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GUATEMALA CITY (AP) — Guatemalan President Otto Perez Molina resigned in the face of a corruption scandal that has brought his government to the brink, and arrived at court Thursday morning to hear the charges against him.
World finance ministers and central bankers gather in Turkey this weekend to grapple with the fallout of slowing growth in China, tanking emerging economies and panicked global stock markets. Signs that China's economy -- the world's second-largest -- is slowing more than expected have panicked stock markets, pushed commodity prices to fresh lows, sparked a rout in emerging market currencies and thrown into question a US interest rate rise previously expected in September. The potential chilling impact of a new cycle of US interest rate hikes fed uncertainty and concern ahead of the meeting of the Group of 20 top advanced and emerging economies.