KATHMANDU: All is well that ends well — the popular phrase stands true in the case of the US economy recovery. The chaos witnessed in 2008-09 has finally succumbed to pressures from recovery packages leading to the attainment of the recovery grounds on all aspects. The global economy has heaved a huge sigh of relief as the Federal Open Mar ... More
KATHMANDU: The dairy industry of the country is lagging behind due to government’s lack of initiation to prioritise this sector, stakeholders claim. In the absence of incentives, level playing field, infrastructure and proper facilities, farmers are not drawn to professional dairy farming, thereby creating shortage of milk supply for dairy ... More
WASHINGTON: Greece wou-ld face a disorderly and costly exit from the euro area without financial support from international lenders, the International Monetary Fund (IMF) said on Friday. A day after the IMF approved a 28 billion euro bailout loan for Greece, part of a broader 130 billion euros rescue package by European partners and the European ... More
KATHMANDU: The recent decision by the Dr Baburam Bhattarai-led government to withdraw criminal cases has raised some serious questions — whether the government can withdraw cases lodged by the state under any circumstances or on what ground can it withdraw such cases since it is a matter directly related to the justice system and also the ... More
KATHMANDU: Whatever goes up comes down — the popular cliché holds true in the case of gold’s bearish run last week. This southern rally raises
an important question — has gold’s bullish run come to an end?
Following the Federal Reserve (Fed) Chairman, Ben Bernanke’s proclamation to C ... More
NEW YORK/LONDON: Saudi Arabia is prep-aring to extend this year’s unexpected jump in oil sales to the United States, adding to speculation about the response of the world’s top oil exporter to sanctions against Iran and a rally in prices. The kingdom’s shipments to the US have quietly risen 25 per cent to the highest level sinc ... More
KATHMANDU: The recent rise in the price of crude oil has threatened global economies at the time when the market expects strong economic recovery. In recent weeks, the US has been most promising among many developed economies that fundamental indicators — mainly employment — is heading positively. However, recent tension in the inter ... More
KATHMANDU: With the approval of the draft bill for the Judicial Council (JC) Second Amendment Act ascertaining criteria for appointment of judges in the future, the JC has set down that no one will be selected as a judge if he or she involves in serious questions relating to morality. As per the recent set criteria, a lawyer or judicial of ... More
ATHENS: Greece averted the immediate threat of an uncontrolled default on Friday when a sufficient number of private creditors agreed on a bond swap deal that will cut the country’s public debt and clear the way for a new bailout. With Euro Zone ministers set to approve the 130 billion euro (USD 172 billion) rescue, French President Nicola ... More
KATHMANDU: If the widely accepted economic theory of demand and supply are to be believed, crude oil prices could rise to an all-time high — above USD 150 per barrel — in the year 2012. The theory specifically points to geopolitical tensions in the Middle East, especially Iran as the reasons for the possible surge in oil prices. The ... More
BRUSSELS: European Union leaders argued on over the right balance between budget austerity and reviving lost growth at the first summit for two years in which the Euro Zone debt crisis did not eclipse all else.
After their finance ministers gave provisional approval to a second bailout for Greece, and a flood of cheap European Central Ban ... More
KATHMANDU: After having his sex changed, Pratik Pant — son of noted actor Santosh Pant — raised a question if such a person is eligible to obtain citizenship certificate, marriage certificate, and change a birth certificate with the new sexual identity from the state.
It is noted that the Supreme Court had issued a verdict ... More
NEW YORK: St Louis Federal Reserve Bank President James Bullard said on Friday the US economic
outlook is brighter and household confidence has improved, suggesting he sees no need for further steps to ease financial conditions. “I think the data is coming stronger on the US economy. I think it’s a good time to wait and ... More
KATHMANDU: With the conviction on corruption charges, Minister for Information and Communications JP Gupta lost his ministership and membership to the Constituent Assembly. Immediately after the announcement of the Supreme Court verdict, Gupta surrendered and went to jail. In addition, as per the conviction offence on moral turpitude, Gupta ... More
KATHMANDU: Warren Buffet, one of the most respected and successful investors has made an interesting comment on gold. The main summary of his comment was: “If we valued all the gold in the world it would be valued around USD 9.6 trillion which is equal to one third of the value of all US stocks. Similarly, the value of all farmland in ... More
MEXICO CITY: World economic powers told Europe on Friday it would have to do more to fight its financial crisis before they agree to provide back-up in the form of a bigger IMF war-chest. Finance ministers and central bankers from the Group of 20 top economies (G-20) are gathering in Mexico City with Europe hoping that China, Japan and othe ... More
ATHENS: Greece will secure a new rescue package worth 130 billion euros though policymakers admitted urgent work was still needed to get its debt-cutting programme back on track.
Luxembourg’s Prime Minister Jean-Claude Juncker, who will chair a crunch meeting of Euro Zone finance ministers on Monday, said efforts to slash Greece&rsq ... More
KATHMANDU: The Chinese imports of the yellow metal were doing the rounds not so long ago. Finally, the numbers are in. In December numbers had fallen by 62 per cent to 38,605 kilograms or 1.36 million ounces and January’s number should also be as low due to the early Chinese New Year but could pick up afterwards. However, analysts have war ... More
KATHMANDU: A recent finding about people’s participation in elections shows that millions of Nepali citizens still do not have the opportunity to participate in the election process – showing failure by the state to provide people with this democratic right.
The Carter Centre, which has been working on peace and constitu ... More
LOS ANGELES: China’s leader-in-waiting Xi Jinping swiped away fears that his country’s economic growth could stumble, and turned to courting American companies, film-makers and governors hungry for a slice of that growth on the final day of his US visit.
At the end of Vice President Xi’s five-day trip, his US counte ... More
Recently, there was news regarding the payment of Iranian crude oil bill by India in gold and rupees. At the same time, China is also mulling over using Chinese Yuan instead of the dollar for the payment. While there is a unilateral embargo on Iran led by global economic powerhouses like USA and Europe, there are countries like India and China w ... More
As most constitutional bodies have been running without their respective office bearers, the country’s good governance has been badly affected. The Commission for the Investigation of Abuse of Authority (CIAA), the Auditor General, the Public Service Commission and the Election Commission have been operating sans their captains, yet the go ... More
New York: The S&P 500 posted its biggest daily percentage decline thus far in 2012 on Friday after an about-face on Greece’s long-awaited debt deal ended a five-week streak of gains for equities. All but one of the 30 Dow components ended lower while all 10 S&P sectors fell, with cyclical sectors such as energy, financials and mate ... More
KATHMANDU: Havoc was created by the government when it irrationally classified information and now severe debate about the motive of the government has surfaced. Does the government want to suppress the freedom of speech and the press by preventing free flow of information? The Baburam Bhattarai-led government may not have directed t ... More
KATHMANDU: Emerging markets have performed over-par in the last seven years. They have out-performed advanced industrialised countries in terms of economic growth amongst others. In recent times, many countries have received better assessment by rating agencies than some of their more affluent counterparts. But the bright outlook for these natio ... More