IMF

IMF's acknowledgement of yuan as major global currency expected to bring fresh change to China

The International Monetary Fund has included the yuan in the reserve basket along with the dollar, pound, euro, and yen, hopefully bringing fresh change to China.

South African Inflation Rose to 4.7% in October

South African inflation in October rose to 4.7%, in line with the forecast.

Saudi Arabia may face cash crunch after 5 years

The Middle East (ME) region also may not sustain cheap oil prices for long. If oil price continues to hover at $50 per barrel, majority of Gulf nations will run out of cash in next five years, according to International Monetary Fund (IMF). There's no exception to Saudi Arabia, the leader of Organization of Petroleum Exporting Countries (Opec), Oman and Bahrain.

China's economic distress is risk to global economy: IMF and ECB

China's economic turmoil poses great risks to the world's economic growth but they are managing to recover from the troubles with the help from other countries and Fed will not yet increase its interest rates.

Interest rate hike could harm global economy - IMF

The International Monetary Fund warns of the danger of an interest rate hike to the global economy. Instead of raising rates, the fund says advanced countries should focus on growth-friendly programs.

Greek government faces internal backlash over pick for IMF representative

Athens might fail not meeting the 460-million-euro ($683 million) IMF installment if it demands to choose between the IMF and paying government workers. Greek Prime Minister Alexis Tsipras faced a backfire from his politically radical legislators over the government's choice for the country's advocate at the International Monetary Fund.

Greek Exit Can Damage Trust, Warns EU's Juncker

EU's Juncker warns that Greek exit from the euro zone could damage trust in the single currency. This could provoke international investors to pull out of Europe.

Latest Stories

The Surge in Copper Prices: Predictions and Market Reactions

The global copper market has been experiencing a significant surge in prices, driven by supply constraints and increasing demand. This trend has caught the attention of investors, industry analysts, and policymakers alike, as copper is needed in various sectors, particularly in the growing fields of renewable energy and electric vehicles. Here are some of the key factors behind the price surge, market reactions, and future predictions for copper prices.

Beyond Wealth: Giving Compass for Business Simplifies Philanthropy for Financial Advisors

Giving Compass for Business, one of these innovations is gaining popularity since it provides a fresh method for incorporating generosity into wealth management.

Belgian Billionaire Shukhrat Ibragimov Puts Private Jet on Market for $46m

Shukhrat Ibragimov, the chairman of mining giant Eurasian Resources Group (ERG), has put his Dassault Falcon 8X up for sale for $46 million.

IC Funded: Revolutionizing Prop Trading for Retail Traders

IC Markets has recently launched its proprietary trading platform, IC Funded, and it's already creating a buzz in the trading community. What started as a soft launch has now captured the attention of traders worldwide, highlighting a significant shift in how retail traders can access capital and participate in the markets.

Protecting Your Practice: The Importance of Professional Liability Insurance for Professionals

In today's complex and litigious business environment, professionals across various industries face numerous risks that could jeopardise their practice. From legal claims and client disputes to regulatory investigations, the potential threats are vast.

Must Read

As Copper M&A Wars Escalate, Solaris Resources' Warintza Project Stands Out

The mining industry has been busy with mergers and acquisitions (M&A) activity in recent years, and 2024 has been one of the busiest. Major mining companies are all vying for a piece of the action in the promising copper sector. As the global push towards electrification and clean energy intensifies, the demand for copper—a critical component in electric vehicles, renewable energy systems, and infrastructure—is expected to soar. This has sparked even more interest from mining giants looking to secure their position for production.

Amin Makhlouf: Redefining Real Estate Transactions with Digital Innovation

In an industry often rooted in tradition, Amin Makhlouf brings a fresh perspective, combining youthful energy with groundbreaking ideas in real estate. As the founder of Makyee, he's transforming the way properties are bought and sold in Dubai, aiming to make these processes more accessible, efficient, and transparent.

Is Mr. Black Being Silenced by X in His Mission to Bring About the Messianic Age?

The enigmatic artist Mr. Black, known for his cryptic street art and ambitious 21,000-piece ordinal collection on the Bitcoin blockchain, claims that the Messianic Age will be revealed once the collection is fully minted. However, recent developments suggest that Mr. Black might be facing censorship on the social media platform X, formerly known as Twitter.

Fed's Powell Hints at Rate Cuts with Strong Economic Data

Fed Chair Powell hints at potential rate cuts amid strong economic data, signaling a shift in monetary policy to support continued growth and stability.

Employers Rethink Financial Wellness Programs to Address Worker Needs

Traditional financial wellness programs are failing to meet the needs of today's workforce.

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