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THE protracted financial and economic crisis discredited first the American model of capitalism, and then the European version. Now it looks as if the Asian approach may take some knocks, too. Coming after the failure of state socialism, does this mean that there is no correct way of organising an economy?
BEIJING: In 1981, five years after his death, China's ruling Communist Party began to move slowly away from Mao Zedong and his philosophy.
CARACAS (Reuters) - Venezuela has called a presidential election for April 14 that will likely pit Hugo Chavez's protأ©gأ©, acting President Nicolas Maduro, against centrist opposition leader Henrique Capriles.
CARACAS: President Nicolas Maduro replaced Venezuelan Finance Minister Jorge Giordani on Sunday, appointing central bank chief Nelson Merentes in his place two days after being sworn in as the late Hugo Chavez's successor.
BEIJING: The following are comments from the policy reports delivered by Chinese Premier Li Keqiang, the finance ministry and the National Development and Reform Commission (NDRC), the country's top economic planner, at the country's annual parliament session.