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No relief seen in global economic crisis

Gwalior :: India | about 2 hours ago | Business News

Posted by city786

WASHINGTON - The global economy saw more signs of distress on Thursday with U.S. stocks plunging for a second consecutive day, oil prices falling, a surprise rate cut in Switzerland, export woes in Japan and rescue loans to Turkey and...

18 news stories / 0 blog posts / 2 images / 12 videos / 1 voice

European, Asian markets rebound despite US losses

London :: United Kingdom | about 8 hours ago | Business News

Posted by arjun

LONDON - European and Asian stock markets rebounded Friday as expectations of a recovery on Wall Street prompted investors to scoop up battered financial and energy shares. The FTSE 100 index of leading British shares was up 42.78 points, or...

31 news stories / 8 blog posts / 0 images / 30 videos / 0 voices

Japan may keep interest rates steady

Tōkyō :: Japan | about 17 hours ago | Business News

Source: GMA News

Japans central bank, which kept its already low interest rates on hold Friday, looks like it may coast in neutral for a while despite signs of a prolonged economic slump at home and abroad. The Bank of Japan last month...

22 news stories / 15 blog posts / 23 images / 29 videos / 0 voices

Sops for textile exporters shortly

New Delhi :: India | about 7 hours ago | Business News

Source: Hindu

Pillai on Friday said the textiles sector alone could lose five-lakh jobs in the next five months due to steep decline in exports. Stating that global economic slowdown had impacted the Indian export sector, Mr. Pillai said the Centre was...

8 news stories / 7 blog posts / 8 images / 3 videos / 0 voices

Smucker reiterates full-year earnings forecast

Orrville :: OH :: USA | about 9 hours ago | Business News

Source: International Business Times

The jelly and jams maker still anticipates a profit between $3.45 and $3.50 per share, which excludes restructuring and other costs. The outlook includes the company's acquisiton of Folgers coffee, which it acquired from Procter & Gamble Co. earlier this...

10 news stories / 1 blog post / 9 images / 6 videos / 0 voices

Jobless rate rises in Indiana to 6.4%

Indianapolis :: IN :: USA | about 8 hours ago | Business News

Source: The Indianapolis Star

Indianas unemployment rate worsened slightly in October, tying its highest mark in 21 years. Indiana was at 6.4 percent, putting our state below the national rate of 6.5 percent and lower than neighboring states; the unemployment rate in Michigan is...

7 news stories / 3 blog posts / 12 images / 23 videos / 0 voices

Poor sales hammer publisher-broadcaster

London :: United Kingdom | about 9 hours ago | Business News

Source: Miami Herald

Media General (MEG), the newspaper publisher and broadcaster, reported October publishing sales fell 17 percent, and a top investor disclosed stock sales. Total revenue fell 5.8 percent to $85.9 million last month from a year ago as tumbling sales at...

9 news stories / 3 blog posts / 3 images / 12 videos / 0 voices

5 lakh textile workers may lose jobs in next 5 months: Govt

Gwalior :: India | about 2 hours ago | Business News

Posted by city786

Five lakh workers in the textile industry, which is reeling under the impact of a severe slowdown in the export market, may lose jobs in the next five months, Commerce Secretary G K Pillai said today. "According to estimates of...

7 news stories / 2 blog posts / 2 images / 0 videos / 1 voice

Citigroup Tries to Stop the Drop in Its Share Price

New York City :: NY :: USA | about 7 hours ago | Business News

Posted by arjun

For months, the nation's largest banks have struggled to regain investors' trust. In the center of the vortex is Citigroup, whose precipitous stock-market plunge accelerated on Thursday, sending shock waves through the financial world.The shares slumped 26 percent Thursday; the...

21 news stories / 9 blog posts / 14 images / 20 videos / 0 voices

Congress Sends Detroit Execs Back — With Homework

Washougal :: WA :: USA | about 11 hours ago | Business News

Posted by arjun

House Speaker Nancy Pelosi of Calif, second from left, talks during a news conference on Capitol Hill in Washington to discuss the auto industry bailout. Faced with the choice of bailing out the ailing auto industry or letting it fail,...

30 news stories / 2 blog posts / 7 images / 9 videos / 0 voices