Chinese legislators yesterday reviewed a proposal to permit local governments to issue bonds to fund the RMB 4trillion (US$586 billion) stimulus package at the 18th meeting of the chairman and the vice-chairpersons of the Standing Committee of the 11th National People's Congress.Local governments are...
COLOMBO, Jan 2 - Sri Lanka's economy will grow an estimated 6.0 percent in 2009 and annual inflation is expected to slow down to 9 percent, the governor of the central bank said on Friday....
NEW YORK, Dec 11 - The view that interest-rate cuts have not worked during the financial crisis is "plain wrong" and "dangerous," former Fed Governor Frederic Mishkin said on Thursday. Since the financial crisis escalated...
SHANGHAI, Nov 8 - China will boost government investment next year to lift the country's slackening economic growth, the chief economist of the National Bureau of Statistics was quoted as saying on Saturday. Higher spending...
DEARBORN, Mich., Oct 30 - U.S. automakers need "quick loans" from the federal government beyond the $25 billion loan package already approved in order to prevent one of them from failing because of the tight...
TOKYO, Oct 14 - Bank of Japan Governor Masaaki Shirakawa said on Tuesday he saw no need for the government to guarantee all bank deposits as Japan's financial system is relatively healthy compared with those...
DUBLIN --Central Bank of Ireland Governor and European Central Bank executive board member John Hurley said Wednesday that the ECB's rate cut is "not a cure all" for the ongoing financial crisis. He said in...
It is part of the government's efforts to shore up the economy amid the global financial crisis.
U.S. presidential candidates John McCain and Barack Obama argued about who has a better economic plan in their final debate Wednesday night
Mrs Arroyo said the fund will help the 10 Asean countries with severe liquidity problems, and can be used to purchase bad assets and recapitalise troubled financial institutions and private companies...