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Archive - April 2007

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Gagandeep | Apr 28 2007
blood diamonds
The UN Security Council on Friday lifted a six-year ban on Liberian diamond exports. The 15-nation council voted unanimously on 'Resolution 1753 (2007)' and ended the embargo imposed in 2001. Back then, it was widely held that diamond exports from...
Balendu | Apr 28 2007
us economy times square
The US economy slowed down sharply while inflation accelerated in the first three months of the year, the government reported on Friday, again sparking off anxiety that the nation might be sliding into a more serious downward spiral. The US Commerce...
Gautam | Apr 28 2007
In years to come it is expected that Japan could have a thriving property derivates market. A number of companies are quite eager to create these OTC products. It is being said that over the counter derivates could add more stability to the property...
Gautam | Apr 27 2007
Did you ever think in your wildest dreams that inflation could reach four figures? This has happened in Zimbabwe where inflation has jumped to a record figure of 2,200% in March. All this is happening as a result of widening political and economic crisis...
Balendu | Apr 27 2007
online gmabling ban
Democrats in the US Congress have launched a campaign to revoke America's controversial ban on internet gambling which thrust the gaming industry into disaster last year and prompted the arrest of several British executives. Barney Frank, the...
Gautam | Apr 27 2007
A new index has been launched by Goldman Sachs in India. Called the Goldman Sachs India Financial Conditions Index or GS India-FCI is aimed at understanding and forecasting the business cycle of India rather than only the interest rates. As per GS...
Balendu | Apr 26 2007
new york inflation
The US economic growth in most parts was modest in the early spring despite sluggish manufacturing largely due to the housing slump, while prices were generally stable, the Federal Reserve said on Wednesday in its latest survey of the national...
Balendu | Apr 25 2007
china wto ipr
The top Chinese officials in their sharpest reaction on trade relations with Washington warned that the recent US complaints to the World Trade Organization over product piracy and media market barriers could harm relations on trade issues. Chinese...
Balendu | Apr 23 2007
stephen roach
Stephen Roach, the Morgan Stanley chief economist known for his pessimism on the US economy and early prediction of China's rise, will become the firm's Asia chairman, helping lead a push to manage more takeovers and stock sales in China. Roach,...
Dipan | Apr 23 2007
Four prominent foreign banks have just started their branch banking operation in China and medium will be domestic currency. Apparently the incident might look trivial but in reality an watershed in Chinese economy. Citi group Inc., Britain's HSBC...
Balendu | Apr 21 2007
paulson currency flexibility
US Treasury Secretary Henry Paulson has once again reiterated that China is not moving quickly enough on currency reform, and said he hoped high-level talks next month would deliver results. Paulson in a speech in New York said, 'They're not...
Balendu | Apr 21 2007
house of representative
The US House of Representatives has approved a bill on Friday to provide shareholders the right to cast non-binding votes on the salary of top company executives, giving investor advocates a significant triumph and confronting the Bush...
Gagandeep | Apr 21 2007
paul wolfowitz
The World Bank's board on Friday deferred a final decision on the fate of bank president Paul Wolfowitz, whose role is under scrutiny after the accusations of favoritism shown to his girlfriend at the bank. The World Bank's board of directors...
Balendu | Apr 20 2007
nacchio trialsff
Joseph Nacchio, the aggressive chief executive who witnessed Qwest's spectacular growth as well as its near collapse into bankruptcy, was found guilty on 19 of 42 counts of illegal insider trading. A court in Denver in its verdict ruled that in...
Balendu | Apr 20 2007
peter mandelson
The level of trust between the European Union and Russia has reached its lowest level since the collapse of communism, said EU Trade Commissioner Peter Mandelson in a speech prepared to be delivered on Friday. Mandelson, who has been a prominent...

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