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    Oil price concerns and comments from Janet Yellen spook markets again

    World markets slump on global economy fears

    18.52 Shares on European stock exchanges fell again today over oil price concerns and after US Federal Reserve boss Janet Yellen raised concerns about the global economy.

    US crude was down 60 cents, or 2%, at $26.85 per barrel by 5.23pm Irish time

    US oil prices fell for a six straight day

    19.03 US oil prices fell for a six straight day today, approaching 12-year lows hit last month, weighed by brimming crude inventories and a Goldman Sachs forecast that prices would remain low and volatile until the second half of the year.

    Christine Lagarde officially entered her nomination for a second term as IMF chief on January 22

    Lagarde set for second term as IMF chief

    15.30 IMF chief Christine Lagarde became assured today of a second five year term at the Fund after the global financial institution announced there were no other candidates for the position.

    Sweden's Riksbank first moved its key rate into negative territory last February (pic - credit Riksbank)

    Sweden's central bank cuts rates again

    10.17 Sweden's central bank cut its benchmark rate by more than expected today and said it was ready to do more to push up sluggish inflation amid worries about global growth.

    €500 bills account for just 3% of the total number of banknotes in circulation in the euro zone

    ECB to decide soon on fate of €500 banknotes

    21.25 The European Central Bank will take a decision soon on whether to keep printing €500 banknotes, with the arguments for doing so becoming "less and less convincing", a top-ranking official said.

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