Filed under: International Markets, Politics, Currency A weekend meeting of global finance ministers was sponsored by the International Monetary Fund to deal with the growing currency imbalances in world economies. The two big players — the U.S. and China — instead of reaching a consensus, ended farther apart with each side digging in and pushing [...]
about 11 minutes ago - No commentsThe markets are fractionally positive today as the bond market, banks and schools are all closed in observance of Columbus Day. The reason the bond market, banks and schools are mentioned is because that creates an environment where volume will be light. This helps the markets stay flat to positive regardless of other factors. The [...]
about 39 minutes ago - No commentsIn spite of ongoing currency wars, there are no surprises to report from G-20 participants at the IMF’s annual meeting. Indeed, I cannot recall ever being surprised by major agreements at any IMF or G-Whatever meeting. Year in and year out the achievement is the same, a pledge to cooperate more. This year we see [...]
about 47 minutes ago - No commentsGlobal governments tasked the International Monetary Fund with calming the recent outbreak of tensions over currencies amid signs they are already triggering a protectionist backlash. Officials including U.S. Treasury Secretary Timothy F. Geithner and Egyptian Finance Minister Youssef Boutros-Ghali said the lender should outline how countries can expand their economies without damaging those of other [...]
about 47 minutes ago - No commentsOct. 11 (Bloomberg) — Eswar Prasad, a senior fellow at the Brookings Institution and a professor at Cornell University, talks with about China’s currency policy, U.S.-China trade relations and the International Monetary Fund’s annual meeting in Washington this past weekend. Prasad speaks with Erik Schatzker on Bloomberg Television’s “InsideTrack.” (Source: Bloomberg) @import ‘http://heyzap.com/elightbox/lightbox.external.css’; var heyzap_link [...]
about 2 hours ago - No commentsThe dollar fell against the euro and yen on Monday after the world’s top finance officials failed to reach a consensus on measures to head off what some see as a looming “currency war”, analysts said. The euro reached 1.40 dollars, while the US unit hit a fresh 15-year low against the yen amid growing [...]
about 7 hours ago - No commentsIt’s boom time in Asia, only Premal Udani, who runs an Indian apparel exporting company, says he has little to show for it. A surging tide of foreign cash has helped drive stocks in Indonesia and the Philippines to record highs, while India‘s market has been flirting with a lifetime peak, but as Udani — [...]
about 8 hours ago - No commentsIn spite of ongoing currency wars, there are no surprises to report from G-20 participants at the IMF’s annual meeting. Indeed, I cannot recall ever being surprised by major agreements at any IMF or G-Whatever meeting. Year in and year out the achievement is the same, a pledge to cooperate more. This year we see [...]
about 19 hours ago - No commentsWASHINGTON (Reuters) – The International Monetary Fund said on Sunday that bailout loans to Greece could be stretched out or replaced if refinancing worries lingered in markets, but it currently has no concrete plans to do so. Earlier in the day, a top European Central Bank official had said the IMF was considering whether to [...]
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