Search Results for: World Bank
India has forex reserves to stabilise currency volatility: RBI
August 24th, 2015
Forex reserves of around $380 billion would be used if needed to subdue the volatility in the currency market, said RBI Governor On a day when the rupee and stock market went down Reserve Bank of India (RBI) Governor Raghuram Rajan said on ...
Brent Crude Falls Below $45 for First Time Since 2009 on Surplus
August 24th, 2015
Oil in London slid below $45 a barrel for the first time since March 2009 on concerns Chinese demand is slowing just as supplies from the U.S. and Iran threaten to swell a global surplus. Brent futures fell as ...
China’s Stocks Sink Most Since 2007 as State Intervention Fails
August 24th, 2015
China’s stocks plunged the most since 2007 as government support measures failed to allay investor concern that a slowdown in the world’s second-largest economy is deepening. The Shanghai Composite Index tumbled 8.5 percent to 3,209.91 at the close to ...
Oil Price Collapse Triggers Currency Crisis In Emerging Markets
August 24th, 2015
Emerging market currencies are getting slammed by the collapse in commodity prices, a downturn that has accelerated in recent weeks. The health of many middle-income and emerging market economies has been predicated on relatively strong commodity prices. A whole ...
Global Selloff Deepens as Stocks Sink With Oil
August 24th, 2015
Equity investors took flight across Asia, sending the region’s benchmark stock gauge toward a bear market and Chinese stocks plunging by the most since 2007 as U.S. futures tumbled. Ten-year Treasury yields dropped below 2 percent. China’s Shanghai Composite ...
China chooses her weapons
August 22nd, 2015
China’s recent mini-devaluations had less to do with her mounting economic challenges, and more to do with a statement from the IMF on 4 August, that it was proposing to defer the decision to include the yuan in the ...
China Shares Hit New Low Since Depth of Selloff
August 21st, 2015
Early gauge of China’s factory activity falls to multiyear low China’s stock market set a new low since the depths of the summer selloff that wiped out roughly a third of its value, despite massive intervention from Beijing. The ...
Electronic Payments Remain Top Priority for Global Companies in Digital, Mobile Age
August 20th, 2015
While companies around the world are taking note of the growing emergence of mobile and digital payment applications, many treasury departments still grapple with the continued existence and enormous cost of paper payments. Clients at the Bank of America ...
Rollout of 1,000 Bitcoin ATMs planned for Greece as interest in cryptocurrency surges
August 20th, 2015
Greece is to receive 1,000 Bitcoin ATMs following a partnership between digital currency exchange BTCGreece and cryptocurrency service provider Cubits, according to reports. The installation of the ATMs, which allow users to exchange cash for bitcoins, reflects the growing ...
Russia, China to Create Entirely Different Gold Market
August 20th, 2015
While key Western banks are artificially restraining gold prices to breathe life into the diluted and devalued dollar system, Russia, China and other emerging economies are involved in “the genial move” to establish an entirely different gold market, F. ...
