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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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 pound stabilised after falling due to continued weaknesses in British economic data.
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WASHINGTON : The head of the International Monetary Fund urged China to begin moving toward greater currency flexibility, taking advantage of its booming economic growth pace.
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London equities were higher on Thursday, joining a global rally inspired by the US Federal Reserve&#39;s pledge to protect the economy from turbulence on world credit markets.
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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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The International Monetary Fund (IMF) has nominated Australia as one of the countries where recent house price increases are difficult to explain in terms of economic fundamentals.
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Global finance chiefs sought a way  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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The International Monetary Fund will  look into using its huge gold reserves to help finance debt  relief for the world's poorest countries on the urging of the  Group of Seven rich nations, ministers said on Saturday.
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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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Gold rose to a new 16-year high in London on Thursday as the dollar fell to a record low against the euro, increasing the appeal of the US denominated commodities as a hedge against declines in US asset prices.
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MOSCOW. Sept 13 (Interfax) - The International Monetary Fund (IMF) believes the situation is right for Russia to consolidate its achievements and to continue with economic reforms, IMF First Deputy Managing
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With no major economic crises brewing, the head of the International Monetary Fund on Saturday urged world financial leaders to seize the period of calm as a time to tackle weak spots in their economies.
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Nearly a decade ago, the International Monetary Fund drew rebukes for prescribing drastic reforms during the Asian economic crisis that erupted in 1997. Today, the IMF is again battling controversy, with some saying its efforts to give more say to emerging economies are not enough.
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Global finance chiefs on Saturday  called for a more broad-based effort to calm financial markets,  including tighter scrutiny by the International Monetary Fund  and other institutions of increasingly powerful state-owned  investment funds.
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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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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.