KATHMANDU: The popular adage, ‘After every fall, comes the rise’ could be used to exemplify the prevailing conditions in China. Every rational being on this planet is supposedly questioning the negative economic data furnished from the country. But corroborating the above adage, it seems most economists ... More
WASHINGTON: Near-term US deficits under President Barack Obama’s 2014 budget plan would be higher than those forecast by the Congressional Budget Office (CBO) this week but USD 1.1 trillion lower than what it estimates over the coming decade, CBO said on Friday. After four straight years of USD one trillion p ... More
SINGAPORE: More than two months have passed since Khil Raj Regmi was sworn in as the head of Nepal’s interim government. Its singular mandate was to pave the way for another election to the Constituent Assembly by June 21.
Regmi’s appointment of prime minister as a (largely) consensus candidate ... More
KATHMANDU: Khil Raj Regmi government spent almost two months doing nothing after assuming power. Definitely, this government was formed to conduct the elections of the Constituent Assembly (CA) when the political parties were
unable to forge consensus over seeking any way out of the political deadlock. Whil ... More
SINGAPORE:There is a buzz around venture philanthropy these days. It is an idea which although developed almost a century ago, has only taken shape and obtained a structure over the last two to three decades, primarily in the West. It is now finally taking root in Asia, though at a nascent stage.
There is an increasing focus on alternativ ... More
KATHMANDU:The Supreme Court has begun regulating unhealthy practice of exercising Public Interest Litigation (PIL), based on which it has been exercising judicial activism.
A three-member special bench of Justices, Kalyan Shrestha, Girish Chandra Lal and Sushila Karki recently issued the order in response to Bhimsen Pokhrel versus governm ... More
KATHMANDU: The European Central Bank (ECB) cut the interest rates by quarter points to 0.5 per cent as a result of the extended slump that enveloped the European shores. The ECB has signalled it was prepared to go even further, if the condition in the Euro Zone failed to turn for the better. In hindsight, the ECB has now finally aligned with oth ... More
CHICAGO: Federal Reserve Chairman, Ben Bernanke said on
Friday that the shadow banking system still posed a threat to financial stability, and funding markets might still not be able to cope with a major default.
In a wide-ranging speech explaining the Fed’s role in monitoring the health of the banking system, Bernanke also ... More
KATHMANDU: A normal business cycle has phases like expansion, crest, contraction, recession, trough, recovery, expansion and so on. Gold remained one such destination of investors which they expected would not come down again at least in their lifetime, but gold prices crashed. Here we would like to examine in brief why gold crashed and what cou ... More
KATHMANDU: In 1997, wearing slippers in parliament was banned. It mandated all persons, including the journalists, to wear closed shoes when entering the parliament. The rationale behind the move was to avoid the members of the parliament being distracted by the noise made by slippers.
Few days after the sessions of the Constituent Assemb ... More
GREATER NOIDA: The Asian nations must be on guard against excessive risk taking and asset bubbles fed by central bank efforts to boost economic growth.
Central banks in countries, including Japan, the United States and Britain, have been pumping out money which has driven investors to seek higher returns in emerging economies around the w ... More
WASHINGTON: Employment rose at a faster pace than expected in April and hiring was much stronger than previously thought in the prior two months, a sign of resilience that should help the economy absorb the blow from belt-tightening in Washington.
Non-farm payrolls rose by 165,000 jobs last month and the unemployment rate fell to 7.5 per ... More
KATHMANDU: Former Prime Minister Madhav Kumar Nepal publicly made remarks about sending UCPN Maoist Chairman, Pushpa Kamal Dahal to Ranchi, a place famous for its health facility for the mentally challenged. Stating that Dahal has mental problems, a
Senior Leader of the CPN UML, Nepal made this statement in ... More
KATHMANDU: Recently newspapers flashed a common headline ‘Price of gold reaches 20 month low!’ This analysis garnered attention across the nation. With the consequence of the big tumble in the international markets, the precious metal moved southwards to reach Rs 49,500 per tola, which brought a smile t ... More
SHANGHAI: China’s central bank has been talking tough on currency reform while it has also intensified market intervention, highlighting the fine line it must walk in trying to liberalise the yuan. Critics, including the United States, see the intervention as another sign that Beijing is dragging its feet in ... More
NEW YORK: It may be time for emerging market investors to acknowledge the truth: the problem is not just cyclical, it is structural.
One of the puzzles of recent months is the under performance of emerging markets compared to the rather more sclerotic and central-bank dependent developed world. Thus far this ... More
SINGAPORE: The pursuit of economic development can often be contentious and tricky, ironically more so in the developing world. This is because the number of stakeholders (or those concerned and willing to make some noise anyway) is greater in developing countries.
It is due to a dual effect. On one hand, mi ... More
KATHMANDU: World economic giants have been momentarily printing more currency day-after-day just for the sake of ‘economic recovery’. From the largest economy of the world, the US, single currency bloc, Euro Zone or the land of the rising sun, Japan — all major economies are severely exercising mo ... More
WASHINGTON: Finance leaders of the Group of 20 (G-20) economies on Friday edged away from a long-running drive toward government austerity in rich nations, rejecting idea of setting hard targets for reducing national debt in a sign of worries over sluggish global recovery.
The G-20 club of advanced and emerg ... More
SINGAPORE: It has been less than a month and once again, the inevitable is just around the corner. Over the last few years, it has
almost always been a foregone conclusion that politicians will not be able to deliver what they promise. The fact that common folk such as us can predict government ineptitude with such regularity and precisi ... More
KATHMANDU: A photograph of a senior government attorney recently taken in a courtroom and circulated in the media created serious debate over conflict between judicial decorum and the rights of the people.
This has raised questions about the law that restricts cameras and videotaping in the courtrooms. Though taking a photograph in the co ... More
KATHMANDU: The Bank of Japan (BoJ) came up with one of the most intense monetary stimulus packages in the first week of April, which is capable of injecting USD 1.4 trillion yen over a period of two years.
Just after the introduction of the stimulus package, it had an immediate impact on currency markets as the yen hit fresh lows against ... More
LONDON: British industry bounced back surprisingly strongly in February, pointing to a nascent economic recovery that may, nonetheless, need more help from the central bank to gather pace. A one per cent rise in industrial output from January lifted production in February slightly above its average level in the last quarter of 2012, when the eco ... More
SINGAPORE: The Supreme Court of India passed a landmark judgement on April 1, leaving global pharmaceutical majors in the hope that the court’s decision was a hoax in keeping with the spirit of April Fools’ Day. But it was not to be.
Global drug companies may think the Apex Court’s dec ... More