latest world business news

Everyone will agree with this comment of time that the United States of America (USA) has been ruling the world unilaterally without facing any bar on implementation of his decision. Here, the decision of American Senate and Congress is a must to be realized in any place of the world. However this uni-power circle can be harmful for all of the world including American people also.  So, balance in US decision will ensure stability and balance over the world, it is believed by the conscious people no doubt. Chiefly, the decision making depends on empowered political party's commitment of US. Extremism is hatred for all. The theme mainly works as mandate achieving factor in all democratic decisions in all time in America. True picture of election is not altered there. On this very reality of world politics American Presidents and their policies are very important to the effect of the whole world and it is interesting to be informed about the world ruler for the people thinking for a...

  Central banks and international institutions have been the major holders of gold for more than 100 years and are expected to retain large stocks in future. They currently account for about 20% of above-ground stocks of gold.   The process of rebalancing reserve portfolios to adjust to changing conditions has led to a reduction in the amount of gold held by some central banks recently and this process may continue for some years to come. But the central banks have affirmed that gold will remain an important reserve asset for the foreseeable future and it retains an important role in reserve management.  Central banks started building up their stocks of gold from the 1880s, during the period of the classical gold standard. Under that system, for countries on the gold standard, the amount of money in circulation was linked to the country's gold stock, and paper money was convertible into gold at a fixed price.  The development of banking and credit meant that ...

Leaders of the 21-member Asia-Pacific Co-operation (APEC) forum have pledged to establish  a regional free-trade area. The agreement was announced on Sunday at the end of a two-day summit held in Yokohama of Japan. The initiative would link the world's three biggest economies - the United States, Japan and China. However, deep differences remain - chiefly between the US and China - over trade imbalances and currency distortions. The USA aims to increase their exports to the region and considers China's cheap currency is a barrier to that goal. Chinese President Hu Jintao has said any change will only be made at Beijing's own pace. In their final declaration, APEC leaders reaffirmed their "unwavering commitment to achieving free and open trade and investment in the region". They also pledged to take "concrete steps toward realising a Free Trade Area of the Asia-Pacific", but gave no timetable. The declaration - entitled Yokohama Vision - also rej...