a push for the yuan's inclusion in the International Monetary Fund's currency basket, China's central bank governor Zhou Xiaochuan said on Saturday. Winning approval for the yuan's inclusion in the IMF's currency basket could raise China's standing in the global...

  • AUSTIN, Texas— Blue Bell Creameries will survive the crisis caused by a recent recall of products prompted by a finding of bacterial contamination in some of its products, but it will take a lot of work and a lot of money, experts said. The U.S. Centers for Disease Control and Prevention reported earlier this month that three people in Texas had the same strain of...

  • Jamaica's government organizes trade mission to Cuba Saturday, 18 Apr 2015 | 3:05 PM ET

    KINGSTON, Jamaica— The Jamaican government is organizing a trade mission to Cuba with representatives from 18 private sector companies. He said Saturday he will be seeking new economic opportunities in Cuba. The announcement comes four months after the presidents of Cuba and the U.S. said they would move toward normalizing relations after a half-century of...

  • WASHINGTON, April 18- Japan's sovereign debt rating will come under downward pressure if its government falls behind on its goal of achieving a primary budget surplus in fiscal 2020, Tom Byrne, senior vice president of Moody's Investors Service, said on Saturday. Abe's decision prompted Moody's to cut Japan's sovereign debt rating by one notch to A1 in...

  • There's no better place for a Craigslist transaction than Los Lunas police headquarters. Los Lunas is joining the wave of police departments and sheriff's offices around the country that are establishing safe sites for such transactions. There have been robberies, carjackings and even killings that have stemmed from online classified listings in other...

  • WASHINGTON, April 18- The head of the International Monetary Fund said on Saturday that a new IMF support program for Ghana would likely unlock lending from other bilateral institutions. "It clearly will have a catalytic effect," IMF Managing Director Christine Lagarde told a news conference at the conclusion of a meeting of the IMF's steering committee.

  • FRANKFURT, April 18- Senior members of Volkswagen's supervisory board were prepared to demand Chairman Ferdinand Piech's resignation had he not agreed to a statement backing Chief Executive Martin Winterkorn, a German newspaper reported on Saturday. Reuters reported on Friday that Piech had been isolated at the Thursday meeting in Salzburg, with all five...

  • WASHINGTON, April 18- The International Monetary Fund warned in a communique on Saturday that while economic growth in developed countries had strengthened, some emerging nations were being hit by weaker commodity prices and exports. Those meetings conclude on Sunday and have taken place amid growing concerns cash-strapped Greece will fail to reach...

  • WASHINGTON, April 18- China does not want to bend the rules in its favor to include the yuan in the IMF's basket of major reserve currencies, the No. 2 official at the International Monetary Fund said. Beijing tightly controls the yuan's movements and has strong capital controls, but it is pushing for increased use of the currency for trade and investment as part of a...

  • WASHINGTON, April 18- The International Monetary Fund warned in a draft communique on Saturday that while economic growth in developed countries had strengthened, some emerging nations were being hit by weaker commodity prices and exports. With the United States poised to hike interest rates, the IMF member nations said it was essential that moves to "policy...

  • BERLIN, April 18- Thousands of people marched in Berlin, Munich and other German cities on Saturday in protest against a planned free trade deal between Europe and the United States that they fear will erode food, labour and environmental standards. Opposition to the Transatlantic Trade and Investment Partnership is particularly high in Germany, in part due to...

  • BAGHDAD, April 18- Iraqi forces retook most of the country's largest refinery from Islamic State on Saturday, officials said, reversing gains by the militants who seized parts of the sprawling complex in northern Iraq this week. A spokesman for the U.S.-led coalition fighting Islamic State said troops had recaptured all of Baiji refinery at 11:30 GMT, but...

  • WASHINGTON, April 18- The Bank of Canada's decision to hold interest rates steady last month, coming on the heels of rising oil prices, appears to have pushed hesitant foreign exchange traders to bid up the Canadian dollar, central bank Governor Stephen Poloz said. And the Canadian dollar usually responds and wasn't, "he told reporters late on Friday on the...

  • BMW recalling 91,800 Mini Coopers to fix air bag problem Saturday, 18 Apr 2015 | 11:52 AM ET

    BMW is recalling 91,800 Mini Coopers to fix a defect that may prevent the air bag on the front passenger side of the cars from deploying in a crash. The problem affects the 2005 to 2008 models of the Mini Cooper and Cooper S. BMW says the air bag may not work properly because of a flam that might prevent the vehicles' mat detection system from sensing a passenger...

  • MADRID— An investigation into an ex-minister and former International Monetary Fund chief over alleged fraud and money laundering is damaging Spain's ruling Popular Party, which faces a general election late this year, the prime minister said Saturday. Speaking at a hastily convened, unscheduled press conference in eastern Murcia, Mariano Rajoy...

  • Wells Fargo acknowledges it no longer has anything to do with the building, which was bought on April 7 by Florida developer Glenn Straub. "As a matter of public interest for the City of Atlantic City and the State of New Jersey, Wells Fargo is concerned that the impasse between ACR and Polo North is creating a potentially dangerous situation with respect to the...

  • In NYC, debate over saving small shops amid chains' rise Saturday, 18 Apr 2015 | 11:32 AM ET

    NEW YORK— New York is increasingly becoming chain store city. "To me, the streetscape of New York City is what sells New York City. "Yes, they go to Times Square, but then they get so excited when they go to Little Italy or Chinatown.... that's what makes New York."

  • MOSCOW/ BERLIN, April 18- Russia denied on Saturday a German media report suggesting that it could sign a gas pipeline deal with Greece as early as Tuesday which could bring up to five billion euros into Athens' depleted state coffers. During his visit to Moscow, Tsipras had expressed interest in participating in a pipeline that would bring Russian gas to Europe...

  • The payments range from more than $1 million to Springfield to $50,000 apiece to nearby Ludlow, Wilbraham, East Longmeadow and Holyoke. West Springfield, for example, is spending $665,000 from MGM Resorts International toward the reconstruction of Memorial Avenue, which will be a main access point to MGM's planned $800 million casino in nearby Springfield.