Assessing the future of Chinese economics Standing here on February 24, 2008 and look ahead to access the future of Chinese economics, I can see nothing on the chart but a southward turn arrow. China is facing two very serious economics challenge of cost – push inflation and slow – down export growth. […]
Darling Says G7 Will Not Coordinate Action to Increase Growth
The G7 group of rich countries will not seek coordinated action to boost growth, despite growing fears of a global economic slowdown prompted by the US sub-prime mortgage crisis, the chancellor of the exchequer, Alistair Darling, said yesterday. Darling, who is in Tokyo for today’s meeting of G7 finance chiefs, said it was up to […]
Tighten Those Belts
Many people in the fashion industry would prefer to exist in a hermetically sealed bubble, impervious to the real world, so as not to sully the red soles of their Louboutins by being brought down to earth. But there are times – and this New York fashion week was one of them – when not […]
Oils falls again on low Us Demands
prices fell on Monday, briefly ducking below $90, on concerns that crude demand may be hit by fears of a slowdown in US economic and fresh uncertainty on the equity markets, dealers said. New York’s main contract, light sweet crude for delivery in March, lost 50 cents to $90.21 per barrel, having earlier dropped below […]
Bush Unveils Record $3.1 Trillion Budget
George Bush handed his successor a major fiscal headache yesterday as he delivered the last budget of his eight-year term, a finance bill that hikes military spending, blows out the deficit to near record levels and tops $3tn (£1.5tn) for the first time. The 2009 budget provides for sharp spending increases on Iraq and protects […]
Senate Committee Approves Its Own Stimulus Package
The economic stimulus package passed on Wednesday by the Senate Finance Committee would inject almost $200 billion into the US economy over two years in order to combat recession. While the White House and the House of Representatives agreed on a economic stimulus package, the Senate’s version originally had no income ceiling. However, the committee […]