Thailand Tourism Devastated by Political Unrest

Thailand excels at throwing out the welcome mat for visitors. In the 50 years since the Tourism Authority of Thailand and Thai Airways were founded, the country has evolved from an obscure, barely visited Southeast Asian backwater to one of the developing world’s most expertly marketed travel destinations.

Share

Bernanke warns on imbalance risks with Asia

Ben Bernanke said on Monday that it was “extraordinarily urgent” that the US and Asia adopt policies that prevent a revival of global economic imbalances as the financial crisis ebbs. The Federal Reserve chairman warned that global imbalances — the big gaps between national saving, consumption and investment rates reflected in large trade deficits and surpluses — had helped cause the crisis and needed to be corrected.

Share

US hardens stance on Chinese currency

The Obama administration said on Thursday that it had “serious concerns” about the value of the renminbi, but stopped short of accusing China of manipulating its currency in a closely watched report to Congress. The Treasury toughened its language on China in its semi-annual report on exchange rate policies

Share