Quantitative easing draws to a close, despite a faltering economy

CENTRAL BANKING can be agonising. The effect of monetary policy on the economy is not immediate, so decisions must be based on expectations for two years’ time. That means putting faith in forecasts that could well turn out to be wrong. Some soul-searching might be expected at the monetary-policy meeting of the European Central Bank […]

Manila, Beijing discuss joint S. China Sea projects amid signs of easing tensions

Philippines Foreign Secretary Alan Peter Cayetano visited Beijing on Wednesday for talks on possible joint development projects in the South China Sea. Cayetano was scheduled to meet with his counterpart Wang Yi and with newly-appointed Vice President Wang Qishan, a close ally of President Xi Jinping, amid signs of an easing of tensions in the […]

Sales of Persian rugs in US soar with easing of Iranian sanctions

Nearly $ 69 million worth of Persian rugs were exported to the US during the first 10 months of the current Iranian calendar year that ended on January 19, according to Hamid Kargar, the head of Iran’s National Carpet Center. The year before no rugs were exported, he said as quoted by local media. The […]