WASHINGTON: Finance leaders from the International Monetary Fund's 185 member countries on Saturday endorsed a plan announced by major economies to chart a course out of the credit crisis. The International Monetary and Financial Committee (IMFC ...
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Massive consolidation in financial markets has been underway for some time. Virtually every credit crisis since World War II has spawned further concentration, often followed by new policies that supported deregulation. At the start of this year ...
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BUSINESSMEN and women, hit by the global financial crisis, are cutting back on their trips and forcing airlines to either slash their prices or to reduce capacity, analysts say. British Airways, which has 10 flights daily between the world's top two ...
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To Cazenove Asia Ltd.'s chief executive, dealing with financial turmoil isn't new. May Tan guided the firm through the 1997 Asian financial crisis and the 2001 economic downturn, all the while developing Cazenove's equities and investment-banking ...
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African ministers of finance have said that the International Monetary Fund must take part of the blame for the lapses that led to the ongoing global financial turmoil. The ministers also said at the ongoing World Bank/International Monetary Fund ...
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Korean Strategy and Finance Minister Kang Man-soo in emergency meetings of G20 finance ministers and central bank governors in Washington on Saturday called for emerging nations to be included in currency swaps among nations. The call came in a ...
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PARIS: The European Union will ask the United States to jointly organise an international summit to reform the global finance system, French President Nicolas Sarkozy said Sunday after talks with EU leaders. After agreeing on a bank rescue plan ...
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