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...

The Group of 20 has tried on Thursday  at Seoul of South Korea  to agree how to put the world economy on a sounder footing as renewed fears over Ireland's ability to pay its debts underscored the lingering fallout of the global financial crisis. The G20 had hoped to use the two-day summit to recapture the unity forged in the depths of the crisis two years ago in order to soothe tensions over exchange rates generated by imbalances between cash-rich exporting nations and debt-burdened importers. But even as U.S. President Barack Obama voiced confidence that leaders would find a formula for more balanced and sustainable growth, negotiators squabbled over the language in a closing statement to be issued when the summit ends on Friday. "The persistence of these imbalances is a problem in the long term and these things have to be addressed," said Canadian Prime Minister Stephen Harper. "Will they be addressed at this conference? I'm not so sure, but I think we'...

The world's most demanded and user-friendly Internet search leader Google Inc is not building a social network to compete with Facebook, a company executive reiterated on Thursday, despite an intensifying rivalry between the two leading Internet groups. "We're not working on a social network platform that's just going to be another social network platform," Google's head of mobile product development, Hugo Barra, said in answer to a question at the Monaco Media Forum. "We do think that social networking is an ingredient for success for any application going forward, search and advertising being probably the best two examples that I would mention. So that's how we're thinking about the problem." Social networking has exploded in popularity and begun to reshape the balance of power in the Web industry. Facebook, launched in 2004, has more than 500 million members. Google Chief Executive Eric Schmidt said in September the company intended to...

ICC published top 20 Test players of all time. ICC named it in an order according who have maintained more points for a particular time and also in a term consistency. However take a glimpse on the list here:  The list of Top 20 players of all time 1.  Don Bradman (AUS) 961 v India 2. Len Hutton (ENG) 945 v West Indies 3. Jack Hobbs (ENG) 942 v Australia 4.  Ricky Ponting (AUS) 942 v England 5. Peter May (ENG) 941 v Australia 6. Clyde Walcott (WI) 938 v Australia 7. Viv Richards (WI) 938 v England 8. Garry Sobers (WI) 938 v India 9. Kumar Sangakkara (SL) 938 v England 10.  Matthew Hayden (AUS) 935 v England 11. Jacques Kallis (SA) 935 v New Zealand 12 Mohammad Yousuf (PAK)933 v West Indies 13. Graeme Pollock (SA) 927 v Australia 14. Everton Weekes (WI) 927 v New Zealand 15. Dudley Nourse (SA) 922 v England 16.  Doug Walters (AUS) 922 v South Africa 17.  Neil Harvey (AUS) 921 v South Africa 18.  Michael Hussey (AUS) 921 v West Indies 19. Denis Comp...

Big Oil is ready to go back to work in the Gulf of Mexico , even with the U.S government promising to rule the waters with a heavier hand. Chevron, Exxon, Royal Dutch Shell are willing to endure the additional time to secure permits and extra costs that will result from new government regulations because they've come to depend on deepwater drilling to replenish their reserves. The companies outlined plans for the Gulf this week as most of them reported improved earnings for the third quarter. These big oil and gas companies know the geology of the Gulf much better than other parts of the world. Taxes and royalties for projects in U.S. waters are considered to be much lower than foreign operations, and it's much easier and cheaper to deliver the oil to the consumer. "It's one-stop shopping," said Fadel Gheit, an analyst with Oppenheimer & Co. "When you're working in the Gulf, you're sitting in the belly of the largest energy-consuming economy ...