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April 3 (Bloomberg) -- Global leaders took their biggest steps yet toward a new world order that’s less U.S.-centric with a more heavily regulated financial industry and a greater role for international institutions and emerging markets.
At the end of a summit in London, policy makers from the Group of 20 yesterday delivered a regulatory blueprint that French President Nicholas Sarkozy said turned the page on the Anglo-Saxon model of free markets by placing stricter limits on hedge funds and other financiers. The leaders also pledged to triple the resources of the International Monetary Fund and to hand China and other developing economies a greater say in the management of the world economy.
At the end of a summit in London, policy makers from the Group of 20 yesterday delivered a regulatory blueprint that French President Nicholas Sarkozy said turned the page on the Anglo-Saxon model of free markets by placing stricter limits on hedge funds and other financiers. The leaders also pledged to triple the resources of the International Monetary Fund and to hand China and other developing economies a greater say in the management of the world economy.
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Emerging-Market Bond Sales Surge to Two-Year High (Update1)
April 3 (Bloomberg) -- Emerging-market governments and companies borrowed more in international bond markets this week than at any time in the past two years as interest costs plunged on optimism the worst of the global recession may be over.
April 3 (Bloomberg) -- Emerging-market governments and companies borrowed more in international bond markets this week than at any time in the past two years as interest costs plunged on optimism the worst of the global recession may be over.
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China GDP Growth May Quicken to 10% by Year End, Nomura Says
April 3 (Bloomberg) -- China’s economy may grow as much as 10 percent by the final quarter of this year as the government’s 4 trillion yuan stimulus package ($585 billion) takes effect, Nomura Holdings Inc. said.
“An investment boom led by the government’s stimulus package and a very low growth rate in the fourth quarter of 2008 may push growth to rebound to around 10 percent” by the fourth quarter of 2009, Sun Mingchun, an economist at Nomura in Hong Kong, said yesterday. The economy grew 6.8 percent in the fourth quarter of 2008.
April 3 (Bloomberg) -- China’s economy may grow as much as 10 percent by the final quarter of this year as the government’s 4 trillion yuan stimulus package ($585 billion) takes effect, Nomura Holdings Inc. said.
“An investment boom led by the government’s stimulus package and a very low growth rate in the fourth quarter of 2008 may push growth to rebound to around 10 percent” by the fourth quarter of 2009, Sun Mingchun, an economist at Nomura in Hong Kong, said yesterday. The economy grew 6.8 percent in the fourth quarter of 2008.
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April 2 (Bloomberg) -- Venezuelan President Hugo Chavez said he’ll seek investment agreements this week during a trip to Japan and China to secure financing for oil projects in the South American country.
Chavez is making stops in Asia and the Middle East to deepen economic ties after a plunge in oil prices forced him to cut government spending last month. He met yesterday with Iranian President Mahmoud Ahmadinejad to inaugurate a joint development bank
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Kirchner Restates Argentina’s Claim to Falklands, AFP Reports
April 3 (Bloomberg) -- Argentine President Cristina Fernandez de Kirchner reiterated her country’s claim to the Falkland Islands and called on the U.K. to renew talks on their sovereignty, Agence France-Presse rep
... is this woman smoking crack? Didn't Argentina learn that you do not mess with the British, they ruled the friggin world for nearly two centuries.
WHAT ON EARTH DO YOU WANT WITH SOME ISLAND IN THE MIDDLE OF THE ATLANTIC OCEAN, WHERE THE PEOPLE FEEL BRITISH...
