Can you think of a 4-letter word ending with k? Something that many people profess to do and yet evidently they are not doing enough of? Yes, the answer is R-I-S-K or more accurately, the ‘management of risk‘ as they go about their daily lives.
At Smart Incubator, we passionately believe that teens and adults can [...]

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WASHINGTON: US President Barack Obama on Thursday issued a fresh call to China to embrace a “market oriented” exchange rate for the yuan, saying such a move would help rebalance the global economy.
Obama made his latest foray into the delicate US-China relationship in a major speech on trade, saying the world needed to rebalance the [...]

China, dollar, forex, spending, US Hide

WASHINGTON: The US government registered a record budget deficit in February despite rising revenues, setting a record 17th consecutive month in the red, the Treasury said on Wednesday.
The February budget shortfall was 220.909 billion dollars, a 14 percent rise from a year ago and the biggest monthly gap on record.
The reading, however, was slightly better [...]

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The worst ofGreece’s financial crisis is over and other European nations won’t follow in its path, said former European Commission President Romano Prodi.
“For Greece, the problem is completely over,” said Prodi, who was also Italian prime minister, in an interview in Shanghai today. “I don’t see any other case now in Europe. I don’t think there [...]

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The political consensus may be that President Barack Obama’s handling of the economy has been weak. The judgment of money in all its forms has been overwhelmingly positive, and that may be the more lasting appraisal.
One year after U.S stocks hit their post-financial-crisis low on March 9, 2009, the benchmark Standard & Poor’s 500 Index has risen [...]

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“Who you gonna call?” wasn’t just a catchphrase in the 1984 film “Ghostbusters.” If the worst happens in Greece, Spain or Portugal, we’re going to hear it all over again, and Europe’s taxpayers will want to know the answer.
The European Union? The European Central Bank? Or the International Monetary Fund?
Senior officials, including ECB President Jean-Claude Trichet, [...]

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China’s yuan is facing increasing pressure to appreciate because of a widening interest-rate differential, the country’s top currency regulator said in a statement.
Speculative capital is flowing into China disguised as foreign direct investment and trade accounts through “underground money shops,” Yi Gang, head of the State Administration of Foreign Exchange, said at a briefing in Beijing today.
The [...]

China, forex, Interest rates, UK Hide

WASHINGTON: The US Federal Reserve is expected to hike benchmark interest rates within six months as the economy recovers from one of the most brutal recessions, a poll among economists showed Monday.
When asked what monetary policy posture they would prefer in the next six months, 63 per cent of 203 economists of the National Association [...]

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LONDON: Britain, which emerged from recession in the final quarter of 2009, faces a “high” risk of relapse and below-average growth in the next two years, the British Chamber of Commerce warned on Sunday.
“The UK economic outlook will remain highly uncertain for a considerable time,” the BCC said in the group’s latest economic forecast.
“The recovery [...]

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Greece’s pledge to ramp up planned budget-deficit cuts by half failed to yield commitments of financial assistance from Germany, Europe’s biggest economy, to help solve its financial crisis.
German Chancellor Angela Merkel said a meeting tomorrow with Greek Prime Minister George Papandreou won’t be “about aid commitments.” Her finance minister, Wolfgang Schaeuble, said the deficit-reduction measures announced in Athens [...]

debt, Euro Zone, forex, Germany, greece Hide

Daimler AG’sMercedes-Benz unit, the world’s second-largest maker of luxury cars, will almost double investment on “green” technologies to take on BMW in the race to offer electric vehicles.
Stuttgart, Germany-based Mercedes intends to spend 1 billion euros ($1.4 billion) in each of the next two years to develop batteries and fuel-saving engines, Thomas Weber, Daimler’s development chief, [...]

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