(PTI): After Iran announced that it needs more time to consider an IAEA-brokered draft proposal on nuclear fuel supply, Washington says it “will not wait forever”. “Obviously we would have preferred to have a response today. We approach this with a sense of urgency,” said US State
We need more time on draft proposal nuclear fuel supply by IAEA: Iran
Published in October 25th, 2009
Posted by The Business Time in National
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G7 stresses over the importance of a strond dollar
Published in October 25th, 2009
Posted by The Business Time in Business
(PTI): The G7 has warned against currency volatility, stressing the importance of a strong dollar and a flexible yuan exchange rate. “We have reaffirmed the necessity for the Chinese currency to appreciate … and we continue to believe that we need a strong dollar,” French Finance Minister Christine
WB President warn to allocate loans only to poor countries due to a rising aid demand
Published in October 25th, 2009
Posted by The Business Time in Business
(PTI): World Bank president Robert Zoellick has warned that the lender may have to allocate its loans only to poor countries due to a rising aid demand. Zoellick says the rise in demand, which is triggered by the global economic meltdown, may force the bank to slash
Iran warns against arms race in outer space
Published in October 24th, 2009
(PTI): Iran’s deputy ambassador to the United Nations calls for global act to prevent the militarization and weaponization of outer space as an arms race in outer space is apparently emerging. Speaking at the Fourth Committee of the UN General Assembly, Ishaq Ale-Habib expressed ‘deep concern’ over
Britain is in its longest recession since 1955
Published in October 24th, 2009
Posted by The Business Time in Business
(PTI): Britain is in its longest recession since 1955, confounding expectations for a return to growth in the third quarter of the fiscal year, government data shows. Gross domestic product (GDP) unexpectedly slumped 0.4 percent between July and September compared with a fall of 0.6 percent in the second quarter, the Office for National
China’s GDP reaching 8.9%
Published in October 23rd, 2009
Posted by The Business Time in Business
(PTI): China’s economic recovery has accelerated in the third quarter of 2009, reaching 8.9 percent, as most sectors of the economy have performed strongly. The rebound was fuelled by a massive government stimulus program that helped the Chinese economy recover from the global recession. According to data released on Thursday, the gross domestic product (GDP) [...]
