Inflation surge threatens South Asia

World Bank says inflation began to threaten South Asia. The most worrying situation happening in the Maldives, where the black market foreign currency grew.
The World Bank notes, the average inflation Second-quarter 2009 in Pakistan, Nepal, Bangladesh, Afghanistan, Sri Lanka, and Bhutan for 10.9 percent. Compared to Latin America and the Caribbean with an average inflation [...]

Strengthening China data chock Dow Jones

The Dow and the Standard & Poor’s 500 closed during the 13-month high due to data reported by China and a sense of optimism from the developers of homes on strengthening the global economy.
As quoted by Reuters on Thursday (12/11/2009), pengembangn luxury homes Toll Brothers Inc. estimates a higher income than expected, so the lift [...]

British Youth Unemployment New Record

LONDON – The number of unemployed in the UK in the period from July – September 2009 increased 30 thousand people. Although it has increased, but the percentage improvement in unemployment was the smallest since May 2008.
According to the Office of National Statistics (ONS) total unemployment in the UK in third-quarter 2009 reached 2.46 million [...]

Rising demand from China, Black Gold Prices Rebound

NEW YORK – Crude oil prices increase world back slightly on Wednesday local time as the dollar rebounded against the data indicate strong growth in demand from consumers in China.
As quoted by Reuters on Thursday (12/11/2009), price of crude oil a stagnant U.S. 23 cents to $ USD79, 28 per barrel after a through $ [...]

APEC Leaders arrived Today

SINGAPORE – The leaders of the countries of Asia-Pacific region (APEC) scheduled to begin arriving on Thursday (12/11/2009) this. Based on data from APEC, the arrival of APEC leaders likely still going on until Saturday (14/11/2009).
APEC leaders summit is scheduled to perform in the framework of cooperation forum Asia Pacific (APEC Leaders Week) 2009. Some [...]