Riga - The Latvian government outlined a bleak scenario Tuesday of spending cuts even more stringent than those already announced as the embattled Baltic state struggles to meet economic criteria laid down by the International Monetary Fund (IMF).
Speaking after a lengthy extraordinary meeting of the cabinet, Finance Minister Einars Repse said the situation "forces us to look into expenses we promised to leave untouched earlier."
Those expenses are likely to include politically sensitive items such as pensions and healthcare, which had been partially shielded during earlier rounds of cutbacks.
Washington - Latin America will follow the rest of the world into recession this year, despite governments' best efforts to insulate the region from the worst effects of a devastating global financial crisis, the International Monetary Fund said Wednesday.
Washington - The World Bank will be prodding finance ministers this week to help poor countries that have been left out of global efforts to combat the financial crisis, the development bank's chief said Tuesday.
Nifty showed increased volatility around 3430 -3450 which happens to be the 200 DMA of the market and closed below this at 3384. Increasing volatility at this level is obvious as Nifty has rallied almost 1000 points from 2540 to 3510.
Asian stocks declined, dragging the regional benchmark index from a three?
Dhaka - Bangladesh on Sunday announced an economic stimulus package worth over 500 million US dollars to offset the fallout of global economic meltdown, officials said.
