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U.S. markets recover from steep losses
ROME, June 17 (UPI) -- Italian Secretary-General of the Foreign Ministry Giampiero Massolo said Group of Eight nations were ready to adopt new international finance regulations.
Economic Minister Giulio Tremonti's proposals that "initially spurred skepticism" are now "widely shared," Massolo said, the Italian news agency ANSA reported Wednesday.
The United States may be a temporary holdout on the new standards, preferring to push adoption of the changes to the Group of 20 meeting in Pittsburgh set for Sept. 24-25, rather than next month's meeting of G8 countries in L'Aquila, Italy, ANSA said.
The G8 summit should also include discussions of how countries can safely retreat from monetary policies, such as stimulus spending, put in place to combat the current financial crisis, Bank of Italy Gov. Mario Draghi said.
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JAKARTA, May 24 (UPI) --
Indonesia needs to address loopholes in its moratorium on deforestation, Greenpeace said.
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LISLE, Ill., May 24 (UPI) --
A new special operations tactical vehicle has been unveiled by three U.S. companies.
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First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
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It is a whole new ball of wax in Europe these days.
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