Paranjoy Guha Thakurta Who remembers July 1991? Dr Manmohan Singh certainly. As Union finance minister, he devalued the Indian currency by close to 30 per cent that month, from roughly Rs 17 for $1 to Rs 22 per dollar....
The U.S. is facing the worst financial crisis since the Depression. You would never know that from the Democrats' platform or its Republican counterpart, or from listening to Barack Obama or John McCain. It says nothing...
Banking Bureau Posted online: Saturday , August 30, 2008 at 02:36 hrs Updated On: Saturday , August 30, 2008 at 02:36 hrs Forex reserves climbed $1.08 billion to $297.3 billion for the week ended August 15, the Reserve...
Parallel to the growth in the Islamic finance industry worldwide, Turkish participation banks, formerly called special finance houses, have also been expanding and attracting new customers, with Bank Asya having emerged...
BUENOS AIRES, Aug 9 (IPS) - Over the past year, the Argentine government has threatened several times to default on its payments to the International Monetary Fund. But on Monday it announced that it would keep up its...
Saudi Arabia's economy has almost doubled since 2002 with nominal gross domestic product projected to approach $500m this year. All of the GCC states, except Kuwait, have their currencies linked to the value of the US...
Slowly but surely, a growing number of people -- except equity investors and Wall Street "strategists," many of whom appear to lack the brainpower necessary to figure such things out -- are coming around to the idea that...
Bloomberg - Aug. 27 (Bloomberg) -- The U.S. is facing the worst financial crisis since the Depression. You would never know that from the Democrats' platform in Denver or its Republican counterpart, or from listening to...
A Group of 20 (G20) finance official said recently that the International Monetary Fund (IMF) has cut back its forecast for the world economic growth this year to 3.9 percent, down from 4.1 percent in its World Economic...