The dust of G-20 has settled. World leaders sat around a large table set this time in South Korea, searched for that magic wand in their suit pockets, and then looked at each other's face with disappointment. They didn't get one to 'calm down' the emerging fears of a 'world war' on trade and currencies. They did not 'direct' China and/or US as some hoped.
Boby Michael
Nov 13, 2010
U.S. economic policy is stuck in the pre-1970s era, which had higher population growth. Before 2008, this outdated policy caused boom-and-bust cycles. Now, it is failing to boost economic growth and possibly endangering the world financial system.
Hao Li
Nov 13, 2010
The economy grew 0.4 percent in the Euroarea and the EU27 in the third quarter, a little lesser than expectations, according to a report by Eurostat.
IBT Staff Reporter
Nov 12, 2010
Ireland's grip on the slippery debt-mired track is giving way fast as bond yields widened to a level with Greece’s before Athens went broke and was bailed out, fueling speculation that the country could be soon looking for international financial assistance.
Jijo Jacob
Nov 12, 2010
The leaders of the G20 countries completed their summit in Seoul, South Korea with an agreement to push for “market-determined” currency exchange rates, to enhance exchange rate flexibility, and to establish a timetable to lay out “indicative guidelines” for global economies to confront trade imbalances by the first half of next year.
Palash Ghosh
Nov 12, 2010
German gross domestic product (GDP) growth slowed to 0.7 percent in the third quarter after increasing sharply by a revised 2.3 percent in the second quarter.
Shankar besta
Nov 12, 2010
Indian gold demand is likely to recover near to its pre-credit crunch level following the fall in demand in 2009, said World Gold Council (WGC) on Friday in a report titled India: Hear of Gold.
IBT Staff Reporter
Nov 12, 2010
The euro dropped across the board on Thursday as weak data from the region showed the crisis-hit EU member countries will continue to pressurize the single currency.
Boby Michael
Nov 11, 2010
Moody's Investor Service upgraded China's 3 big policy banks and Chinese government's bond rating to Aa3 from A1.
IBT Staff Reporter
Nov 11, 2010
Greece's budget problems are far from over, as its deficit is likely to have narrowed much less sharply than the Government had predicted, Capital Economics said in a note. Greece will now come under heavy pressure to implement an even more draconian fiscal squeeze, Ben May, a European economist with Capital Economics, said.
IBT Staff Reporter
Nov 11, 2010
At the closing plenary session of the G20 business summit in Seoul, South Korea, David Cameron, the British Prime Minister, praised the host country’s miraculous economic advances and also highlighted some major themes underlying the purpose of the G20.
Palash Ghosh
Nov 11, 2010
DLF Limited, India’s largest real estate company, said on Thursday its consolidated net profit fell 5 percent to 4.18 billion rupees for the second quarter as compared to 4.4 billion rupees for the same quarter last year.
IBT Staff Reporter
Nov 11, 2010
In a wide-ranging and rambling speech during a luncheon at the G20 Business summit in Seoul, Korea, Germany’s chancellor Angela Merkel called for a “sensible” exit strategy from the global credit crisis.
Palash Ghosh
Nov 11, 2010
Not unexpectedly, the preliminary proposal of President’s Obama’s bipartisan Commission on Fiscal Responsibility and Reform has met with mixed reviews, from “unacceptable” to “most encouraging.”
IBT Staff Reporter
Nov 11, 2010
The National Commission on Fiscal Responsibility and Reform, a bipartisan commission recently created by President Obama, unveiled a proposal that could save the U.S. government nearly $4 trillion from 2012 to 2020.
Hao Li
Nov 10, 2010
The CEO of Vestas, a major supplier of wind turbines, is asking for heads of state to meet for an hour to help come up with methods of weaning the world from fossil fuels.
IBT Staff Reporter
Nov 10, 2010
Tokyo will host the Global Travel & Tourism Summit 2012 under the aegis of the World Travel & Tourism Council (WTTC) even as Japan Tourism Board celebrates its centenary year in 2012.
Sanskrity Sinha
Nov 08, 2010
QE2 is a rising tide that lifts all boats. The boats, in this case, refers to asset prices. Unfortunately, some asset rallies, particularly those in consumer and industrial commodities, are bad for the real economy,
Hao Li
Nov 06, 2010
Xi Jinping will likely be China's next President. Given his background, he is likely to favor coastal regions and continue China's export-driven economic model, and therefore unlikely to pursue structural reforms like distributing income to inner regions or taking dramatic steps to cultivate domestic consumption.
Hao Li
Oct 23, 2010
Robert Prechter speaks to IBTimes about mass psychology in the financial markets and specifically about the Greek sovereign debt crisis.
Hao Li
Sep 02, 2010
An analysis of the relationship among U.S. personal income tax rate, tax receipts, and the GDP reveals a high correlation between GDP and tax receipts. However, others correlations are noticeably weaker.
Hao Li
Aug 30, 2010
Australia's real estate market emerged relatively unscathed from the global financial crisis. But that doesn't meant there isn't a bubble, said Morgan Stanley's Gerard Minack.
Hao Li
Aug 19, 2010
