InfoAnda - China's global profile increases with key IMF post

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Attacks, clashes kill scores in Afghanistan | 25 June 2009
Merkel's new govt dubbed political 'Jurassic Park' | 26 October 2009
Costa passengers endure tropical climes without power | | 29 February 2012

Pakistan spies 'had role in Mumbai attack plans' | 19 October 2010

Forum Views () Forum Replies ()

Read more with google mobile : China's global profile increases with key IMF post

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 Singapore Asia Pacific World China's global profile increases with key IMF post AFP - Thursday, February 25 Send IM Story Print China's global profile increases with key IMF post Slideshow: Full Photo Coverage: Business & Economy WASHINGTON (AFP) - – China has won its highest-ever staff position in the IMF in a reflection of its growing economic might and the clamor by emerging nations for a bigger say in global finance. International Monetary Fund managing director Dominique Strauss-Kahn notified the fund's executive board on Wednesday of his intention to appoint the deputy Chinese central bank governor, Zhu Min, as his special advisor. It is the highest-level staff position attained by a Chinese citizen and follows appeals by China and other emerging nations for a bigger say in the running of the IMF and World Bank, the twin Bretton Woods institutions. Zhu, who joined the Chinese central bank in 2009 after more than a decade as a senior executive of the Bank of China, is expected to assume his position on May 3, the Washington-based IMF said in a statement. China hailed the move, saying it would pave the way for better cooperation between the IMF and emerging economies, which have battled for years for a greater voice at the multilateral table to better reflect their growing weight in the global economy. "I would say that China welcomes Mr. Zhu's appointment, which we hope will help strengthen cooperation between the emerging economies, including those in Asia, and the IMF, contributing to sustained growth of world economy and international financial stability," Chinese embassy spokesman Wang Baodong told AFP. Strauss-Kahn said that Zhu, who holds an economics doctorate from Johns Hopkins University and was once a World Bank economist, brought "a wealth of experience in government and the financial sector" to the fund. Zhu would strengthen the Fund's understanding of Asia and emerging markets, he said. Most Asian countries are still wary of turning to the IMF for assistance after its heavy-handed actions during the 1997-1998 regional financial crisis. The IMF had stepped in with major lending programs for Thailand, South Korea and Indonesia, which were among the worst hit by the financial crisis but the stringent conditions that came attached worsened the situation, critics had said at that time. Malaysia chose instead to peg its ringgit to the US dollar to protect it from currency speculators, a form of capital control that was criticized at the time by the IMF. But the IMF agreed in a report Tuesday that some emerging market countries will have to design policies to manage large capital inflows, reversing the fund's past opposition to such government intervention. "The right policy responses will differ depending on individual country circumstances, and may include... when necessary, carefully designed temporary capital controls," the report said. Zhu's appointment and the perception shift over capital controls were all part of a broader change within the IMF over the last 18 months or so, said Derek Scissors, an expert on Asia economic policy at the Heritage Foundation. "IMF has changed its tune over China dramatically," he said, cautioning that the fund might have to grapple with increasing criticism from the United States and Europe that China deliberately undervalues its currency for trade gains. Zhu's appointment followed a decision by leaders of the Group of 20 industrialized and emerging nations to give a bigger voice to developing countries at the fund, long considered a rich nations' club. The G20 also endorsed a shift of "at least five percent" in quota share, or voting power, to emerging market and developing countries, part of the reform of the governance and structure of the lumbering Bretton Woods institution, founded in the aftermath of World War II to promote financial stability. Last year, Justin Yifu Lin of China became the first World Bank chief economist from a developing country. Key emerging nations have called for the IMF quota share of the most developed countries to be reduced to 50 percent from 57 percent. The United States has proposed that over-represented developed countries -- an indirect way of designating European countries -- transfer 5.0 percent of their voting rights to the under-represented. China, with its current 3.72 percent of the vote, has less influence than France, at 4.94 percent, although its economy is one and a half times the size, according to IMF data. Recommend Send IM Story Print Related Articles Asian stocks fall as new Greece worries weigh AP - 33 minutes ago Manila says may still go for eurobond issue this year Reuters - 40 minutes ago China looks to maintain value with FX investments Reuters - 59 minutes ago Indian bond yields steady; next fiscal borrowing key Reuters - 59 minutes ago Turkey - Factors to Watch on Feb 25 Reuters - 59 minutes ago News Search Top Stories Crunch time for Obama's landmark health reforms GM to end Hummer as deal with Chinese firm fails Trainer dies in SeaWorld killer whale 'attack' Dubai hunts 15 new Western suspects over Hamas hit Darfur war over, says Sudan's Beshir More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Trainer dies in SeaWorld killer whale 'attack' Date-rape drugs, illegal online pharmacies on rise US Navy lifts ban on women in submarines: officials Dubai hunts 15 new Western suspects over Hamas hit GM to end Hummer as deal with Chinese firm fails More Most Viewed » Third-hand smoke also bad for you: study DNA reveals some mystery on King Tut, raises questions Pitt, Jolie sue British paper over split claims Sugary soft drinks linked to pancreatic cancer: study Scientists recreate Big Bang heat of 4 tln degrees C 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 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 Asia Entertainment Photos 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 Thursday, 25 February 2010
Dubai 'has 15 new Western suspects in Hamas killing'
Drink-driving German woman bishop quits
German publishers fear Apple censorship
Bernanke sees extended low rates to fuel recovery
Dubai now seeking 26 suspects in Hamas killing
Yanukovych to take Ukraine presidency
Record-smashing Tendulkar helps India clinch series
U.N. rights chief defends Goldstone Gaza findings |
Russian police deny abducting migrants for labour
Washington Post quarterly net profit up four-fold
Date-rape drugs, illegal online pharmacies on rise
Russia says won't back "crippling" Iran sanctions
Google execs convicted for Italy autism video
Bashir says Darfur war over as rebels freed |
Police Apprehend Divorced Panty Pincher
Bernanke sees steady recovery, expects extended low rates
Hundreds Of Cruise Ship Passengers Fall Sick With Stomach Illness
Russia links Iran arms sale to regional tensions
WHO says too early to declare swine flu peak over
Rights group criticizes Cuba in prisoner's death |
Downturn 'fuels attacks on business online systems'
Macy's Flagship Store Evacuated After Electrical Fire In Sub-Basement
NATO falls short in push for new trainers |
Too early to declare swine flu peak over: WHO
May 4, 1970 Kent State Shootings Site Added to National Register Of Historic Places
Iran says new IAEA head's report misleading, biased |
Police Arrest Man For Attempted Tree Detonation
Twelve officers charged over Turkey coup plot |
Freddie Mac Fourth Quarter Loss Narrows
South Florida Authorities Charge Six In Human Smuggling Operation
New Home Sales Take Unexpected Dive In January
Two Girls Unknowingly Call Cops While Burglarizing Vehicle
Friendly Drunk Quizzes Cop On Drink Of Choice
Record-smashing Tendulkar helps India clinch series
Watching the Games? Switch on your cellphone |
China mulls defence industry subsidies: state media
Afghan official: Pakistan to give up Taliban No. 2
Nintendo handheld game system DSi XL coming to U.S. |
U.S. sends 4 Guantanamo prisoners to Albania, Spain
Five killed in Kashmir gunbattle: Indian army
Stage set for healthcare political drama in U.S.
Afghan body counts 28 civilian deaths in Marjah
India, Pakistan go back to talks but face hurdles
Losing Google would hit Chinese science hard |
Nepal asked to strengthen laws on foreign adoption
Pakistani officials: Suspected US missiles kill 4
Cambodian PM accuses opposition chief of treachery
US envoy: Important to resume NKorea talks quickly
China bank official named special advisor to IMF chief
T Rowe Price hits Taiwan in Asia expansion
Toyota accelerator problem probed in home country
US-ENTERTAINMENT Summary
Long-delayed India 3G auction set for April
Chemical poisoning at Nokia supplier's China plant
Pakistani rupee weakens; stocks and o/n rates down
LG recalls one million washers after boy's death
UN chief: Reject skeptics, climate danger is real
S.African rector gives lessons in reconciliation after racist scandal
46 likely dead in Indonesian landslide: official
New Van Gogh painting authenticated
Child sex anti-smoking ad sets French tongues wagging
Zimbabwe hopes to offer haven for the World Cup-weary
Australians protest with 'vindaloo against violence'
Sade leads pop chart for second week |
In Milan, Elena Miro dresses trademark 'real' woman
Country stars Ferlin Husky, Jimmy Dean honored
Jarre concerts to be filmed with 3-D Avatar cameras
Country stars Ferlin Husky, Jimmy Dean honored |
Arctics, Kasabian compete for NME award
Chicago skyscraper wins 2009 architecture award
Argentina urges UN chief to intervene in Falklands row
Growing fury at Dubai killing reaches Australia |
10 billionth song downloaded from Apple's iTunes
GM to end Hummer as deal with Chinese firm fails
US cautiously supports Karzai on new election law
Army, Darfur rebels clash after ceasefire: rebels |
Europeans step up pressure for global halt to death penalty
Trainer dies in SeaWorld killer whale 'attack'
EU foreign chief hopes Moscow will support West on Iran
Jude Law, Justin Bieber Appearing On "SNL"
Growing fury at Dubai killing reaches Australia
Nintendo handheld DSi XL coming to U.S. March 28
SeaWorld San Diego Suspends Whale Show After Trainer Killed In Orlando
Dubai hunts 15 new Western suspects over Hamas hit
Turkish leaders to meet as coup plot storm gathers
Iran says new IAEA head's report misleading, biased
India, Pakistan hold talks, seeking to repair ties |
Clinton sounds upbeat on Israeli-Palestinian talks |
GM To End Hummer Brand After Sale Collapses
Darfur war over, says Sudan's Beshir
Thomson Reuters annual net profit down 35 percent
Tibetans, Han ignore politics to build uneasy ties |
U.S. Stocks Rally On Bernanke's Interest Rate Comments
Review website Yelp.com sued, accused of 'extortion'
Transgender group seeks end to Guyana dress code laws |
Toyota President Admits Safety Lapses During Congressional Hearing
Karzai criticized for changing Afghan poll watchdog |
Sting To Embark On World Tour Accompanied By The Royal Philharmonic Concert Orchestra
Apple holds annual meeting as stock seeks catalyst
Strong 5.9 quake hits off Nicaragua coast |
Sade Remains At #1 On Billboard Albums Chart For Second Week
US urges Brazil to fight movie, music piracy
Friendly Drunk Quizzes Cop On Drink Of Choice
Nintendo handheld game system DSi XL coming to U.S.
Pakistan intends to alter blasphemy law |
Two Girls Unknowingly Call Cops While Burglarizing Vehicle
US removes Saudi Arabia from IPR 'watchlist'
Losing Google would hit Chinese science hard
Police Apprehend Divorced Panty Pincher
South Korea court upholds death penalty |
Australian elephant blessed by Buddhist monks
Flood hits Indonesian village, 4 dead or missing
Magnitude 5.1 earthquake hits southwestern China
Thai customs seizes 2 tons of ivory
Apple holds annual meeting as stock seeks catalyst |
China warns US over future Taiwan arms sales
Virgin Media signs video Web deal with Brightcove |
India, Pak to hold first talks since Mumbai attack
Tongan ferry disaster captain charged
Australia warns Israel over Dubai assassination
Orca kills trainer at Florida's SeaWorld
NATO issues directive restricting night raids
Nintendo handheld game system DSi XL coming to U.S. |
UN plans Asia's 1st food relief hub for disasters
US-ENTERTAINMENT Summary
Church sues Hollywood for using Rio's Christ statue in movie
Seoul shares end lower on financials, techs
Honda launches sporty hybrid, vows to keep quality
China accuses US of misusing trade protections
Toyota chief's testimony closely watched in Japan
PAKISTAN
Search resumes for victims of Indonesian landslide
Fog disrupts 100 flights at Tokyo's Haneda airport
NZ business confidence at decade high
US-ENTERTAINMENT Summary
Google delays Android smartphone apps release in China
China's global profile increases with key IMF post
Sheen rehab could prove costly as show shuts down
Sheen rehab could prove costly as show shuts down |
GM to end Hummer as deal with Chinese firm fails
Day jobs on hold in chase for Olympic glory
Conan O'Brien joins Twitter
Doc turns business of Art into compelling drama |
Rock groups Kasabian, Muse lead major British awards
Anthony Hopkins takes demonic forces in The Rite |
Mickey Rourke to play Conan's father |
Sade leads pop chart for second week
Church sues Hollywood for using Rio's Christ statue in movie
Conan O'Brien joins Twitter |
Darfur rebels say attacked by army, war not over
Sarkozy pays homage to Rwanda genocide victims
US-TECH Summary
Pakistan to hand over Taliban No 2, says Afghanistan |
British lender RBS plans huge bonuses despite losses
Pressure mounts on Israel over Hamas killing
Former New Orleans Cop Pleads Guilty In Katrina Cover-Up Scandal
Facebook urged to act after memorial sites defaced
Slain Hamas man used many passports: confidant |
Northeast Under Siege With Second Winter Storm
North Korea, as usual, threatens South, U.S. over drill |
Tearful Toyota chief says sorry for auto defects
New Ukraine president pledges neutrality
Virgin Media signs video Web deal with Brightcove
Gays Could Get Their Way In Maryland
FDA Approves New Pneumonia Vaccine
Nigerians ask who's in charge, fear power struggle |
Crunch time for Obama's landmark health reforms
Vermont Senate Votes To Shutter Reactor By 2012
Syria and Iran defy Clinton in show of unity |
Jesus Luz Signs Music Deal With Madonna's Help
Algerian national police chief killed: ministry |
Missing Actor Andrew Koenig's Parents Leave "Larry King" Before Giving Live Interview
Yemen tries to revive remote region hit by al Qaeda |
"Avatar," Brendan Fraser Win First International 3D Awards
Bloom Energy Unveils Power-Plant-In-A-Box
Patricia Cornwell's Readers Not Pleased With Angelina Jolie's Kay Scarpetta Casting
Microsoft wins court approval to topple botnet: report |
Facebook urged to act after memorial sites defaced |
Apple holds annual meeting as stock seeks catalyst |
White House healthcare summit gets under way
India, Pakistan hold first talks in 15 months
Rivals India, Pakistan agree to "keep in touch"
Cablevision posts lower-than-expected profit |
Indonesian police arrest 3 militants in Aceh raid
China warns US over future Taiwan arms sales
Tree clearing suspected in Indonesian landslide
HK police arrest activist after democracy march
US envoy says N.Korea nuke talks could soon resume
Israel delegation in China to discuss Iran nukes
N.Korea blasts US-S.Korean war games
Thai court to rule on seizing Thaksin's fortune
Ranbaxy swings to profit despite FDA investigation
India predicts economy will bounce back to 9%
Suzuki recalls 430,000 vans in Japan
Philip Morris combines with Philippine company
Pakistani stocks end lower; rupee flat; o/n rates down
Taiwan export orders post record growth in January
8 Pacific states seeking to increase tuna returns
Italian Judge Finds 3 Google Execs Guilty Of Privacy Invasion
Japan sympathetic to tearful Toyota head
Hacker Steals, Shares Confidential Data Of Latvian Banks To TV Station
Japan stocks down on strong yen, Toyota falls
Hong Kong festival to highlight local films
Friendly Drunk Quizzes Cop On Drink Of Choice
China shares up on hopes for planning meeting
Britain's culture-clash comedy "East is East" gets sequel
Two Girls Unknowingly Call Cops While Burglarizing Vehicle
A Minute With: Disney's John Lasseter creating Oscar magic |
Jim from "The Office" among Captain America contenders
Police Apprehend Divorced Panty Pincher
EMI appeals ruling that Men at Work copied tune
Jim from The Office among Captain America contenders |
Police Arrest Man For Attempted Tree Detonation
A stadium architect's wild monument to Africa's World Cup
Britain's culture-clash comedy East is East gets sequel |
New booze on the block -- 'natural' wines
Doc turns business of "Art" into compelling drama
Anthony Hopkins takes demonic forces in "The Rite"
Mickey Rourke to play Conan's father
Canada celebrates emotional win over Russia
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

USD EUR - 1 year graph		BlogMeter 1.01