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By Jon Hilsenrath Andrew Crockett, president of J.P. Morgan Chase International and former general manager of the Bank for International Settlements, a central bank for central bankers, says it is time to give Asia it’s due. Because Asia has become such an important player in global finance — in part becaue of it’s massive reserves — Asian policy makers should have greater representation in international financial bodies. That would include the International Monetary Fund and World Bank, but Mr. Crockett said Asian policy makers need to look beyond those instutitions. “It would be a mistake, in my view, to focus only on the IMF and World Bank,” he said at a luncheon address at the san Francisco Fed’s conference on Asia in Santa Barbara. The global financial architecture is going... [read full story]
TORONTO, ONTARIO--(Marketwire - Nov. 27, 2009) - Lingo Media Corporation ( TSX VENTURE:LM)(OTCBB:LMDCF ) (" Lingo Media "), a leader in online and print-based English language learning solutions, announces its financial results...
Finance Minister Korn Chatikavanij yesterday said Dubai World's default would not hit Thai exports to the Middle Eastern market, as other parts of the United Arab Emirates and the region remain economically sound.
"Prime Minister Binyamin Netanyahu weakened Israel this week. And he did so for no good reason." "Thursday's headlines told the tale. The day after Netanyahu bowed to US pressure and announced a total freeze on Jewish...
Rising fears of a possible debt default at a Dubai state-owned conglomerate is the catalyst for an "overdue correction" in equities and risk assets, the chief executive of top bond fund manager Pimco said in an interview on...
