Topic: International Monetary Fund
Foreign reserves at US$103.5bil
KUALA LUMPUR: Bank Negara’s international reserves stood at US$103.5bil as at Sept 13,2019, unchanged from two weeks earlier.
Argentina's US$15b burn stems peso rout ― for now
BUENOS AIRES, Sept 11 ― Argentina has burned through US$15 billion (RM62.6 billion) in foreign reserves over the last month to stabilise the peso, which crashed along with the country's bonds after ...
IMF: Surging trade uncertainties about 10 times previous peaks
HONG KONG: Concerns about global trade have reached nearly 10 times the peaks seen in previous decades and could shave about 0.75 percentage point off world economic growth this year, according to data compiled by the International Monetary Fund (IMF).
German exports rebound in July
FRANKFURT, Sept 9 — Exports from Europe’s largest economy Germany enjoyed an unexpected rebound in July, official data showed today, making for a bright spot in the data amid signs of a looming re...
ECB nominee Lagarde faces grilling from euro MPs
FRANKFURT, Sept 4 ― European Parliament lawmakers will today question incoming European Central Bank chief Christine Lagarde on how she will run the institution, in a first major public test for the...
Argentina asks IMF to restructure debt payments
BUENOS AIRES, Aug 29 — Argentina asked the International Monetary Fund to restructure its debt payments on the US$56 billion (RM235.75 billion) bail-out loan agreed last year in a bid to calm market...
Argentine peso drops on volatile day as IMF visits
BUENOS AIRES, Aug 28 ― Argentina's peso depreciated by almost 2.5 per cent against the dollar yesterday, a day after the International Monetary Fund met with presidential election frontrunner Albert...
What is the danger of currency wars?
The race to lower interest rates and possibly weaken currencies to boost growth and exports raises the risk of currency wars. Also known as competitive devaluation...
Imran Khan’s future without the people is nothing
IT’S been a long year for Prime Minister Imran Khan and his party, the Pakistan Tehreek-i-Insaf.
When he took power in Pakistan, Khan was faced with circumstances few leaders before him have faced...
Malaysia remains attractive to foreign investors
PUTRAJAYA: Malaysia continues to be an attractive investment destination as total stock of foreign direct investment (FDI) rose by 10.3% to RM667.5bil in the second quarter of 2019, compared with RM605.1bil a year ago.
IMF’s latest victims
The process of selecting the International Monetary Fund’s next managing director must change.
Asian shares inch up on China recovery, yuan fixing
Gains by Chinese equities and the yuan's stronger-than-expected daily fixing helped lift a broad gauge of Asian shares above water on Monday, but firm gold prices underscored investor worries over risks from a prolonged Sino-U.S. trade war.
Central banks cry for budget help
WASHINGTON: As they look to ease monetary policy, central bankers are also singing from the same songsheet when it comes to government support for their economies. They want more of it.
Currency fears trigger volatility
REVIEW: The fallout from the escalation of the US-China trade war continue with retaliation from Beijing over the latest proposed US tariffs.
Stock losses steepen as US puts yuan in crosshairs
TOKYO, Aug 6 — Global stocks extended already substantial losses today as China’s yuan currency dropped to an 11-year low after Washington designated Beijing a currency manipulator in a rapid esca...
US designates China as currency manipulator
The US government has determined that China is manipulating its currency, and will engage with the International Monetary Fund to eliminate unfair competition from Beijing, US Treasury Secretary Steve...
EU settles on World Bank’s Georgieva to lead IMF
BRUSSELS, Aug 3 — European Union governments picked Bulgaria’s Kristalina Georgieva as the bloc’s candidate to lead the International Monetary Fund after more than 12 hours of talks yesterday th...
Malaysia’s reserves at US$102.7b as of June 2019
KUALA LUMPUR, July 31 — Malaysia’s reserves remained usable as at end-June 2019, with official reserve assets at US$102.72 billion (RM423.9 billion) , while other foreign currency assets amount...
Global recession fear overplayed — BNM
KUALA LUMPUR (July 25): While the escalating trade tension between the US and China will moderate Malaysia’s economic growth, it will not cause a global economic recession next year, said Bank Negar...
Global recession fear overplayed — BNM
KUALA LUMPUR: While the escalating trade tension between the US and China will moderate Malaysia’s economic growth, it will not cause a global economic recession next year, said Bank Negara Malaysia...
US, China to resume trade talks next week
WASHINGTON, July 24 — US and Chinese are restarting negotiations to in an effort to resolve the year-long trade dispute, with two days of talks due next week, US Treasury Secretary Steven Mnuchin sa...
IMF says Pakistan needs to mobilise tax revenue, cut debt
WASHINGTON: Pakistan needs to mobilise domestic tax revenue to ensure funds for social and development programs, while reducing debt, the acting director of the International Monetary Fund said on Sunday after a meeting with Pakistani Prime Minister Imran Khan
Heed the economic warning
THE reputed international Fitch Ratings agency has given us a warning on the outlook for the Malaysian economy that we should not ignore.