G20 leaders have agreed to restructure the world economy by reducing inequality between countries running big deficits and they are surplus. Toward the summit meeting of leaders of the world’s largest economy, large exporters such as Germany and China have agreed to big debtors like the United States about the need for measures to balance [...]
G-20 officially Replace the G-8
The G-20 leaders officially declared the role of G-8 will be replaced by G-20. The decision was considered as a great and historic leap toward the establishment of a new world order, at least economically.
G-20 contributed 90 percent of world gross domestic product, about 60 trillion U.S. dollars. Diplomats said the G-8 still exist, but [...]
Fearing the Fed Pull Stimulus Package, Wall Street Corrected
Wall Street falls after investor concerns that the Fed will pull the stimulus package or injected funds to help the economy.
Currently the Fed continued to hold interest rates scale as expected by the market, but the Fed also will reduce loans to buy housing sector until the end of March 2010.
This is seen as a [...]
Asia dragged Shanghai Stock Correction
As European bourses stong trend continues, some of the major exchanges in Asia have a correction because it dragged quite a decrease in the Shanghai stock exchange today.
Shanghai closed down 54.83 points (1.89%) to the 2842.72 level. And at the opening of trade this morning, Shanghai was still in positive territory.
But entering the afternoon session, [...]
