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October 27, 2008
Struggling world markets turn to IMF for help

On Monday, Ukraine’s government agreed to a set of conditions from the International Monetary Fund (IMF) in order to obtain a $16.5 billion loan. The IMF may help other emerging markets in coming weeks and months.

Several Asian markets suffered today: India’s main stock exchange was down more than two percent, China and Japan each lost more than 6 percent and Hong Kong’s exchange dropped almost 13 percent.

Mohannad Aama, the managing director of Beam Capital Management, speaks with Martin Savidge about the Japanese yen, the growing role of the IMF and the impact of the upcoming U.S. election on world markets.

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