Word: central
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...dollar finally used up the last of its nine lives? There are worrying signs that the world is losing its appetite for dollars. The International Monetary Fund announced on Nov. 2 it was selling 200 metric tons of gold to India's central bank for $6.7 billion. News of the purchase sent gold prices to an all-time high. The move was widely seen as part of an effort by central banks around the world to diversify their extensive U.S. dollar holdings. Steven Englander, chief U.S. currency strategist at Barclays Capital in New York City, figures that in the second...
...that shift from talk to action continues, the consequences could be severe and wide-ranging. Central bankers are the currency market's buyer of last resort, and thus the private sector's view of the dollar's value and stability can be heavily influenced by what they do. Still, there are many constraints to how far and fast the dollar falls. The issue facing central bankers is a complex one. They may wish to limit their exposure to a weakening dollar, but they don't relish the ugly fallout from doing anything to further weaken it. "We certainly...
...worry of central bankers is how a softening dollar could impact a global recovery. Countries that have currencies strengthening against the dollar face the prospect that their exports would become pricier in world markets, a situation policymakers wish to avoid as their economies are just now crawling out of recession. China, one of the world's largest holders of dollars, doesn't appear likely to allow its currency, the renminbi, to significantly appreciate against the dollar any time soon, despite increasing political pressure from Washington to do so. China's Commerce Minister, Chen Deming, said at the recent Canton Trade...
...because of his economic status. "I came out with the impression that they give priority to the lower strata," he says. It's admirable to boost the poor, who before Chávez were largely ignored by Venezuela's élite. But Flerida Rengifo, a demographics analyst at the Central University, says stories of the Venezuelan middle-class brain drain are getting more common. "There's no support for private industry," she says, "so people feel unsupported by the state in terms of their ability to invest in the country...
...colonial British and officials from Lhasa in 1914, an act of map-making that China to this day refuses to recognize. According to Beijing, Tawang and its surroundings were under the suzerainty of the Qing dynasty after its armies extended China's frontiers to Tibet and Central Asia in the 18th and 19th centuries. If Tibet is Chinese soil - something that New Delhi has officially recognized - then, the argument goes, Tawang and its monastery ought to be as well. (See pictures of the Dalai Lama at home...