Threats to the global economy have lessened a bit in recent months, but policymakers must remain on guard nonetheless, said the head of the International Monetary Fund. The IMF chief Rodrigo Rato has recently told the Peterson Institute economic think-tank that there was ‘greater consciousness[...]
Posts Tagged ‘Business’
May 15th, 2012 - 1:30 pm § in News Of Economy
US to file piracy case against China at WTO
The Bush administration is contemplating to take its longstanding row with China over pirated movies, music and books to the World Trade Organization, a move that could fuel trade conflict between the two countries. The Bush administration has decided to file two cases to challenge China’s len[...]
May 14th, 2012 - 1:29 pm § in News Of Economy
World leaders once again set to revive WTO talks
World leaders are once again set to meet in Delhi in an effort to break the deadlock to revive stalled global trade negotiations. Trade ministers from India, the US, the European Union and Brazil will meet in order to make consensus to make some progress to revive the stalled negotiations, before fo[...]
May 14th, 2012 - 1:29 pm § in News Of Economy
China hits back at US over piracy action
In the escalating battle against pirated American movies, music and other intellectual property in China, Beijing has hit back at a US decision to file a WTO objection against it for copyright abuse, threatening that the move was ill-informed and would harm trade relations between the two countries.[...]
May 14th, 2012 - 1:28 pm § in News Of Economy
Fed says rate increases may prove essential as growth, inflation remain uncertain
The Federal Reserve has reinforced its position that inflation remained the biggest threat to the economy in its minutes from the March meeting. At the last meeting, Federal Reserve officials had concluded that more interest rate increases might be needed to suppress rising inflation, although they [...]
May 13th, 2012 - 1:28 pm § in News Of Economy
US home sales prediction revised downward, subprime ‘Disaster’ to delay housing recovery
The National Association of Realtors that once said that US home prices have not fell on a nationwide scale since the Great Depression now declare they are expected to do just that this year. The Realtors are expecting the prices for previously occupied homes will slide 0.7 percent this year compare[...]
May 13th, 2012 - 1:27 pm § in News Of Economy
US budget gap shrinks in first half of fiscal year ’07
The U.S. government posted a $96.27 billion budget deficit in March ’07, a 12.9 percent increase over March last year, as a record level of outlays outstripped slowing revenue growth. And yet, in the first half of current financial year the federal budget deficit is running at a lower rate cor[...]
May 13th, 2012 - 1:27 pm § in News Of Economy
Japanese economy to surpass US economic growth
Japan will surpass US economic growth this year as it recovers from its decade-long recession, the International Monetary Fund (IMF) has predicted. IMF argued that rising private investment, strong corporate profits and a pick up in exports would drive growth to 2.3 percent. The IMF in its latest Wo[...]
May 12th, 2012 - 1:26 pm § in News Of Economy
World Bank meets to decide fate of Wolfowitz
The board of the World Bank has met to decide the fate of the organisation’s president, Paul Wolfowitz. Wolfowitz has confronted demand for his resignation over the promotion and pay of an ex-colleague with whom he is allegedly romantically involved. And now the forces of the World Bank status[...]
May 12th, 2012 - 1:25 pm § in News Of Economy
China wields the yuan over poor nations
China’s wooing of the underdevelpoed world continues at an aggressive pace. China’s yuan diplomacy has proved to be extremely effective with Pakistan and Africa. Now, the same policy is being pressed in backward nations in Asia such as Myanmar and Bangladesh.[...]