Search Results for: India
Financing IMF Transactions Quarterly Report
May 13th, 2015
IMF credit is extended to its members in both foreign exchange and SDRs. Credit extended in foreign exchange is financed from the quota resources made available to the IMF by members, and essentially involves a transfer of foreign exchange ...
IMF says China FX policy should continue to allow more flexibility
May 7th, 2015
China should allow greater flexibility in its exchange rate policy by reducing intervention, as part of its efforts to secure a gradual moderation in growth while pursuing economic reforms, the International Monetary Fund said on Thursday. “To help deliver ...
Yuan gains credibility as reserve currency
May 7th, 2015
France’s Credit Agricole Private Banking is advising its clients to add the Chinese yuan to their portfolios as the world’s second-largest economy looks to further liberalise its currency. High net worth individuals in the Arabian Gulf region should consider ...
Asian stocks at 2-week lows, bond woes spread, dollar slips
May 6th, 2015
Selloff in government bonds from Germany to Australia China stocks bounce after moderately encouraging PMI data Commodities rally in what might be a return to reflation Dollar softer on trade blow out, Fed’s Yellen speech awaited (.) A selloff in global ...
SpiderLogic and PKF Cooper Parry form Joint Venture
May 5th, 2015
Ground-breaking JV with leading American custom software provider Business advisory firm PKF Cooper Parry has formed a ground-breaking joint venture with leading American custom software provider SpiderLogic – enabling both firms to boost expertise and increase international reach. The move is ...
NBAD eyes up debt deals with export credit agencies as part of international expansion plan
May 4th, 2015
National Bank of Abu Dhabi (NBAD), the country’s biggest lender by assets, is keen to arrange debt for export credit agencies (ECAs) as part of plans to expand its loans portfolio. “I see an increasing role for export credit ...
Russia is creating a $100 billion rival to the IMF
May 4th, 2015
Russian President Vladimir Putin ratified an accord Saturday to set up a $100-billion reserve fund for the so-called BRICS — the five leading emerging economies that include Russia, China, Brazil, India and South Africa. Moscow is expected to contribute ...
Samsung Predicts Recovery After First-Quarter Earnings Drop 40%
April 29th, 2015
Samsung Electronics Co. expects earnings to recover in the second quarter as new Galaxy S6 smartphones lure back users and the component divisions win orders from rival vendors. Shares rose. Samsung on Wednesday predicted the revival after reporting a ...
Robocoin Debuts Romit Remittance Software
April 27th, 2015
Introducing Romit When Robocoin invented the world’s first Bitcoin ATM In October 2013, the company believed that blockchain technology would transform the remittance market. To that end, today the company is introducing Romit: the cheapest and fastest money-transfer in ...
Central Banks Will Be Busy This Week, But Their Ability To Boost Global Business Is In Doubt
April 27th, 2015
Most big central banks have been easing policy since the beginning of the year and are set to do more, but it still isn’t clear whether that new activism, which has pushed stock markets to record highs, will help ...
