New Delhi (PIB-GR-TYP-BIN): Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), met the Prime Minister, Mr. Narendra Modi, on March 16. Ms. Lagarde complimented the Government on the focused way in which it has been working to revive the economy. The results of this are visible and India`s growth rate has crossed […]
International Monetary Fund (IMF)
International Monetary Fund is an instrument and a product of development in the world. Just after the Second World War, leading politicians and administrators felt there was the need for the organization of a body that would see to the organization of the International monetary system on an agreed basis. Different people including a world’s […]
Frenchman Is The New International monetary Fund Head
Domique Strause-Kahn has been formally named as the new head of the international Monetary fund. The appointment of the former french socialist finance minister to the helm of the organisation had been widely expected. The British Broadcasting corporation reported that the only other nomination for the role was Josef Tosovsky, as former CZECH Prime Minister, […]
Union International: Markets Await Fed Guidance
Union International: Once again, investors look to the Federal Reserve for direction as stocks data points to weak 1st quarter. Union International: Retail sales in the US “unexpectedly” fell for the third month in a row in February with the Commerce Department saying they dropped 0.6% against analysts’ expectations for a 0.3% increase. This month’s […]
Union International Reports US Retail Sales Fall Again
Union International: The third consecutive monthly fall in US retail sales is, yet again, being blamed on the weather. Union International: Retail sales in the US “unexpectedly” fell for the third month in a row in February with the Commerce Department saying they dropped 0.6% against analysts’ expectations for a 0.3% increase. The fall followed […]
Union International: ECB QE Far From Done Deal
Union International: Investors may be jumping the gun by pricing the first official round of quantitative easing from the ECB into markets. Union International: With investors seemingly convinced that European Central Bank President Mario Draghi is finally set to unleash full-blown quantitative easing imminently, some are warning that the unprecedented move is far from “a […]
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