IMF favours new Bretton Woods Pact for financial stability

IMF has sough the support of the G-20 for a new Breton Woods Agreements, a reformed global financial architecture, to deal with the current financial turmoil and prevent its occurrence in the future.
For a primer on Bretton Woods read this wiki article.

For the new Bretton Woods read this article.

Why US recession is good for entrepreneurs?

The recession in the US economy would offer great opportunities for entrepreneurs, says Krishna Tanuku, executive director at the Wadhawani Centre for Entrepreneurship Development, Indian School of Business.

The Article.

US meltdown affects Indian IT and BPO: Govt

The Article.

Charting a different course

The future of global finance depends on what kind of rethinking takes place in the emerging world. Will emerging economies change the shape of global finance?

A nice article on lessons, that emerging economies could learn from the global financial crisis, and some possible strategies for the future.

The Article.

Once bitten, twice shy

Private-equity firms are sitting on about $450 billion of “dry powder”—funds raised but not yet spent. And sovereign-wealth funds have assets of $2 trillion to 3 trillion, much of which is sitting idly in American Treasury bonds. Meanwhile, the IMF thinks American and European banks need $675 billion of new capital. Will the required fund flow take place?

Find out in this article.