Largarde: IMF fund not enough
(NWI) Christine Lagarde, head of the International Monetary Fund, warned that its $384 billion emergency bail-out fund might not be enough. “The fund’s credibility, and hence effectiveness, rests on its perceived capacity to cope with worst-case scenarios. Our lending capacity of almost $400 billion looks comfortable today, but pales in More...
China cannot Grow in Isolation: Chinese Premier
Chinese Premier Wen Jiabao has said the country cannot grow in an isolated way, and it will look to develop global and domestic growth. He added that more open economic and trade policies would help it and the More...
Canadian Mortgage Rate goes Down Because of Foreign Investors
Enjoying low mortgage rates? You can give a big thanks to foreign investors. Foreign investors snatched up $8.5-billion worth of Canadian bonds in the second quarter, bringing the total of bonds bought by foreigners More...
Record Exports Shrink US Trade Gap
WASHINGTON: The US trade deficit narrowed sharply in July on a surge in exports, the Commerce Department said on Thursday. The trade gap fell to $44.8 billion, from a downwardly revised $51.6 billion in June, according More...
iQuit and Steve Jobs is No More Apple CEO
Apple co-founder Steve Jobs has resigned as chief executive of the technology giant and will be replaced by chief operating officer Tim Cook. Mr Jobs, who underwent a liver transplant following pancreatic cancer, More...