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Moody's Takes a Hatchet to Global Banks

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Few large financial institutions managed to escape unscathed as Moody's repositioned the ratings of 15 banks and securities firms with global capital markets operations after the closing bell on Thursday.
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Microsoft Windows Phone 8

Microsoft Windows Phone 8 Launched With Exciting Features; Nokia, Samsung, HTC, Huawei Announced As First Hardware Partners

Microsoft has struck again. Just a couple of days after launching the Surface tablet, the Redmond company took the wraps off the latest iteration of its mobile operating system, the Windows Phone 8, during a nightclub-themed media event in California Wednesday. With an exciting set of new features, the upcoming mobile OS has indeed managed to get the first impression of many onlookers already.
Exports Overstated by $9 Billion, Says Indian Government

RBI Rate Decision Pressures Delhi For Fiscal Action

The surprise decision Monday by the Reserve Bank of India to hold its interest rate steady because of inflation concerns puts fresh pressure on the ruling Congress Party to find a fiscal solution to the country's flagging economy.
The Reserve Bank of India logo is pictured outside its head office in Mumbai

Reserve Bank Of India Disappoints Industry, No Rate Cuts Now

The Reserve Bank of India disappointed the industry as it left the repo rate and cash reserve ratio unchanged at 8 percent and 4.75 percent, respectively, in its mid-quarter policy review Monday. The reverse repo rate, at which banks lend money to the RBI, also remains unchanged at 7 percent.

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