(Update1) Greece needs an International
Monetary Fund program and further spending cuts to allay
investor concerns about its debt load and contagion in other
European markets, said Roubini Global Economics’ Arnab Das.
Adding pressure on China over its currency policy the IMF said a stronger yuan would boost China's economy but the Asian power showed no sign of heeding a growing clamour to budge on its rigid exchange rate.
(Update1) Ukrainians are voting for a new
president to steer the country of recession, unfreeze a $16.4
billion International Monetary Fund loan and forge deeper trade
ties with the European Union.
Finance ministers from the world's most advanced nations have begun to coalesce around the idea of imposing levies on banks to help insure the global economy against future financial crises, officials said at the end of a G7 meeting
EVEN as the European Union and the International Monetary Fund (IMF) lay the groundwork for a giant first-round bailout, debate is swirling about whether Greece can avoid sovereign default.
(Update1) Investor Peter Reichel says it
doesn’t matter whether Yulia Timoshenko or Viktor Yanukovych
wins Ukraine’s presidential election on Feb. 7. Ukraine, he
says, just needs to become governable.
India can gradually start raising interest rates as Asia’s third-largest economy is among the first to recover after the global financial crisis, the International Monetary Fund said.
Robinson argues that there is a feeling among central banks across the world that India paid a little too high price to buy the IMF gold and thereby put them in troubles. No central bank wanted to touch IMF gold above $1 000 per ounce. So now...
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