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Global News
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Thursday, 14 July 2011 16:20 |
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Xinhua, WASHINGTON -- The International Monetary Fund (IMF) announced Tuesday that its Managing Director Christine Lagarde has proposed the appointment of Zhu Min, currently Special Advisor to the Managing Director, to the position of IMF's Deputy Managing Director. Lagarde also proposed the appointment of David Lipton, a White House aide, to the position of IMF's First Deputy Managing Director to succeed John Lipsky, whose term ends on August 31, 2011. Zhu last year joined the IMF as a Special Advisor to the Managing Director from the People's Bank of China (PBOC), China's central bank. Lagarde has proposed that Zhu assume his duties in the newly created Deputy Managing Director position on July 26, 2011, working with the other three Deputy Managing Directors in support of the Managing Director. Zhu has “a wealth of experience in government, international policy making and financial markets, strong managerial and communication skills as well as an institutional understanding of the Fund, and I look forward to his counsel,” Lagarde said in a statement.
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Global News
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Thursday, 14 July 2011 14:39 |
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AP, MUMBAI -- Three coordinated bombings tore through the heart of India's busy financial capital during rush hour Wednesday, killing 21 people and wounding 141 in the worst terror attack in the country since the 2008 Mumbai siege.
Bloody bodies were strewn in the dirt of Mumbai's crowded neighborhoods and markets. Doors were ripped off storefronts, motorcycles were charred and a bus stop was shredded. After the blasts in three separate neighborhoods, police set up checkpoints and were put on high alert.
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Global News
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Thursday, 14 July 2011 14:37 |
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Edited from China Daily, BEIJING -- China will surpass the U.S. as the largest economy in one to two decades, predicted a Chinese economist at a world economic congress Wednesday in Beijing.
Qian Yingyi, a well-known economist in China and dean of the School of Economics and Management (SEM) of Tsinghua University, said China would become the world’s largest economy “almost surely before 2020 in terms of purchasing power parity (PPP).”
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Thursday, 07 July 2011 13:58 |
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Xinhua, BANGKOK -- The result of the Sunday's general election showed that Thailand's opposition Pheu Thai Party Pheu won a majority of the 500 House of Representative seats and the mandate to form the next government. Its top party-list candidate Yingluck Shinawatra is set to become the country's first female prime minister. Yingluck Shinawatra, who was born in northern Chiangmai province of Thailand on June 27, 1967, is the ninth child in a political family. She is also the youngest sister of the ousted ex- premier Thaksin Shinawatra. She is married to businessman Anusorn Amornchat and has a son.
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Global News
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Thursday, 07 July 2011 13:54 |
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AP, DURBAN, South Africa -- The victory margin was massive and the message loud and clear: Persistence paid off for South Korea in its third consecutive bid for the Winter Olympics. After two stinging defeats in a decade of trying, the South Korean city of Pyeongchang finally won its Olympic prize Wednesday, burying two European rivals in a landslide vote for the 2018 Winter Games and bringing them back to the lucrative Asian market.
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