Britain seeks gold mkt stability in IMF revaluation
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Any revaluation of International Monetary Fund (IMF) gold reserves would have to be done in a way which would preserve gold market stability, British Chancellor of the Exchequer Gordon Brown said on Monday.
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LONDON (Dow Jones)--Metropolitan Life Global Funding has mandated HSBC, Deutsche Bank and Royal Bank of Scotland to lead-manage its forthcoming sterling-denominated bond issue, one of the lead managers said Thursday.
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Global finance chiefs sought on Friday to put pressure on China to let its currency rise in value to ease global trade imbalances and also aimed to craft a message to soothe turbulent financial markets.
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British finance minister Alistair Darling called Friday for &quot;international action&quot; to confront risks to stability in the banking sector after the bailout of major British mortgage lender Northern Rock.
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British Chancellor Gordon Brown believes action must be taken to protect economic growth. Photo: AP. The global economic recovery is at risk unless governments tackle growing trade imbalances
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Sterling remained solid against both the dollar and the euro -- which dipped below 0.6850 pounds -- as a week of strong data has prompted some re-evaluation of future interest rate expectations.
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The IMF overhauls the way it scrutinises exchange rate policies worldwide, to ensure the stability of the global economy.
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China&#39;s top Communist party leaders have called for stability in the country&#39;s monetary and fiscal policies and continued efforts to rein in growth in fixed-asset investment, in a
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The Group of Seven (G7) industrialised nations urges China to be more flexible on its currency.
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The IMF says China must not slacken efforts to ease too-rapid growth and urges it to reform exchange rates.
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Rich countries are likely to back Britain's bid to channel more debt relief and resources to Africa, which is ready to shake off the shackles of poverty, British finance minister Gordon Brown said.
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China will maintain a stable monetary  and yuan policy as it tries to keep inflation in check, state  media cited a central banker as saying, amid resurgent  speculation Beijing may tinker with the rigidly held currency.
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A mixture of problems including sharp currency fluctuations has led to uncertainty about how strong and durable the world recovery will prove, British finance minister Gordon Brown said yesterday.
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Britain is in a strong position to withstand the global turmoil in financial markets, a spokesman for Prime Minister Gordon Brown said Tuesday.
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The International Monetary Fund is worrying about the UK housing market again. It&#39;s been doing this for an awfully long time now, yet so far none of its doom laden warnings have come to pass.
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BEIJING : China&#39;s central bank said it would take a &quot;gradual and safe&quot; approach to loosening the yuan-dollar peg, following International Monetary Fund (IMF) calls to let the currency float in a wider margin.
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Prime Minister Gordon Brown set out his plan to reform the international financial system and restore stability to markets around the world in a Financial Times comment piece Friday.