global currency

‘South Africa to back renminbi as international currency in BRICS Summit’

March 26th, 2012 - 12:14 am ICT by IANS
Johannesburg, March 25 (IANS) The South African government will endorse the Chinese renminbi as the new global currency during the incoming BRICS Summit in India, media reports said Sunday.... Read more...

Posted in Business |

Infosys profits from weak rupee, lowers dollar guidance (Lead)

January 12th, 2012 - 2:47 pm ICT by IANS
Bangalore, Jan 12 (IANS) India's second largest IT bellwether Infosys Ltd. posted robust revenue and profit growth in the October-December third quarter (Q3), propelled by a weakening rupee that forced ... Read more...

Posted in Business |

Yuan as new global currency? It can bode well for India (Comment)

November 15th, 2009 - 2:56 pm ICT by IANS
By Sushma Ramachandran The fact that World Bank President Robert Zoellick has said that China's yuan may become the global reserve currency over the next 15 years assumes significance not just for the ... Read more...

Posted in Business |

France wants to expand G8 group

July 10th, 2009 - 6:29 am ICT by IANS
L'Aquila (Italy), July 10 (DPA) French President Nicolas Sarkozy is pushing for an expansion of the Group of Eight (G8). "The G8 are no longer representative enough to manage the economic crisis," Sarkozy ... Read more...

Posted in World |

India has borne global financial crisis well: PM

June 17th, 2009 - 11:28 pm ICT by IANS
By Manish Chand On Board Air India One, June 17 (IANS) With the Indian economy showing signs of recovery, Prime Minister Manmohan Singh Wednesday said the country had borne the global downturn ... Read more...

Posted in Business |

India reluctant to join de-dollarisation chorus at BRIC

June 15th, 2009 - 12:23 pm ICT by ANI
By Naveen KapoorNew Delhi, June 15 (ANI): While China and Russia are likely to pitch for the induction of a new global currency to replace the dollar as the world's main reserve ... Read more...

Posted in National |

Experts suggest annual BRIC summit and democratisation of IMF-Part III

May 15th, 2009 - 6:44 pm ICT by ANI
Financial Crisis and the New Global Financial Architecture14. The BWI and IFI must be urgently overhauled and reformed. The current 'Voice and Vote' in the multi-lateral institutions do not provide an equitable ... Read more...

Posted in National |

Russia to call for new reserve currency at G20

March 31st, 2009 - 12:04 am ICT by IANS
Moscow, March 30 (RIA Novosti) Russia will insist at the upcoming G20 summit in London that discussions are initiated into the possibility of creating a new world reserve currency, a Kremlin ... Read more...

Posted in Business |

Obama for cutting health care costs to face India, China challenges

March 25th, 2009 - 10:10 pm ICT by IANS
By Arun Kumar Washington, March 25 (IANS) President Barack Obama wants to reduce health care and energy costs to lessen the massive national debt lest India and China overtake a recession hit ... Read more...

Posted in Business |

Obama rejects Chinese call for global currency

March 25th, 2009 - 8:49 am ICT by IANS
Washington, March 25 (DPA) US President Barack Obama flatly rejected China's call for a global currency that would gradually replace the dollar as an international reserve. "I don't believe that there's a ... Read more...

Posted in Business |

US rejects China’s call for a global currency

March 25th, 2009 - 4:14 am ICT by IANS
Washington, March 25 (DPA) US officials Tuesday rejected calls from China and Russia for the international community to shift towards a global reserve currency that could replace the dollar. At a congressional hearing ... Read more...

Posted in Business |

India lost $43.2 bn forex reserves in five months: Assocham

February 18th, 2009 - 7:01 pm ICT by IANS
New Delhi, Feb 18 (IANS) India is among the worst affected countries losing foreign exchange (forex) reserves by as much as 3.5 percent of its gross domestic product due to currency imbalances ... Read more...

Posted in Uncategorized |

US dollar could drop by 10 percent, says Canadian report

September 27th, 2008 - 9:39 am ICT by IANS
Toronto, Sep 27 (IANS) A Canadian bank report says the US dollar could fall as much as 10 per cent in the ``near to medium'' future.In its report titled `Will the US ... Read more...

Posted in World |

Cricket Australia mulls Global Test championship to counter Twenty20 craze

June 9th, 2008 - 3:16 pm ICT by ANI
Melbourne, June 9 (ANI): To protect traditional cricket against encroachment from the Twenty20 revolution, Cricket Australia has thrown its support behind a global Test championship.Cricket Australia chief executive James Sutherland emphasised ... Read more...

Posted in National |