SNAPSHOT - Financial Crisis - 1500 GMT


NEWS - The U.S. economy contracted at a surprisingly sharp 6.1 percent rate in the first quarter as exports and business inventories plummeted. - With some hints the U.S. economy's deep swoon is easing, Federal Reserve policy-makers are expected to hold off on new measures to flood the economy with money when they conclude a two-day meeting on Wednesday. A statement is due at around 1815 GMT after two-day policy meeting. - A baby in Texas has died of the H1N1 flu strain, the first ...

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