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ROME (Reuters) - Italian President-elect Giorgio Napolitano will be sworn in before parliament as the country's first ex-communist head of state on Monday, starting a busy week in politics which will also bring a new prime minister.
CHINA, which raised benchmark bank lending rates for the first time in 18 months on Thursday, has prompted sky-high world oil and commodity prices and some major stock markets to make a U-turn.
TOKYO: For five years, the Bank of Japan has kept interest rates at zero and flooded the banking system with trillions of yen -- all to encourage lending and spur a recovery in this long-stagnant economy.
LONDON: A leading British forecasting group presented a gloomy outlook for global growth Friday, warning that the euro area remains weak while the economic outlook for the United States has deteriorated.
South Korea's central bank unexpectedly raised its benchmark interest rate, the second increase in three months, to prevent inflation accelerating.