2019-10-17 19:30:17| Guardian Unlimited Business - more business news
At 75, the Bretton Woods institutions face an identity crisis. Its time for them to chart a fresh courseThe International Monetary Fund and the World Bank have their 75th birthday this year, but the organisations that emerged from the Bretton Woods conference in 1944 are in no real mood to celebrate at their annual meetings this week. In Washington the mood is decidedly downbeat. Global growth is slowing; the conviction that low interest rates are here to stay is encouraging reckless behaviour and a dangerous build-up of debt; the climate-change clock is ticking louder. The threat of a new financial crisis is growing. The prospect of it being triggered by a climate emergency is real.Yet the problems of the two Bretton Woods institutions run deeper than that. They are bodies created to foster international cooperation at a time when international cooperation is marked by its absence. Born out of the economic chaos of the 1930s, the IMF and the World Bank had a well-defined mission three quarters of a century ago: to rebuild war-shattered economies; to provide support to countries that ran into balance-of-payments difficulties; to limit currency turbulence; and to encourage the opening up of markets. Continue reading...
2019-10-17 14:13:51| Mondaq.Com
On August 14, 2019, Sun Pharma and its subsidiaries announced that the company has entered into global licensing agreement with the CSIR Indian Institute of Chemical Technology
2019-10-17 07:54:16| Mondaq.Com
TMF Group in partnership with Global Fund Media examines the global fundraising trends and challenges faced by international Private Equity and Real Estate investors.
2019-10-16 20:56:28| Business - International Herald Tribune
A trade truce with China has done little to reduce the uncertainty that threatens the global economy
2019-10-16 15:48:36| BBC News | Business | World Edition
In its latest economic assessments, the IMF says risks to global financial stability remain high.