Gold Regaining Lost Glory

The global financial order with the hegemony of the United States has broken down and a new order with a new hegemony is taking time to emerge as China is refusing to assume the vacant central role.
The international monetary system is in chaos trying to establish order to avert currency war and trade protectionism. China [...]

Emerging economies to lead G20 Summit

Leaders of the western industrial nations and emerging economies are gathering together to participate in G20 summits for the first time in Asia to negotiate an agreeable global economic solution to prevent economic protectionism that satisfies both the developed western nations and the emerging economies.
Developed western economies with very low growth rate are facing the [...]

Fed Injects $600 Billion In U.S. Economy

United States federal reserve announcement on Wednesday to purchase additional treasury bonds worth 600 billion dollars as part of second round of “quantitative easing” to enhance weak economic growth raised concerns for the emerging economies.
The Fed said in a statement “The pace of recovery in output and employment continues to be slow”. The Fed has [...]

Restoring United States Economy

The campaign for US Congress election has united democrats and republicans in China bashing for all their economic woes. Republicans are expected to win majority seats in Congress and participate in US governance with Democrats to tackle with difficult economic challenges of high unemployment and massive deficit.
United States needs to invest more in research, development [...]

China To Boost Domestic Consumption

The Chinese Premier Wen Jiabao stressed the need to step up the modification of the economic development pattern by extending economic reform and opening-up further to build a moderately prosperous society at the Fifth Plenary Session of the 17th CPC Central Committee on October 15.
The premiere blamed resource and environment bottleneck, enlarging income gap, poor [...]

Emerging Global Economy

The shift of economic power from western industrial nations to the emerging nations is finally recognized by the international financial institutions in a joint communiqué released after G20 meeting in South Korea on Saturday.
World is quickly becoming multi-polar as US is losing its hegemony over the world and other global players like Europe Union, and [...]

G20 Ministers Agree On Key Issues

G20 Ministers Agree On Key Issues

The G 20 Ministerial meeting concluded with agreement on currency row and giving more representation to emerging economies in IMF as part of its governance reform on Saturday in South Korea.
Realizing the rapid transfer in economic power from western industrial nations to emerging Asian nations the G20 finance ministers and central bankers in a [...]

Oct, 24 2010 0 Comments Full Story
Commodity Prices Fall As Dollar Rises

Commodity Prices Fall As Dollar Rises

Commodity prices fall as dollar rises and  investors sell off some of their goods for a  profit. The US dollar bounced back in  unstable forex market on Thursday as  investors become vigilant ahead of G20  finance ministers meeting on Friday and  Saturday.
Market analysts forecast a stronger dollar if  the G20 finance minister meeting developed  a [...]

Oct, 22 2010 0 Comments Full Story
Emerging Economies On Currency Dispute

Emerging Economies On Currency Dispute

Emerging economies criticize US for enforcing international monetary solution for solving its domestic challenges instead of implementing difficult fiscal measures to bring unemployment down and manage deficit.
After failing to devise and implement a viable strategy to deal with its domestic issues of high unemployment and a huge deficit USA is bringing the whole world down [...]

Oct, 18 2010 0 Comments Full Story
German Minister Sides With China Against US In Currency Row

German Minister Sides With China Against US In Currency Row

German Economy Minister Rainer Bruederle severely criticized US Wednesday for blaming China of underrating yuan to fuel its exports. “At the moment I have more criticism of the American Treasury secretary than of China,” Bruederle said during a visit to China.
The US had also pointed finger at Germany for preferring exports to the interest of [...]

Oct, 14 2010 0 Comments Full Story
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