The US officials say that a ‘comprehensive’ plan to ease global financial crisis will be soon hammered out.
After meeting members of Congress, US Treasury Secretary Henry Paulson said that legislation was required to rid US banks from their bad assets.
The announcement splashed a new wave of life in many stock markets all around the world [...]

A UN report warns that the poor countries of the world would see the worst impact of worldwide economic slowdown during the next year.
Because of the economic recession worldwide, the expected growth in many developing countries is lower than 1% and the things would be worsen during the next year.
Unctad, UN agency for the developing [...]

Inflation is always meant for general rise in the prices of oil and gasoline. Today, almost every nation caught up in the phase of inflation. The economists have been reviewing their past inquiries, facts and figures regarding inflationary and deflationary gap.
In this process, the analysts said that majority of the countries have caught up with [...]

Isn’t a tragic with human beings facing with inflationary cycle in the world? Today, millions of people are combating with increasing prices of the oil and gasoline. So stunning is the rising inflation that has caused a recession just like 1930s in the U.S.
The oil prices increased at $138.54 per barrel in the United States [...]