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'Massive' Deficit Cuts Hurt Growth: IMF's Lagarde

Christine Lagarde

Global central banks have been the only way to promote growth and more needs to be done, but additional U.S. deficit reduction needs to be restrained, the IMF's Christine Lagarde told CNBC's "Closing Bell" on Wednesday.

BP Faces Pay Row at AGM

Pile Of Coins

BP is braced for criticism from shareholders at its annual general meeting on Thursday over its executive pay regime and failure to obtain consent for dividend payments.

Goldman's Discount Fortune

Lloyd Fonzie Blankfein

Goldman Sachs has likely generated around $1.2bn of revenue over six years from its dealings with discount retailer Dollar General Corp, a Reuters review shows.




Pimco ETF outflows doubled ahead of SEC warning

Investors pulled over $150 million from Pimco's Total Return exchange traded fund in the months leading up to this week's Securities Exchange Commission (SEC) warning of the threat of legal action, new data shows.