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Currency 'Race to the Bottom' Could Start a Trade War
26/10/2010
Amid the recent rout of the US dollar, fears of an all-out trade war have been stoked globally. The G20 finance heads are now struggling to find common ground on current account imbalances that will avert the inevitable. The point should not be lost on anyone that none of these leaders is really concerned about why these imbalances exist, but rather they're only focusing on avoiding the negative consequences of poor fiscal behavior stacked up over the past several decades. It is for these reasons that any accords that are reached now will fail. The same forces that created the current dissatisfaction will create future dissatisfaction. As in many other arenas today, we appear content to kick the can down the road and try to keep the game going another month or year. This week we’ll take a look at the current account and some of the factors driving these imbalances.
Russia extends grain export embargo
25/10/2010
India, Bangladesh to foster border trade
25/10/2010
New Delhi: India and Bangladesh today inched towards implementation of the Joint Communique signed by them in early January this year by signing a MoU on establishment of border haats and two agreements on procedures to facilitate movement of trucks between the two countries and also for movement of trucks from Nepal to Bangladesh both up to land customs stations.
