25 Sep '11, 12am

US, China at odds over IMF's financial resources

WASHINGTON: The United States and China have diametrically opposing views on the International Monetary Fund's financial resources. Washington sees adequate firepower, whereas Beijing says it may be insufficient in the face of the eurozone debt crisis. "As the European sovereign debt crisis unfolds, demand for IMF financing from its members has increased dramatically," China's central bank chief, Zhou Xiaochuan, said in a speech Saturday to the IMF steering committee. "However, its available financial resources may not be adequate to meet the potential needs of the crisis-hit countries." The United States is on the opposite track. "The IMF has adequate resources," a US Treasury official who asked not to be identified said Wednesday. The official pointed to a November 2010 agreement to double the permanent contributions, or quotas, of its member states. But before the quota...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

Tweets

IMF, World Bank eye carbon tax on airline, ship...

channelnewsasia.com 24 Sep '11, 1am

WASHINGTON, USA: The World Bank and IMF are proposing global carbon taxes on aviation and ship fuels in developed economie...

How financial advisors can trick you into signi...

tankinlian.blogspot.com 23 Sep '11, 7am

A consumer came to see me about her investment. She wanted to invest her salary for retirement. A financial adviser sold h...

Myanmar calls in IMF to help cool soaring currency: YANGON - "How much do you want?" the old lady asks, pulling

Myanmar calls in IMF to help cool soaring curre...

channelnewsasia.com 21 Sep '11, 5am

YANGON - "How much do you want?" the old lady asks, pulling out a wad of notes. Despite a soaring currency that has led My...

Financial system gets less stable

tankinlian.blogspot.com 28 Sep '11, 11pm

There is however one exception, our financial system - it seems to get less stable with each passing year and generates cr...

More options for China travellers: By Kristine ...

channelnewsasia.com 26 Sep '11, 11am

SHANGHAI: The Beijing-Shanghai travel route is the most lucrative in China. Thanks to a new high-speed rail link and budge...

IMF Broke: Brace For Wall Street Impact TODAY #...

fragerfactor.blogspot.com 26 Sep '11, 4am

Defining Existential Economics “In a perfect world… the job of economics is to constantly negotiate between open and close...

It's Ecological Debt Day - for the rest of 2011 we are living beyond nature's means

It's Ecological Debt Day - for the rest of 2011...

neweconomics.org 27 Sep '11, 12pm

Image by angela7dreams via Flickr. Just like any company, nature has a budget - it can only produce so many resources and ...

Do you know where the money you spend actually comes from? You might be surprised

Do you know where the money you spend actually ...

neweconomics.org 29 Sep '11, 11am

we read literally hundreds of documents published by the Bank of England and other academic sources and consulted with exp...

Your go-to guide for everything $$ and investme...

emmagem.com 27 Sep '11, 2am

Sua is attached to the number one unit trust company which has won a multitude of awards, and her credentials include youn...

Navy driving China's military expansion ~ AsiaOne

Navy driving China's military expansion ~ AsiaOne

asiaone.com 25 Sep '11, 8am

By Guillaume Klein AFP Sunday, Sep 25, 2011 SHANGHAI - China's navy is playing an important role in the country's drive to...

China Warns Asia Not to Hide Behind U.S. Military:

Asian countries should be on guard against the “danger” of feeling they can “do whatever they want” because of the U.S. mi...

Calling it the "KGB-isation" of China's police,...

straitstimes.com 29 Sep '11, 3pm

BEIJING (REUTERS) - One of China's most prominent dissidents, Hu Jia, has called on Chinese lawmakers to reject draft legi...