Economy in recovery? Not so fast
Employers are hiring, manufacturing is revving up and stocks are rallying. It looks like the recovery could finally be taking hold. Sound familiar? The recent momentum of the American recovery feels a lot like early 2011, when many of the same green shoots were driving optimism. But things went awry last spring when oil prices starting rising and Japan’s More...
Chris Christie to Warren Buffett: Just ‘shut up’
Outspoken New Jersey Gov. Chris Christie had some rather harsh words for billionaire investor Warren Buffett on Tuesday. During a discussion with CNN’s Piers Morgan about tax rates, Christie made it known More...
Economic slowdown likely to be temporary: Pranab
India’s economic slowdown is likely to be temporary, Finance Minister Pranab Mukherjee said on Tuesday. The Indian economy has lost momentum as euro zone debt woes, coupled with high interest rates and policy More...
First all India retail inflation data Tuesday
New Delhi: Starting Tuesday the government will release the nation-wide Consumer Price Index (CPI) on a monthly basis for better reflection of retail price movement and to help the Reserve Bank take effective monetary More...
Govt committed to double spending on R&D by end of 12th Plan
New Delhi: Prime Minister Manmohan Singh Monday said the government is committed to doubling the overall spending on research and development (R&D) to at least 2 percent of the GDP by end of the 12th Five-Year More...
Europe stock rally faces a perilous road
European stocks have rallied this year on hopes that a full-blown contagion can be avoided, but the outlook remains fraught with risks, not the least of which is what might happen with Greece. The Euronext 100 (N100), More...
Indian exposure to US debt down by $6.3 bn in 2011
New Delhi: India lowered its exposure to the US government’s debt by USD 6.3 billion (over Rs 30,000 crore) in 2011, even as a few countries like Japan, France, Brazil and the UK enhanced their holding of More...
Industrial production to grow by 7.4% in FY 13: CMIE
Mumbai: The country’s industrial production is expected to grow by 7.4 percent in FY 13 as against the forecast of 5.1 percent for FY 12, Centre for Monitoring Indian Economy (CMIE) said in its monthly review. Industrial More...
In bad times, alternative cash rises
Ten years after the Spanish currency, the peseta, was phased out, a rural town in Spain has revolted. Against the backdrop of the ailing euro, about 30 shops in Villamayor de Santiago last month began accepting More...
Sensex up 225 points, Nifty nears 5,600
India’s benchmark indices traded with over 1% gains Friday on the back of strong global cues. The Sensex traded nearly 225 points higher at 18,378 while the broader Nifty index advanced nearly 70 points at More...
