World Business News

Extreme pessimism was witnessed in the markets today following the unraveling of scam at Satyam. Selling activity was witnessed across sectors. Stocks from the realty, IT, energy and banking spaces led the pack of losers, while stocks from the FMCG...

So they say technically, we are not in recession because an economy only goes in recession when the country's domestic economic output or GDP declines for two consecutive quarters. But looking at the current pandemic engulfing United States of America...

Updated October 30 The global financial system is beset by a crisis that appears to be resistant to the therapeutic effect of the $700 billion bailout approved by the United States Congress, and the equivalent measures taken by the governments...

Good news from the world’s financial markets at long last. Stock markets in Asia and Europe have reacted favorably to the news that western financial and political leaders agreed over the weekend to pump billions of dollars and euro into...

The former chairman of the Federal Reserve Board Allan Greenspan was once considered an “infallible maestro”, according to the NYT in its report dated October 23, 2008. To his credit, during a hearing before members of the House Committee of...

According to the New York Times, the Bush Administration has lost valuable time in coming to grips with the American financial crisis for ideological reasons. The rot started when the US Treasury decided not to use taxpayer money to save...

According to the NYT, when the Bush administration brought out its $700 billion bailout two weeks ago, its sheer size was meant to restore confidence nationally and globally. But only three days after the plan became law, “it looks like...

The economic crisis and terrorist attacks in Mumbai have severely affected India’s mid-term growth plans. But, fortunately, India has an asset that only a few nations possess — a dynamic and huge diaspora the GDP of which nearly equals 30...