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01.12.2008, 01:39

Russia drops anchor in US backyard

President Dmitry Medvedev has completed a four-nation tour of Latin America aimed at boosting trade and Russian influence in the region. He ended his trip with the words: “we are back in South America” – a region the U.S. has tradit

APEC leaders agree to reform World Bank and IMF

Published: 22 November, 2008, 22:15


APEC forum in Lima, Peru (AFP Photo / Oscar Farje)

World leaders attending the APEC summit in Peru have approved plans to reform the International Monetary Fund and the World Bank. They have also agreed on a one year-long moratorium on new barriers to world trade and investment. They are meeting to plan a

 
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