Jamaica Observer / DUBAI, United Arab Emirates (AFP) — The latest volatility in global financial markets represents “necessary corrections”, IMF chief Christine Lagarde said in Dubai on Sunday, in the wake of a Wall Street plunge. “The market trepidations that we have seen in the last few days are not worrying me.
“Those market movements were clearly, in our view, necessary market corrections,” she told an audience at Dubai’s World Government Forum.
Wall Street stocks ended a bruising week on a benign note, courtesy of a late-session surge on Friday, while equity markets in Europe and Asia fell sharply in volatile trading.
“I would not focus on what has happened in the last few days. I would focus on the imperatives of change going forward and the need to fix the roof,” Lagarde said.
On Saturday, she had urged Arab countries to slash public wages and subsidies in order to rein in spending, achieve sustainable growth and create jobs.
Speaking at the one-day Arab Fiscal Forum in Dubai, Lagarde welcomed “promising” reforms adopted by some Arab states, but insisted much more was needed to overcome daunting economic and social problems.
Low oil prices are weighing on the finances of Arab oil exporters, while importers are battling with rising debt, unemployment, conflicts, terrorism and refugee inflows, the IMF’s managing director said.
CARACAS.- La espera terminó y los Rays de Tampa Bay, en teoría, reforzaron la posición que menos le estaba aportando a la ofensiva con el regreso del criollo Wilson Ramos a las mayores. ?Estamos felices por tener a Wilson Ramos con nosotros? , dijo Kevin Cash a MLB.com. ?Me imagino que probablemente tenía algunas inquietudes…
La compraventa de inmuebles como Torre Agbar, Xanadú y el Edificio España aumenta un 70% la inversión en el primer semestre hasta los 6.000 millones de euros. La inversión inmobiliaria vuelve a registrar cifras récord en el mercado español. A falta de apenas cuatro días del cierre del semestre, la compraventa de edificios y solares…
san fernando Prime Minister Dr Keith Rowley prayed with members of the Muslim community and distributed zakat (charity) to the needy as he celebrated Eid-ul-Fitr at two masjids in San Fernando yesterday. He attended the Eid services on an invitation from Minister of Local Government Kazim Hosein, who is also referred to as a…
gasparillo The mother of a disabled child was shot dead inside her apartment in Gasparillo yesterday. Ornella Philips, 28, was shot once in the chest. Her body was discovered lying in the living room around 10 a.m. The country’s murder toll now stands at 243. Her eight-year-old daughter, Kayla, has cerebral palsy and depends…
ISTANBUL (AP): Turkish police stopped activists for lesbian, gay, bisexual, trans and intersex rights from gathering in large numbers for an LGBT Pride event in Istanbul yesterday, but smaller groups made impromptu press statements, defying a ban imposed by the governor. Organisers of the 2017 Istanbul LGBTI+ Pride had vowed to march in central Taksim…
LONDON (AP): The list of high-rise apartment towers in Britain that have failed fire-safety tests grew to 60, officials said yesterday, revealing the mounting challenge the government faces in the aftermath of London’s Grenfell Tower fire tragedy. All of the buildings for which external cladding samples were so far submitted failed combustibility tests, Communities Secretary…
BAHAWALPUR (AP): Alerted by an announcement over a mosque’s loudspeaker that an overturned tanker truck had sprung a leak, scores of villagers raced to the scene with fuel containers yesterday to gather the oil. Then the wreck exploded, engulfing people in flames as they screamed in terror. At least 153 men, women and children were…
WASHINGTON (AP): Making a final push, United States President Donald Trump said he doesn’t think congressional Republicans are “that far off” on a health overhaul to replace “the dead carcass of Obamacare”. Expressing frustration, he complained about “the level of hostility” in government and wondered why both parties can’t work together on the Senate bill…
While reliving the horrors experienced by so many families after another spate of bizarre violence across the country last week, I couldn’t help but picture Tourism Minister Ed Bartlett’s rictus grin plastered on television screens while the elderly and even suckling babes were being gruesomely slaughtered inside their homes. While the rest of us were…
- 17 March, 2018 What caused FIU’s bridge to fall? More clues come to light.
- 17 March, 2018 Moscow expels 23 UK diplomats & shuts British Council in response to ‘provocative moves’
- 17 March, 2018 Police search for missing Mounir Redwan, 85, in Hollywood, Florida
- 17 March, 2018 Over 30,000 leave militant-controlled E. Ghouta as people continue to flee for safety
- 17 March, 2018 UK, Slovakia, Sweden, Czech Republic among most probable sources of ‘Novichok’ – Moscow
- 17 March, 2018 Policía colombiana arresta a simpatizante de ISIS que planeaba ataque en Bogotá
- 17 March, 2018 These are the victims of the Miami FIU bridge collapse
- 17 March, 2018 10 killed as plane crashes into home, wiping out Philippine family (PHOTOS)
- 17 March, 2018 Dead sei whale found dead in Marathon
- 17 March, 2018 ‘Challenging & complex’ Skripal investigation could take months – Met Police