Finance ministers of Brazil, Russia, India, China and South Africa have agreed on a BRICS bank on the lines of the World Bank and the International on Monetary Fund (IMF) that will address the development needs of emerging and poor economies. ...
12:24 AM, Mar 27, 2013
London: Loose global monetary conditions are stoking credit and asset price booms in some emerging markets that could lead to a new financial crisis, the Bank for International Settlements (BIS) warned on Sunday. Such a boom-and-bust cycle might have severe global repercussions, not least due to the increased weight of emerging markets in the world economy and in investment portfolios, the BIS said in its annual report. It urged central...
11:20 PM, Jun 24, 2012
Rio De Janeiro: Some large economies show significantly lower growth when natural assets such as forests and water are factored into growth indicators, an index showed on Sunday, a few days before an international sustainability summit starts in Rio de Janeiro. The Inclusive Wealth Index was unveiled by the United Nations University's International Human Dimensions Programme on Global Environmental Change (UNU-IHDP) and the United Nations Environment Programme (UNEP). Scientists and...
05:11 AM, Jun 18, 2012
Washington: Developing countries should brace for a long period of financial market volatility and weaker growth as tensions rise over a worsening euro zone debt crisis, the World Bank said on Tuesday. Warning the situation in Europe could worsen, the World Bank said in a report that developing nations should prepare for tougher times by reducing short-term debt, cutting budget deficits and moving to a more neutral monetary stance so...
08:53 AM, Jun 13, 2012
Mumbai: The state of India's fiscal condition is giving policy makers and citizens sleepless nights. But Jonathan Anderson of Emerging Advisors Group feels the concerns may be exaggerated. The Indian economy is not on the verge of collapse as the media, economists and market experts make it out to be, he says in his report 'The seven great myths of an Indian collapse'. "Nobody's seriously looking for Asian crisis-style turmoil...
01:44 PM, Apr 27, 2012
Washington: The US and UK on Wednesday agreed to work with emerging economies, including India, Brazil, China and Russia, to support creation of a new global partnership and engage them in poverty eradication. This is part of their effort and commitment to work towards their common goal of eradication of poverty from the world, the US and Britain said in a joint fact sheet issued on the occasion of the...
02:32 AM, Mar 15, 2012
Washington Suggesting that rising powers like India, China and Brazil were putting economics at the centre of their foreign policies, Secretary of State Hillary Clinton advocates Economic Statecraft to champion US businesses abroad. "America's economic strength and our global leadership are a package deal. You're not going to have one without the other," she said in a keynote at a State Department Global Business Conference on Tuesday. "Rising powers like...
12:24 PM, Feb 22, 2012
UN Industrial Development Organization's Director General Dr Kandeh K Yumkella says slowdown in the western economies has thrown open opportunities for India to attract investments into the country. ...
04:35 PM, Feb 06, 2012
New Delhi: Global investment guru Mark Mobius has a positive outlook on emerging economies in the long term and believes that their stock markets would be at much higher levels in the course of year than present levels. Mobius, the Franklin Templeton executive who pioneered emerging markets' investing, on his blog post said, "From a long-term perspective, we continue to have a positive outlook on emerging economies". "We believe that...
03:18 PM, Jan 13, 2012
Speaking at the US State Department Christiane Lagarde speaking on escalating euro zone crisis also called for collective action. ...
08:27 AM, Dec 16, 2011
Washington: No country is immune from an "escalating" euro zone crisis and each one must act to head off the risk of a global depression, the head of the International Monetary Fund said on Thursday. IMF Managing Director Christine Lagarde, speaking at the US State Department, said the outlook for the world economy is "quite gloomy" and warned that failure to act collectively could lead to protectionism and isolation reminiscent...
07:59 AM, Dec 16, 2011
![Suhasini Haidar]( "Suhasini Haidar")
US Secretary of State Hillary Clinton's flight path from Tripoli to Kabul this week should have given the US administration some reason to reflect on ...
11:50 AM, Oct 22, 2011
New York: World stocks fell for an eighth day on Friday, with around $2.5 trillion wiped off the value of global equities this week, but hopes the European Central Bank will buy the bonds of Italy's heavily indebted government helped lift markets off the lows of the day. Better than expected US monthly employment data also provided some Wall Street stocks with some support in a heavily traded session a...
07:30 AM, Aug 06, 2011
Brussels/Rome: The European Union acknowledged on Wednesday that investors now doubt whether the euro zone can overcome its debt crisis and Italy's Silvio Berlusconi called for more action to ward off market attacks. European Commission President Jose Manuel Barroso said a surge in Italian and Spanish bond yields to 14-year highs was cause for deep concern although they did not reflect the true state of the third and fourth largest...
02:59 AM, Aug 04, 2011
Sanaa: Yemeni government warplanes and artillery pounded several villages of anti-government tribes north of the capital on Tuesday, killing at least three people, a senior tribal leader said. Sheik Ali Youssef of the Naham tribe said that Republican Guard forces, which are commanded by embattled President Ali Abdullah Saleh's son, began bombarding the villages scattered in the Naham mountain area, some 20 miles (30 kilometers) north of Sanaa, on Monday,...
01:51 AM, Jun 29, 2011
Paris: A spokesman for the rebel Libyan National Transitional Council said on Tuesday there was no room for talks with Muammar Gaddafi after the International Criminal Court issued a warrant for the Libyan leader's arrest. "After the ICC decision I don't think there is a place for any direct or indirect contact with Gaddafi," said spokesman Mahmoud Shammam. Shamman spoke to reporters after rebel chief Mahmoud Jibril met French President...
01:05 AM, Jun 29, 2011
New Delhi: India favours emerging economies jointly putting forward a candidate to head the International Monetary Fund, even if their bid is ultimately unsuccessful, two Indian finance ministry sources said on Monday. Asia's third-largest economy is working behind the scenes with other emerging economies to build consensus behind one candidate, the sources, who declined to be named, told Reuters. Former South African Finance Minister Trevor Manuel could emerge as the...
07:51 PM, May 23, 2011
Manama: Libyan ruler Muammar Gaddafi faced the biggest challenge of his rule on Saturday amid reports that dozens of people have been killed as an offer by Bahrain's king of national dialogue to end the crisis there was rebuffed by the opposition. Violence has spread from Tunisia and Egypt to Bahrain, Libya, Yemen and Djibouti, presenting the United States with the dilemma of maintaining stability in the oil-rich region while...
04:44 PM, Feb 19, 2011
India denies its signing the MEF declaration changes its position. ...
05:05 PM, Jul 17, 2009
They have promised to raise funds available for emerging markets ...
05:12 PM, Mar 16, 2009
