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IMF cuts 2015 global growth forecasts again

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The International Monetary Fund (IMF) has trimmed its expected global growth forecasts for 2015 again and has warned that downside risks to the global economy appear "more pronounced."

Ex-UBS manager avoids jail

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A former Swiss banker who pleaded guilty to aiding Americans hide money from U.S. tax authorities was sentenced to five years probation and fined $150,000 in a West Palm Beach federal court on Monday, his lawyer said.

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