NEW YORK (AP) — It looks like the U.S. billionaire’s club isn’t quite as exclusive as it once was.
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TOKYO (Dow Jones)—The International Monetary Fund is pushing for larger financial contributions from Asian member-nations and bigger numbers of Asian employees to properly reflect the region’s evolving role in the global economy, an official said Friday.
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SINGAPORE, Sept. 24 (Reuters) — Crude oil prices hovered near record levels on Friday, weighing on most major Asian stock markets, while a troubling measure of Japan’s consumer spending compounded downward pressure on Tokyo stocks.
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Seven years after the Asian crisis, the region’s central banks now hold more foreign exchange reserves than is necessary and should consider putting them to more productive use, the Asian Development Bank chief economist said.
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