Emerging market countries boost IMF firewall

Note: This section contains information in English only.
Source: Bloomberg
Emerging market countries including Brazil and China affirmed financing pledges to the IMF, almost doubling its lending power in order to rescue world economy from European debt woe. With pledges from South Africa, India and Russia the total commitment will amount to USD 456 billion a slightly more than USD 430 billion package promised in April. 
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Tue, 19 Jun 2012 06:32:58 GMT

Greek parties continue coalition talks

The winner of Greek parliamentary elections Antonis Samaras continues talks with Socialist Pasok party for a second day to create a coalition that would keep rescue funding flowing. Samaras had secured an initial agreement with Evangelos Venizelos, the leader of Pasok party. Today Samaras is going to discuss the possible  strengthening  of coalition with Fotis Kouvelis from Democratic Left party. In case all three forces manage to

Mon, 18 Jun 2012 19:38:57 GMT

Dollar grows on Spain fears

On Monday, the Greenback was traded higher versus other major currencies, as concerns over Spanish debt situation overshadowed good news from Greece. In the U.S. morning trading session, EUR/USD went down by 0.53%, hitting 1.2572; Cable fall 0.35%, reaching 1.5660; the Yen grew up 0.25% and USD/JPY was traded at 78.89.

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