Brazil while taking cautious step for the global trade talks has stated that proposals by the U.S. and the European Union to cut farm subsidies and tariffs to break the deadlock are step in the right direction. The Brazilian foreign minister, Celso Amorim, has reportedly stated that things are going[...]
Posts Tagged ‘India’
May 21st, 2012 - 1:40 pm § in News Of Economy
Huge foreign reserve posing a potential threat to Asian economies
Asia’s developing economies has accumulated a threateningly huge foreign reserve of $2,280 billion, which unless being put on better use, could have serious impact on over all Asian economy, says Asian Development Bank. The Manila based bank has said that Asia’s developing economies are [...]
April 17th, 2012 - 9:21 am § in News Of Economy
India to overtake Japan in PPP by 2025: Japan’s Central Bank governor
India is growing with great pace of development and the national leadership is concentrating to put the sectors such as agriculture and power on the line of development now. The next target for India is to achieve 10 percent growth rate. Now, a new report says that Indian economy is all set to overt[...]
April 8th, 2012 - 6:21 am § in News Of Economy
BRIC’s are the next global powers
U.S., once called the superpower, has started sharing its seat with other countries. According to a new study by Goldman Sach, countries like Brazil, Russia, India and China, have overtaken U.S and are the new dominating global energy industry powers. These four economic new powers have been nicknam[...]
April 5th, 2012 - 6:34 am § in News Of Economy
World trade talks fail over subsidies
Once again global trade meeting ended in dismay as subsidy thwarted the road for negotiation. The four members of the World Trade Organization, US, EU, India and Brazil were in Germany for finding a breakthrough on the long-delayed Doha round of talks, but the rich countries adamant attitude on the [...]
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 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[...]