The foreign ministers of India and China discussed its disputes over the South China Sea on the sidelines of the Russia - India -China trilateral conference in Moscow on Friday. India’s External Affairs Minister S.M.
Eurozone finance ministers agreed at a meeting in Copenhagen on Friday to increase the bailout lending limit to 700 billion euros ($930 billion), a move aimed at reassuring financial markets wary of a Eurozone default and dampening the crippling debt crisis of the past few years. It was decided to temporarily lift the combined ceiling of the two rescue funds, the European Stability Mechanism (ESM) and European Financial Stability Facility (EFSF) from the current level of 500 billion euros ($670 billion)
Tom Sowanick is Co-President and Chief Investment Officer at Omnivest Group in Princeton, N.J. Federal Reserve Chairman Ben Bernanke , in his speech to the National Association for Business Economics, was skeptical that the improvement in the labor market was sustainable. He started the speech by stating that the “better job numbers seem somewhat out of synch with the overall pace of economic expansion”.
The BRICS nations -- Brazil, Russia, India, China and South Africa - met for a summit in New Delhi, where, among other subjects, they discussed the possible formation of a joint development bank, closer integration of their respective stock exchanges, energy security and ongoing tensions in the Middle East.
Producers of the public-radio program "This American Life" retracted an episode of one of its broadcasts that had been critical of Apple Inc.'s manufacturing practices in China, saying that it contained "significant fabrications."