Written by WASHINGTON (Reuters) – Countries must not be complacent about the state of the global economy, despite brighter signs of recovery, Japanese Finance Minister Naoto Kan on Saturday warned his counterparts at the International Monetary Fund. READ MORE »
Posts tagged emerging economies
IMF Board Votes to Expand Power of Emerging-Market Economies
WASHINGTON — The International Monetary Fund’s executive board voted Friday to boost the role of emerging economies within the organization as part of a move to increase its role as the world’s arbiter on economic matters. READ MORE »
U.S. Wholesale Inventories Rise Less-Than-Estimated 0.1%; Sales Fall 0.7%
Inventories at U.S. wholesalers rose less than forecast in June as companies kept stockpiles in line with slowing demand. READ MORE »
China Now Runs the World, Soros Says
China is now the engine that runs the world, relegating the U.S. to second fiddle in both economic power and global influence, says George Soros, the billionaire investor renowned for his ability to anticipate and capitalize on emerging economic trends. READ MORE »
G20 statement to pledge commitment to market FX rates
Group of 20 finance leaders will pledge on Saturday to commit themselves to pursue market-determined exchange rates and refrain from “competitive devaluation” of their currencies, a G20 source said. READ MORE »