Search Results for: International Monetary Fund
Greece Gets Aid Infusion as EU Counts on Tsipras for Reforms
November 25th, 2015
ESM approves payment of 2 billion euros after milestones met EU’s Dombrovskis says bank decisions due within weeks Greece unlocked more of its rescue funds as the euro area called on Prime Minister Alexis Tsipras to maintain his nation’s ...
After Grexit and Brexit, now is Fixit? a Finnish exit of the single currency
November 19th, 2015
A ‘Fixit’? Finland to debate leaving the euro zone We’ve heard of a “Grexit” and “Brexit” to refer respectively to the threat of Greece and Britain leaving the euro zone and European Union. But now there’s a “Fixit” – ...
RBI’s Defence of Rupee Depletes Forex by USD 1.90 Billion
November 16th, 2015
The central bank’s attempts to arrest the fall in the rupee’s value due to domestic political uncertainty and a strengthening US dollar drained $1.90 billion from India’s foreign exchange (Forex) kitty, experts said on Saturday. Overall, the Forex reserves ...
China allows direct trade of yuan with Swiss franc
November 10th, 2015
Move part of Beijing’s strategy to promote RMB as a global reserve currency alongside the dollar China‘s national foreign exchange market will introduce direct trading of the Swiss franc, the operator said on Monday, as the country pushes greater ...
Greece, Creditors Said to Need a Few More Days to Reach Aid Pact
November 9th, 2015
Update: Greece and its European Union creditors need a few more days to reach an agreement that would release an aid payment of 2 billion euros ($2.2 billion), according to an EU official with knowledge of the talks. The ...
IMF’s Lagarde Discusses Economic Challenges with GCC Countries
November 9th, 2015
Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today at the conclusion of a meeting in Qatar with the finance ministers and central bank governors of the Gulf Cooperation Council (GCC)1 : “I ...
Egypt can’t rely on cash-strapped Saudi Arabia
November 5th, 2015
Egypt is running low on cash. And this time, oil-rich friends like Saudi Arabia may not be able to come to its rescue. Egypt‘s lack of cash is threatening its ability to mount an economic comeback from the turmoil ...
US Presses Europe to Take Steps to Reduce Greece’s Debt: Investors need confidence
November 5th, 2015
Investors need confidence Greece’s debt is sustainable Servicing obligations are only part of the equation, U.S. says The U.S. is pressing euro-area countries to agree to an overhaul of Greece’s debt to give private-sector investors confidence that the nation’s ...
China raises central rate for yuan by largest amount in a decade
November 2nd, 2015
China raised the central parity rate of the yuan by 341 basis points to 6.3154 against the US dollar on Monday (2 November), the largest amount by far on a single day in a decade. The move comes at ...
Scariest Events from the Financial World: 2000 to Present
October 30th, 2015
It’s no secret that the global financial markets offers a ton of opportunity, but can be equally as scary. There are so many factors at play in the free flow of trillions of dollars each day that it’s ...
