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MFIs were in a hurry to grow and lend, thanks to their private equity investors. Imagine that your maid borrowed Rs 30,000 from you, promising to repay within a year from her monthly wage of Rs 4,000. Do you think you could cut Rs 2,500 from her monthly wages, every month?
The Euro and the British Pound advanced in overnight trade, adding 0.3 percent each against the US Dollar as the greenback continued to correct lower for a third day after putting in the biggest 5-day rally in over four months last week.
NEW YORK — Imagine that you enter the shower, turn on the water and nothing comes out. You call a plumber who tells you there are holes in the pipes and that repairs will cost you $1,000. You tell him, instead, to turn up the water pressure. Well, this is the logic behind the U.S. Federal Reserve's second round of "quantitative easing" (QE2) — its strategy to keep flooding the money pipes until ...
Kuwait economy to grow 4.5 pct in 2011 on high oil prices
After taking great steps towards repairing its rotten safety record and tackling a terrifying pile of debt, Indonesia's infamous state-owned airline is set to rise again with a $500 million IPO. 7 Jan 2011 10:23 AM
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