Palash Ghosh

6991-7020 (out of 7238)

Palash has worked as a business journalist for 21 years in New York.

Aussie floods pushing up commodity prices

The devastating floods in Queensland Australia has driven up the prices of certain commodities, including coal, wheat and sugar. With warnings that the flood may not recede for weeks, the longer-term impact on commodity prices becomes a great concern.

Singapore economy set record growth in 2010

The economy of Singapore surged by an astounding 14.7 percent in 2010, primarily driven by a surge in manufacturing activity, versus a 1.3 decline in the prior year, making it Asia’s fastest-growing economy.

Rising demand should push up crude oil prices in 2011

Many investment banks and commodity analysts have taken a highly bullish stance on crude oil prices for 2011, based largely on economic recovery in the U.S., continued money-printing by the Federal Reserve (thereby, weakening U.S. dollar) and persistent high demand from the emerging markets, particularly China and India.

Tackling the dearth of women on UK company boards

Companies should not be forced to place women in high executive/director positions in British companies, said Lord Mervyn Davies, the former trade minister. However, there should be some pressure applied to somehow raise the number of female directors.

Estonia set to join euro zone

Despite all the turmoil surrounding it, the euro zone will welcome its seventeenth new member, Estonia, when the clock strikes midnight in Eastern Europe, making it the first former Soviet state to adopt the euro currency.

Spain’s economy will grow in Q4: PM

The Spanish economy will show positive growth in the fourth quarter, said the country’s Prime Minister, after a flat third quarter prompted fears of another looming recession.

Pending home sales rose in November

Pending home sales climbed again in November, with the broad trend over the past five months indicating a gradual recovery into 2011, according to the National Association of Realtors (NAR).

Groupon may go public in late 2011: NY Times

Groupon, the social buying website which recently rejected a $6- billion takeover offer from Google (Nasdaq: GOOG) has attracted the interest of some large institutional investors and is seeking to go public by the end of next year, according to a report in the New York Times.

Does South Africa deserve to join BRIC?

South Korea, among other countries, would be a better candidate than South Africa to join the BRIC group of prominent emerging market nations, said Jim O’Neill, chairman of Goldman Sachs Asset Management, and the man who first coined the “BRIC” term.

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