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The Next Eleven (N-11) is a group of emerging countries with the potential to rival the G8. This group consists of Bangladesh, Egypt, Indonesia, Iran, Korea, Mexico, Nigeria, Pakistan, Philippines, Turkey and Vietnam.

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There is an eerie sensation for the initial evening of trading after the G20 summit. The Nikkei markets are up, but the yen is rapidly losing steam, and is close to dropping below 81 on the yen/usd index.

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