Report sees emerging markets leading global growth

World Bank cuts 2009 global growth forecast
The World Bank has cut its 2009 global growth forecast, saying the world economy will shrink by 2.9 percent and warning about a drop in investment in developing countries.

World Bank cuts 2009 global growth forecast
The World Bank has cut its 2009 global growth forecast, saying the world economy will shrink by 2.9 percent and warning that a drop in investment in developing countries will increase poverty.

Tax changes send Diageo H1 profit down 20 pct
A one-time tax hit sent profits at drinks company Diageo PLC's down 20 percent in the last six months of 2011, despite rising income following a strong performance in emerging markets.

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