Greek elections may delay aid, S&P warns
Snap elections in Athens may delay the next disbursement of aid from European creditors, analysts with Standard & Poor’s warned on Friday. The New York-based rating agency, which affirmed its...
View ArticleIndia’s forex reserves rise by $ 2.359 billion to $ 351.389
India’s foreign exchange reserves rose by $ 2.359 bilion to $ 351.389 billion in the week ended September 11 after falling by huge margins in the previous two weeks, the Reserve Bank of India (RBI)...
View ArticleMartin Armstrong Warns: The Fed Just Made The Same Mistake As It Did In 1927
The Federal Reserve yielded to international pressure making the very same mistake that it made during 1927. Back then, there was a secret meeting and the Fed agreed to lower US rates to try to help...
View ArticleSyriza secures clear victory in Greek general election
Alexis Tsipras’s radical left Syriza party secured a clear victory in Sunday’s Greek general election, suggesting his gamble on snap elections after striking a deal on a new €86bn bailout had paid off....
View ArticleEurope faces unprecedented migrant crisis, warns OECD
Europe is facing an “unprecedented” refugee crisis, the OECD has warned, as up to 450,000 asylum seekers could be granted humanitarian protection by the end of this year. The Paris-based body also...
View ArticleUS Supports Renminbi Reserve Currency Bid as China Progresses on Reform
The Obama administration has significantly softened its stance on mainland China’s bid for the renminbi to be included in the International Monetary Fund (IMF) after the People’s Bank of China (PBOC)...
View ArticleWashington guided Greece in bailout talks, envoy reveals
Washington had advised the previous SYRIZA-Independent Greeks government not to clash head-on with Germany and to show a willingness for reform in the weeks and months leading up to the July 13...
View ArticleThere’s a good chance of cutting Japanese GDP forecast for 2015 & 2016 says IMF
IMF’s Japanese mission chief with some good news for Japan There’s a good chance of cutting growth forecasts in next global economic outlook report BOJ should focus on inflation expectations in...
View ArticleG20 communique says will tread carefully on mon policy
G20 communique draft obtained by Reuters: Welcomes stronger activity in some countries but says global growth falls short of expectations Confident global recovery will gain speed Will carefully...
View ArticleCNH-Unexpected Move.Rallied by 1% to kiss 6.4008 against USD
China’s offshore currency rate suddenly rallied by its most on record in late Thursday trading. CNH, short-hand for the renminbi when traded outside of China, rallied more than 1 per cent to 6.4008 per...
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