Financial News Headlines: China, Jose Antonio Ocampo and the IMF [1]

(editor's note: Hold on to your hats! The tornados of financial changes are hitting mainstream media. This is only a trickle of the beginning -All my Love, Boo)

 

China gives currency more freedom with new reform

"BEIJING, Apr. 14, 2012 (Reuters) — China took a milestone step in turning the yuan into a global currency on Saturday by doubling the size of its trading band against the dollar, pushing through a crucial reform that further liberalizes its nascent financial markets." 

http://www.reuters.com/article/2012/04/14/us-china-cbank-yuan-band-idUSBRE83D02020120414 [2]

 

 

Colombia's Ocampo withdraws from World Bank challenge

"WASHINGTON, Apr. 13, 2012 (Reuters) — Former Colombian finance minister Jose Antonio Ocampo said Friday he was withdrawing his candidacy for World Bank president to allow developing nations to rally behind a single nominee to challenge the United States for the job." 

http://af.reuters.com/article/commoditiesNews/idAFL2E8FDKDX20120413 [3]

 

 

Analysis: IMF funds drive caught in global power shift

"WASHINGTON, Apr. 13, 2012 (Reuters) — Tensions among some of the world's leading economies are on a boil over a plan to raise new resources for the International Monetary Fund to contain the euro zone debt crisis and a quest by emerging economies to win more say in the global lender." 

http://www.reuters.com/article/2012/04/13/us-imf-idUSBRE83C1F420120413 [4]