Search Results for: International Monetary Fund
Global growth will be disappointing in 2016: IMF’s Lagarde
December 30th, 2015
Global economic growth will be disappointing next year and the outlook for the medium-term has also deteriorated, the head of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director ...
The 25 financial events that shaped the year 2015
December 30th, 2015
As we are close to move from year 2015 to year 2016, OneStopBrokers has collected and presents the major Financial events happened in 2015. 2015 was a year that the Eurozone was almost collapsed. We all witnessed a possible ...
China suspends forex business for some foreign banks: sources
December 30th, 2015
China’s central bank has suspended at least three foreign banks from conducting some foreign exchange business until the end of March, three sources who had seen the suspension notices told Reuters on Wednesday. Included among the suspended services are ...
Saudi Arabia reveals cuts plan to shrink $98bn budget deficit
December 29th, 2015
Sparked by plunging oil prices, the 2016 budget marks biggest shakeup in years and includes politically sensitive reforms Saudi Arabia has announced plans to cut government spending and reform its finances after plunging oil prices resulted in a record annual ...
After jumping over one hurdle, Greece now faces the pension reform. Will 2016 bring new troubles?
December 21st, 2015
Don’t look now, but 2016 may bring a host of new troubles for Greece, which just last week barely overcame a dispute with its international creditors. Struggling to meet the demands of its bailout terms, the Hellenic Republic was ...
IMF Managing Director Christine Lagarde Welcomes U.S. Congressional Approval of the 2010 Quota and Governance Reforms
December 21st, 2015
Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), today welcomed the adoption of legislation by the U.S. Congress to authorize the 2010 Quota and Governance Reforms. “The United States Congress approval of these reforms is a ...
IMF head Lagarde to face French trial over Tapie affair
December 18th, 2015
Christine Lagarde accused of negligence over €400m payout to businessman Bernard Tapie, who supported Nicolas Sarkozy in 2007 presidential race. Christine Lagarde, managing director of the International Monetary Fund, is tostand trial in France over a multimillion-euro government payment to ...
Saudi Arabia Spends Billions to Get Asia Hooked on Its Crude Oil
December 17th, 2015
At the heart of Korea’s Onsan Refinery lies a street called “A.I. Naimi Road,” an homage to Saudi Arabia’s oil minister. The reason: state-owned Saudi Arabian Oil Co. holds a 65 percent stake in the complex. Taking a controlling ...
Yuan in Biggest Weekly Drop Since Devaluation as PBOC Eases Grip
December 11th, 2015
Central bank may enter market again after Fed decision: OCBC Yuan weakness trend is inevitable, according to Commerzbank The yuan recorded its biggest weekly drop since an August devaluation on speculation China’s central bank is taking advantage of a stronger ...
Vladimir Putin orders a $3 billion lawsuit against Ukraine
December 10th, 2015
Russian President Vladimir Putin has ordered Finance Minister Anton Siluanov to file a lawsuit against Ukraine if Kiev fails to repay Russia’s $3 billion Eurobond loan by the December 20 deadline. Putin’s order followed the Finance Minister’s Wednesday report ...
