Emerging markets should join forces and push for more clout within the International Monetary Fund, says Mexico's central banker, who wants to head the IMF and is counting on support from emerging markets.
Oil prices have dropped, and currencies in Japan, China, and Singapore will be affected.
'Substantial' fiscal and monetary moves across the globe will get traction, US Treasury secretary says.
Beijing hopes stoking domestic consumption can boost its slowing economy. But convincing a nation of savers to spend more during hard times may be a tough sell.