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DEVELOPING: 30% of Chinese Dollar Reserves Estimated to be Counterfeit. North Korean Connection Eyed.

Fed holds emergency session in response to the revelation that 30% of China's reserves are counterfeit. read more »
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Moody's Downgrades U.K. Debt Rating

U.K. debt rating is downgraded as world financial markets thrown into confusion. read more »
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Europrean Monetary Union Breaks Up

As countries announce their defection from the European monetary union, the end of the euro appears eminent. read more »
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