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Institute of International Finance urges transforming International Monetary Fund and criticises vagueness in G20 summit commitments.

Gordon Brown moved yesterday to restore his severely damaged moral authority by demanding that all political special advisers in Whitehall be summarily dismissed if they are found to be involved in sending out inappropriate material or personal attacks. He acted after his closest political aide, Damian McBride, was forced to resign at the weekend after it was revealed he was plotting a smear campaign against David Cameron and three other leading Tories. Brown also disclosed that he was writing privately to those targeted by his aide expressing his regret.But his spokesman stressed Brown is not offering any personal apology since he was not aware of McBride's plans.In the most strongly worded condemnation yet of the episode by a senior Labour figure, health secretary Alan Johnson said the McBride smears, contained in an email sent to Labour blogger Derek Draper, brought 'shame' on Labour. 'I am surprised and I am shocked and I am disgusted,' he said. 'They were cruel apart from anythin

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Renovations to five Seattle fire stations would be postponed and parks maintenance would by reduced by $2.4 million under a proposed series of cuts the city of Seattle finance department outlined to the Seattle City Council on Monday.

By CANDICE CHOIAP PERSONAL FINANCE WRITER NEW YORK -- It's welcome relief for homeowners struggling with mortgage payments. The new federal program to let people refinance or modify their mortgage...

Tech Mahindra, a medium-sized operator controlled by India's Mahindra & Mahindra industrial conglomerate and partly owned by British Telecom, is bullish about its finance needs, saying its bankers have fixed up financing and it will not need to borrow against Satyam's balance sheet

Treasury Secretary Tim Geithner will host a meeting of international finance ministers next week, the Treasury Department said Monday.

CHICAGO, April 13 (Reuters) - The sale of the Chicago Cubsbaseball team could drag on past May as the Ricketts familyarranges financing for its $900 million bid and works for MajorLeague Baseball's approval.

If you are a savvy taxpayer, you do all you can to learn what might trigger an IRS review of your return. Since the agency handles more than 137 million returns each year, the chances that it will pick you out at random for scrutiny are mighty small. But certain items draw more interest than others, so it pays to know what they are.

NEW YORK (Reuters) - In a move to ensure that all of jailed swindler Bernard Madoff's personal wealth is used to pay his defrauded customers, some investors filed court papers on Monday to force him i...