Beijing: The results of recent elections in the United States has begun affecting the Chinese economy and the Chinese Yuan is beginning to decline. Within two weeks following Donald Trump’s victory, the Chinese Yuan is getting extremely devalued. Currently the Yuan has sunk to a eight and half year low against the US dollar. To […]
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Islamabad : Asian Development Bank (ADB) has offered a loan of 5.9 billion dollars to Pakistan. Pakistan has asked for an 800 million dollar loan for its energy sector. Till the month of May 2016, the total debt burden on Pakistan has gone up to 1340.30 billion dollars, of which 58.34 billion dollars are in the […]
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Beijing :Increasing debt, high dependence on government policies and financial aids, over-capacity production in the industrial sector are some of the factors that may have a negative impact on China’s economy; according to International Monetary Fund (IMF) report. IMF has indicated that if suitable economic developments are not done, China’s GDP could see a drop […]
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Washington: The International Monetary Fund (IMF) has cautioned that post ‘Brexit’, the EU may face financial anarchy; and circumstances may lead to the fall in the Euro. If efforts are not made to resolve the conflict, then the current situation of political instability may worsen, owing to which the EU may collapse any time. The IMF had […]
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Resource-rich West African country Namibia assured it will look at ways to supply Uranium to India. President Pranab Mukherjee on a two day visit to Namibia held bi-lateral talks with the Namibian President Hage Geingob on Friday. President Mukherjee offered support to Namibia for efficient extraction of its natural resources for sustainable development using environmentally […]
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A report published by World Gold Council few days back states investments in Gold as commodity on international level are soaring. It declares gold as the best investment option. Gold prices have soared by almost 20% in last few months as stated in WGC’s report. Analysts estimate prices may remain stable in the future. US […]
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Warning by International Monetary Fund “After the referendum on 23rd June, if UK takes a decision of getting out from the European Union then it will be the biggest threat to the British economy” warned International Monetary Fund. A report on ‘Brexit’ by Bank of England also states, “Country will face the danger of recession […]
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Washington: On Wednesday, the US central bank ‘Federal Reserve’ announced an increase in interest rates by half a per cent. After this announcement, the interest rate in the US reached 3.25%, the highest since 2008. While announcing this, the Federal Reserve also indicated that interest rates in the United States will be increased to 4.6% […]
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Moscow: “I don’t have much to say about higher audit institutions, but as for international organisations like the IMF, they must die,” said Herman Gref, chief of the Russian Sberbank demanding the IMF be abolished. Last year, some European countries had hinted at initiating efforts to find an alternative to the IMF. Against this backdrop, […]
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