Page 13 - Mark Sobel News Today : Breaking News, Live Updates & Top Stories | Vimarsana

A helping hand from China saw Argentina avert a default with the International Monetary Fund for the second time in 30 days, as the cash-strapped country tapped almost $3 billion of a Beijing currency swap line to pay the multilateral lender. Accessing yuan to make the payment not only offered a lifeline to Latin America's third-largest economy which is battling an acute scarcity of dollars, it also allowed the Washington-based lender to keep a $44 billion program alive with its biggest single country debtor, analysts say. "China is not trying to supplant the IMF," said Matthe...

LONDON : A helping hand from China saw Argentina avert a default with the International Monetary Fund for the second time in 30 days, as the cash-strapped country tapped almost $3 billion of a Beijing currency swap line to pay the multilateral lender.Accessing yuan to make the payment not only offered a l

Fitch Rating's decision to cut the U.S. government's credit rating represents the latest in a series of blows to the U.S. dollar's international standing and...

The appointment of Pan Gongshen comes at a delicate time for China. But he is used to solving big problems.

Pan Gongsheng’s lack of a power base within the Communist Party may be offset because he commands the top two spots at the central bank.