Economy

Geithner's Goal: Rebalanced World Economy

DAMIAN PALETTA And DAVID WESSEL The Wall Street Journal 21.10.2010
Geithner's Goal: Rebalanced World Economy

Treasury Secretary Timothy Geithner said he would use weekend meetings of G-20 finance ministers to advance efforts to "rebalance" the world economy so it is less reliant on U.S. consumers, to move toward establishing "norms" on exchange-rate poli...

Japan Goes From Dynamic to Disheartened

MARTIN FACKLER The New York Times 18.10.2010
Japan Goes From Dynamic to Disheartened

OSAKA, Japan — Like many members of Japan’s middle class, Masato Y. enjoyed a level of affluence two decades ago that was the envy of the world. Masato, a small-business owner, bought a $500,000 condominium, vacationed in Hawaii and drove a late-m...


China to Overtake Japan in Global Wealth Rankings?

The Wall Street Journal 10.10.2010
China to Overtake Japan in Global Wealth Rankings?

With China set to overtake Japan as the world’s second largest economy in 2010, the Chinese consumer could also dethrone Japan in another key category in the next few years, according to a new report by Credit Suisse.

Wall Street Sees World Economy Decoupling From U.S.

Simon Kennedy Bloomberg.com 04.10.2010
Wall Street Sees World Economy Decoupling From U.S.

Wall Street economists are reviving a bet that the global economy will withstand the U.S. slowdown.


IMF admits that the West is stuck in near depression

Ambrose Evans-Pritchard Telegraph 04.10.2010
IMF admits that the West is stuck in near depression

If you strip away the political correctness, Chapter Three of the IMF's World Economic Outlook more or less condemns Southern Europe to death by slow suffocation and leaves little doubt that fiscal tightening will trap North Europe, Britain and Am...

US Is 'Practically Owned' by China: Analyst

Antonia Oprita CNBC 01.10.2010
US Is 'Practically Owned' by China: Analyst

The US supremacy as the top world economy will end sooner than many people believe, so gold is a better investment than the dollar despite it hitting a new record, Tom Winnifrith, CEO at financial services firm Rivington Street Holdings, told CNBC...


Czech president tells UN to stay out of economics

Louis Charbonneau Reuters UK 27.09.2010
Czech president tells UN to stay out of economics

Czech President Vaclav Klaus on Saturday criticized U.N. calls for increased "global governance" of the world's economy, saying the world body should leave that role to national governments.

Hong Kong Remains World's Freest Economy

Hong Kong Economic and Trade Office 22.09.2010
Hong Kong Remains World's Freest Economy

Hong Kong remains the world's freest economy according to the findings of the Economic Freedom of the World: 2010 Annual Report released today by the Cato Institute. This marks the 14th consecutive year Hong Kong has topped the ranking.


Dutch Cabinet cuts spending in 2011; more to come

Toby Sterling Yahoo! Finance 22.09.2010
Dutch Cabinet cuts spending in 2011; more to come

The Netherlands' queen and the outgoing prime minister presented an austere annual budget on Tuesday that cuts spending on health care, immigrants, and government workers -- a foretaste of more far-reaching cuts likely to come under the conservati...

Taiwan and Hong Kong to upgrade economic ties

Monsters and Critics.com 31.08.2010
Taiwan and Hong Kong to upgrade economic ties

Taiwan and Hong Kong pledged Monday to upgrade their economic relations in a landmark meeting made possible thanks to warming relations between Taiwan and China.


Booming Brazil Is Like the 'US in the 1950s'

Michelle Lodge CNBC 19.08.2010
Booming Brazil Is Like the 'US in the 1950s'

Brazil is booming and brimming with business opportunities—like the "US in the 1950s”—billionaire businessman Sam Zell told CNBC Wednesday. He said if Brazil continues on the same course, he predicts that the "fiscally conservative" nation will so...

China overtakes Japan in 2Q as No. 2 economy

TOMOKO A. HOSAKA My Way News 17.08.2010
China overtakes Japan in 2Q as No. 2 economy

Japan lost its place as the world's No. 2 economy to China in the second quarter as receding global growth sapped momentum and stunted a shaky recovery.


Europe's prospects brighten as U.S. fades

What's odd about this scenario? German business confidence is soaring while U.S. consumer sentiment sinks. Britain's second-quarter economic growth was almost twice as fast as expected, the strongest in four years. Meanwhile, economists have stead...

World at Risk of Folding in on Itself

The global economy is at risk of folding in on itself unless policy makers face up to the threat of inflation and exchange rate inflexibility, according to Arun Motianey, director of fixed income strategy at Roubini Global Economics.


Nightmare vision for Europe as EU chief warns 'democracy could disappear' in Greece, Spain and Portugal

Democracy could ‘collapse’ in Greece, Spain and Portugal unless urgent action is taken to tackle the debt crisis, the head of the European Commission has warned.

Spain sees credit squeeze, denies EU rescue bid

Spain admitted on Monday that the European financial crisis is taking a toll on the country's banks, with foreign banks refusing to lend to some, while Germany said the EU stands ready to help if Madrid needs a Greek-style rescue.


Risks to global economy have 'risen significantly', top IMF official warns

The risks to a robust global recovery have 'risen significantly' as many governments struggle with debt, a leading official from the International Monetary Fund has warned.

Europe Crisis Deepens as Chaos Grips Greece

SEBASTIAN MOFFETT And ALKMAN GRANITSAS The Wall Street Journal 06.05.2010
Europe Crisis Deepens as Chaos Grips Greece

Greece's fiscal crisis took a new turn to violence Wednesday when three people died in a firebomb attack amid a paralyzing national strike, while governments from Spain to the U.S. took steps to prevent the widening financial damage from hitting t...


Asia's Doctor Gloom

Billionaire George Soros is conspicuously bullish on China, as is the Carlyle Group. Jing Ulrich, jp Forbes.com 06.05.2010
Asia's Doctor Gloom

Economist Jim Walker may laugh off the nickname, but he's legitimately worried about China's collapse.

Greece Gets $146 Billion Rescue on EU, IMF Austerity Package

Gabi Thesing and Flavia Krause-Jackson Bloomberg.com 03.05.2010
Greece Gets $146 Billion Rescue on EU, IMF Austerity Package

Euro-region ministers agreed to a 110 billion-euro ($146 billion) rescue package for Greece to prevent a default and stop the worst crisis in the currency’s 11-year history from spreading through the rest of the bloc.



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