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Exclusive: China plans bond overhaul to fund $6 trillion urbanization - sources

China plans major bond market reform to raise the money the ruling Communist Party needs for a 40 trillion yuan ($6.4 trillion) urbanization program to buoy economic growth and close a chasm between the country's urban rich and rural poor.

Cuba to lay off 500,000, allow more private jobs

Cuban announced today it's laying off at least half a million state workers and allowing more private sector jobs as the communist nation's economy struggles to recover.

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