Persisting political crisis in Pakistan, which got worse with the withdrawal of support to the government by two key allies and the assassination of a popular provincial governor, point to a serious governance failure and can further halt the strained IMF standby program aimed at restoring fiscal health, an analyst has said.
Jijo Jacob
Jan 06, 2011
China has reaffirmed its commitment to buying Spanish government bonds, amidst growing concern about the health of peripheral euro zone debt.
Palash Ghosh
Jan 05, 2011
The U.S. employment situation might be seeing better times, according to figures released in the latest ADP Employment Report for December, which showed a rise for the second consecutive month
IBT Staff Reporter
Jan 05, 2011
The EU and the IMF currently have enough funds to bailout another couple of countries that are steeped in debt. Currently, Italy, Spain and Portugal are fighting to survive while investors wonder which one will throw in the towel first.
IBT Staff Reporter
Jan 05, 2011
Japanese Prime Minister Naoto Kan laid out plans to revive the economy in 2011 in his New Year remarks. While his proposals may boost some sectors of the economy, they miss the point.
Hao Li
Jan 04, 2011
Perhaps the surprising good health of Pakistan’s equity market shows how disconnected financial trading markets can be from the state of the society they reside in.
Palash Ghosh
Jan 04, 2011
The U.S. economy is on course to a self-sustaining recovery in 2011, aided by the private sector’s return to health and a further injection of fiscal stimulus, IHS Global Insight has said.
Jijo Jacob
Jan 04, 2011
South Africa is about to join the Brazil, Russia, India and China (BRIC) grouping and will attend the first summit of the leading emerging economies in April this year, but doubts remain over the suitability of the African nation to be in the exclusive club of the fast-growing economies.
Jijo Jacob
Jan 03, 2011
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.
Palash Ghosh
Jan 03, 2011
Chinese ambassador to Spain said on Monday China will contribute to efforts to secure Spain's financial stability and economic recovery as the debt-hit nation is trying to shore up investor confidence and avert any sovereign crisis.
Jijo Jacob
Jan 03, 2011
Many observers believe the bond bull has run out of steam, although a 'pop' in the bond bubble is probably unlikely.
Palash Ghosh
Jan 02, 2011
Russia is not ready for the growth of domestic and inbound tourism as the country still has bad roads and undeveloped infrastructure.
Sanskrity Sinha
Jan 02, 2011
Many economists believe that US economy will continue to grow around 3.5 percent in 2011, led by pickup in consumer and business spending. The extension of Bush-era rate cuts will add moderately to GDP growth, while at the same time as increasing the budget deficit.
Satya Nagendra Padala
Jan 01, 2011
These predictions come from Richard Kang, Chief Investment Officer and Director of Research at Emerging Global Shares, an ETF company focused on the emerging markets.
Palash Ghosh
Jan 01, 2011
Queues stretched for kilometres at immigration offices in South Africa on Friday as thousands of Zimbabweans tried to meet a year-end deadline to file papers for legalising their stay in the country.
IBT Staff Reporter
Dec 31, 2010
Germany is committed to the euro currency and the German people are now stronger in the wake of Europe’s economic crisis, said Chancellor Angela Merkel in her annual televised New Year’s message.
Palash Ghosh
Dec 31, 2010
Economic growth in China is expected to slow next year as the nation accelerates tightening monetary policies, said a report on Friday.
Shankar besta
Dec 31, 2010
Futures on major U.S. indices point to modestly lower opening on Friday, the last trading day of 2010.
Satya Nagendra Padala
Dec 31, 2010
At present respective growth rates, the average Chinese person will be wealthier than the average American in 27 years, according to Ed Lazear, a Stanford University economics professor.
Palash Ghosh
Dec 30, 2010
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.
Palash Ghosh
Dec 30, 2010
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.
Palash Ghosh
Dec 29, 2010
The news about jobs, deficits, and poverty seem to get worse in the western nations and Japan day by day, while the economic and financial developments in the emerging markets appear to get rosier.
Palash Ghosh
Dec 29, 2010
