Eastern Europe News
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Russia’s central bank left borrowing costs unchanged to keep a lid on inflation by containing domestic credit growth after cutting lending rates for the first time in 15 months in September.
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European officials are studying the idea of an International Monetary Fund channel for money for their enlarged rescue fund, as China said it needed more detail on any potential plan before deciding whether to contribute.
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Oil fell in New York, paring its biggest weekly gain since March, as a drop in Japanese industrial output prompted traders to lock in profits from yesterday’s price surge.
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Emerging-market equity funds reported a second week of inflows, as investors became more optimistic about a solution to the European debt crisis, according to Citigroup Inc.