Bambang Brodjonegoro, finance minister of Indonesia, says the roles of the Asian Development Bank and China-led Asian Infrastructure Investment Bank are complementary.» Read More
America has "lost its leverage" in the world because of its dependence on the Middle East and China, said Thomas Friedman, foreign affairs columnist at The New York Times.
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U.S. equipment maker Caterpillar is planning an aggressive expansion of its manufacturing and product support operations in India, says group president, Rich Lavin, in response to the South Asian nation's rapid infrastructure development.
U.S. companies with businesses in emerging markets like China and Brazil will likely do well in the upcoming earnings season, says Scott Macdonald, head of credit and economics Research at Aladdin Capital Holdings.
After Hurricane Katrina, as the city lost billions of dollars in tourism business, the New Orleans Convention and Visitors Bureau embarked on a mission to overcome unprecedented brand impairment. Today, the tourism industry stands taller, stronger than before.
The Katrina anniversary is all about contrasts. More than one resident has called it a tale of two cities and, as cliched as that phrase may be, it certainly applies here. Unemployment is below the national average, but poverty is twice the national rate.
To really know if we have succeeded, to really know if we have created a New Orleans region better than before, we have to go out ten years. Here we will find the “new normal” that will come to pass after the Katrina money has run dry, and the economy is left to stand on its own.
It's a tall order to transform New Orleans by 2030, but that's the aim of the city's new master plan—five years after Hurricane Katrina hobbled this historic place and the surrounding Gulf coast region.
Stocks kicked off August with a rally after another round of encouraging earnings reports and a better-than-expected reading on manufacturing. Brian Gendreau, market strategist at Financial Network, and Larry Rosenthal, president of Financial Planning Services, discussed their insights.
Unemployment benefits should be extended for humanitarian reasons, billionaire businessman Mort Zuckerman told CNBC Monday.
The Lone Star State edged out last year's winner, Virginia, for the top spot, managing a score of 1508, out of a possible 2439.
Get Cramer's favorite trades in banking, infrastructure and wireless communication on the Subcontinent.
The Chinese economy's surprisingly strong 11.9 percent growth reinforces the belief that tighter monetary policy is on its way for the world’s most populous nation. But inflation eased a little bit so tightening may be a way off.
What many Westerners may know about the Middle East falls far short of what the vast region has to offer investors.
While America took a big hit during the financial crisis, many Middle Eastern economies grew. Click to see where these countries rank globally and regionally.
A faulty elevator was behind the shutdown of the observation deck on the world's tallest tower that effectively closed the half-mile-high Burj Khalifa to the public, witnesses and a Dubai rescue official said Tuesday.
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The fact that Dubai has been struggling under huge debts is not a surprise to anyone who has followed the Emirate’s economy over the last 10 years.
When oil and gas companies are looking to expand – such as now – this firm makes it happen.