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China’s economy shows stability in Q4

China’s economy showed mild signs of stabilisation in the fourth quarter but corporates remained cautious on investment, a business survey found, highlighting stubborn resistance to efforts from Beijing to reinvigorate growth. “While the rebound is certainly not an impressive one, sales, profits, and employment have all improved a bit during [...]

Ackman says Pershing built Fannie-Freddie bet

NEW YORK: Bill Ackman, founder of Pershing Square Capital Management, said he’s added “meaningfully” to his bets on U.S. mortgage companies Fannie Mae and Freddie Mac in the past two weeks. His New York-based hedge fund firm is wagering that Congress or the courts will restore value to Fannie Mae [...]

Moody’s cuts Belgium ratings by 2 notches

NEW YORK: Moody’s cut Belgium’s credit rating by two notches, saying the euro zone debt crisis increases funding risks for countries with high public debt burdens. Concerns about Belgium’s economic growth prospects and its banking system, particularly with contingent liabilities stemming from the Dexia group bailout, also contributed to the [...]

ICCI for focusing on SMEs development to improve economy

SMEs are playing critical role in the economic development and poverty reduction in Pakistan and government should offer good incentives for encouraging SMEs to grow smoothly which would enable such businesses to achieve better results and contribute more effectively in strengthening the economy, said Muzzamil Hussain Sabri, President, Islamabad Chamber [...]

Seventy years of International Monetary Fund

THERE is very little analysis by the International Monetary Fund on impact of capital flows on the real exchange rate and external imbalances. The institutional view of the International Monetary Fund (IMF) on capital account was last articulated in November 2012: The Liberalization and Management of Capital Flows. The view [...]

Job not done

Afair, responsive, and comprehensive labour and employment policy is vital not just for improving productivity and competitiveness, but also for sustainable and inclusive development. Unfortunately in Pakistan, the job market is chaotic and directionless. The government’s lack of intent and capability is aggravating the situation. After the 18th amendment in [...]

Waqar wants Pakistan to win NZ series

Pakistan coach Waqar Younis feels a win in the fifth and final one-dayer against New Zealand in Abu Dhabi on Friday will give his team a boost for next year’s World Cup. New Zealand levelled the five-match series 2-2 with a narrow seven-run win in Abu Dhabi on Wednesday, setting [...]

Mainz hoping to catch Bayern in festive spirits

Mainz 05 are hoping to find runaway leaders Bayern Munich distracted by the winter break on Friday with Pep Guardiola s side hunting more Bundesliga records in their final match of 2014. “An hour after the game, they ll be on holiday,” joked Mainz manager Christian Heidel, “so maybe they [...]