{Tech Fin}

Thailand’s economic prospects could be put in jeopardy because of a continuing dispute at a huge industrial complex. Recent figures on GDP and exports have been encouraging for the Thai government. But economists and investors are warning that two major factors have the potential to derail Thailand’s nascent recovery. One is political instability. The other [...]

The sales of previously owned house has drastically dropped in February. The US administration had allotted tax credit for first time buyers to act towards the housing foreclosures and dip in sales. Further to decline in previously owned house, the tax credit was extended. But that could not lure the buyers. The [...]

The Greece problem was all set to break the European Union group of countries because the Greece government was not taking adequate corrective measures in spite of pressure from European Union. The cost of borrowing went up for Greece and also for the rest of European countries as the lenders were wary of European collapse.
Realizing [...]

The head of the International Monetary Fund has urged the US to join with other countries to reform banks.
“The question of co-ordinating the financial reform is key, and I’m afraid we’re not going in that direction,” Dominique Strauss-Kahn said.
His comments at the World Economic Forum in Davos come after US President Barack Obama proposed huge [...]

The global stock markets have been reaching new heights in the past few months, thanks to continuous flow of good economic indicators from US, Japan , China and Australia. But in the last few days, there has been indications of a growing global uncertainty, with the Chinese economy putting breaks on the lavish bank loans.
The [...]

Over 80% of the US mortgage loans are provided by Fannie Mae and Freddie Mac, which are in deep trouble since the housing crisis began in early 2008. These two companies have lost over 200 billion dollars in the last two years alone, and since the beginning of 2008 they are running only on the [...]

The United States and China are the largest emitters of the dangerous industrial gas into the atmosphere and these two countries are nowhere near realistic discussion point on the issue. China on it’s part wants to project itself as a sensible global player, and has announced a self imposed emission reduction plan. [...]

South Korean officials have dampened speculation that the country is willing to re-negotiate a free trade agreement with the US. The move comes a day after President Lee Myung-bak indicated he was willing to talk about US concerns at a press conference with President Barack Obama. However, the Foreign Minister Yu Myung-hwan said the Korean [...]

Slovenia has signed a deal with Russia for a massive gas pipeline from Russia to Europe to run through its territory.
The South Stream accord was signed by the Slovenian and Russian cabinet ministers in Moscow.
Russian Prime Minister Vladimir Putin said Moscow now had deals with all the key European partners in the project.
South Stream – [...]

The US trade deficit unexpectedly widened in September by the largest amount in 10 years, figures show.
The trade gap, the difference between US imports and exports, grew 18.2% to $36.5bn (£21.9bn) from August.
Imports rose 5.8%, the biggest jump since 1993 and an indication that consumer spending is recovering.
Separately, US consumer confidence figures unexpectedly fell. The [...]