The Americas Economy
- Fed Ready To Do More To Increase Job Growth: Bernanke
July 17 2012 10:52 AM
The head of the world's most powerful central bank said it stands ready to offer additional monetary support to a U.S. economy that has slowed significantly in recent months, U.S. Federal Reserve Chairman Ben Bernanke told lawmakers on Tuesday.
Pimco's Bill Gross Says US Is Nearing A Recession
July 17 2012 9:02 AM
Bill Gross, who heads the world's largest bond fund, Pimco, said the United States is approaching a recession, according to a published report Tuesday.
- Former Morgan Stanley Strategist Barton Biggs Dies At 79
July 16 2012 9:18 AM
Former Morgan Stanley global market strategist Barton Biggs died on Sunday, according to an internal firm memo, The Wall Street Journal reported Monday.
Brazil Shows How Too Much Consumer Debt Can Threaten An Economy
July 14 2012 1:38 PM
Brazil has risen to number six among the world's economies. As it finds itself caught between prosperity and a past of poverty, it's dealing with a pervasive problem: lots of household debt
China's Economic Growth Slowest in 3 Years
July 13 2012 7:09 AM
China's growth rate slowed for a sixth successive quarter to its slackest pace in more than three years, highlighting the need for more policy vigilance from Beijing even as signs emerge that action taken so far is beginning to stabilise the economy.
- TCS Net Profit Beats Expectations, Outdoes Infosys Results
July 13 2012 4:48 AM
Tata Consultancy Services (TCS), India's top IT exporter, exceeded the market expectations in the First quarter of the Financial year 2012, by posting strong earnings and affirmed its position as the bellwether of India's IT industry.
India's Growth Downgraded; ADB Forecasts 6.5 Percent
July 13 2012 4:23 AM
The Asian Development Bank (ADB) cut its growth forecasts for developing Asia on Thursday, saying financial and economic problems in Europe and the United States had cut demand for exports, although Southeast Asia remained a bright spot. China's economy was expected to grow 8.2 percent this year and India's 6.5 percent, Kuroda said.
India's Industrial Output in May Up by 2.4 Percent
July 13 2012 3:53 AM
India's industrial output picked up more than expected in May, bolstering the case for the Reserve Bank of India (RBI) to keep interest rates high at its next policy meeting as a slow start to the monsoon puts pressure on inflation, especially food prices.
Infosys Q1 Net Profit Up 33 Percent; Revenue Forecast Cut, No Wage Hike And Share Buyback
July 12 2012 4:43 AM
Infosys Technologies Ltd, India's second largest software services firm, Thursday reported 33 percent rise in net profit for the first fiscal quarter ending June 31, 2012, supported by the appreciation and depreciation of the rupee, and met analysts' expectations.
- India Gets Its Third Stock Exchange; MCX-SX To Be Functional In Couple Of Months
July 11 2012 5:39 AM
MCX Stock Exchange (MCX-SX) is all set to become India's third full-fledged stock exchange as it got license from the Securities and Exchange Board of India (SEBI) to trade in new asset classes, including equities, futures and options and other products.
World Economies Slowed In May, Even White-Hot Brazil Disappoints: OECD
July 09 2012 12:38 PM
The world's major economies extended their slowdown in May, with conditions deteriorating significantly in India and Italy, according to a statistical indicator released by the Organisation for Economic Co-operation and Development on Monday. Even in Brazil, one of the few economies surveyed that is expanding, the pace of growth slowed.
India's Generic Drug Healthcare Policy To Benefit Millions Of Poor Patients
July 07 2012 6:49 AM
The Indian government has taken a major step toward its ambitious vision of achieving Universal Health Coverage (UHC) by initiating a $5.4-billion plan that would allow the government sector doctors to prescribe generic drugs to the patients free of cost.