By Fran WANG China’s yuan currency, which Washington has long alleged was manipulated, is “no longer undervalued”, the International Monetary Fund said Tuesday. “Our assessment now is that the substantial real effective appreciation over the past year has brought the exchange rate to a level that is no longer undervalued,” the IMF said in a
Senator Shelby Moves Forward with Major Dodd-Frank Reforms
Governmental Affairs Newsletter 5/20/2015 On May 12, 2015, U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, released the text of draft legislation intended to reform the regulatory framework for financial institutions, and a formal markup of the bill has been set for May 21, 2015.
Parliamentary Finance: Iraq’s new currency will be traded outside the country
Special scales News The parliamentary finance committee, revealed Wednesday, about the possibility of the use of the new currency of the class hundred thousand fifty thousand outside the country, saying it will increase the strength of the national economy, especially after the deletion of zeros. Said committee member Abdul Qader Mohammed’s / scales News /
Rafidain Bank launches MasterCard service for the disbursement of pensions abroad
BAGHDAD – and babysit -Rafidain Bank announced on Saturday the launch of MasterCard exchange service for the salaries of retirees who are outside the country. The general director of the bank on behalf of Kamal al-Hassani, in a statement received by “public opinion” a copy of it, that “retirees who are outside Iraq, they can become been paid through
Obama, Gulf nations to boost security cooperation
CAMP DAVID, Md. (AP) — President Barack Obama sought to reassure anxious Persian Gulf nations on Thursday that the United States is committed to their security, insisting a nuclear deal with Iran would not leave them more vulnerable. Related Stories Gulf leaders gather in Washington to push Obama on Iran Associated Press Obama, Gulf countries to
First BRICS Bank head to take charge within 10 days
May 14, 2015, 12:06 pm Russian President Vladimir Putin (left) with his South African counterpart Jacob Zuma and Chinese President Xi Jinping (right) at the 5th BRICS Summit on 27 March 2013 in Durban, South Africa [PPIO] The $100 billion BRICS Bank’s first president will take charge within the next ten days, said the Indian
Why the UK election matters to the rest of the world
(CNN)Oh, how analysts worried ahead of UK elections. They were certain voters would fill Parliament with extreme political factions making it tough to form a new government, much less keep one together. They feared the election would reshape Britain’s global role, having ripple effects around the world. But Britons have bedeviled expectations. There will be
27-04-2015 Iraqi PM set to welcome international business to Baghdad
Iraq’s Prime Minister and many of his most senior colleagues will address a top-level international business conference being held in Baghdad later this week. Organised by the Iraq Britain Business Council (IBBC) together with Iraq’s National Investment Commission and the Federation of Iraqi Chambers of Commerce, the event will also be attended by senior executives
China pledges support for Zimbabwe’s development
http://news.xinhuanet.com/english/2015-04/23/c_134178172.htm Chinese President Xi Jinping (R) meets with Zimbabwean President Robert Mugabe in Jakarta, capital of Indonesia, April 23, 2015. (Xinhua/Xie Huanchi) JAKARTA, April 23 (Xinhua) — Chinese President Xi Jinping met here Thursdaywith his Zimbabwean counterpart, Robert Mugabe, and pledged support for the African country’s socioeconomic development. China, Xi said, will continue to encourage its
Indonesian President Joko Widodo addresses the opening of the Asian-African Summit in Jakarta, capital of Indonesia, on April 22, 2015 [Xinhua]
Indonesian President Joko Widodo addresses the opening of the Asian-African Summit in Jakarta, capital of Indonesia, on April 22, 2015 [Xinhua] At the opening of the Africa-Asia Summit, Chinese President Xi Jinping on Wednesday urged rich countries to help the developing world with no political strings attached and fulfill their aid commitments. In Jakarta, Xi said the “South-North cooperation should be