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  • October 21, 2014
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  1. Chinese economist lands key IMF secretary post

    Posted Mar 09th 2012, 12:00am

    ... Cary Huang in Beijing cary.huang@scmp.com International Monetary Fund managing director Christine Lagarde has named Chinese economist Jianhai Lin as the fund's secretary. The IMF ... will succeed India's Siddharth Tiwari, who was recently appointed director of the IMF's strategy, policy and review department. Analysts said Lin's nomination was the latest sign ...

  2. IMF takes a softer line on yuan

    Posted Jul 26th 2012, 12:00am

    ... by an estimated 3 per cent to 23 per cent against a basket of currencies, depending on the methodology used. The latest assessment echoes statements made by a senior IMF official in Beijing in early June indicating the fund was taking a softer line. Markus Rodlauer, head of the IMF China team, explained the new position by saying that 'numbers tend to get a life of their own'. He said ...

  3. Retreat of EU banks could hurt world: IMF

    Posted Apr 24th 2012, 12:00am

    ... the International Monetary Fund (IMF). Large European banks could reduce their combined balance sheets by US$2.6 trillion between last September and the end of next year, according to the IMF's latest ... economies, said Sean Craig and Andre Meier, the IMF's resident representatives in Hong Kong. And while the US dollar remains the world's currency of choice for fund-raising activities ...

  4. Business - Economy - INTERNATIONAL

    Lagarde begins Southeast Asian tour

    Posted Nov 15th 2012, 12:00am by BLOOM

    ... Bloomberg in Washington and Singapore IMF boss begins Southeast Asia tour Fresh from yet another meeting in Brussels on Europe's debt crisis, International Monetary Fund (IMF ... starts in Malaysia and includes the Philippines and Cambodia, builds on ties that took years to mend after the 1997 Asian financial crisis forced countries into unpopular IMF austerity policies. ...

  5. Economy to rebound, IMF says

    Posted Apr 18th 2012, 12:00am

    ... Outlook report, the IMF said that China's GDP should rebound to 8.8 per cent next year despite the internal risks. Separately, HSBC forecast Chinese economic growth would accelerate to 8.3 ... but was sustained by 'resilient domestic demand', the IMF said. 'Investment and private consumption remained strong in China, buoyed by solid corporate profits and rising household ...

  6. IMF predicts soft landing... with advice for Beijing

    Posted Mar 20th 2012, 12:00am

    ... to maintain vitality, according to the International Monetary Fund. 'China is landing quite well. Its inflation is down, investment and growth has slowed,' said Zhu Min, IMF deputy managing ... the key issue was for China to move to a more flexible currency exchange regime. IMF managing director Christine Lagarde also said over the weekend that the yuan could become a global reserve ...

  7. Be ready for Europe fallout, I.M.F. tells HK

    Posted Dec 10th 2011, 12:00am

    ... Nigel Chalk, the IMF's mission chief for China and Hong Kong, told the South China Morning Post. Banking giant HSBC has also warned of the risk of recession. In October, it cut its growth ... to the year-earlier quarter. Economic output contracted by 0.4 per cent in the second quarter from the first three months. The IMF forecast that Hong Kong's net export growth would slow to 0.1 per cent ...

  8. I.M.F. cuts asia growth forecasts

    Posted Oct 14th 2011, 12:00am

    ... Index of stocks fell 16 per cent in the past quarter in what the IMF described as 'panic sell-offs'. It was the biggest drop since the financial crisis in 2008. Uncertainty over ... that banks, pension funds and other financial institutions were asked to accept in July as part of a second rescue package for Athens. The IMF report warned larger losses at home could cause foreign ...

  9. IMF director backs rate reforms to ensure asset quality at China's banks

    Posted Dec 12th 2011, 12:00am

    ... of the IMF's Monetary and Capital Markets Department. 'This is something which should go hand in hand with the deepening of capital markets reform.' In a recent review of China's financial system, the IMF said the country's reforms were progressing well, but the financial sector was still confronting 'near-term risks, structural challenges, and policy-induced ...

  10. Beijing on board for a rising yuan, IMF chief says

    Posted Nov 11th 2011, 12:00am

    ... Teddy Ng in Beijing teddy.ng@scmp.com The head of the International Monetary Fund (IMF) said after talks with senior Chinese leaders yesterday that Beijing is ready to let the yuan rise. ... said China would focus on maintaining a stable and rapid economic growth, and support measures taken by the IMF, European Union and European Central Bank to handle the crisis. Wen said China ...




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