Latest Economy & Business News
Recently it has been reported from closed sources that Apple Inc has been having discussions with a number of reputed and famous Cable operators of United States about allowing consumers to make use of an Apple gadget as the set-top box and see live television plus other related contents.
As reported by the New-York Times, Motorola Mobility has disclosed to its employees that it has certain plans of slashing 20% of its existing workforce, thereby, shutting down almost one-third of the presently running offices worldwide.
In India, for the first-time, the consumer confidence declined in nine-quarters after a downfall in the employment sentiment as well as the downcast spending behaviour. The report has been published on Tuesday in the index of the newest edition of Neilson Global Consumer-confidence.
What started as a Greece problem is spreading its wings in the entire Euro zone in the following months. The Euro-zone Manufacturing Purchasing Managers Index (PMI) dropped to 45.9 during the last month from 47.7 in March and it is considered to be their lowest figure since the m The Beekeeping Bible onth of June […]
Since Chinese economy is performing much better than the US economy even during the days of global recession, many US companies are coming down to the China market to see their sales increasing and trying to keep their bottom line intact.
With the launch of Maruti Etriga, the company is aiming for a 50% market share in the Indian market. The company lost their market share in the last financial year due to some labor disputes for few months and due to that, their market share dropped to 38%.
China faced one of its largest deficits in the era of trade, after the import rate overthrew the export trade. It was said from the government’s part as well as from the authorities of the commerce department that while the import rate doubled, the export rate was sliced to half (of the expected values).
The New York City news has recently estimated that the bonuses of Wall Street fell by 25 percent in the year 2011. The industry had expected a greater reduction in the bonuses, but the bonus reduction blow of Wall Street was a less severe one.
It is really an American dream getting shattered by the Indian drug manufacturer Ranbaxy Laboratories. The US department of Justice has filed a permanent injunction on this Indian drug manufacturer against selling medicines in the American market.
It has been revealed by the Zappos authorities that the database of their online customers has been hacked and it has lead to the licking out of credit card, billing and address information of their online customers.
In spite of slow economic progress, Global agency Moody has improved the short term foreign currency rating of India from speculative to investment grade. With this improvement, the domestic companies will be able to raise funds from the overseas markets at lower rates.
The Auto Expo 2012 in India is going to start from January 5 and visitors are expecting a lot of surprises this year. Many Indian and global carmakers are going to join the event and show their wide variety of cars.
Great Britain is facing one of the toughest job markets in two decades as the numbers of working people is expected to fall by 120,000 in the year 2012. It was announced by the Chartered Institute of Personnel and Development.
Reacting to correctionary measures, China’s rate of inflation is going down straight for the past three months. Few months ago, inflation rate in China was becoming a major concern for the economy.
Though the US economy created a large numbers of jobs in the month of October, growth still seems to be sluggish. According to report published by the US Labor Department, employers have been able to add 80,000 payroll jobs and it was slightly less than what the market was expecting.
With less number of iPhone activation going on, the growth of AT & T has slowed down. The quarterly earnings of the company fell short of expectation. The wireless industry as a whole is going through a hard time and is finding it difficult to attract customers to subscribe the data plans.
The Reserve Bank of India has hiked the repo rate and hence the key interest rates in the country by 25 basis points. With this announcement of hike in repo rate, all loans have become costlier and that includes the home loan, personal loan. The RBI authorities claimed that the move has been initiated in […]
Recession has taken its toll on the demand for oil also. As more and more people are found to be losing their jobs and salaries getting frozen, oil consumption went down and this has led to the decrease in demand of oil worldwide.
The mortgage rates have touched lowest since 1971 in this week in the USA. For a thirty years fixed mortgage, the rate has dropped down to 4.12%. This was the best time for the Americans to buy their home as with such low rate of mortgage, they could have saved thousands of dollars every year.
Raising anxieties due to the sluggish growth in the US as well as Chinese economies, the ever-worsening sovereign debt catastrophe in the Eurozone, in addition to the S&P’s US credit rating downgrade Friday are all placing much of the worldwide investors’ community into a situation which was never experienced before.