Coca-Cola says it's cutting 750 jobs in the US as it continues to streamline its business. The world's biggest beverage maker says the jobs cuts will be across the board and that affected individuals will be notified in coming weeks. The cuts represent roughly 1 per cent of the company's workforce of 75,000 in North America. ...
02:13 AM, Mar 22, 2013
With US stock market indices more than doubling since the financial crisis and the American housing market recovering, there are increasing hopes on Wall Street that a wider "wealth effect" could set in. ...
08:30 AM, Mar 06, 2013
New Delhi: Even though Indian economy's growth declined to 6.5 per cent in 2011-12 and further to 5.5 per cent in the first quarter of this fiscal, it is no cause for undue worry, Finance Minister P Chidambaram said on Monday. "These are challenging times for global economy. They are affecting market sentiments everywhere," the finance minister said in his opening remarks at the annual Economic Editors' Conference in New...
11:50 AM, Oct 08, 2012
Washington: The global economy is in the worst shape since the dark days of 2009. Six of the 17 countries that use the euro currency are in recession. The US economy is struggling again. And the economic superstars of the developing world - China, India and Brazil - are in no position to come to the rescue. They're slowing, too. The lengthening shadow over the world's economy illustrates one of...
11:51 AM, Jul 23, 2012
Bangalore: Uncertainty about spending by US and European clients in a weak global economy will likely weigh on the earnings of Indian outsourcers, dampening hopes that demand will pick up in the second half of the year. India's $100 billion-a-year information technology and back-office outsourcing industry earns about three-quarters of its revenues from customers in the United States and Europe. Analysts expect No.2 ranked Infosys Ltd., the only top-three vendor...
07:33 AM, Jul 12, 2012
Bangalore: Uncertainty about spending by US and European clients in a weak global economy will likely weigh on the earnings of Indian outsourcers, dampening hopes that demand will pick up in the second half of the year. India's $100 billion-a-year information technology and back-office outsourcing industry earns about three-quarters of its revenues from customers in the United States and Europe. Analysts expect No.2 ranked Infosys Ltd, the only top-three vendor...
03:52 PM, Jul 09, 2012
London: Loose global monetary conditions are stoking credit and asset price booms in some emerging markets that could lead to a new financial crisis, the Bank for International Settlements (BIS) warned on Sunday. Such a boom-and-bust cycle might have severe global repercussions, not least due to the increased weight of emerging markets in the world economy and in investment portfolios, the BIS said in its annual report. It urged central...
11:20 PM, Jun 24, 2012
Mumbai: The rupee fell below 54/$ on Wednesday after risk assets continued to be beaten down on worries about the future of the euro zone after Greece failed to form a government. The rupee was at 54.10-54.11/$ in early trade versus its Tuesday close of 53.79. That left it in sight of the 54.15 low hit on Monday and the 54.30 record low hit in December. Dealers will closely watch...
11:23 AM, May 16, 2012
"It was the best of times, it was the worst of times; it was the age of wisdom, it was the age of foolishness; it was the epoch of belief, it was the epoch of incredulity; it was the season of Light, it was the season of Darkness; it was the spring of hope, it was the winter of despair; we had everything before us, we had nothing before us;...
05:14 PM, Mar 29, 2012
Mumbai: South African Deputy Minister of Trade & Industry Elizabeth Thabethe, who is currently on a visit to India said in Mumbai on Friday that women had a major role to play in the global economy. "Women empowerment is an issue very close to my heart. Women now have a major role in the global economy and that has been evident in India and South Africa. Friday's workshop focuses on...
09:30 PM, Mar 23, 2012
Washington: Christine Lagarde, the chief of International Monetary Fund, will visit India later this month and is likely to discuss various economic policies and reforms related to the fast-growing Asian economy. Lagarde will also be visiting China next week, following which she would be in New Delhi on March 19-20 for her first India visit since taking over as IMF Chief in June last year. She is likely to meet...
08:29 PM, Mar 09, 2012
Singapore: The World Bank announced on Friday a global alliance to better manage and protect the world's oceans, which are under threat from over-fishing, pollution and climate change. Oceans are the lifeblood of the planet and the global economy, World Bank President Robert Zoellick told a conference on ocean conservation in Singapore. Yet the seas have become overexploited, coastlines badly degraded and reefs under threat from pollution and rising temperatures....
11:59 AM, Feb 24, 2012
Greece has finally secured a crucial second bailout after a marathon session of talks. ...
02:48 PM, Feb 21, 2012
Washington: No country is immune from an "escalating" euro zone crisis and each one must act to head off the risk of a global depression, the head of the International Monetary Fund said on Thursday. IMF Managing Director Christine Lagarde, speaking at the US State Department, said the outlook for the world economy is "quite gloomy" and warned that failure to act collectively could lead to protectionism and isolation reminiscent...
07:59 AM, Dec 16, 2011
New York: After another week of confusion and turmoil in Europe, investors are ditching whatever hopes they once had for a conclusive solution to the debt crisis. That may foreshadow a gloomy holiday season in markets, especially if wary investors opt to reduce risk in their portfolios and take refuge in US Treasuries and the dollar. Just weeks after it seemed leaders had drafted a master plan to solve the...
09:50 AM, Nov 07, 2011
![Sriram Balasubramanian]( "Sriram Balasubramanian")
The BBC interview with a trader on the crashing of the Global Economy on YouTube, that is running viral caught my eye. It talked about ...
02:30 PM, Sep 30, 2011
Washington: Amid fears of a second dip recession, Indian Finance Minister Pranab Mukherjee has said that "concrete steps" will have to be taken to deal with the situation as there is no ready made formula to address the problems. "We are in a situation when international economic situation is very difficult. There is a lurking doubt whether a second dip recession is going to take place and what role international...
12:09 PM, Sep 24, 2011
Beijing: The world economy is stepping into a "new danger zone," World Bank President Robert Zoellick said on Saturday, as growth slows and investor confidence weakens. Speaking in Beijing, Zoellick urged Europe and the United States to tackle their debt problems, and noted that near record-high food prices and volatile commodity markets are threatening the most world's vulnerable people. "The financial crisis in Europe has become a sovereign debt crisis,...
08:48 PM, Sep 03, 2011
Prime Minister Manmohan Singh and US President Barack Obama met on the sidelines of the G-20 Summit in Toronto on Sunday. ...
07:41 AM, Jun 28, 2010
The loan is part of a 110-billion-euro, European Union-IMF aid package to help Greece out of its financial woes. ...
07:21 AM, May 10, 2010
