13 February 2015 Is now the time to include the RMB in the SDR basket? As the next five-year review of the IMF’s international reserve asset approaches, reviewers should strongly consider the case for including the Chinese yuan in the basket. The Special Drawing Rights (SDR) is an international reserve asset used to supplement IMF

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As American Express courts ordinary spenders, rivals poach its wealthiest clients byElizabeth Dexheimer 6:00 AM EST February 12, 2015 Hedge-fund manager Whitney Tilson used his American Express card for three decades to buy groceries, trips to Europe and just about everything else. A few months ago, he switched. “I charge a lot of money on

(Bloomberg) — Central banks are now open all hours. Just as they worked weekends through the financial crisis, policy makers are again signaling they can strike at any time for the good of their economies. Spooked by the threat of deflation, Sweden’s Riksbank became the latest to put investors on alert when it said on

Morgan Stanley warns that the world is revisiting the “ghosts of the 1930s” as one country after another tries to steal a march on others by devaluing first…   By Ambrose Evans-Pritchard 4:58PM GMT 12 Feb 2015 417 Comments Sweden has cut interest rates below zero and launched quantitative easing to fight deflation, becoming the

(Bloomberg) — Central banks purchased enough gold in 2014 to buy 75 Boeing Co. Dreamliners. Governments added 477.2 metric tons to their reserves, the second-biggest increase in 50 years and 17 percent more than a year earlier, the World Gold Council said in a report Thursday. Based on the average price of gold in 2014,

  CBI Arabic Announcement Translated – “”To / banks authorized to exercise all banking CBI Arabic Announcement “To / banks authorized to exercise all banking – financial companies approved the conversion of all – all licensed exchange companies ( sale and purchase of foreign currency instructions)02/11/2015“ Directorate General of the banking and credit control Department

I have been working in the financial industry for over 10 years. I work for one of the big 5 major commercial banks in the country. I work as a business banker. Here is couple things that I though that I can share with you all. -Last year the banks introduced a new program that

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