global financial news
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Peter Lyons: My top ten economic contradictions and con jobs
Christchurch :: New Zealand | 8 months ago
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Wednesday Sep 12, 2012 New Zealand's response to the global financial crisis has raised fascinating questions about the way forward. Photo / APN I have been a student of the New Zealand economy for more than 30 years. The present political and
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Analysis: Australia stands to break its "boom-bust" cycle
Sydney :: Australia | 9 months ago
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Australia has a sorry history of turning resource booms into bust, but this time could be different. From the gold rush of the 1850's, to wool booms in World War I and the Korean War, almost all the good times ended in recession. Yet that was not
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Big Banks and Money Laundering
Tōkyō :: Japan | 9 months ago
Credibility
And while the bank denies such charges, they paid to keep their banking charter intact. It's all part of a bigger picture and boils down ultimately to money and fame. BAC ) was the largest offender, is a classic example of this. The problem was one
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Don't over-regulate banks: Citigroup boss
Brisbane :: Australia | 9 months ago
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THE head of global financial giant Citigroup has backed more regulation but baulked at forcing banks to choose between lending and trading in the markets. Citigroup chief executive Vikram Pandit said he acknowledged that the banking industry had lost
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Africa: IMF Concludes Article IV Consultation With South Africa
Cape Town :: South Africa | 9 months ago
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Washington, DC On August 1, 2012, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with South Africa. [1] South Africa faces the immediate challenge of conducting policy under a highly uncertain
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Fiscal consolidation 'may persist' as economy rebalances
Canberra :: Australia | 10 months ago
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The New Zealand government may have to keep its spending in check for a while yet as the economy slowly rebalances away from the debt-fuelled consumption of the past couple of decades that saw private sector borrowing rise to unsustainable rates,
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Economic food for thought
Shanghai :: China | 10 months ago
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President Hu Jintao said at a central meeting on Tuesday that more priority should be given to stabilizing growth, which reflects China's preparedness to cope with the harsh challenges this year. But unlike what was done during the 2007-08 global
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Experts urge closer regional cooperation
Ranong :: Thailand | 10 months ago
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00 am The ongoing global financial turmoil is expected to last for some more time as key players have not found ways to address questions about the relationship between regulators and financial-market participants, experts said. They urged Asian
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Pacific Economies Weathering Global Financial Turmoil
Sydney :: Australia | 10 months ago
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Growth in the Pacific region is expected to run at 6.0% in 2012, but slow to 4.2% in 2013. The slowdown in 2013 is expected to be mainly due to lower growth in resource exporting countries that weigh most heavily in regional averages. Pacific
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IMF pares India's growth to 6.1 percent
Mumbai :: India | 10 months ago
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In the past three months, the global recovery, which was not strong to start with, has shown signs of further weakness, the 188-nation global financial monitor said Monday releasing three July updates on global financial health. Financial market and
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