March 12, 2015, 12:12 pm Including the yuan in the SDR basket would aid China’s attempts to diminish the dollar’s dominance in global trade and finance [Xinhua] China is pushing for the International Monetary Fund to endorse the Chinese yuan as a global reserve currency alongside the dollar and euro. A senior Chinese central bank

March 11, 2015 in Business Zimbabwe has met all the quantitative targets under the supervised economic reform programme, the International Monetary Fund (IMF) has said, but warned that growth would weaken further this year. BY OUR STAFF Last year the IMF agreed to a successor Staff-Monitored Programme (SMP) — an informal agreement between country authorities

Since the millionaire population plunged in 2008, the U.S. has gained or added back more than 3.5 million millionaires. Board of Governors of World Bank and IMF announce transition to asset-backed currencies | Presswire http://presswire.com/content/1324064/board-governors-world-bank-and-imf-announce-transition-asset-backed-currencies Treasury rate prices are on the rise. Oil prices are down. Currencies war is in full effect.

Press Release No. 15/101 March 9, 2015 End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. This mission will not result

March 06, 2015 ISIS torches Tikrit oil field Islamic State (ISIS) militants have set fire to oil wells northeast of the city of Tikrit, a witness said, to obstruct an assault by Shia militia fighters and Iraqi soldiers trying to drive them from the Sunni city and surrounding towns. The witness and a military source

Steve Liesman | @steveliesman Tue, 3 Mar ’15 | 8:15 PM ETCNBC.com Federal Reserve Chair Janet Yellen lashed out at the culture in the nation’s biggest banks on Tuesday saying “there may be pervasive shortcomings in the values of large financial firms that might undermine their safety and soundness.” In a speech in New York City, Yellen, who

I can see at least three clear and present dangers to the European Central Bank’s proposed quantitative easing program that’s scheduled to begin this month. The first has been widely discussed: that there aren’t enough government bonds available to fulfill the pledge to buy 1.1 trillion euros ($1.22 trillion) of debt at a pace of 60 billion euros per

 Jim Rickards retweeted Ken Mediareader ‏@Spruce_gum  2h2 hours ago @JamesGRickards China’s billboard ad in Bangkok … yuan moving into international trading currency.

March 4, 2015 at 10:39am The world’s 224 major international banks now meet the risk-based capital requirements under the tougher Basel III banking regulations and have further narrowed the shortfall in capital required to meet targets for 2019, according to the Basel Committee on Banking Supervision (BCBS). The Basel Committee, which sets global standards for

The Reserve Bank of India surprised markets on Wednesday by cutting rates for the second time this year, sending stocks to a record high. The central bank lowered its benchmark repo rate by 25 basis points to 7.5 percent, it said in a statement, on the back of easing inflation and the government’s commitment to fiscal discipline.