IMF endorses Japan's preference of TPP over two-way trade deal
WASHINGTON: A multilateral framework like the Trans-Pacific Partnership pact works better in fixing trade imbalances than a bilateral deal, IMF Deputy Managing Director Mitsuhiro Furusawa said in an endorsement of Japan's calls for Washington to rejoin TPP.
For a long time, Italy has been Europe’s hidden crisis. Now, though, it’s becoming much more open. The problem is simple enough: Its economy has forgotten how to grow. Indeed, even if you cast things...
KUALA LUMPUR (Oct 22): Bank Negara Malaysia (BNM)'s international reserves slipped 0.19% to US$102.8 billion as at Oct 15, from US$103 billion as at Sept 28, after taking into account valuation changes.
BNM said in a statement today the reserves position is sufficient to finance 7.3 months of retained imports and is 0.9 times the short-term external debt.
Foreign currency, the biggest portion, slipped to US$97 billion as at Oct 15 from US$97.3 billion as at Sept 28, while the International Monetary Fund reserves position stayed at US$900 million.