Jamaica Gleaner :: Business (Free subscription) | 11/20/2009
One of the interesting aspects of the public discussions about the process involved in reaching an agreement with the International Monetary Fund (IMF) for a US$1.2 billion two-year standby agreement, is that there seems to be an implicit assumption on the part ...
Jamaica Gleaner (Free subscription) | 11/20/2009
WESTERN BUREAU: The US$200-million divestment cost of the national carrier Air Jamaica could be one of the major factors causing the delay in concluding negotiations with the International Monetary Fund (IMF). The deadline to wrap up the IMF loan was originally slated... ...
Reuters (Free subscription) | 11/19/2009
WASHINGTON (Reuters) - The U.S. dollar will remain the world's primary reserve currency for many years or decades, an International Monetary Fund official said on Thursday.
ETF Trends (Free subscription) | 6 hours ago
Poland may be one of the lucky few economies that has evaded the recession this year. A major exchange traded fund (ETF) provider has also taken notice and a Poland-specific ETF could be coming out soon. The International Monetary Fund (IMF) stated that Poland’s “limited reliance on...
Blog O'Stuff (Free subscription) | yesterday
There's been a lot of buzz in financial news and blogs in the past few months about the dollar carry trade. The dollar carry trade can be defined as: ...low U.S. interest rates enable investors around the globe to borrow dollars for next to nothing and invest them elsewhere at higher rates. This bet -- known as the dollar carry trade -- appears to be one of the forces pushing down value of the dollar....
Foreign Exchange Outlook (Free subscription) | yesterday
GBPEUR/GBPUSD The Pound declined for a third straight day against the U.S Dollar yesterday, while the UK currency also fell to a low of 1.1170 versus the Euro, amid speculation that UK banks will disclose more credit losses. The Daily Telegraph reported yesterday that UK lenders are in a worst state than those abroad, citing credit-checking company Experian Plc. The Chief Executive Officer Don Robert...
Reason Magazine - Hit & Run (Free subscription) | 11/20/2009
From MarketWatch : The measure was approved by the House Financial Services Committee as it considered broad bank regulatory reform legislation, and included a package of other measures weakening the Fed's power and capping how much it can lend or guarantee. The committee is now poised to pass the entire bill and has scheduled its final vote on the legislation for December 1. Lawmakers also agreed...
Seeking Alpha - India (Free subscription) | 11/20/2009
If stocks start to make their long anticipated retest of support, all kinds of opportunities arise from this very extended rally. Here’s just one. Check out this daily chart for gold ( click to enlarge ). Question: What’s missing from this picture? Gold Daily Chart- Chart Courtesy of AVA FX (11 Nov 19) Answer: Nearby support. Significance – Big Juicy Shorting Opportunity IF Stocks...
Booker Rising (Free subscription) | 11/20/2009
Black Caucus Blocks Wall Street Vote Members of the Congressional Black Caucus threatened to oppose a key financial regulatory reform bill today over unrelated economic concerns, forcing Financial Services Chairman Barney Frank (D-Mass.) to yank his bill before a final committee vote . The move is being interpreted as the CBC sending a message to the Obama administration that they need to be more aggressive...
Pakistan Politics (Free subscription) | 11/20/2009
To the struggle of a legend – Imran Khan Leaders who led the feeble skeleton of Pakistan’s politics crippled the state by implementing economic reforms of International Monetary Fund (IMF) and World Bank . By meeting their conditions, they have become powerless, as West has been using them for their own interests. The involvement of West in policy making has blemished the concept of transparency,...
American Power (Free subscription) | 11/20/2009
From the Economist , " China's Currency: A Yuan-Sided Argument ": PRESIDENT BARACK OBAMA, on his first visit to China this week, urged the government to allow its currency to rise. President Hu Jintao politely chose to ignore him. In recent weeks Jean-Claude Trichet, the president of the European Central Bank, and Dominique Strauss-Kahn, the managing director of the International Monetary...
The Economist (Free subscription) | 11/19/2009
Why China resists foreign demands to revalue its currency PRESIDENT BARACK OBAMA, on his first visit to China this week, urged the government to allow its currency to rise. President Hu Jintao politely chose to ignore him. In recent weeks Jean-Claude Trichet, the president of the European Central Bank, and Dominique Strauss-Kahn, the managing director of the International Monetary Fund, have also...
All Africa (Free subscription) | 11/19/2009
An International Monetary Fund (IMF) mission headed by Norbert Funke visited Senegal during November 4 – 18, 2009 to conduct discussions for the fourth review of the Policy Support Instrument (PSI) and the second review of the Exogenous Shocks Facility (ESF).
whoar.co.nz (Free subscription) | 11/19/2009
“..The imperative of greater global currency stability means the world can no longer rely, as it has done since the end of the gold standard .. .. on a currency issued by a single country .. the head of the IMF said on Tuesday. Dominique Strauss-Kahn, the managing director of the International Monetary Fund, restated his view [...]
Iceland photos and info (Free subscription) | 11/18/2009
New book has been published about the banking crash in Iceland last year. The author is mr. Styrmir Gunnarsson, former editor of the newspaper , Morgunbladid . In his book , mr. Styrmir talkes about when tyhe CEO of the Icelandic Central Bank, mr. David Oddson ,met mister Timothy F. Geithner Secretary of the Treasury, USA. They met , in the middle of the year 2008, and then mister Geithner ,was one...
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wei08 | 11/09/2009
Key players in the Group of 20 refused to support a plan create an insurance fund to pay for bailouts if governments have to step in again to save giant businesses on the brink of collapse. Finance ministers at the G-20 summit on Saturday discussed the idea of a tax on banks and other financial institutions to help fund future government emergency aid. But U.S. Treasury Secretary Timothy Geithner indicated...
bharatbook | 10/16/2009
Growth in the Bulgarian pharmaceutical market will be negatively impacted by the recession that is forecast to hit the country in 2009 and 2010 although it is proving to be more resilient than other sectors. BMI forecasts that drug market expenditure in Bulgaria should grow from US$1.09bn to US$1.16bn between 2008 and 2013, a rise of 1.3% per year. However, the health budget is being undermined by
bharatbook123 | 10/13/2009
Bosnia-Herzegovina has made marked economic development since emerging from war, elevating the country to middle-income status as defined by the World Bank. It is also working towards joining the EU, signing a Stabilization and Association Agreement (SAA) which oversees closer integration with the EU and covers commitments to political, economic, trade, or human rights reform in a country in exchange
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