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Brazil steps up efforts to arrest Real declineInvestors are exiting emerging markets as the Federal Reserve prepares to reduce the amount of money it pumps into the world economy.- Easing may cause developing world asset bubbles: IMFMonetary easing in the developed world could cause overheating and asset bubbles in emerging economies, the IMF's managing director said.
- "Fullest consideration" to Yunus for WB chief's post: USThe US will give "fullest consideration" to the candidature of Nobel Laureate economist Muhammad Yunus for the World Bank presidency if he ...
- World Bank President should be appointed on merit: BRICSBRICS has said that the appointment of President of the multilateral agency should be based on merit and "not on nationality".
- Finance chiefs at IMF split over forces behind capital flowsGlobal finance chiefs split over which policies are most to blame for propelling potentially risky capital flows into emerging markets.
- Brazil steps up 'currency war' , pleads ceasefireBrazil stepped up efforts to curb gains in the real by raising inflow taxes and said it may be forced to take additional measures as Guido ...
- Brazil steps up ‘currency war’, pleads ceasefireBrazil, Latin America’s largest economy, raised the so-called IOF tax on foreigners’ investments in fixed-income securities to 6% from 4%.
- IMF chief warns against using exchange rates as weaponsIMF Director General Dominique Strauss-Kahn urged governments in an interview published Tuesday not to use their currency's exchange rate a...
- IMF to sell bonds to raise 'crisis' fundsThe International Monetary Fund (IMF) is considering selling bonds to several developing countries to raise money to combat the global econ...
- BRIC nations not ready to capitalize IMF: BrazilBrazil, Russia, India and China agreed on Friday they will not put capital in the International Monetary Fund unless it develops more flexi...
- Brazil announces 13-billion-dollar economic crisis packageBrazil announced a package of fiscal measures costing more than 13 bn dollars that it hopes will mitigate the effects of the worsening glob...
- Further action needed on financial crisis: G20Finance ministers of the Group of 20 industrialised and emerging economies (G20) have agreed that global stability and growth must be the c...
- Emerging powers join forces for finance reformThe "BRIC" nations for the first time forged a joint position that called for reform of institutions like IMF. Small savings schemes | Lear...
- BRIC want financial system overhaulThe BRIC ministers put the blame for the current crisis with world's most advanced economies, noting that it began in US. Financial rescue ...
- Latin America urges US to act fast to stem crisisLatin American finance ministers urged the US to act quickly to combat the swirling financial crisis that could reverse broad economic gain...
- India ready to tackle any spillover effects of fin crisis: RBITaking note of implications of the global financial turmoil in the international system, RBI Governor D Subbarao has said India "stands pre...
- $10 bn fund for regional development in South AmericaA new regional development bank for South America announced an initial capital fund of US$10 billion, with the possibility of climbing as h...
- Brazil to cut spending, raise taxes to cover gapBrazil will slash spending and raise taxes on credit transactions and banks to cover a revenue shortfall caused by the defeat of a key tax ...
- S America to launch rival bank to IMF, World BankSeven S American presidents are expected to launch the Bank of the South, as a regional alternative to the IMF and the World Bank.
- Brazil slams IMF handling of US credit crisisBrazilian Finance Minister Guido Mantega slammed the International Monetary Fund on Sunday for having been lax in its handling of a US hous...
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