Chinese exchange rate still cause for worry.
Byline: Sheila Mathrani DAVOS: The annual session on 'global economic outlook' in Davos could not have been better-timed. Had the financial turmoil due to the US sub-prime crisis followed Davos, there might not have been the concerted call by policy makers that there should be better financial...

Editor's note.
This issue of the Cato Journal features articles that were first presented at the Cato Institute's 25th Annual Monetary Conference, November 14, 2007. The theme of that conference--Monetary Arrangements in the 21st Century--raises important questions about the types of monetary regimes that best protect the value and stability of...

Indices off highs; metals drag.
MUMBAI: Equities partially gave up initial gains as investors turned cautious at higher levels uncertain whether the current momentum would continue till the end of the day, given the volatility in financial markets. Asian shares, which shot up in early trade after the US Federal Reserve and...

India seeks more UK investment: Kamal Nath.
Commerce & industry minister Kamal Nath has raised concerns over slowing down of investments from the UK in recent years. Interacting with CEOs from India and the UK on Monday, Mr Nath said India seeks investments in areas like highways, bridges, expressways, ports, power generation, water plants and water...

World vending group produces coin design handbook for mints.
The World Vending Association (WVA) Coin Design Handbook was recently produced under the aegis of the Mint Directors Conference Technical Committee (MDC-TC) and is a guide to understand the coin validation process and its consequences. Its ultimate aim is for mints to design and manufacture coins for optimized electronic...

Indices off highs; metals drag.
MUMBAI: Equities partially gave up initial gains as investors turned cautious at higher levels uncertain whether the current momentum would continue till the end of the day, given the volatility in financial markets. Asian shares, which shot up in early trade after the US Federal Reserve and...

Re gains 12 paise, premia jump.
MUMBAI: The rupee rose against the dollar on Wednesday, riding on the wave of positive global sentiment caused by US Fed's announcement of injecting liquidity into 'strained credit markets'. The local currency ended the day at 40.33/34 levels against the dollar, 12 paise above Tuesday's close of 40.45/46. ...

ASEAN-4 show growth despite sinking US demand: S&P.
MUMBAI: The slowdown in US and in the broader global economy will somewhat moderate growth in the ASEAN-4 economies (Indonesia, Malaysia, Philippines, and Thailand) in 2008, but strong domestic fundamentals will ensure that this has a limited impact, according to Standard & Poor's Ratings Services. "In 2007,...

Emerging markets get credit for expanding banking: BIS.
NEW DELHI: The Bank of International Settlements (BIS) on Monday said that new credit to Asian, African and Middle Eastern emerging markets expanded the international banking market in the fourth quarter of 2007 despite 'tensions in the inter-bank market'. This offset the impact of the financial turmoil...

RBI forecasts GDP growth of 8-8.5%.
(##include msid=2459375,type=9 ##) MUMBAI: Rarely do politics and monetary policy go hand in hand. On Tuesday, it did. In what would possibly be his last annual policy statement, Reserve Bank of India (RBI) governor Yaga Venugopal Reddy kept interest rates unchanged, a decision that will not only...