International Monetary Fund: Economic Recovery uneven and fragile, and banks need capital
International Monetary Fund: Economic Recovery uneven and fragile, and banks need capital International Monetary Fund warned in a report sent to the group of rich countries and major emerging twenty-published Saturday that the economic advancement of "not equal" has been falling. The Fund indicated in this report presented to the finance ministers and central bank governors from the Group of Twenty on the occasion of a meeting in St. Andrews (Scotland) that "the global economy returned to growth after a significant deterioration. But the recovery is not enough to equal the same, especially in developed economies." "There remains the danger that exists is found advancement," calling to "avoid a withdrawal of an early expansion policies of monetary and financial." And stressed the multilateral financial institution on the fragility of the financial system. He noted the International Monetary Fund said that "financial conditions continue to improve, but they are still far from reaching the normal level", and "the banking systems remain in need of capital and suffering from a legacy of troubled assets and an increasing amount of non-performing loans." In these circumstances, the IMF held Another danger lies on the "slowing down the achievement of financial reforms," On the other hand that keeps the Group of twenty high deficits in their budgets public. He reiterated the IMF also said that "exit strategies from crises in the fiscal deficit must be transparent, comprehensive and clearly stated aim of reducing public debt to prudent levels, according to a schedule specified clearly."
GM seeks to sell Chinese cars in India
GM seeks to sell Chinese cars in India Are the American group's giant car manufacturer General Motors in talks with its Chinese partners on a proposal for the sale of cars in India, according to the Press Trust of India reported Saturday. The agency said that GM has begun talks with its partners, "Shanghai for the manufacture of cars" (SAIC) and "Ling" eight months ago to explore the possibility to export light commercial vehicles to India. The agency quoted Karl Sulayem, Chairman of "General Motors India" as saying "Now we know what works and what can not succeed in India." He added, "we will very soon take a decision" on how to move forward. Linked to GM's other two Chinese companies with a joint venture in China, three known as the "SAIC - c. M - Ling Automobile Company." Seeks partners through their partnership to go beyond the export of commercial vehicles only for India, according to the Agency. And sell "SAIC - c. M - Ling" Commercial vehicles and passenger vehicles include vans and Ling, small trucks and Ling small car Chevrolet Spark, which is produced by General Motors. Have yet to make any direct comment from the largest foreign car manufacturer in China and expects that the market has been sold 1,4 million cars, at least this year. General Motors is making great efforts to obtain a larger slice of the fast-growing car market in India
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