Afro Asian Business Chronicle

ART : 'Flowers of War' In 100 years of Chinese film, "The Flowers of War" is the first major title to feature a western movie star. It earned a Golden Globe nomination for best foreign language film, and is China's entry for Oscars. Budgeted at $100 million, "Flowers of War" stars Oscar-winner Christian Bale as John Miller, an opportunist mortician on the run in 1937 as ...

AFRICA: Africa should be prepared for Europe fallout Many countries in sub-Saharan African are less prepared to deal with an economic shock now than they were during the 2008 food and fuel crisis and the global financial turmoil that followed, IMF chief Christine Lagarde has said, urging developing nations to build up their economic defences. She said many African countries were able to weather ...

AFRICA: Egypt's PM urges G8 to help unlock promised aid Egypt's Prime Minister appealed to Group of Eight countries to help unlock billions of dollars in aid promised in September but not yet delivered under an initiative to support countries of the Arab spring. Army-backed Prime Minister Kamal al-Ganzouri, who was appointed in November, met ambassadors of G8 countries to tell them Egypt needed financi...

Strengthening Banking Sector Empirical research shows that better developed financial systems accelerate economic growth and shrink income inequality by disproportionately increasing the earnings of lower income families  i.e. enabling growth with equity, which is so vital for our country. A well developed financial system will require sound legislative framework because, leg...

INDIA: India's growth rate slows in 2011 Indian Finance Minister Pranab Mukherjee says the current slowdown in domestic economy is "temporary" and that the economy will soon revert to the path of higher growth trajectory “ The current slowdown in domestic economy as temporary and exuded confidence that the economy will soon revert to the path of higher growth trajectory."- Pranab Mukherj...

INDIA: Japan to complement India’s Growth During his recent whirlwind tour to New Delhi, Japanese Prime Minister Yoshihiko Noda assures continued ODA, signs $15 bn currency swap deal and shows keenness on Civil Nuclear Cooperation with India.  Adopting a common cause approach, Japan and India have agreed to further bolster their economic and strategic engagements with the former assuring ...