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G20 vows to boost fragile growth, nudges China on currency

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.

Global safety nets to check currency, market volatility needed: FM Jaitley

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.

China defends Yuan devaluation, sees 'limited' impact

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".

Chinese officials worried as economy enters ''tricky'' phase: Economist

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.

Global turmoil an opportunity for India to overtake China: Foreign Media

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.

'Don't blame yuan devaluation for global market rout'

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.

Long way to go for India to become global growth engine: Rajan

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.

'When China sneezes, the world could catch a cold'

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.

Currency volatility: How it will affect global growth

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.

Sensex stages smart recovery, climbs 291 points to end over 26K

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.

Chinese yuan strengthens

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.

Gold industry analysts expect price boost from currency war fears

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.