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KOREAN IMF BAILOUT
In 1998, South Korea urged people to save the country from bankruptcy. Millions lined up with gold wedding rings and baby bracelets, raising $2.1 billion in just four monthsIn January 1998, millions of ordinary South Koreans voluntarily donated gold, including wedding rings and baby bracelets, to help their nat...- As crisis deepens, Pakistan's public assets are up for salePakistan's source funds from friendly countries which were flowing in are dried up. At present, the crisis stuck Pakistan is not getting ea...
- Pakistan stares at bankruptcy as economic crisis worsensPakistani Rupee (PKR) is on a ‘free fall’ as it crossed 212 per USD on June 21. Whereas Pakistan's foreign exchange reserves have depleted ...
- The Ides of March against the idea of reformsUnion Cabinet approved the consolidation of 10 PSBs into four, to be effective from April 1.
- Privatisation: A bad solution for India’s banking problemsThe current PSB recapitalisation plan announced by the government, amounting to Rs 2.11 lakh crore over two years, would account for less t...
- Pre-market: Nifty seen opening in the red; global cues eyedDomestic stock indices are likely to open marginally lower on Thursday.US markets settled higher overnight amid revived hopes of Greece str...
- Top 5 reasons why India markets might not get impacted much on Greece woesAs the Greek debt crisis unfolds, analysts on Dalal Street are of the view that India still remains a strong story.
- Five steps to save the euroIf you want to get real about doing whatever is required to save the euro, there are five steps that could be taken now to shore up confide...
- Dollar falls in absence of fresh pegsThe dollar fell against other major currencies in Asia on Thursday in the absence of fresh trading pegs after rising in tandem with higher ...
- Euro slumps to two-month low on Ireland rescue, Korea fearsThe euro hit a new two-month low on Monday and equities struggled, as Ireland's bailout failed to ease eurozone debt concerns.
- Euro eases against yen, dollar in AsiaThe euro eased against the yen and the dollar in Tokyo trade Wednesday on profit taking after earlier gains, dealers said.
- Global rebalancing policies need coordination-IMFThe International Monetary Fund believes global growth will suffer if the Group of 20 rich and developing economies fail to coordinate effo...
- Options before the eurozone & GreeceThere is a need to think more deeply of the available options before Greece and the eurozone.
- Red lights flash on economy avenueInvestors around the world breathed a sigh of relief as Dubai sealed a bailout package from Abu Dhabi over the weekend, staving off fears o...
- Mid-term Review of the Annual Statement on Monetary Policy for the 2008-09During the first quarter of 2008-09, real GDP growth was 7.9 per cent as against 9.2 per cent a year ago. The end-August 2008 release of na...
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