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CESAR PURISIMA
- Asia still not on autopilot, needs to be steered: FM
Policymakers have the responsibility of making Asian century a reality, says Pranab Mukherjee.
- Recession 2011: S&P blames political gridlock in US for crisis
China, largest foreign holder of US govt debt, made clear US only had itself to blame and called for a new stable global reserve currency.
- Asia must avoid 'distortions' in handling hot money: ADB
Developing Asian nations must carefully manage a massive inflow of foreign capital and avoid remedies that could create destabilising "dist...