Emerging market economies that powered the global recovery may be growing too fast for their own good as inflation pressures build, a top International Monetary Fund official said on Monday.
Fast-growing emerging market economies are beginning to exhibit signs of overheating, a top International Monetary Fund official said on Monday.
Fast-growing emerging market economies are beginning to exhibit signs of overheating, a top International Monetary Fund official said on Monday.
There are no good outcomes, only bad, really bad, and catastrophic. Take your pick. Could gas prices drop below $3.00 per gallon if the world sinks back into recession? Yes. But it would only be momentary. The easy to access supply is dwindling. The medium and long term direction of gas at the pump is up. There is nothing that can be done in the next five years to prevent significantly higher oil prices.
The United Nations said it will be sending a team of specialists to assess the humanitarian crisis in Libya, as thousands of foreigners remain trapped in the country and fighting intensifies between forces opposed to and loyal to Moammar Gaddafi.
The Federal Reserve's $600 billion bond purchase program will be completed as planned, top Fed officials signaled on Monday, though they saw heightened economic uncertainty from unrest in the Middle East.
Tunisia's interim interior ministry has said it will dissolve the State Security Department, the nation's once feared secret police service.
Anti-government protests are escalating in Bahrain, as demonstrators have already marched on the U.S. embassy are now assembling before the main financial hub of downtown Manama.
Following a string of high-profile resignations, Tunisia's interim prime minister has named a new cabinet, amidst continued public outrage over too many top officials have close ties to the deposed former President Zine El Abidine Ben Ali.
Saudi Arabia will witness greater popular pressures and potential unrest in the long run, unless the Kingdom deals with socio-economic and political challenges, a Middle East analyst has said.
About 1,000 illegal migrants fleeing unrest in North Africa have landed on the Italian island of Lampedusa overnight in a dozen or so boats, intensifying fears that a massive influx of people from Tunisia, Libya and other places will soon reach Europe’s shores.
The Federal Reserve cannot rule out expanding its $600 billion stimulus as political upheaval in the Middle East and North Africa heighten U.S. economic uncertainty, a top Fed official said on Monday.
Fears of a civil war and a looming humanitarian crisis grew in Libya as forces loyal to Muammar Gaddafi escalated attacks on rebel-held cities in a bid to recapture control, causing dozens of deaths and mass exodus of people.
Here's a slideshow on places depicting the diverse culture and rich history of the Arab countries, which are going through a phase of political turmoil and civil unrest.
Bahrain's crown prince warned all sides against escalating a standoff with disgruntled majority Shi'ites seeking an elected government in the Gulf Arab kingdom, asking for patience ahead of a national dialogue.
Troops loyal to Muammar Gaddafi have launched counter-offensives against rebel-held towns, increasing fears that Libya is heading for a civil war rather than the swift revolutions seen in Tunisia and Egypt.
North Korea is facing many of the same issues that led to revolutions from Tunisia and Egypt to Libya, but what are the chances of a similar uprising in the authoritarian Asian state?
Calls for Jasmine Revolution protests in Beijing are doomed to fail as people want peace and stability and government policies are popular, a spokeswoman for the city's government said on Sunday.
Saudi Arabia banned all public demonstrations in the country and vowed to use all forces to stop the Shiite-led protesters from breaking public order, reports have said.
Reports are surfacing that the Libyan government is now preventing foreign migrant workers in the country from leaving.
U.S. crude prices jumped to their highest since September 2008 on Friday and Brent rose above $116 a barrel as Libyan security forces cracked down on protesters in Tripoli and clashed with rebels near the major oil terminal of Ras Lanuf.
Many Bangladeshis remain stuck in Tripoli and other cities, but cannot leave due to the extremely volatile situation between pro- and anti-Gaddafi forces; while others have struggled to cross into neighboring Tunisia.