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The Group of 20 nations on Friday stood ready to commit at least $400 billion to bulk up the International Monetary Fund, though Brazil wants to tie the cash to a pledge that emerging market voting power at the IMF will increase.
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Junaid Jamshed is all set to launch a new brand for high-end market in July to attract Arabs and elite class of Pakistan and India through its flagship outlet in Dubai — a city that acts as a window to the world.
DOHA — Leaders and officials attending the third World Investment Forum on Saturday called for channeling more investments to poor nations and for introducing regulatory guidelines to help foster investments.
The IMF raised $430 billion in new funds for crisis intervention Friday, with China and other emerging economic giants taking part despite worries the money will go to more eurozone bailouts.
DUBAI — Dubai’s stocks retreated for a fifth day for the longest stretch of declines since November on speculation this year’s rally was overdone as Europe’s credit crisis damped investor appetite for riskier assets.
Japanese auto giant Nissan said Friday it would build two models of its luxury Infiniti brand in China from 2014, as it looks to further tap the world’s biggest car market.
India’s rupee on Friday fell to its weakest level in three months against the dollar amid concerns over the nation’s slowing economy and growing trade deficit.
The euro rose on Friday after a better-than-expected a German business sentiment survey, but gains looked set to be capped by concerns over Spain’s finances and uncertainty ahead of the first round of French presidential elections on Sunday.
Asian markets came under pressure on Friday as a successful bond auction in Spain failed to raise spirits while weak US economic data also added to the general sense of pessimism.
Gold held steady on Friday in listless trading as persistent concerns about the euro zone’s finances and disappointing U.S. economic data put off most investors.