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Euro sceptic wins UK Conservative vote

UK - Iain Duncan Smith has been elected leader of the Conservative Party. He has beaten off the challenge of former cabinet minister Ken Clarke after a fiercely fought and at times bitterly divisive three month battle.

Yugoslavia outlines plans for euro swapover

YUGOSLAVIA - Yugoslavia's central bank said on 13 September it had ordered a euro equivalent of 540 million German marks from the Bundesbank in a first step to reshaping its forex reserves ahead of the launch of euro notes and coins.

IMF meeting 'to be called off'

WASHINGTON - The annual meetings of the International Monetary Fund and World Bank scheduled for the end of this month are almost certain to be postponed, the German finance ministry has said.

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