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IMF warns world economy risks chronic new phase of financial crisis

imf-2The International Monetary Fund has warned that new risks to global financial stability are already emerging before the problems left by the deepest slump since the 1930s have been sorted out.

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Finance minister says budget cuts could harm Guyana’s development

guyana2The Guyana government says the decision by the Speaker of the National Assembly to allow cuts to the budget estimates leaves it in a precarious position and could affect the country’s future development.

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Boston braces for economic impact from bomb blasts

la-voile-rest.jpg3At La Voile restaurant on Boston’s upscale Newbury Street, where the filet de boeuf goes for $47, dinner traffic has fallen off sharply since a pair of deadly bomb blasts two blocks away left the city badly shaken.

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Gold price declines to two-year low


Gold2Gold has fallen to its lowest level in two years, while wider commodity prices have also declined following disappointing Chinese economic data.

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China economic growth lower than forecast


China2China's economy, the world's second-largest, has slowed and performed worse than many analysts expected in the first three months of the year.

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