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 ...

Singapore, Nov 12 (IANS) World Bank President Robert Zoellick has said in 15 years the Chinese yuan can become an alternative to US dollar as a global reserve currency, with China's fast ...

By Arun Kumar Washington, Nov 4 (IANS) India's purchase of $6.7 billion worth of gold from the International Monetary Fund (IMF) is a pointer that New Delhi sees a dim future for the ...

Rome, July 10 (Prensa Latina) China has called on the group of eight industrialised nations (G8) to take steps to steady the exchange rate. It also proposed the creation of a new international ...

L'aquila, July 9 (ANI): US president Barack Obama and Indian Prime Minister Manmohan Singh cozied up to each other at a summit of the G8-G5 groupings at L'Aquila in Italy on ...

L'AQUILA, July 9 (ANI): Leaders of the world's richest nations and major developing powers met on Thursday (July 9) to discuss global issues on the second day of a G8 summit ...

By Jaideep Sarin L'Aquila (Italy), July 9 (IANS) Brazil has asked G5 countries to explore the possibility of using their own currency to settle trading accounts amongst themselves. The suggestion was made by ...

By Naveen Kapoor L' Aquila (Italy), July 9 (ANI): Indian Foreign Secretary Shivshankar Menon on Wednesday said the Group of Five major developing economies meeting in Italy deliberated over the use ...

New Delhi, July 7 (ANI): Prime Minister Dr. Manmohan Singh will leave for Italy this afternoon to attend the G-8 Summit in L'Aquila. During his four-day visit, Dr. Singh is expected to ...

Financial Crisis and the New Global Financial Architecture 14. 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 ...

Beijing, March 30 (DPA) China and the European Union plan to patch up recent turbulence over Tibet and deepen their cooperation this year to tackle global problems, a top EU diplomat said ...

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 ...

United Nations, March 27 (Xinhua) Nobel Prize-winning economist Joseph Stiglitz has called for a new global system to replace the US dollar as the world's reserve currency. "There is a growing consensus ...

New York, March 26 (DPA) US stock indices made gains Wednesday after government figures showed demand is rising for long-lasting goods and housing. Durable goods orders increased 3.4 percent in February, and purchases ...

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 ...

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 ...

Beijing, March 24 (Xinhua) Zhou Xiaochuan, governor of China's central bank, has proposed to create a super-sovereign reserve currency as part of reform in the international monetary system. The desirable goal of the ...

Moscow, Nov 5 (DPA) Russian President Dmitry Medvedev called for a radical reform to the global financial order Wednesday, saying the United States has become the affliction and could no longer provide ...

RIA Novosti Moscow, June 25 (RIA Novosti) Russian President Dmitry Medvedev Wednesday said turning the Russian ruble into a regional reserve currency was an important strategic objective. "In a period of global financial ...

RIA Novosti St. Petersburg, June 8 (RIA Novosti) Plans to make the Russian capital a global financial hub will be drawn up in the next few weeks and presented to the leadership, a ...

Abu Dhabi, June 3 (IANS) US Treasury Secretary Henry Paulson has defended the dollar's status as the world's reserve currency and said that despite challenges at home and internationally, the US currency ...