SINGAPORE (Reuters): Asia’s economic growth looks set to stumble over the next few months, prompting a flurry of interest rate cuts and a spike in stimulus spending that may ultimately pave the way for a strong recovery in the second half of 2012. “The catch-phrase for 2012 is the Asia yo-yo,” said Rob Subbaraman, chief ...

What do nation states do when their politicians ruin their economies by serial lying to the voters, running up huge domestic and international financial deficits, uncontrolled corruption, cannot keep interest rates at reasonable rates, cannot control inflation nor hold the exchange rate steady and run the country on an unsustainable basis, depending on what has ...

Four of Gov. Nikki Haley’s staff members will testify about a state agency’s controversial decision to allow a Georgia port to expand after a state Senate panel took the unprecedented step Friday of subpoenaing them.“Yes, we will testify,” Rob Godfrey, Haley’s spokesman, said Friday. “And these senators will confirm, again, what they already know to be tru...

WASHINGTON (Reuters): The Obama administration has proposed doubling auto fuel efficiency to 54.5 miles per gallon by 2025, a White House energy priority that has come under scrutiny in Congress. The plan grew out of an uneasy agreement between the administration, automakers and environmental groups to reduce U.S. dependence on oil imports and cut tailpipe ...

WASHINGTON (Reuters): President Barack Obama will press European Union officials on Monday to reach a definitive solution to their sovereign debt crisis which is emerging as a major 2012 U.S. election worry. As Germany and France scramble to tighten budget controls across the euro zone, European Council President Herman Van Rompuy and European Commission President ...

By Cheranka Mendis To facilitate the growing need for professional human resources in the developing local business market, BRC (Bill Roy Consulting) Partnership, a consultancy based in Carrickfergus, Northern Ireland set up shop in Sri Lanka with the launch of BRC Lanka – a leadership and management development company. Officially launched yesterday, BRC has partnered ...

ANN ARBOR, Mich (Reuters): At the Chevrolet dealership here, customers want to see and touch the Volt, the gasoline-electric hybrid hailed by enthusiasts as the kind of innovation that could secure the future of General Motors. But they usually kick the Volt’s tires and move on, often to a Cruze. The compact Chevy gets up ...

BANGKOK (AFP): Thailand’s worst floods in decades have jolted a global supply chain already straining under the impact of Japan’s tsunami, as deluged factories threaten some of the kingdom’s key export industries. The floods have killed about 300 people, damaged one-tenth of Thailand’s rice paddy and made major roads north of Bangkok impassable. Toyota, Ford, ...

Steve Jobs, who died on Wednesday, was a singular figure in American business history. He will go in the pantheon of great American entrepreneurs, inventors, and innovators, alongside John D. Rockefeller, Henry Ford, and Sam Walton. Jobs didn’t invent computer technology, or the cell phone, or the notion of digitising music. But he invented methods, ...

Reuters: Switzerland, despite bank settlements with the United States to disclose tax evaders, remains the top refuge for financial secrecy, according to a new international ranking of tax haven countries. Switzerland is the world leader in financial opacity, only grudgingly conforming with disclosure agreements among developed countries while courting tax evaders in developing nations, said ...

Reuters: Tata Motors said late on Friday its group Chief Executive Officer Carl-Peter Forster has resigned with immediate effect, only 18 months after joining the company. Tata, India’s leading maker of trucks and buses and owner of the luxury Jaguar and Land Rover brands, said Forster resigned due to “unavoidable personal circumstances,” but will remain ...

President Mahinda Rajapaksa will inaugurate tomorrow the three-day Rotary South Asia Conference for Development and Cooperation hosted by Sri Lanka. The President will address the ceremonial inauguration on Sunday at 9 a.m. at Galadari Hotel whilst the conference will be held at Cinnamon Grand. Around 300 delegates and speakers of repute from the corporate and ...

DETROIT (Reuters): Toyota Motor Co showed off its all-new Camry on Tuesday, aiming to recover lost sales momentum with price cuts and a high-powered ad campaign for its flagship sedan that remains America’s best-selling car. Sales of the Camry are down 8 percent this year but it is still No. 1 in the United States ...

Exponential 575% rise in comparison to FY2010’s figure of Rs. 155 m; Posts Rs. 829 m net profit attributable to equity holders; Turnover more than doubles to Rs. 10.6 b FY2012 1Q revenue up 162% to Rs. 4.4 b; after tax profit up 257% to Rs. 368 m Assets worth Rs. 34.3 b, up from ...

Reuters: Emerging markets will not save the world if the West slides back into recession. In an interconnected global economy, decoupling is a beguiling myth. As fears mount that the developed world is shifting from slow growth to no growth, emerging markets seem to many economists better placed

LOS ANGELES (Reuters): A popular boy wizard, comic-book heroes and some foul-mouthed women are leading Hollywood toward a record-breaking summer despite the sour economy and high unemployment resulting in tightened consumer spending. Underscoring the notion that movies are recession-proof, U.S

By an Independent Analyst The State Assembly of Tamil Nadu (TN) passed a resolution on 8 June 2011, requesting the Indian Central Government to push the international community against Sri Lanka towards imposition of ‘economic sanctions’.  The resolution at the TN assembly moved by Jayalalitha as the Chief Minister passed unanimously with the ruling party ...

Roads Bring Development Roads, bring forth with it development, Sujeewa Mudalige, senior partner PriceWaterhouseCoopers Sri Lanka, an audit firm, told this reporter. Mudalige, who holds other key appointments such as being the President of the Institute of Chartered Accountants of Sri Lanka, said that he has impressed upon Central Bank of Sri Lanka Governor Ajith ...

by Ranil Wickremesinghe By the 4th century BC, Asia had begun its first cycle of economic growth and power. This was the reason why Alexander the Great decided to travel eastward to establish an empire. At that time there was...

by M.S.Shah Jahan “The Saudi sponsor, who is over 60, suffers from heart conditions. The sponsor’s doctors have advised him to do only 25 percent of his normal work because of his weak heart....

The three Democrats vying to become governor of South Carolina are meeting on the state's coast to debate how best to help the state's economy.State Superintendent of Education Jim Rex and state Sens. Robert Ford and Vincent Sheheen meet Thursday evening in a debate at Coastal Carolina University in Conway.The Republican candidates were in Florence earlier this week to discuss the same issue.The d...

Former Gov. Jim Hodges has endorsed the campaign of Democratic gubernatorial hopeful Vincent Sheheen.Hodges, who served one term from 1999 to 2003, said Sheheen had the right approach to building the economy and business climate for small businesses and improving education. Hodges was a lawmaker