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The International Monetary Fund (IMF) has warned that China's banks face growing risks that might hamper growth, adding to concern about the world's second-largest economy amid Europe's debt crisis. Full Article at Independent.ie
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The IMF's comments add to warnings by industry analysts that state-owned banks face a possible rise in bad loans and other problems after a lending boom that helped China rebound quickly from the 2008 global crisis. Full Article at Independent.ie
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Beijing could reduce its banking risks by making the industry more market-oriented and reducing the government's dominant role in making lending decisions, the IMF said. Full Article at Independent.ie
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Instead, the fund will be "leveraged" to over €1 trillion by using the remaining cash to partially guarantee bond sales by weakened governments such as Ireland's.As part of that plan, China and the IMF could be asked to come on board to help boost the fund's... Full Article at Independent.ie
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Buy This Photo FILE - In this Dec. 19, 2011 file photo, former IMF head Dominique Strauss-Kahn gestures as he speaks... Full Article at Cape Cod Online
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Ghana’s economy was described by the Bretton Wood institutions – the World Bank and the International Monetary Fund... Full Article at The Ghanaian Chronicle
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Looming elections in France and Greece, along with weak service-sector data, dented the euro. [CNBC] The dollar rose... Full Article at CNBC
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BEIJING, May 4 — The United States supports China’s bid to have the yuan included in the International Monetary... Full Article at The Malaysian Insider
Connected Photos
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People�s Bank of China Governor Zhou Xiaochuan, right, speaks with Jianhai Lin, Secretary of the Fund, during an International Monetary and... View Photo »
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China's Central Bank Governor Zhou Xiaochuan takes his seat during a G-20 finance ministers and central bank governors meeting, Friday, April... View Photo »
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China's Finance Minister Xie Xuren walks to his seat during a meeting on sustainable development at the IMF and World Bank Group Spring Meetings... View Photo »
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This photo taken on April 16, 2012 shows containers being transported at the Yangshan Deep Water Port in Shanghai. The International... View Photo »
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International Monetary Fund (IMF) chief Christine Lagarde, right, reacts, during an IMF-supported conference on sustaining high-quality... View Photo »
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