International Economy - Current Affairs for May, 2015

International Economy Current Affairs for May, 2015

Month wise coverage of International Economy Current Affairs helps you improve your general knowledge and prepare for all competitive exams like IBPS, Bank PO, SBI PO, RRB, RBI, LIC, Specialist Officer, Clerk, SSC, UPSC, Railway etc. This section is updated daily with the most important events.

Preparing International Economy Current Affairs May, 2015

1. Read the most important International Economy Current affairs and facts here. 2. Take practice test of our International Economy MCQ and Objective type questions. 3. Clear any quiz, GK, job interview or competitive exam on current affairs.
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▼ 79.5 crore people living in hunger: UN report   [05-17-15]

The number of hungry people globally has declined from about one billion 25 years ago to about 795 million or about one person out of every nine, despite a surge in population growth, the United Nations reported on 27th May’15.

▼ 57 members constitute AIIB   [05-17-15]

The 57-member bank announced that it would be operational by the end of this year. The announcement came after the conclusion of '5th Chief Negotiators' Meeting on Establishing the AIIB', in Singapore. China, with a share of 100 billion dollar is likely take a 25-30 percent stake in the AIIB while India, with a likely share between 10 to 15 percent could be the second-largest shareholder. In all, Asian countries will own between 72-75 percent of the assets of the bank, while European and other nations will own the rest.

▼ Britain slips into deflation by 19thMay 2015   [05-17-15]

Prices fell by 0.1 per cent in the year to April, a new record monthly low for the consumer price index created in 1996. The best comparable data suggests that this is the lowest UK inflation reading since early 1960.

▼ 5 of the world's largest banks fined for manipulating the forex market   [05-17-15]

Four of the banks - JPMorgan, Citigroup, Barclays, RBS - have agreed to plead guilty to US criminal charges. The fifth, UBS, will plead guilty to rigging benchmark interest rates. Barclays was fined the most, 2.4 billion dollar, as it did not join other banks in November to settle investigations by UK, US and Swiss regulators. US Attorney General Loretta Lynch said that "almost every day" for five years from 2007, currency traders used a private electronic chat room to manipulate exchange rates. Their actions harmed countless consumers, investors and institutions around the world.

▼ India and Iran sign MoU for Chabahar Port development   [05-13-15]

The MoU was signed by Minister for Shipping and Road Transport and Highways Nitin Gadkari and Iranian Minister for Transport and Urban Development Abbas Ahmad Akhoundi in Tehran on 6th May’15. Under the contract, Indian firms will lease two existing berths at the Port and operationalize them as container and multi-purpose cargo terminals.

▼ Seychelles becomes 161stmember of WTO   [05-13-15]

Seychelles on 26th April 2015 became the 161st member of the World Trade Organization (WTO). With this, Seychelles archipelago of 90000 inhabitants became one of its smallest members.