IMF gives China's currency prized reserve asset status
The International Monetary Fund on Monday, as expected, admitted China's yuan into its benchmark currency basket in a victory for Beijing's campaign for recognition as a global economic power.
Putin approves economic retaliation measures against Turkey
Russian President Vladimir Putin signed a decree imposing economic sanctions against Turkey on Saturday, four days after Turkey shot down a Russian warplane near the Syrian-Turkish border.
Oil gains, bond prices inch up on Turkey-Russia tensions
Oil prices jumped and government debt prices edged up on Tuesday after Turkish jets shot down a Russian warplane near the Syrian border, adding to worries about tensions in the Middle East.
Egypt's revaluation: a prelude to unshackling the pound?
Egypt's revaluation of the pound this week has raised expectations of a major shift in how it manages a long-running currency crisis, with evidence growing that the central bank may be preparing for a more flexible exchange rate mechanism.
World stocks fall on China worries; oil ends lower
World equity indexes dropped on Monday as disappointing trade data in world No. 2 economy China stoked concerns over weakening global growth, while oil prices slipped.
Some EU countries deserve budget leeway over refugee crisis
European countries most affected by the refugee crisis may be granted some leeway on fiscal rules for a limited period of time, the head of the euro zone finance ministers said on Monday.
Greece approves reform bill, eyes bailout tranche
Greece's parliament approved early Friday a bill with reforms prescribed by the country's international lenders, ahead of a euro zone finance ministers meeting in three days which will decide if Athens qualifies for fresh bailout funds.
EU looks for silver lining in Erdogan election landslide
After stifling initial groans of dismay, European policymakers are looking for a silver lining for EU-Turkey relations in the emphatic election victory of President Tayyip Erdogan's Islamist-rooted AK Party.
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