China's central bank governor urged Washington on Wednesday to act responsibly to deal with its debt issues, saying uncertainty in the US Treasuries market will undermine the international monetary system and hamper global growth.
Manufacturing around the globe expanded in July at the weakest rate since the 2009 recession, adding to concerns over world growth.
After an initial bounce on signs a last-minute solution would avoid a US debt default, s
Brent crude oil rose more than $2 a barrel on Wednesday as growing confidence that the Greek parliament would approve an austerity programme helped ease fears of a first euro zone sovereign debt default.
Expectations the programme would be
Gulf central banks' reserves should be more diversified in the long run, and any US debt default would put downward pressure on the dollar and fuel inflation, a Gulf central banker said on Thursday.
Oman, which pegs its currency to the US dollar along with most Gulf Arab states, said on Wednesday a US debt default would destabilise Gulf reserves.
'We are discussing it within the central bank,' said a senior central bank o