Topic: Central Banking
'IMF' for Europe should carry high price: German minister
AFP Global Edition
German Finance Minister Wolfgang Schaeuble again voiced support on Friday for the idea of a European monetary fund (EMF) to help eurozone nations in crisis, but stressed that any aid would have to come with draconian penalties. "Strict conditions and a prohibitive price tag must be attached so that aid ...
India's industrial output grows 16.7 percent
AFP South Asian Edition
India's industrial output rose 16.7 percent in January, official data showed Friday, raising the chances of a hike in interest rates next month as Asia's third-largest economy surges ahead. The rate of growth was down slightly from the revised record level of 17.6 percent in December ...
Leave yuan to us, China tells Obama
Reuters US Online Report Top News
BEIJING (Reuters) - The United States should not make a political issue out of the yuan, a Chinese central banker said on Friday, as the two countries lurched toward a potential bust-up over Beijing's currency regime. The latest rhetorical salvoes underlined how long-running friction caused by the yuan's de ...
Competition for the IMF's gold?
Stockhouse
Isn’t a far-fetched ideaOn February 24, Reuters reported that the Reserve Bank of India was “set to be a buyer” of the 191.3 tonnes (6.74 million ounces) of gold the IMF is selling. Although the bank wouldn’t comment directly on the possibility, they did say, “We ...
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