Eswar Prasad
End of cash ‘is a near reality in many countries’
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US, China seek to cool tensions at APEC summit
The United States and China are the two global economic heavyweights. Combined, they produce more than 40 percent of the world's goods and services.
So when Washington and Beijing do economic battle, as they have for five years running, the rest of the world suffers, too.
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Soaring U.S. dollar spreads pain worldwide
The cost of living in Cairo has soared so much that security guard Mustafa Gamal had to send his wife and year-old daughter to live with his parents in a village 70 miles south of the Egyptian capital to save money.
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China unseats EU as world's largest banking system
New analysis by the Financial Times shows China's banking system has overtaken the eurozone to become the world's biggest by assets. The status reflects the country's increasing global influence and its reliance on growth driven by debt.
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