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The Pope made his first major comments on the global financial crisis while speaking to foreign ambassadors in Vatican City. He said money should serve people, not rule them, and added that people are struggling to live under an economic dictatorship.
The world's top financial markets have urged G20 finance ministers to oppose European plans to levy a tax on trading, warning it will damage global economic growth. In a joint letter to the ministers, meeting in Washington this week, associations
F The International Monetary Fund cautions that loose monetary policy in advanced economies may have dramatic long-term side effects, and even drag the world economy back into crisis...In its report on global financial stability published on
Despite slow growth in Rwanda's previously booming construction sector, the International Monetary Sector said Tuesday that it will not affect economic growth as other sectors like agriculture are performing well.
Major central banks have taken exceptionally loose monetary policy, consisting of ultra-low interest rates and large-scale bond buying, to boost the economy since 2008. The US Federal Reserve has kept the short-term interest rate near zero for over
December 19, 2012 Global Finance magazine (GFmag.com) has named the Best Trade Finance Banks by region and country in an exclusive survey to be published in the February 2013 issue. Global Finance editors with input from industry analysts, corporate
Topics International Monetary Fund (IMF) First Deputy Managing Director David Lipton attends a program of seminars of the International Monetary Fund and the World Bank meetings in Tokyo October 10, 2012. Pulling out of the global financial crisis
At the annual meetings here of the International Monetary Fund and World Bank, European officials bickered about the damage caused by austerity; this week they head into a major euro-zone summit with no clear rescue plan for Greece. A territorial row
Amid deteriorating global financial conditions, the Reserve Bank today warned that both the equity markets as well the already battered rupee are likely to be under pressure going forward. "On the domestic front, falling corporate earnings at a time
News Related Topics Peter Doyle (L), head of the International Monetary Fund's (IMF) mission to Israel, shakes hands with Israel's Finance Minister Yuval Steinitz (C) and Bank of Israel Governor Stanley Fischer after handing over its annual report on