Reuters: When Paul Friedman met the rag-tag youth camped out near Wall Street to protest inequality in the American economy, he felt he was witnessing the start of a protest movement not seen in America since the 1960s. And Friedman should know. The 64-year-old was a student organizer during the anti-Vietnam War movement, protesting from ...

MP charges that Government is focusing only on physical infrastructure and adopting a top-down development approach instead of a more inclusive and participatory humane political futureUnited National Party Parliamentarian Eran Wickramaratne asserts that the Government is depleting the resources of the municipality on an election extravaganza. In a candid interview with the Daily FT, the ...

More inflows into service, capital, financial accounts, says CB Rupee was under pressure due to heavy imports in Aug., Sept. Currency dealers wary on rupee stability By Shihar Aneez Reuters: Pressure on Sri Lanka’s rupee currency will recede in coming months due to increasing inflows into the country’s service, capital and financial accounts, the Central ...

HONG KONG (AFP): Asian markets were mixed in choppy trade Thursday ahead of a key vote by Germany’s parliament on whether to approve an expansion of the eurozone’s rescue fund. A new European Union-International Monetary Fund audit of Greece’s progress under its 110 billion euro

LONDON (Reuters) – World stocks rose for a third straight session on Tuesday, with European shares up 2 percent, as investors took comfort from reports that officials were working to add to measures to calm the euro zone debt crisis. After losing more than 7 percent last week, the MSCI all-country world stock index was ...

BRUSSELS(AFP): Caught in the shadow of a potential Greek default that has seen investors switch into risk-aversion mode, European banks are back in the hunt for funds to shore up their books. In a major U-turn, senior EU officials conceded this past week that Europe’s banks need to raise more capital to weather the storm ...

In its march towards development, Sri Lanka is still seeking the assistance of bilateral and multilateral organisations as well as greater input from foreign investors, Governor of the World Bank Group and International Monetary Fund for Sri Lanka, Senior Minister for International Monetary

Gives comprehensive address highlighting issues of developing countries Shoots down discriminatory practices by developed countries Outlines post-war development, reiterates stance against terrorism Backs Palestine, Cuba and Africa By Nisthar Cassim in New York In his much-anticipated address to the UN, President Mahinda Rajapaksa yesterday took a comprehensive local, regional and world view, with...

By Deepal V. Perera in Washington DC The International Monetary Fund (IMF) releasing its Global Financial Stability Report assessing key risks facing the global financial system said that financial stability risks have increased substantially over the past few months. Weaker growth prospects

SAINT JOHN (Reuters): Canadian economic growth will resume this year and the European debt crisis is “fixable” with existing resources, Bank of Canada Governor Mark Carney said. In an apparent bid to counter growing fears of another recession in Canada, Carney also said he does not expect a U.S. recession, although the risk of one ...

SYDNEY (AFP): Australian Treasurer Wayne Swan on Wednesday urged European nations to “get their act together” as the International Monetary Fund released dire new predictions for the global economy. Named the world’s best finance minister by Euromoney magazine overnight due

HONG KONG (AFP): Asian stock markets extended their losses on Tuesday after the eurozone debt crisis deepened when ratings agency Standard & Poor’s downgraded Italy’s sovereign debt. The move further depressed the already weak euro, which sent Tokyo shares tumbling, with exporters taking the brunt of the selling. It also compounded concerns that Athens is ...

WASHINGTON (Reuters) : The head of the International Monetary Fund on Thursday urged advanced countries to take bold, coordinated action to break a vicious cycle of weak growth and high debt that threatens the global economy and has been worsened by dysfunctional politics. “Without collective

(Reuters) – The global economy is unlikely to fall back into recession but there are risks, World Bank President Robert Zoellick said on Tuesday. “I don’t believe that the United States or the world will go into a double-dip but there’s high degrees of uncertainty,” Zoellick told reporters in Singapore. The United States is more ...

JACKSON HOLE: Central bankers gathered at an annual retreat in Jackson Hole, Wyoming, this weekend had a message for political leaders: monetary policy alone can’t keep the global expansion going. Federal Reserve Chairman Ben S. Bernanke urged adoption of “good, proactive housing policies” to reverse the depressed US real estate market and warned lawmakers to ...

Reuters: The heads of the U.S. Federal Reserve, IMF and OECD stepped up pressure on political leaders on both sides of the Atlantic to shake off their inertia and tackle urgent economic problems. If politicians ignore their pleas — including a blunt call from International Monetary Fund chief

THE current market turmoil, marked by a huge spike in uncertainty, has shaken confidence across the global economy and prompted many to conclude all policy options have been exhausted. That impression is wrong – and could lead to paralysis. After the crisis unfolded in late 2008, global policymakers came together to act with common purpose. ...