The head of the International Monetary Fund will be in Beijing in the next ten years

The head of the International Monetary Fund will be in Beijing in the next ten years

Washington : Christine Lagarde, managing director of the IMF (International Monetary Fund) envisioned that if Chinese economy continues to grow at the same pace, there is a possibility that within a decade the headquarters of the ‘International Monetary Fund’ could be based in Beijing instead of Washington D.C, It is being claimed that over the next few years […]

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Unless the economy improves, China’s GDP could see a drop of 3% : IMF

Unless the economy improves, China’s GDP could see a drop of 3% : IMF

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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Economists warn Italy’s economy could be like Greece due to banking crisis

Economists warn Italy’s economy could be like Greece due to banking crisis

Rome/Brussels : European economists and analysts have claimed that as the Italian banking sector is overburdened with a debt of 350 billion,  the Italian economy could also tumble down like that of Greece. The Italian economy is the 3rd largest economy in the ‘Eurozone’. The instability of this economy may lead to uncertainty in the entire […]

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Discussions between US President & Crown Prince of Saudi Arabia

Discussions between US President & Crown Prince of Saudi Arabia

Washington : ‘Mohammed bin Salman’ the crown prince of Saudi Arabia, met the US President Barack Obama during his recent visit to the United States of America. During the meeting Obama and the Saudi prince discussed a wide range of issues, including Washington-Riyadh bilateral relations as well as developments in the Gulf. On the backdrop of […]

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Crude oil price shoots up again; US crude rates cross $50/barrel

Crude oil price shoots up again; US crude rates cross $50/barrel

London / New York (News agency): The price of oil has bounced up again attributing to factors like recently held unsuccessful meeting of ‘OPEC’, Nigerian oil pipeline attacks and uncertainty in decision of the Federal Reserve. Brent crude oil as well as US crude oil rates have crossed $50/barrel again. These rates are the highest in […]

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India could be fulcrum of global economy: Finance Minister Arun Jaitley

India could be  fulcrum of global economy: Finance Minister Arun Jaitley

‘With China’s economic slowdown, the global economy feels afresh, the need of a pivot and India could play this very role, that of the fulcrum of the global economy’, said the Finance Minister Arun Jaitley expressing his confidence.  Addressing investors during his visit to Japan, Jaitley claimed that India’s economic development program would pick up […]

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