Search Results for: economy
China’s yuan ‘no longer undervalued’: IMF
May 27th, 2015
For years, China has been criticized for keeping its currency from strengthening too much against the dollar. But those days may be over — the International Monetary Fund has declared that the yuan is “no longer undervalued.” “Appreciation over ...
China stocks mixed ahead of global index inclusion, IPOs; Hong Kong down
May 27th, 2015
* CSI300 -0.5 pct; SSEC +0.2 pct; HSI -0.6 pct * Limited impact seen in FTSE’s moves to include A shares * Wave of IPOs next week could freeze 5 trln yuan -analysts China stocks ended Wednesday morning mixed as the ...
FTSE starts transition to include China A Shares in global benchmarks
May 26th, 2015
FTSE announces transition to include China A Shares in global indexes Two new transitional emerging markets indexes launched Approximately 5% initial A Shares weighting in the FTSE Emerging inclusion indexes, rising to 32% when China A Shares become fully ...
Varoufakis says Greece committed to reforms, rules out more austerity
May 26th, 2015
Greece is committed to liberalizing its economy, reforming its pension system and running a reasonable primary budget surplus, Finance Minister Yanis Varoufakis wrote on Tuesday. But it cannot meet requests from its creditors to adopt further austerity measures this ...
Bank of Israel leaves June interest rate unchanged
May 26th, 2015
The Bank of Israel has left the rate unchanged at an historic low of 0.1% for the third consecutive month. The Bank of Israel Monetary Committee headed by Governor Dr. Karnit Flug has kept the interest rate for June unchanged at ...
Emirates Global Aluminium to spend $5bn boosting capacity
May 26th, 2015
State-owned Emirates Global Aluminium (EGA) is spending US$5.2 billion to boost capacity at its smelter in Dubai and build an alumina refinery in Abu Dhabi, a company executive said yesterday. EGA, the world’s fifth-largest aluminium producer, was formed last ...
Debt talks resume amid concerns over differences, looming repayment, political upheaval
May 26th, 2015
Government officials on Monday expressed confidence that Greece was close to a deal with creditors that would allow loans to be unlocked but pressure is growing on Prime Minister Alexis Tsipras from abroad and on the domestic front. The ...
G7 finance ministers to discuss recent forex moves – Canada
May 26th, 2015
Finance ministers and central bankers from the Group of Seven industrialized nations will discuss recent foreign exchange movements when they meet in Germany this week, a senior Canadian official said on Monday. The official also told reporters that foreign ...
Asian shares turn higher as China rallies, dollar up
May 26th, 2015
Asian shares turned higher on Tuesday, reversing earlier losses on the back of gains in Hong Kong and China, while the dollar extended highs scaled in holiday-thinned trading in the previous session. European shares marked a weak finish in ...
It Is Mathematically Impossible To Pay Off All Of Our Debt
May 25th, 2015
Did you know that if you took every single penny away from everyone in the United States that it still would not be enough to pay off the national debt? Today, the debt of the federal government exceeds $145,000 ...
