Economy Live

Stocks steadily strengthened after the Federal Reserve's recent interest rate cut, but failed to meet with the anticipated promises. Market is continuously being hurt by the debt market - to alleviate the ongoing credit crunch and to calm the market.

At the end of the high-level economic talks between Chinese and U.S. officials, the one thing that bothered President Bush most was the 'beef'. After a meeting with visiting Chinese Vice Premier Wu Yi, Bush said that he was really disappointed that...

President George W. Bush has confirmed what many had expected. On Monday, in an interview with Reuters, he said that he would like to see an American at the helm of the World Bank, once Paul Wolfowitz officially departs. Wolfowitz had announced...

The situation is getting increasingly tensed between China and United States. And the reason is nothing but bilateral trade. Yuan's under-valuation is becoming tough barrier for US exporters. In 2005 China discontinued it Pegging policy of Yuan...

The ad hoc World Bank panel has criticized Wolfowitz for violating the 'Code of Conduct and Staff Rules,' and has rejected the arguments that he had earlier submitted in his defense. The panel appointed by the World Bank, to look into the charges...

US Treasury Secretary Henry Paulson has recently told Senators that considerably lessening the tax gap between federal taxes owed and taxes paid may not be possible 'without adding draconian and painful requirements on all taxpayers,' most of whom...

The U.S. Treasury Secretary Henry Paulson has said China risks wasting trillions of dollars in resources and lost economic potential unless it rapidly opens its capital markets. He further said in a speech delivered in Shanghai that China should...

When it comes to global finance, United States not only dominates the global markets but other countries are equally eager to listen what Bush administration has to say on the issue. Struggling with sluggish growth rate and mounting inflation threat..

China's vice premier, Wu Yi, has given a clear signal that the country is interested to go ahead with reform and opening up of the economy. She was speaking at the beginning session of the first U.S.-China strategic economic dialogue. According to..