Markets Archives - Page 639 of 782

Infographic: Can U.S. be Energy Independent?

The United States is experiencing an oil and natural gas boom, one that has created thousands of jobs and at the same time provided a much needed boost to the national economy. With this new optimism, is US energy independence finally within reach?

The United States has for decades been a voracious energy consumer, but the last time the nation was truly energy independent was in 1952. However, during his 2012 State of the Union address, President Barack Obama announced that the US relied on less foreign oil that it has in any of the last 16 years.

The Euro’s Silver Lining – Why The Doomsayers Are Wrong: Norbert Walter

Crises are usually defined by sustained economic decline, high and long-term unemployment, poverty, rampant inflation, a precipitous fall in the exchange rate, fiscal deficits, high borrowing costs, and political dysfunction. But only a handful of “misery indices” are present in Europe today, and the region’s strengths should be able to overcome them.

Australia Set World Record with 21 Years of Continued Economic Growth

Australia set a new world record on June 30, 2012 of 21 years of continued economic growth – an achievement unmatched by any other developed country in recent times. While the global economic crisis endured, Australia’s trade with Asia, mining industry, and business supportive government drove positive growth for the country in 2012.

Wealthy Tax Evaders Could Be Let Off The Hook In India

India’s income tax department is unlikely to press criminal charges against more than 100 wealthy Indians who had secretly stashed funds in Swiss bank accounts, reported Bloomberg News on Tuesday, with the amnesty offer valid to only those who willingly repatriate the money back to India and pay off their back taxes.

Can Europe Learn From Their Own Past Crises?: Harold James

Summer crises are a familiar feature of European history – and of financial history. Often, addressing some technical issue was not enough to resolve a major political problem, which is true today as well, with Europe’s current crisis reflecting exactly the same mixture of elements, each requiring a very different type of solution.

ASEAN To Push China For South China Sea Code Of Conduct

Foreign ministers from the 10-member Association of Southeast Asian Nations (ASEAN) have agreed to key points surrounding maritime boundaries in the South China Sea and are prepared to reach out to China to resolve any disputes, said Cambodian Prime Minister Hun Sen on Monday, after first day of talks concluded at the annual ASEAN regional forum in Phnom Penh.

China’s Growth to Hit Lowest Level Since 1990

Chinese Premier Wen Jiabao has warned that China faces serious “downward pressures” and added that China will have to adopt aggressive stimulus measures to achieve its 2012 growth target.

Wen’s remarks came days after the People’s Bank of China cut interest rates for a second time in four weeks, a surprise move which led to speculation that that the Chinese economy is slowing more sharply than expected.

Will The Next Economic Disaster Be A Cyber Crisis?: Kenneth Rogoff

The dependence of modern economies on large-scale computer systems presents a new age risk to the global economy. Unfortunately, as the 2008 financial crisis demonstrated, most politicians are still congenitally incapable of making difficult choices until the risks actually materialize.

Key Economic News to Watch This Week: July 9

China, the world’s second largest economy, will report its second-quarter results this Friday and the analysts are expecting the results to be “one of the worst in at least three years.” A sharp slowdown in Beijing will no doubt spell bad news for the global economy, given that China has been the key driver of growth in recent years.

Monday, July 9

Catherine Ashton, the EU high representative for foreign affairs and the European Commission’s vice president, visits China for the third round of China-EU high-level strategic dialogues.

Why Obama’s Job Plan Trumps Romney’s: Laura Tyson

With US unemployment still above 8 percent, jobs have become a major focus in the presidential campaign. But, while President Barack Obama’s proposals are convincing, none of Mitt Romney’s would do much in the near term – and some could prove counterproductive.