International Economics

Delayed reforms inevitable in coalition govt: Pranab

Finance Minister Pranab Mukherjee said that delays are inevitable in a coalition-run government as it has to take on board views of different ruling partners.

China rules out investing forex reserves to bail out EU debt

China today ruled out investing much of its $3.2 trillion foreign reserves to bail out EU countries from their sovereign debt crisis.

BRICS to look at bid for top World Bank job

The world's major emerging economies on Saturday rejected the tradition that an American is automatically selected to head the World Bank; and they will look at putting forward their own candidate for the open job.

Eurozone decision on size of bailout fund seen delayed

Euro zone leaders are set to review the 500 billion euro limit on the joint lending capacity of their temporary and permanent bailout funds, known by their acronyms EFSF and ESM, at the March 1-2 summit.

China to keep investing in eurozone debt

China will play a bigger role in solving Europe's problems vis the International Monetary Fund and the European Financial Stability Fund, or EFSF, Zhou said, echoing earlier remarks made by Chinese Premier Wen Jiabao.