Category Archives: Money
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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…
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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…
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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…
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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…
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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…
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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…