NewsTrust - Global Economy - Most Recent Stories: News (Mainstream)

Is There Such a Thing as Agro-Imperialism?

Sun, 22 Nov 2009 00:00:00 -0800

New York Times - By Andrew Rice - Nov. 22 (Special Report) - Fearing food shortages, investors from wealthy countries are snapping up land in poor countries to grow food there. Is this development or exploitation?

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Asia awaits Obama's Apec debut

Sat, 14 Nov 2009 00:00:00 -0800

Aljazeera - Nov. 14 (News Report) - The economic agreement is seen as bringing the two sides closer to normalising and systemising their economic relations. During a speech to Apec business and political leaders on Friday, Chinese President Hu

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S-300 missile deliveries to Iran under review — Russian

Thu, 12 Nov 2009 00:00:00 -0800

RIA Novosti - Nov. 12 (News Report) - Russia is still considering the possible deliveries of advance air defense systems to Iran and will not freeze the contract as a concession to the United States, a government official said. Russia signed a contract with Iran on the supply of S-300 air defense systems to the Islamic Republic in December 2005. However, there have been no official reports about the start of the contract's implementation since then.

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US pressure distorted oil figures, says whistleblower

Tue, 10 Nov 2009 00:00:00 -0800

The Guardian - By Terry Macalister - Nov. 10 (News) - The world is much closer to running out of oil than official estimates admit, according to a whistleblower at the International Energy Agency who claims it has been deliberately underplaying a looming shortage for fear of triggering panic buying. The senior official claims the US has played an influential role in encouraging the watchdog to underplay the rate of decline from existing oil fields while overplaying the chances of finding new reserves. The allegations raise serious questions about the accuracy of the organisation?s latest World Energy Outlook on oil demand and supply to be published tomorrow – which is used by the British and many other governments to ...

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If the economy's stagnant, why are stocks up? The answer is disturbing.

Wed, 04 Nov 2009 00:00:00 -0800

Slate - By Daniel Gross - Nov. 04 (News Analysis) - Here's a puzzle: The stock markets are doing very well, yet the performance of the underlying economy doesn't seem to justify optimism. The buoyant S&P 500 has risen 53 percent since the March bottom. And while the economy expanded at a 3.5 percent rate in the third quarter, unemployment is high, incomes are stagnant, and consumers are shaky.

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Britain is forcing breakups of bailed-out major banks -

Tue, 03 Nov 2009 00:00:00 -0800

Los Angeles Times - By Anthony Faiola - Nov. 03 (News) - The move to downsize some of Britain's largest banks comes as U.S. politicians are debating whether American banks should also be required to shrink.

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China steps up, slowly but surely, to address emissions issue

Sat, 24 Oct 2009 00:00:00 -0700

Washington Post - By Steven Mufson - Oct. 24 (Special Report) - In a large greenhouse, hundreds of tubes hold strains of algae being tested for how much carbon dioxide they can suck from the air. Outside, half a dozen brands of solar panels are being matched for performance against the company's own. Next door,

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Biggest Obstacle to Global Climate Deal May Be How to Pay for It

Thu, 15 Oct 2009 00:00:00 -0700

New York Times - By Elisabeth Rosenthal - Oct. 15 (Special Report) - The price of a climate agreement will be $100 billion a year by 2020, many economists estimate; some put the cost at closer to $1 trillion.

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Have we learned anything?

Thu, 15 Oct 2009 00:00:00 -0700

National Post - By Johan Norberg - Oct. 15 (Special Report) - In The Big Picture, The Great Financial Meltdown Of 2008 Can Be Blamed On The Collapse Of A Series Of Bubbles -- Bubbles In Credit, In Housing, In Asset-Backed Securities. In The Aftermath, We Face A New Threat -- A Knee-Jerk Bubble In Regulation And Government Intervention In Financial Markets. You've Been Warned.

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Dollar versus Global Currency: World Leaders Deny US Dollar's Demise

Wed, 07 Oct 2009 00:00:00 -0700

ABC News - By Matthew Jaffe - Oct. 07 (News Report) - Is the dollar's status as the world's reserve currency in jeopardy? How are U.S. officials responding? And should the average American be worried?

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US treasury secretary urges IMF reform

Sun, 04 Oct 2009 00:00:00 -0700

Seattle Times - By Christopher Torchia - Oct. 04 (News Report) - "Quota reform is crucial for increasing the legitimacy and effectiveness of the Fund," the committee said in a statement. It planned to review progress at its next meeting in Washington on April 24, and sought an agreement on the voting shift by January 2011. The change would then be subject to approval by the legislatures of some member countries. "This is a process that will take time. It won't happen overnight," said committee chairman Youssef Boutros-Ghali. "We are reforming an organization that is complex, sophisticated and reaching every corner of the world economy."

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Coalition Talks: Merkel's New Government Unlikely to Pursue Radical Reforms

Mon, 28 Sep 2009 00:00:00 -0700

Der Spiegel - Sep. 28 (News Report) - Chancellor Angela Merkel's conservatives and their new partners, the Free Democrats, could reach a coalition deal by the end of October. But it may not be easy. Tax cuts and burgeoning government debt could slow down the talks.

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Mandate for Change in Germany

Mon, 28 Sep 2009 00:00:00 -0700

Wall Street Journal - By Marcus Walker - Sep. 28 (News Report) - A center-right alliance led by German Chancellor Angela Merkel was set for victory in Germany's national elections on Sunday, opening the door to modest tax cuts and labor-market changes that could help strengthen the fragile recovery in Germany's crisis-battered economy.

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G20 Leaders Tout Progress on Bank Regulation, But Big Issues Remain

Sun, 27 Sep 2009 00:00:00 -0700

Wall Street Journal - By Damian Paletta - Sep. 27 (News Report) - U.S. and foreign leaders meeting at the Group of 20 summit agreed to toughen regulation of global banks, but some key differences remain related to capital rules, compensation and derivatives oversight.

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The G20 summit: Regaining their balance