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Indian Economy

India's Current Account Deficit To Narrow To 3.5%

India’s current account deficit is likely to narrow to 3.5 percent from the current 4.5 percent by the end of the fiscal year, Prime Minister's Economic Advisor Council Chairman Dr C Rangarajan has said.
Occupy Wall Street

Rosh Hashana Sermon Read at Occupy Wall Street Rally [FULL TEXT]

On Sunday night, just a day before the one year anniversary of the Occupy Wall Street movement, protesters returned to Zuccotti Park, formerly the central camp ground of the protest, to kick off celebrations. The festivities also coincided with another event; Rosh Hashana, the Jewish New Year.
iPhone 5

Apple Shares Leap To New Record As Goldman, Others Up Target Prices

Shares of Apple (Nasdaq: AAPL), the world's most valuable technology company, rose 1 percent in Thursday trading after several analysts at firms including Goldman Sachs (NYSEL GS) boosted their price targets for the Cupertino, Calif.-based company, citing potential sales of the iPhone 5.
Fed Chairman Ben Bernanke

Fed Meeting Preview: QE3 Has Arrived

Markets have been talking about QE3 for two years. Now, after a sovereign credit downgrade, the near collapse of the European financial system, and facing an anemic recovery that has only marginally helped heal the carnage in the labor and housing markets, the vast majority of financial pundits believe QE3 this week is "pretty much a given."
File photo of stock brokers trading in a brokerage firm in Kolkata February 16, 2009.

Poor Returns Cast Cloud over BRIC Equity Funds

Investors fed up with years of poor returns are deserting BRIC equity funds, pushing share valuations to record cheap levels and questioning the future of the high-profile investment theme.
American International Group Inc CEO Robert Benmosche

US Will Cut Its AIG Stake To 23% From 53%, By One Estimate

Because of the U.S. Treasury Department's announcement Sunday that it has launched an offering of $18 billion worth of its American International Group Inc. (NYSE: AIG) common stock, the government will soon go from being the company's majority shareholder to being one of its minority shareholders.
Pieces of gold

Gold Tops $1,700 on Draghi Comments, Holds Despite Good Jobs Data

Gold futures blew past the $1700-per-ounce mark early Thursday morning ahead of a widely-anticipated appearance by European Central Bank president Mario Draghi where the central bank head was expected to announce further monetary accommodation in the eurozone.

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