1. The Financial District in New York City, New York, November 10, 2011

    American Central Bank Seen Reinflating Financial Bubble

    By keeping interest rates near zero, the Federal Reserve is distorting investment.

    Fear is rising that the American central bank's expansionary monetary policy might be inflating another bubble. Having flooded financial markets with some $2 trillion in easy money since the summer of 2007, the Federal Reserve has hampered a necessary reallocation of resources…
  1. Prime Ministers Li Keqiang of China and Manmohan Singh of India speak at the presidential palace in New Delhi, May 20, 2013

    India Poised to Be China’s New Engine for Growth

    Having soured relations with neighboring Japan, China cannot afford to alienate Asia’s other major economy.

    Quite possibly the most senseless foreign policy position China has taken over the years has been its stance toward Japan. With diplomacy concentrating on World War II issues that most of the world has…
  1. An Argentinian propaganda poster in Buenos Aires shows YPF's logo and the Falkland Islands, March 2, 2012

    Argentina Might Lead Wave of Resource Nationalism

    Other countries could be inspired by Argentina’s expropriation of an oil firm.

    Despite the Arab spring, it was not a Middle Eastern country which grabbed biggest headlines for resource nationalism in 2012. It was Argentina, where populist President Cristina Fernández de Kirchner proposed a bill on April 16 to…
  1. British prime minister David Cameron shakes hands with American president Barack Obama as he prepares to depart the White House in Washington DC, July 20, 2010

    Cameron Urges Transatlantic Trade Deal, Obstacles Remain

    Not all Western leaders share David Cameron’s enthusiasm for expanding trade.

    Before meeting President Barack Obama in Washington DC on Monday, British prime minister David Cameron urged progress toward forming a transatlantic free trade zone which he…
  1. View of the Piazza del Duomo in Milan, Italy, November 24, 2009 (Bjørn Giesenbauer)

    Liberalizing European Services Would Boost Growth: Study

    Fully implementing the bloc’s services directive would raise European growth 2.3 percent.

    Further liberalization of service industries in the European Union could raise economic growth for the bloc 2.3 percent or nearly €300 billion per year, a British study released on Wednesday suggested. The European Union's services directive, enacted while the Dutchman Frits Bolkestein…
  1. The skyline of Bangalore, India, September 27, 2010

    India-EU Free Trade “Early Harvest” Deal Looks Possible

    Short of a full agreement, Europe and India may tentatively agree to expand trade.

    Hopes are rising that the proposed India-European Union Free Trade Agreement may finally be signed off next month after five years of talks. With the chief negotiators of both sides due to meet in two weeks' time in Brussels, both parties have stated that they are…