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Time running out on Greek debt talks, says top EU official

Greece is not moving fast enough to draw up and implement structural reforms and there is limited time to prevent it running out of cash, European Commission Vice President Valdis Dombrovskis said on Monday. Time is running out,” Dombrovskis told Reuters in an interview. A meeting of deputy finance ministers — called the Euro Working Group — on Thursday gave Athens a deadline of six working days to present a

China Growth Last Quarter Seen Worst Since Global Recession

For Zhu Zhangjin, the boss of a furniture factory in eastern China, the cost of finance is still one of the “mountains” weighing on his business’s profitability. Borrowing costs are the “highest among all major economies,” said Zhu, chairman of Zhejiang province-based Kasen International Holdings Ltd., naming rising labor expenses and tax rates as other headaches. Zhu’s company, which employs about 5,000 people and exports sofas and car seats to