Currency strategists from Barclays Plc to Deutsche Bank AG are telling investors to sell the yuan, this year’s best-performing emerging-market currency, as growth slows in the world’s second-largest economy and inflows wane.
Should the U.S. be taking economic lessons from India? Former House Speaker Newt Gingrich thinks so. Perhaps not from India as a whole, but at least from the booming western state of Gujarat, which has enjoyed 10 percent- plus growth under its controversial chief minister, Narendra Modi.
U.S. President Barack Obama welcomes newly minted Chinese President Xi Jinping today to the secluded gardens of a 200-acre California estate for what could be considered the world’s most important weekend get-away.
In April 2006, President George W. Bush rearranged the name cards at a White House lunch with Hu Jintao, seating the Chinese president next to him instead of across a table so they could talk privately.
Jacob J. Lew pivots to Europe, a region fraught with risks to the world economy, after making China his first overseas destination as Treasury secretary last month in a nod to the strongest engine of global growth.
Fresh from yet another meeting in Brussels on Europe’s debt crisis, International Monetary Fund Managing Director Christine Lagarde today kicked off a three- country tour of Southeast Asia, which is thriving after emerging from turmoil more than a decade ago.
European finance ministers this week will try to protect their clout at the International Monetary Fund after the U.S. unexpectedly forced a debate on which countries sit on the institution’s board of directors.
Chinese banks have enough resources to deal with loans awarded to local government projects, said Eswar Prasad, a senior fellow at the Brookings Institution and a former head of the China division at the International Monetary Fund, in a Bloomberg television interview.
The International Monetary Fund turned to John Lipsky when it was ordered to develop an early- warning system to prevent a repeat of the 2008 financial meltdown. Now, the IMF is calling on him to guide it through its own crisis.
The arrest of International Monetary Fund Managing Director Dominique Strauss-Kahn may bolster a drive by Brazil and other emerging markets for a greater voice in the selection of the IMF and World Bank chiefs.