The International Monetary Fund’s executive board on Friday selected Bulgarian economist Kristalina Georgieva to serve as managing director for a second five-year term, starting on Oct. 1 this year, the global lender said. “The Board commended Ms. Georgieva’s strong and agile leadership during her term, navigating a series of major global shocks,” it said in …
Four days of top-level economic meetings between the United States and China concluded in Beijing on Monday with no major breakthrough, but the world’s two largest economies agreed to hold more discussions to address rising friction over trade, investment and national security. The conversation is poised to become even more difficult, however, as hopes of …
The United States and China have agreed to hold “intensive exchanges on balanced growth”, the US Treasury Department said in a statement, after two days of talks between Treasury Secretary Janet Yellen and her Chinese counterpart He Lifeng in Guangzhou. Issued on: 06/04/2024 – 10:01 3 min The planned talks mark the latest step forward …
Treasury Secretary Janet Yellen said “American workers are getting ahead” now that their pay is growing faster than inflation, making the Biden administration’s case that the U.S. has rebounded from the economic calamity caused by the pandemic. “We know that Americans are experiencing discomfort because some important prices are higher than they were pre-pandemic,” Yellen …
US Commerce Secretary Gina Raimondo and her Chinese counterpart expressed support Monday for improving trade conditions as Raimondo began a visit to Beijing as part of US efforts to improve chilly relations. Issued on: 28/08/2023 – 05:40 1 min Raimondo follows other American officials, including Treasury Secretary Janet Yellen in July, who have visited China …