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Davos 2013 Headlines

Wall Street executives fret about talent drain

As the titans of Wall Street banks gathered to network, gossip and consider the future of their beleaguered industry in Davos over the past week, one common worry emerged: who is going to take over when we leave?

Japan defends stimulus, yen policy under fire

Japan's economy minister rejected criticism on Saturday that his country's extraordinary fiscal and monetary stimulus program was aimed at weakening the yen and undermined central bank independence.

Monti needs to go beyond Davos crowd to conquer Italy

Mario Monti was preaching to the converted at an annual meeting of elite bankers and policymakers in Davos, but he must woo austerity-hit Italians and fend off a populist offensive to have similar success at national elections next month.

IMF urges mid-term plan for Japan debt reduction

The head of the International Monetary Fund called on Saturday for Japan to put forward a medium-term plan to reduce its public debt after this week's bold monetary and fiscal stimulus measures.

Bankers, policymakers say Europe's crisis not over

International bankers and finance ministers warned on Saturday that Europe's crisis was not over even though the euro currency is now stabilized, it will take years to overcome economic malaise and mass unemployment in Europe.


Trump seeks to slash government spending in budget plan

WASHINGTON The White House on Tuesday will ask Republicans who control the U.S. Congress - and federal purse strings - to slash spending on healthcare and food assistance programs for the poor as they push ahead on plans to cut taxes and trim the deficit.