 | Invest more in poor
countries, says WIF
LEADERS and officials
attending the third World
Investment Forum (WIF) on
Saturday called for channeling
more investments to poor
nations and for introducing
regulatory guidelines to help
foster investments.
"The ...
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| | Gas prices start falling in US |  THE worst appears to be
over. Gasoline prices are
going down.
After a four-month surge
pushed gasoline to nearly $4
per gallon in early April,
drivers, politicians and
economists worried that
prices might soar past alltime
highs, denting wallets,
angering voters and dragging
down an economy that
is struggling to grow.
Instead, pump prices have
dropped 6 cents over two
weeks to a national average
on Friday of $3.88. Experts
say gasoline could fall
another nickel or more next
week.
Drivers might also get to
say something they haven´t
since October 2009 —
they´re paying less at the
pump than they did a year
ago.
"It´s nice, much more
manageable," said Mark
... | | | G20 doubles IMF´s war chest
to check spread of meltdown |
 LEADING world economies
on Friday pledged $430 billion
in new funding for the
International Monetary
Fund, more than doubling its
lending power in a bid to protect
the global economy from
the eurozone debt
crisis.
The promised funds from
the Group of 20 advanced and
emerging economies aim to
ensure the IMF can respond
decisively should the debt
problems that have engulfed
three eurozone countries
spread and threaten a fragile
global recovery.
"This is extremely important,
necessary, an expression
of collective resolve," IMF
Managing Director Christine
Lagarde said. "Given the
increase that has just taken
place, we are north of a trillion
dollars actually ... | | | India assures US firms
on new tax regime |
 SEEKING to allay apprehensions
on the proposed retrospective
tax amendment,
Indian Finance Minister
Pranab Mukherjee on
Saturday said India is ready to
address concerns of the
American businesses within
its legal framework.
"Our policies are transparent
... whenever there is any
misapprehension, we are
ready to listen to then and
readjust it when it is necessary.
"Therefore, we are not having
any fixed mind with respect to
a particular issue, but what is
to be done has to be done within
the legal system and legal
framework," he said at a thinktank
here responding to the
concerns of the US industry.
"They (US businesses) have
some ... | |
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