Nouriel Roubini the New York University professor, who predicted the credit crisis, said China and other emerging markets risk a “hard landing” as they start raising interest rates to fight inflation.
South Korea's central bank has left its main interest rate unchanged at 2.75%, bucking a trend that has seen borrowing costs rise across Asia as policymakers try to slow inflation.
In spite of United States inciting Brazil and India to criticise China's currency policy, Beijing need “not worry too much” because it can defuse the tension through talks, according to Chinese officials.
Egyptian pro-democracy activist Wael Ghonim said Monday the country's new military rulers have promised him that a referendum will be held on a revised constitution in two months.
China's trade surplus fell to its lowest in nine months in January after imports surged, supporting the government's case ahead of a G20 meeting that it is doing enough to spur domestic demand without speeding up currency appreciation.
Germany's hopes for the next European Central Bank (ECB) chief to be a German have been hit after another possible candidate ruled himself out of the job. Ex-finance minister Peer Steinbrueck said he was not interested in the role as he shared the same views as outgoing Bundesbank President Axel Weber.
Russia has raised 96 billion roubles (3.3 billion USD) from the sale of a 10% stake in the country's second biggest bank, VTB. The sale marks the start of the government's huge privatisation drive aimed at raising 1 trillion roubles over three years.
By Tanveer Jafri - February 11, 2011 has gone down the pages of history as a day when 82 years old Egyptian President Hosni Mubarak, as a result of the people’s anger, had to escape his Presidential palace after 30 years of autocratic rule.
A rail alternative to the Panama Canal built by China is being considered by Colombia in a move that would boost trade between Asia and South America. The 220 kilometers 'dry canal' would link Colombia’s Atlantic and Pacific coasts by rail, according to Juan Manuel Santos, the president of Colombia.
US marine archaeologists have found the sunken whaling ship belonging to the captain who inspired Herman Melville's classic 19th Century novel, Moby Dick. The remains of the vessel, the Two Brothers was found in shallow waters off Hawaii.