Reuters: The World Bank on Monday said it stood ready to help governments respond to a broad-based run-up in grain prices that has again put the world’s poorest people at risk and could have lingering detrimental impacts for years. “We cannot allow short-term food-price spikes to have damaging long-term consequences for the world’s most poor ...

Reuters: Loose global monetary conditions are stoking credit and asset price booms in some emerging markets that could lead to a new financial crisis, the Bank for International Settlements warned on Sunday. Such a boom-and-bust cycle might have severe global repercussions, not least due to the increased weight of emerging markets in the world economy ...

Fitch Ratings says in a newly published special report that credit growth in emerging markets (EMs) is likely to slow in 2012 due to the weaker global economic outlook, policy moves by EM authorities to prevent overheating and base effects. Banking systems in most EMs which experienced rapid credit growth in 2010-H111 remain sound. However, ...

MILAN (Reuters): Agricultural commodity markets are set to remain tight with high and volatile prices despite improved supply and weakening demand, the United Nations’ food agency said on Thursday, raising its estimates of global grain output this year. Food prices grabbed the attention of world policy makers after hitting record highs in February and helped ...

By Cheranka Mendis WSO2Con 2011, the much looked forward to, user conference for technology enthusiasts kicked off yesterday at the Water’s Edge, promising three days tech-savvy interaction to more than 250 participants from all over the world. With over 40 sessions planned out with speakers from 10 countries alongside local speakers and participants, the conference ...