The IMF's executive board agreed to add the yuan, also known as the renminbi, to its Special Drawing Rights (SDR) basket alongside the dollar, euro, pound sterling and yen, in a move earlier backed by IMF chief Christine Lagarde and in-house experts.
The euro zone's Single Resolution Fund (SRF) was agreed after the 2009-2012 euro zone debt and banking crisis to make sure that in case of new bankruptcies, banks would foot the bill rather than taxpayers.
This will be a record year for U.S. companies raising funds in euros, a financing option that should be widely used again next year if the euro weakens further against the dollar, as most analysts expect, and interest rate differentials remain wide.
LONDON, Nov 30 Britain's top share index underperformed euro zone indexes on Monday, missing out on the benefit from a weak euro and hindered by falls in mining company BHP Billiton and Aberdeen Asset Management. The FTSE 100 index was down ...
"Expectations surrounding the ECB are running very high and this is driving European markets higher, weakening the euro and helping them do better than U.S. stocks," said Marco Vailati, head of research and investment at Italy's Cassa Lombarda.
WARSAW Nov 30 Any serious discussion on Poland's adoption of the euro currency is possible only once the euro zone fixes its own problems, the deputy prime minister in charge of developing Poland's economy, Mateusz Morawiecki, said in an interview.
Growth in the monetary base of the euro will make euros relatively cheaper. Regardless of what the Fed does, I expect downward pressure on the value of the euro against the dollar. I wrote in July that it might be a good idea to short the euro (with ...