Argentina said on Tuesday it had stripped Bank of New York Mellon’s authorization to operate in the South American country, its latest move against the financial institution which blocked an Argentine government debt payment on the orders of a U.S. court. BNY Mellon, a financial intermediary between the Argentine government...
Caterpillar has evacuated a handful of employees from Liberia. Canadian Overseas Petroleum Ltd. has suspended a drilling project. British Airways has canceled flights to the region. ExxonMobil and Chevron are waiting to see whether health officials can contain the danger. The Ebola outbreak, which has claimed nearly 1,000 lives, is...
Pakistan has made progress in its economic reforms and the International Monetary Fund’s board will likely meet in late June to decide whether to clear the way for the latest installment in a $6.6 billion loan. Jeffrey Franks, IMF mission chief for Pakistan said “i’m encouraged by the overall progress...
A senior Chinese official hit back on Saturday at International Monetary Fund warnings that China’s economy faced the danger of a hard landing due to poor asset quality, saying the government was taking action to deal with financial risk. Chinese Vice Finance Minister Zhu Guangyao explained that China worked closely...
A senior Chinese official hit back on Saturday at International Monetary Fund warnings that China’s economy faced the danger of a hard landing due to poor asset quality, saying the government was taking action to deal with financial risk. Chinese Vice Finance Minister Zhu Guangyao explained that China worked closely...
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