It’s not only America and Europe, who are battling with the subprime woes, but Asian markets are also affected by it. It’s so obvious that even single news also affects other markets dearly. Subprime dragon has already eaten up many markets and all the major and budding markets felt the [...]
January 29th, 2012 - 1:47 pm § in News Of Economy
Subprime crises can push world market into recession
January 29th, 2012 - 1:46 pm § in News Of Economy
Temasek approaches NASDAQ for LSE stake
After NASDAQ vows to sell 31% stake in LSE, a number of seekers have emerged to cash the opportunity. In this league Singapore-based Temasek Holdings has approached NASDAQ for its $1.58bn worth stake in LSE. Temasek have made the approach in recent days. The Singapore authorities, which recently acq[...]
January 29th, 2012 - 6:38 am § in News Of Economy
UN warns of a threat to political stability and worldwide unrest due to hiking food prices
Though it has always been stated that the primary needs of man are food, clothing and shelter, the most essential thing of these necessary for human survival and existence is food without which life would almost be impossible. This fact has been proved by the figures of death recorded during famines[...]
January 28th, 2012 - 1:49 pm § in News Of Economy
Zimbabwe inflation rate mounts 7,600%
What can be worse for an economy if its inflation increases at the pace of 2000% per month? I am not leaving you in a quandary, but Mugabe-led Zimbabwean economy is actually affected by the inflation, which has risen to 7,634.8%, the highest in the world till now. An official report, issued by Zimba[...]
January 28th, 2012 - 1:45 pm § in News Of Economy
US and EU’s choice certain to head IMF
For IMF head, there are two candidates to replace Mr Rodrigo Rato who has resigned for personal reasons, France’s former Economy minister Dominique Strauss-Khan and the former president of the Czech Central Bank Josef Tosovsky. Dominique Strauss-Kahn is seems a certain choice for new head of t[...]
January 28th, 2012 - 6:38 am § in News Of Economy
‘Surge’ working well for the Iraqi oil fields
The improved security position in Iraq has had its effect, at least on the oil fields. The IEA (International Energy Agency) reports that the Iraqi crude outputs are running well above their pre-war numbers. The latest report puts crude production in Iraq at 2.32 million barrels per day. IEA has att[...]