Last Updated: Saturday, September 5, 2015, 20:32
G20 finance ministers and central bank chiefs on Saturday pledged to act decisively to shore up stuttering global growth and to refrain from unsettling currency moves after China`s controversial devaluation last month.
Last Updated: Saturday, September 5, 2015, 17:41
Jaitley also sought a well-designed and quickly-triggered safety nets under IMF like strengthening of liquidity arrangements via multilateral swap arrangements between member countries.
Last Updated: Saturday, August 29, 2015, 15:49
China on Saturday defended the recent revamp of its foreign exchange regime that led to a sharp devaluation of the yuan, calling it a "normal adjustment".
Last Updated: Saturday, August 29, 2015, 02:04
China`s economy is entering a treacherous phase as it moves away from traditional sources of growth like heavy manufacturing and real estate investment, but has yet to complete the transition to a new model, a prominent Chinese economist said on Friday.
Last Updated: Friday, August 28, 2015, 12:46
Seeing an opportunity in the recent turmoil in China's equity and currency markets, Foreign media is saying India can overtake China as the driver of world economy.
Last Updated: Thursday, August 27, 2015, 19:37
China`s devaluation of its yuan currency should not be made a scapegoat for the recent global stock market rout, a senior Chinese central bank official told Reuters on Thursday.
Last Updated: Wednesday, August 26, 2015, 12:51
RBI Governor Raghuram Rajan has said it will be "a long time" before India can replace China as a growth engine for the global economy, even if it grows at a faster rate.
Last Updated: Wednesday, August 26, 2015, 11:25
When China sneezes, the world could catch a cold, said a commentary in China`s Xinhua news agency which added that the global economy is closely tied to Chinese performance.
Last Updated: Wednesday, August 26, 2015, 09:33
Faced with falling exports and deflation risks, it suited much of Asia to let their currencies drift lower, until China`s abrupt devaluation triggered a tide of volatility that is upsetting not just their currency management but also their growth strategies.
Last Updated: Tuesday, August 25, 2015, 16:22
The benchmark BSE Sensex ended up 1.13 percent to 26,032.38 points after earlier falling as much as 1.7 percent to its lowest since Aug. 8, 2014.
Last Updated: Monday, August 24, 2015, 08:30
In China`s spot foreign exchange market, the yuan is allowed to rise or fall by two percent from the central parity rate each trading day, Xinhua reported.
Last Updated: Saturday, August 22, 2015, 23:45
Gold prices could rise above USD 1,200 an ounce in the next few months as fears of a currency war following the devaluation of the yuan make equity markets choppy, boosting physical gold and ETF buying, leading industry analysts said at a conference.
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