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Up the Creek With a Paddle (07 November 12:41) |
| Is the global economy beginning to emerge from the depths of recession? There has been good news from several major economies over the last week, creating hope that all the stimulus measures... |
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Wall Street shakes off weak jobs data ends week with slender gains (07 November 05:59) |
| Wall Street stocks wobbled before ending with slender gains on Friday as investors shrugged off disappointing US data showing unemployment above 10%, to end a strong week on an upbeat note. |
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US unemployment rate hits 102 (06 November 08:53) |
| The US unemployment rate unexpectedly jumped to 10.2 percent in October, breaching the politically sensitive double-digit barrier for the first time in 26-1/2 years, even though the pace of ... |
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Four Indians among 20 charged in largest hedge fund scam (06 November 04:54) |
| The FBI has charged further 14 people, including two Indians and Wall Street professionals, in a widening USD 53 million insider trading scam, the largest ever such case in the United States... |
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Mittals daughter-in-law to buy fashion house Escada (06 November 04:15) |
| Megha Mittal, daughter-in-law of India-born billionaire Lakshmi Mittal, will buy insolvent Escada, an iconic European luxury fashion house, for an undisclosed amount. |
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14 charged in Wall Street insider-trading probe
(06 November 09:46) |
| The FBI has charged 14 people, out of which five have already pleaded guilty, in a case related to the $20 million hedge fund insider-trading scam, the largest ever such case in the US. |
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US imposes heavy import penalties on Chinese tubular goods
(06 November 09:39) |
| The US commerce department announced on Thursday it has imposed anti-dumping tariffs of up to 99% on imports of Chinese tubular goods. |
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US stocks surge on jobs data upbeat forecast from Cisco (06 November 03:21) |
| A drop in unemployment claims and an upbeat forecast from Cisco Systems Inc. gave investors a jolt of confidence a day before a key government report on jobs. |
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Intel dragged to court for abusing monopoly power (06 November 12:39) |
| Dubious payments to PC makers, along with other aggressive business tactics, are at the heart of the antirust lawsuit filed against Intel on Wednesday by New York's attorney general. |
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Unilever profit dips 36 in Q3 (06 November 12:38) |
| Unilever saw net profit fall 36% for the third quarter, mostly because earnings in the same period a year ago benefited from the sale of operations. |
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Oil dips under $80 after rising on US crude build (05 November 09:40) |
| Oil fell below $80 a barrel on Thursday, after a steep decline in US crude inventories sent prices up 1% the previous day, as traders look to the fall in equities markets to take profits des... |
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General Motors says it plans to cut 10000 jobs at Opel (05 November 04:31) |
| General Motors plans to cut around 10,000 jobs at its European division Opel, GM vice president John Smith said on Wednesday after the US auto giant announced that it would retain control of... |
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China to grow 84 this year World Bank (05 November 01:41) |
| China's giant economy is now expected to grow 8.4% this year, according to the World Bank's latest projection, rather than by the 7.2% it had forecast in June. |
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GM decides not to sell its global brand Opel (05 November 01:39) |
| Feeling jilted after six months of negotiations, German officials reacted angrily on Wednesday to General Motors' decision to keep its European business, Opel, rather than sell a majority st... |
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Wall St jumps on strong data ahead of Fed statement
(04 November 09:07) |
| US stocks rose broadly on Wednesday on positive economic data and ahead of a Federal Reserve statement on interest rates and the economy that is expected to keep government support in place. |
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US private job loss slows growth seen in 2010 (04 November 08:09) |
| US companies reduced jobs in October at the slowest pace in more than a year, suggesting some stabilization in the labor market as the economy emerges from recession, a report on on Wednesda... |
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Oil slides in Asian trade ahead of US energy report
(04 November 09:31) |
| Oil fell in Asian trade on Wednesday after overnight gains in commodities buoyed by gold's record breaking price surge, analysts said, as investors turned their focus on to a key US inventor... |
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General Motors opts to keep Opel scraps sale to Magna (04 November 06:54) |
| The board of General Motors Co has opted to keep Opel, undoing months of painstaking negotiations to sell the European unit to a Russian-backed group led by Canada's Magna. |
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EU set to exit recession this year (04 November 01:56) |
| The European Union on Tuesday said the region's economy will climb out of recession this year, on the back of improving financial conditions, even as the outlook for future growth remains un... |
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Ford US auto sales rise 3 in October (03 November 11:09) |
| Ford Motor Co.'s says its U.S. sales rose 3 percent in October, a positive sign for automakers who are hoping an improving economy brings buyers back to the showroom.
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HSBC bank to cut 1700 jobs in Britain
(03 November 09:20) |
| Global banking giant HSBC is to cut more than 1,700 jobs across its retail banking division in Britain, a spokesman said on Tuesday. |
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US stocks dip on jitters over recovery prospects
(03 November 08:28) |
| US stocks dipped Tuesday as sentiment wobbled amid doubts about the prospects of a global recovery from recession and ahead of a Federal Reserve interest rate decision.
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Oil above $78 eyes US crude stocks (03 November 09:34) |
| Oil edged further above $78 a barrel on Tuesday, after rising more than 1.5% a day ago, as traders weighed the impact of a possible rise in US crude stocks against positive manufacturing and... |
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Gold returns to near record high as dollar drops (03 November 09:28) |
| Gold rose towards last month's record on Tuesday as the dollar slipped ahead of a US interest rate decision, and on news the IMF had completed half of a planned gold sale. |
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IMF sells 200 tonnes of gold to India worth $67 billion (03 November 07:07) |
| The International Monetary Fund announced on Monday the sale of 200 tonnes of gold worth 6.7 billion dollars to India's central bank to shore up IMF finances.
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New smartphone in the works (18 August 01:15) |
| Dell has teamed up with China's largest mobile operator to develop a smartphone, a spokeswoman for China Mobile said Tuesday, in a deal that would mark the US computer giant's debut in the m... |
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Oil lingers around 67 dollars in Asia (18 August 12:43) |
| Oil traded at around 67 dollars in Asia on Tuesday on lingering investor concern over the global economic outlook despite signs of a recovery
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130 million creditdebit cards stolen in US (18 August 11:03) |
| 3 men were indicted for allegedly stealing more than 130m credit and debit card numbers in what US authorities said they believe is the largest hacking & identity theft case ever prosecuted.... |
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Readers Digest to file for bankruptcy (17 August 10:20) |
| The publisher of Reader's Digest, the country's most popular general interest magazine, said Monday it will seek bankruptcy protection from creditors amid declining circulation, an industryw... |
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US stocks Global recovery concerns sink Wall Street (17 August 08:03) |
| US stocks fell broadly on Monday as ongoing concerns about the speed of a global economic recovery were compounded by data from Japan, which showed that while the world's No.2 economy return... |
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Oil falls below $66 on worries of slow recovery (17 August 04:02) |
| Oil prices fell below $66 a barrel Monday as investors worried that crude demand will recover only slowly in the US and brushed off upbeat economic growth data from Japan.
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Japan PM says stimulus steps helped end recession (17 August 10:58) |
| Japan's embattled Prime Minister Taro Aso, who faces elections this month, said on Monday his policies helped the country out of recession after fresh data showed the first economic growth i... |
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Oil prices slide further in Asian trade (17 August 09:12) |
| Crude prices slid further in Asian trade today as markets reacted to falling consumer confidence in the United States, analysts said. |
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Japans 2Q GDP rises 37 (17 August 06:41) |
| Japan's economy has grown for the first time in more than a year, climbing out of its worst recession in decades thanks to rebounding exports and government stimulus measures. |
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US bankruptcies soar to 13m in just 12 months (16 August 11:53) |
| The number of bankruptcies in the US skyrocketed to 1.31 million for the year ended June 2009, with over 85% of the filing taking place since September last year. |
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NASDAQ marks Indias Independence Day (15 August 08:59) |
| India's Consul General in New York presided over NASDAQ's closing bell ceremony as the stock exchange's electronic board displayed the Indian tricolour at Times Square, to mark India's 63rd ... |
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Court bars MS from selling Word in US (15 August 12:30) |
| An American court has asked Microsoft to pay damages worth $290 million to Canadian entity i4i for patent infringement related to Microsoft Word and has restrained the software giant from se... |
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Former Samsung chief found guilty over bond deal (14 August 12:23) |
| A Seoul court on Friday found Samsung Group's former chairman Lee Kun Hee guilty of breach of trust over a bond deal and sentenced him to a suspended three-year prison term and a fine of 110... |
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India to get $478 bn to battle recession (14 August 10:12) |
| India will get the equivalent of about $4.78 billion as its share of International Monetary Fund's (IMF) Special Drawing Rights (SDR) worth $250 billion to provide liquidity to the recession... |
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Boeing pays $25 million to settle US probe (14 August 07:10) |
| Boeing Co agreed to pay the US government USD 25 million to settle claims the company did defective work on critical military refueling planes in Iraq and Afghanistan.
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US stocks up extend Fed Reserve-fueled rally (14 August 02:12) |
| Wall Street extended its gains Thursday, as news of surprising economic growth in Europe offset weak US data a day after a rally fueled by upbeat Federal Reserve comments on recovery from re... |
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Six of worlds top 10 economies out of recession (14 August 01:35) |
| China and India are already growing at healthy rates, although lower than their own pace for the last few years. Japan has climbed out of recession, so has Germany. |
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Crude jumps to $74 on global eco recovery (14 August 12:55) |
| Oil prices rallied on Thursday on increased signs of economic recovery in US and Europe which could eventually boost weak energy demand, analysts said. |
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Volkswagen Porsche seal merger deal Companies (14 August 12:50) |
| The supervisory boards of Europe's biggest auto giant Volkswagen and luxury car maker Porsche said on Thursday they had approved a plan to merge their two companies by 2011. |
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Volt from the blue Car with 100kmpl mileage (13 August 03:55) |
| General Motors has electrified the auto world by claiming its upcoming Chevy Volt will give up to 230 miles per gallon (close to 100 km per litre) in city driving. |
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US stocks jump as Fed raises view of US economy (13 August 02:08) |
| US stocks bounded higher Wednesday after the central bank said the economy appears to be ``leveling out'' rather than simply shrinking at a slower rate. |
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US stocks Wall Street up after selloff investors eye Fed (12 August 08:35) |
| US stocks rose on Wednesday after a selloff in the previous session, with technology shares gaining, as homebuilder stocks rallied after a positive earnings report from Toll Brothers Inc.
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European stocks rise before US Fed rate call (12 August 04:59) |
| Europe's main stock markets edged upwards on Wednesday as dealers paused after recent sharp losses and awaited the outcome of the US Federal Reserve's crucial monetary policy meeting.
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US stocks fall as traders await Feds take on economy (12 August 01:54) |
| US stocks have closed sharply lower Tuesday as Fed policymakers began a two-day meeting that could provide new insight into how the economy is faring. |
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Now American graduates finding jobs in China (12 August 01:14) |
| Shanghai and Beijing are becoming new lands of opportunity for recent American college graduates who face unemployment nearing double digits at home. |
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