Forum Views ()
Forum Replies ()
Read more with google mobile :
IMF meets central bank chiefs in Shanghai
Yahoo!
My Yahoo!
Mail
More Yahoo! Services
Account Options
New User? Sign Up
Sign In
Help
Yahoo! Search
web search
Home
Singapore
Asia Pacific
World
Business
Entertainment
Sports
Technology
Weekend Edition
Singapore
Asia Pacific
World
IMF meets central bank chiefs in Shanghai
AFP - Monday, October 18
Send
IM Story
Print
IMF meets central bank chiefs in Shanghai
Slideshow: Full Photo Coverage: Business & Economy
SHANGHAI (AFP) - – The International Monetary Fund was meeting central bank officials in China Monday to discuss ways to strengthen the global economic recovery, amid mounting fears of a damaging all-out currency war.
The People's Bank of China hosted the conference in the country's financial hub Shanghai, bringing together central bank chiefs and other officials from Asia, Africa, Europe, and North and South America, the IMF said.
The Shanghai conference follows IMF and World Bank annual meetings earlier this month, where finance officials discussed how to strengthen the recovery from the worst recession since World War II and the global financial system.
It also comes ahead of this week's key Group of 20 meeting in South Korea, where currency reform is expected to dominate talks, amid fears that nations could adopt trade barriers to counter the rising prices of Asian exports.
"The conference is part of the ongoing international examination of the policy challenges posed by the global financial crisis," the Washington-based IMF said in a statement.
PBOC chief Zhou Xiaochuan and IMF managing director Dominique Strauss-Kahn will co-chair the meeting, the institution said.
The US Federal Reserve was expected to be represented by Kevin Warsh, a member of the central bank's policy-setting Federal Open Market Committee.
Monday's meetings had been planned for several months and Il-Houng Lee, the IMF's resident representative in China, said all discussions would be carried out behind closed doors.
The talks were focused on macro-prudential policies -- the big systemic picture of reducing the risk of too-big-to-fail institutions, Chinese central bank policy adviser Xia Bin told reporters outside the meeting room.
A news conference has been scheduled for 6:00 pm (1000 GMT).
In the run-up to the G20 finance ministers' meeting, which begins Friday in preparation for a Seoul summit next month, South Korea has warned that frictions over the currency upheaval are growing and could lead to trade protectionism.
The United States, facing mid-term elections next month, has ratcheted up the pressure on China to allow the yuan to rise more rapidly, but Beijing insists its currency must not be used as a "scapegoat" for US economic woes.
With Beijing keeping a tight grip on the yuan, many other Asian economies are suffering as their currencies soar against the dollar. Despite Europe's debt woes, the euro has also surged.
In its statement, the 187-nation IMF added the meeting followed an IMF-sponsored gathering in South Korea of Asian policymakers and leaders in July, at which it "committed to forging a new relationship with the region."
A year ago, the Group of 20 developed and developing nations tasked the IMF with stepping up its focus on global systemic stability.
Authorities agreed a broader approach was needed to spot weakness in the increasingly interconnected financial system, to complement the traditional micro-prudential regulations of bank-by-bank audit and supervision.
Asia-Pacific leaders will meet for a summit in Japan following the G20 gathering in Seoul next month.
Recommend
Send
IM Story
Print
Related Articles
US-BUSINESS Summary Reuters - 29 minutes ago
Fund orders for AIA IPO to close early on strong demand Reuters - 29 minutes ago
RPT-GLOBAL MARKETS WEEKAHEAD-Investors eye FX wars, budget cuts Reuters - 31 minutes ago
MONEY MARKETS-Thai swap rates rebound on profit taking Reuters - 32 minutes ago
RIM launches new service in Middle East - co-CEO Reuters - 33 minutes ago
News Search
Top Stories
Gene found to play key role in depression
US vows marijuana enforcement despite California vote
ECB warns on currency, calls for euro sanctions
Everton down Liverpool as new era starts with loss
Chile miners return to Camp Hope
More Top Stories »
Related Full Coverage
China Economychina economy
All Full Coverage »
ADVERTISEMENT
Most Popular
Most Viewed
Most Recommended
Time, like all good things, may come to an end: study
World's longest tunnel breaks down Swiss Alpine barrier
Iranian chocolate thief 'to have hand chopped off'
NESV seal acrimonious Liverpool takeover
Blonde or brunette? Celluloid rivals fight it out
More Most Viewed »
Time, like all good things, may come to an end: study
Too much TV psychologically harms kids: study
British lottery winner gets record 129 mln euros
Iranian chocolate thief 'to have hand chopped off'
Workers swarm Europe's streets in anti-cuts protests
More Most Recommended »
Elsewhere on Yahoo!
Financial news on Yahoo! Finance
Stars and latest movies
Best travel destinations
More on Yahoo! News
Home
Singapore
Asia Pacific
World
Business
Entertainment
Sports
Technology
Weekend Edition
Subscribe to our news feeds
Top StoriesMy Yahoo!RSS
» More news feeds | What are news feeds?
Also on Yahoo!
Answers
Groups
Mail
Messenger
Mobile
Travel
Finance
Movies
Sports
Games
» All Yahoo! Services
Site Highlights
Singapore
Full Coverage
Most Popular
Entertainment
Photos
Yahoo! News Network
Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved.
Terms of Service |
Privacy Policy |
Community |
Intellectual Property Rights Policy |
Help
Other News on Monday, 18 October 2010 ECB warns on currency, calls for euro sanctions
Saudis say al Qaeda targeting France: minister
|
Iran arrests six Afghan military officers, soldier: report
Privacy a Facebook priority, says director Randi Zuckerberg
Saudis warn Europeans of terrorist threat: French minister
Syrian, Saudi leaders met to discuss Lebanon, Iraq
Everton down Liverpool as new era starts with loss
Pakistan PM plays down prospect of row with judges
|
France seeks to calm fuel fears as strike momentum builds
Iraq PM seeks regional support for new term
FBI Previously Alerted By Convicted Terrorist's Wives of 2008 Mumbai Massacre
Chile miners return to Camp Hope
Frozen Vegetables Recalled, May Have Glass Fragments
Israeli inquiry issues call for flotilla witnesses
Iran warns domestic media over opposition news
Afghan: Consult system on military ops not working
Iraq PM seeks regional support for new term
|
Syrian, Saudi leaders met to discuss Lebanon, Iraq
|
Over 100,000 evacuated in rain lashed Hainan: state media
Gunman kill 29 in Pakistan's Karachi as election held
Commonwealth Games chief rejects corruption claims
Zambia to charge Chinese mine bosses over shooting
Thai Red Shirts stage mass rally
Vietnam floods leave 14 dead as thousands evacuated
Pakistan political violence kills 21 in Karachi
Thai "red shirts" rally to demand leaders be freed
US-ENTERTAINMENT Summary
"Jackass 3D" pranksters top box office a 3rd time
Roman soldiers, Celtic warriors re-enact battle
Pope Declares Six New Saints
Pope Announces First Australian Saint
Qatar School Bans Teachers from Getting Pregnant
Jackass daredevils top box office for third time
|
Actresses take center stage on Oscar watch list
|
Rush hour bomb kills three in Afghan city
France seeks to calm fuel fears as strike momentum builds
US-TECH Summary
Clearwire and Sprint set big city high-speed launches
Some private security firms to stay in Afghanistan
Little hope for miners in latest China disaster
|
Al-Qaeda reaches out armed with English, Internet
Gene found to play key role in depression
Bomb kills 3 Afghans; NATO detainee found dead
Mob attacks Kuwait TV station over royal "insult"
Skype and KDDI partner in Japan
US vows marijuana enforcement despite California vote
Setback for Brazil's Serra as Greens stay neutral
|
US office-seekers dip into digital toolkits as vote looms
Super typhoon hits Philippines
|
Gates: No sensitive info in WikiLeaks Afghan papers
German ministers slam Facebook for privacy glitch
Mob attacks Kuwait TV station over royal insult
|
Global Weather-Celsius
Privacy a Facebook priority, says director Randi Zuckerberg
Japan PM worried over safety of Japanese in China
|
Thai PM in court as party faces ban threat
PETA accused of exploiting filmmakers
China-Japan row simmers after street protests
Little hope for miners in latest China disaster
S.Korea says N.Korea's peace gestures not sincere
Japan PM wants China to ensure citizens' safety
Actresses take center stage on Oscar watch list
One dead as typhoon whips northern Philippines
Vienna Opera scores hit with 'Cardillac'
Japan PM's regret over China anti-Japan protests
Study predicts women in power, Muslims heading West
Clearwire and Sprint set big city high-speed launches
|
Stunt show 'Jackass' in 3D tackles box office
Super typhoon to hit north Philippines on Monday
Irish glass-making city shattered by economic crisis
Skype and KDDI partner in Japan
|
Strong storm heads for Philippines; thousands flee
IMF meets central bank chiefs in Shanghai
Italian animated film wins Anim'est award in Bucharest
Titanic survivor's tale of disaster sold at auction
US says Chinese firms ignoring Iran sanctions
Seoul shares slip amid caution; Hana Fin gains
Taiwan dlr gains limited as USD climbs after Bernanke
Global leaders mull joint governance ahead of G20
S.Korea c.bank plays down global economy double-dip risk
NZ inflation tame, no rush to raise rates
S.Korea bonds weaker; c.bank parliament audit eyed
S.Korea c.bank warns of more steps over FX debt
Seoul shares edge up as tech shares advance
Canadian cops probe Justin Bieber laser tag mishap
|
Jackass daredevils top box office for third time
|
Iraq PM Maliki in Iran as rival cries foul
RIM starts new Mideast services after escaping UAE ban
U.S. says Iran has a role in Afghan talks
|
Turkey begins trial of 151 pro-Kurdish politicians
IMF chief warns global recovery 'in peril' i
Apple's earnings to showcase one-two punch
Bin Laden 'living comfortably in Pakistan'
Cyber attacks, terrorism top UK threats: officials
|
Skype forms tie-up with Japan's KDDI
Iran's Khamenei calls for Iraqi government formation
|
Hilton Chicago Workers On Third Day Of Strike
Afghan gunmen kill 9 guards protecting NATO convoy
French protests intensify, government stands firm
|
First Footage From "Scream 4" Premieres At Spike TVs Scream Awards
Search Suspended For Missing FL Kayaker
Music streaming seen boosting mobile sales: study
Cracks appear in Chile miners' 'pact of silence'
|
Reporter Cuffed, Detained By Alaskan Senatorial Hopeful Guards
Iran says ready for nuclear talks if agenda clear
|
Facebook apps leak user information: report
Sally Field Opens Up About Her Life As An Empty Nester On "The Nate Berkus Show"
Pakistan party pressures government on Karachi violence
|
Moscow court jails three for Chechen murder
|
Pentagon braces for huge WikiLeaks dump on Iraq war
FDA Approves Botox For Migraine Treatment
Bombardier Unveils New Business Jets
Finnish firm finds hard-to-detect online attacks
Detainee in NATO Afghan custody found dead
|
Heart Association: CPR Change Starts With Chest Compressions
Myanmar's Suu Kyi wants to use Twitter after release
Facebook founder eyes China, faces death threats in Pakistan
Myanmar bars foreign monitors, media for election
Studies Downplay Risk Of Moderate Drinking By Pregnant Women
Breakthrough: Brain Surgery by Drilling Through The Nose
Thai PM Abhisit testifies in political funding case
Mumbai attacks gunman begins death sentence appeal
China Vice-President given key military posting
Jagger's ex rejects 'tiny todger' jibe
Gaza tunnellers turn former lifeline into export channel
China mine toll hits 31 as anger rises over rescue
China quake film tops Asia Pacific award nominations
Passion dominates piano competition on Chopin's bicentennial
Facebook apps leak user information: report
|
Cape Town city and graffiti artists face spray-off
Apple's earnings to showcase one-two punch
|
Indonesia to probe fresh torture claims: police
PETA accused of exploiting filmmakers
Cyber attacks, terrorism top UK threats: officials
|
Firms lose more to electronic than physical theft
|
Finnish firm finds hard-to-detect online attacks
|
Pakistani stocks, o/n rates end up; rupee flat
Neil Patrick Harris to direct romantic comedy
Canadian cops probe Justin Bieber laser tag mishap
RIM starts new Mideast services after escaping UAE ban
|
China aims for 'relatively fast' growth through 2015
Music streaming seen boosting mobile sales: study
|
Asian markets slip as Bernanke fails to lift sentiment
Pentagon braces for huge WikiLeaks dump on Iraq war
|
S.Korea's KEPCO wins $1.5 bln plant order for UAE
Wal-Mart, Gap to launch online stores in China
Cambodian state pay to jump under higher 2011 budget
S.Korea c.bank: not opting to control capital flows
US has 'double standards' in currency dispute: China
Actresses take center stage on Oscar watch list
|
Jolie wins permit back for Bosnian film
|
Bret Michaels hits reality road again
|
PETA accused of exploiting filmmakers
|
China quake film tops Asia Pacific award nominations
|
Neil Patrick Harris to direct romantic comedy
|
Kid Cudi putting his troubles behind
|
Firms lose more to electronic than physical theft
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights