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As Europe stands united in its support for France's Finance Minister Christine Lagarde as a candidate to head the International Monetary Fund, many have begun to question if BRICS is truly an effective and united bloc. Will they be able to put forth a candidate all emerging countries can support?
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The 2008 financial collapse has economists pondering over the stability of global economies and the ability of those with financial power to maintain their wealth. If such a situation recurs, who will be held accountable?
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Indo-US business dealings and the US Federal Reserve’s money-printing initiative may have saved Chinese President Hu Jintao the headache of explaining – to his American counterpart – China’s stealth fighter shocker, undervalued currency and giant trade surplus.
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Over the past decade, emerging markets that have liberalized are far more open to foreign banks in their markets than are developed economies. A Gateway House study of financial services in 11 countries: four BRIC countries, one emerging market, four developed economies and two developing markets.
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For a moment, President Obama’s Asia tour served as a diversion from the abysmal results of the US midterm election. By the end of the tour, the Obama administration was swept up in the backlash of currency crisis. Can Barack Obama be the president America needs?