The consumer spending is showing signs of stabilizing and there are also signs of reduction in head cuts by US employers. The US government is still to do a lot more for bringing back the housing sector to growth path, and still the unemployment levels are around 9.7%.
So analysts are expecting only a moderate [...]
The Singapore government is worried about the asset bubble burst due to the excellent economic conditions. The Singapore economy has posted the highest ever growth last quarter and it is expecting close to 9% growth in 2010 as a whole.
With inflation also inching up, the Singapore government has decided not to take any chances [...]
Obama might have found the easy route to get US out of the current financial mess. Yes, he is now planning to allow offshore oil and gas drilling off Virginia Coast. That could not only cut down the import of oil in the future, it may also give an immediate push to employment in [...]
European Union is already confronted with the problem of economic recession and also there are fears of sovereign failures from Greece, Ireland, Portugal and Spain. Now the latest unemployment number for the zone reads at a record high of 10%.
The European Union cannot afford to have such a high level of unemployment as it [...]
Just before the beginning of the trading today, the US markets were expected to open and remain in the negative territory due to weak global cues. There were reports of Google pull out of China alongside the report of confusion in Europe over Greece bailout.
The Asian region also saw sell off today due to fears [...]
Seven more banks in US have been closed on Friday, March 19th. The total number of institutions closed and acquired by the regulators, have rose to 42 in 2010.The latest collapse of banks have been – American National Bank, Century Security Bank, Advanta Bank Corporation, Appalachian Community Bank, Bank of Hiwassee, First Lowndes Bank, [...]
Greece is running on abnormal level of deficit, and it is not able to borrow further from the global markets, due to the rating downgrade by the global rating agencies. European Union members are readying themselves for helping out Greece only for the short term, through some token aid and small time commitments.
Over the [...]
US is worried about the massive increase in the trade deficit, for which it is blaming China. US says that the unduly low pegging of the Yuan currency by the Chinese has lead to massive advantage for Chinese exports which needs to be corrected by China.
It is therefore asking the Chinese government to devalue [...]
The United Kingdom ruled over 30% of the globe spanning across continents for over 10 decades, and in some countries their dominance sustained for over 150 years. But that is history, and now the once dominant global force, is on the brink of collapse. The country has not been able to get out [...]
The Crude oil prices have zoomed to above 80 dollars for the last few days , thanks to continuing strength in China and also in US. There are major hopes that the European crisis would be contained, and there would also be a sustained recovery in the US economy.
But in reality, we could face [...]
