China’s General Administration of Quality Supervision, Inspection and Quarantine has suspended imports of chicken and pork from Tyson Foods Inc with six other U.S. companies. China’s quality watchdog agency arraigned that frozen chicken meat from Tyson was found to contain salmonella. Ra[...]
Archive for the ‘News Of Economy’ Category
February 7th, 2012 - 2:11 pm § in News Of Economy
Business or politics? It’s time US and China decide!
February 7th, 2012 - 2:09 pm § in News Of Economy
Wall Street tremble on Bernanke’s Comment
Wall Street retreated after Federal Reserve Chairman, Ben Bernanke’s comment that the deteriorating economy pace, rising inflation and looming housing sector will remain a risk to consumer spending and overall economic growth. Amid the inflation and increasing consumer spending apprehension in[...]
February 6th, 2012 - 2:08 pm § in News Of Economy
China increases interest rates to check inflation, growth
China raised interest rates in the latest series of tightening steps aimed at keeping inflation in check and preventing the world’s fourth-largest economy from overheating. The People’s Bank of China increases its benchmark one-year lending rate by 0.27 percentage point to an eight-year [...]
February 6th, 2012 - 2:06 pm § in News Of Economy
Where are US-Cuba trade relations headed?
Economics often prevails over politics. This observation is well proved by the increasing trade between Cuba and the US state of Alabama. Cuba has been an anathema for the US, since Fidel Castro took over the Central American country. Castro’s anti-US stance and his cozying up to the erstwhile[...]
February 6th, 2012 - 2:06 pm § in News Of Economy
Asia safe from crisis: IMF
The International Monetary Fund has assured that Asian economies will not face any substantial financial crisis amid the heavy influx of global capital. Developing Asian economies are successfully attracting healthy foreign direct investment and IMF suggested that to keep healthy pace in the economy[...]
February 5th, 2012 - 2:05 pm § in News Of Economy
Increasing private equity buy-outs could be risky: IMF chief
Jolted by the U.S. subprime housing market, IMF’s head Rodrigo Rato has warned that global investment and growth prospects were at risk from a dramatic rise in private equity buy-outs. There are risks associated with the recent dramatic growth in large private equity buy-outs as such deals fin[...]
February 5th, 2012 - 2:04 pm § in News Of Economy
US Treasury says bill on China forex could boomerang, Paulson adds pressure on Beijing
Amid escalating pressure and intensified lobbying against China in the US, Treasury Secretary of US, Henry Paulson once again urged China to permit its currency to appreciate faster, at the same time, also raising product-safety and environmental issues during the recently held meetings with senior [...]
February 5th, 2012 - 2:02 pm § in News Of Economy
US House approves $460 bln Pentagon Budget, delays war showdown
The US House has approved modest changes to President George W. Bush’s record Pentagon budget proposal on Sunday; however, Democrats indicated plans to resurrect a more contentious debate over the Iraq war after the August recess. The House voted 395-13 to approve the measure, which would prov[...]
February 4th, 2012 - 2:01 pm § in News Of Economy
ADB shows concern over rising rich-poor divide in Asia
Many are speculating that after west, it is time for Asia to lead the world. 21st century is allying with Asia and expecting it to be the next power region. Development in major Asian regions has proved it correct. Countries like China, India, Japan and Southeast are perfect examples of it, where p[...]