IMF's Chief Economist Gita Gopinath will leave her job in January next year and return to the prestigious Harvard University, according to the global financial institution.
A strong and stable dollar is both in the American interest and in the interest of the global economy, US Federal Reserve Board chairman Ben Bernanke said on Wednesday.
The Federal Reserve chairman highlighted the recent recovery in consumer spending and said there were "signs of bottoming" in the housing market.
The list of 22 leaders was compiled in association with Harvard Kennedy School. It also includes Federal Reserve Board Chirman Ben Bernanke, Newark city Mayor Cory Booker, Cisco Systems CEO and Chairman John Chambers and playwright-activist Eve Ensler.
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This was the weakest endorsement ever extended to a chairman in the central bank's 96-year history.
Taking a cue from his hero Abaraham Lincoln, US President Barack Obama should discharge his economic commanders -- Treasury head Timothy Geithner, Fed chairman Ben Bernanke and SEC chief Mary Schapiro -- for not being up to the task, media moghul Steve Forbes has said.
American President Barack Obama on Tuesday extended the tenure of US Federal Reserve Chairman Ben Bernanke by another term.
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Whatever it be, an official statement from you clearly defining the extent of the problem, would be in order. At least that in my opinion, sir, would put an end to the uncertainty that is plaguing the financial markets all across the globe. And, sir, as you know, markets abhor uncertainty, for lack of trust is highly corrosive.
Overconfident, overpaid and everywhere - the 2007 vintage of MBAs.
From India's perspective, a decline in the dollar against the major currencies invariably means appreciation for the rupee.
The markets opened with a significant positive gap joining the rally in markets across the globe
A day after Federal Reserve Chairman Ben Bernanke announced the rate cut, FIIs bought shares worth over Rs 2,400 crore (Rs 24 billion), lifting the index up by 650 points, one of its biggest intra-day gains.
Federal Reserve chairman Ben Bernanke touched off the biggest one-day rally in US stocks this month by hinting that the Central Bank is almost done with raising interest rates. The indices had their biggest rise since June 29.
The Sensex closed with gains of 202.33 points or 1.87% at 11,014.97 above the 11000 level.
The gold and crude oil prices, which have risen to records this year, may ease a little if the US central bank Federal Reserve cut rates at its meeting on Tuesday, an analyst said.The Fed is scheduled to meet today to consider revision of interest rates. The US banking sector regulator has already cut the rate at which it lends to banks by 0.25 per cent to 3.25 per cent at an emergency weekend meeting on Monday.
Rupee, he said, is not in shambles and "we should not be overtly pessimistic".
sharper-than-expected economic recovery back home, analysts say, can fuel a further rally in domestic cyclicals, industrials, and financials as global central banks continue with their easy money policy.
Government is also will also enter into an agreement with Japan for a $50 billion swap.
Terming the sudden outflow of $5 billion as "unfortunate", Finance Minister P Chidambaram on Tuesday said there should, however, be no room for pessimism as fundamentals of the economy are intact and government is moving ahead on the reforms path.
Firm equity market failed to restrict the rupee's fall against the dollar
'Helicopter drop' was first proposed as an alternative to quantitative easing.
US President Barack Obama has nominated Janet Yellen to head the Federal Reserve Board, describing her as one of America's "foremost economists and policy makers".
Investor wealth slumped by Rs 1.55 lakh crore on Thursday today, dragged down by massive selling in the stock markets where nearly seven out of ten shares closed lower.
Announcing her appointment, IMF Managing Director Christine Lagarde hailed the Mysore-born Gopinath as "one of the world's outstanding economists with impeccable academic credentials, a proven track record of intellectual leadership and extensive international experience".
The rupee's plunging to record level and a sharp fall in the equity market are knee-jerk investor reactions to the US Federal Reserve's saying the it will slow down bond-buying programme in view of improving American economy.
However, FII outflows of Rs 545 crore (Rs 5.45 billion) capped the gains in the rupee, which had slumped by 126 paise in past two days.
He said cheap valuations, improving sentiment and the ongoing reform momentum coupled with increased transparency due to the internet are driving investors to the Dalal Street.
She will replace Ben Bernanke as the Chair of the Federal Reserve.
Christine Lagarde warned of a repeat of high market volatility.
India says it gives equal treatment to foreign companies on tax matters, not special consideration.
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