IMF: nations must do more to aid banks facing $4.1 trillion in losses or crisis will worsen

WASHINGTON — Losses at financial institutions could approach $4.1 trillion worldwide, the International Monetary Fund said Tuesday as it urged countries to take bolder action to bolster banks or risk an even deeper recession.

China’s premier says stimulus working, Chinese economy is better than expected

China’s premier says economy better than expected

BOAO, China — China’s Premier Wen Jiabao said Saturday that the country’s stimulus package is working and the economy is “better than expected.”

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