Economy

Without ECB help, Europe cannot be saved: IMF

Europe needs to follow a basic, but necessary, five-point action plan if it is to recover from the current financial crisis, says Arvind Virmani, International Monetary Fund (IMF) Executive Director, India.

By Doug Watt |December 22, 2011

2 min read

Japan: After the earthquake

Kaifukuroyoku is Japanese for resilience and this word perfectly captures the Japanese people’s ability to overcome hardship and disaster this year. Their ability to make a steady recovery from the Tohoku earthquake and tsunami that hit the nation on March 11 is a case in point.

By Rayann Huang |December 21, 2011

3 min read

Corporate bonds win over the long term

As the financial crisis of 2008 rolled over into the European crisis of 2011, one investment has remained popular: the U.S. government bond. Even after a ratings downgrade, U.S. Treasuries have held a firm place in the hearts of many investors.

By Staff |December 13, 2011

2 min read

U.S. labour market improves

There’s more good news on the labour front in the U.S. today, as the number of Americans applying for unemployment benefits fell last week to the lowest level in nine months. New applications dropped by 23,000 to a seasonally adjusted 381,000, according to the Labor Department.

By Wire services |December 8, 2011

2 min read