Posted in IMF, World Bank on 22. Mar, 2011
Finance ministers of the European Union (EU) Monday described the details of the bailout funds that have a permanent capital base of 700 million Euros (987 billion) to tackle the debt crisis in future sovereign. “I can tell you that we agree on all elements of the ESM (European Stability Mechanism), and I am delighted [...]
Posted in Global Finance, IMF on 20. May, 2010
DUBAI: Dubai World won support for its $23.5 billion restructuring plan from leading lenders Thursday, giving some relief to the heavily indebted Arab sheikdom whose credit crisis sparked fears across the globe. The state-owned company, which sits at the heart of Dubai’s more than $100 billion debt pile, said a coordinating committee representing about 60 [...]
Posted in IMF on 19. May, 2010
The market The currency trading (FOREX) market is the biggest and the fastest growing market on earth. Its daily turnover is more than 2.5 trillion dollars, which is 100 times greater than the NASDAQ daily turnover. Markets are places to trade goods. The same goes with FOREX. The Forex goods (or merchandise) are the currencies [...]
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