Capital outflows from developing countries reached $120 billion last quarter, the most since 2009, fueled by an exodus from China amid concern over the strength of the country’s economy, according to JPMorgan Chase & Co.
The Group of Twenty Finance Ministers and Central Bank Governors (G-20, G20, Group of Twenty) is a group of finance ministers and central bank governors from 20 major economies: 19 countries plus the European Union, which is represented by the President of the European Council and by the European Central Bank.
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Showing posts with label Foreign reserves. Show all posts
Showing posts with label Foreign reserves. Show all posts
7/20/2015
11/12/2014
Swiss Franc Intervention Looms on UBS Radar as Cap Nears
Switzerland’s franc retreated from within 0.1 percent of the level at which UBS AG, the nation’s largest lender, says the central bank may step in to defend its cap on the currency.
10/21/2014
Russia Rating Cut by Moody’s on Sluggish Economic Growth
Russia’s ruble dropped and sovereign bonds were little changed after the country’s credit rating was cut to the second-lowest investment grade by Moody’s Investors Service amid sanctions over Ukraine.
7/15/2014
South Korea quietly intervenes on the won to bolster economy
(Reuters) - South Korea's foreign exchange authorities have been engaged in a quiet war in recent months to hold down the won, throwing more firepower at it than for years in a bid to support exports and help keep the economy on its fragile recovery track.
9/10/2013
Russia to Brazil Intervention Adds to U.S. Debt Distress
Investors suffering the worst losses in Treasuries since at least 1978 can add dollar sales by emerging-market central banks to their list of challenges.
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