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China’s Yuan ranks among top five world payment currencies
China’s yuan has moved into the ranks of the top five world payment currency in November, with the value of cross-border deals settled in …
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IMF pushes China to introduce essential reforms as it cuts growth outlook
It may come as no surprise that the IMF decided to downgrade its growth outlook for China. The revision was driven by weak global economic conditions and unsatisfactory results recorded in China as well. Indeed, the IMF is concerned about the economic recovery in China and it believes that the country’s authorities should introduce essential reforms aimed at bringing a sustainable recovery.
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IMF has few words of advice for Asia economies
The International Monetary Fund believes that the Asia’s economy is to witness strong growth in 2013 due to healthy domestic demand. Yet the IMF has a few words of advice for Asia’s economies as regional leaders need to pay more attention to possible risks, including asset bubbles. But that is not the last of the IMF’s warnings as the organization also has urged Asia’s economies to improve public institutions and rethink some of their policies regarding health and education as well.
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Eurozone Debt Crisis Worries Mount amid Fresh Fears of Greece Default
When the European Union and the International Monetary Fund agreed in July to provide a second bailout for Greece, this debt-ridden Euro nation, as well …
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EU fails to arrive at decision on bail-out to avert Greek Bankruptcy
“Convince Us First” Say European Governments Finance Ministers Seven arduous hours of talks in Luxembourg resulted in a worrisome situation, with finance ministers of …
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What will IMF chief Strauss-Kahn’s arrest mean for Eurozone aid?
The arrest on Saturday of IMF chief, Dominique Strauss-Kahn, has sparked off intense speculation as to how much this incident will affect the scale …
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Euro, European Markets fall on fears of Greece Ditching the Euro
The Euro and European Markets dropped to new lows amid fresh concerns over Greece’s persistent debt issues, related worries regarding an impending financial recession …
