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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The International Monetary Fund said Friday China remains reluctant to float its currency. In its discussions with Chinese authorities about the country&#39;s economy, the IMF said
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Gold fell to a near four-month low on  Monday as the market tried to guess what the IMF might say  about using its huge gold reserves to help finance debt relief  for poor countries.
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The European Union broadly backed Dominique Strauss-Kahn as the next head of the International Monetary Fund. Yet Britain said the race remained open.
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With the global economy under threat from rising oil prices and sharp regional growth differences, the International Monetary Fund appealed to governments to act boldly to preserve a worldwide recovery.
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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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LONDON The possibility of a further slide in the dollar and a decline in demand for US assets has become a potential risk to financial stability, the Bank of England said on Monday in its semiannual Financial Stability Review.
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The IMF has pointedly cited Britain -- which has undertaken liberal economic reform -- as an example to follow for the 12-member eurozone.
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The International Monetary Fund Monday raised its 2007 growth outlook for Britain's economy to 2.9 percent on Monday, while warning about risks including a frothy property market.
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Gold was little changed in London, as the dollar remained steady against the euro on expectations the US Federal Reserve will raise rates for a fifth time this year today and that the nation&#39;s trade deficit widened in October.
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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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Pacific Rim finance ministers called on  Friday for some emerging Asian economies to show greater  currency flexibility to address global imbalances and for the  group to work toward reviving world trade talks.
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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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Gold fell to a near four-month low on Monday as the market tried to guess what the IMF might say about using its huge gold reserves to help finance debt relief for poor countries.
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URGENT action is needed to ensure sky-high oil prices do not derail the global economic recovery, the International Monetary Fund said yesterday.
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The International Monetary Fund (IMF) says that the Jamaican authorities have succeeded in stabilising the economy and restoring market confidence - after last year&#39;s foreign currency instability - but warns that the huge public debt remains an area of ...
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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