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WASHINGTON - The International Monetary Fund (IMF) has agreed to grant a $685 million (£395 million) loan for the process of rebuilding of Iraq. This loan will go towards helping the Iraqi economy recover over the next 15 months.

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LONDON - Provident Financial, the owner of Yes Car Credit has said that it will be closing the business sine it was no longer viable. Talks of finding a possible buyer collapsed last week and Provident said that there was no business sense in continuing to back the company.

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LONDON - British Gas engineers came closer to a strike action on Monday after talks have broken down. And if there is no solution to this problem, the GMB union could have more strikes in the lead up to the holiday season.

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LONDON - The Bank of England today elected to keep the interest rates on hold at 4.5 percent. Even though this move was largely expected, analysts are still skeptical about which way the Bank is going to move in Future.

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