Washington, Sep 10: While addressing the Congress, Barack Obama,the US President assured that the country was recovering from recession, which had hit America in Dec 2007.Obama appreciated the way US economy fought the meltdown but warned that it would
Washington, Jun 5: The jobless claims in United States dipped for the first time in 20 weeks, down about 15,000 to 6.7 million as per the Labour Department data. It was the first drop in that figure since early Jan. First-time
Washington, Jun 4: Former US Vice President Dick Cheney says that former President George W Bush did not want to be the one who 'pulled the plug' on General Motors, and instead, decided to pass on that responsibility to his successor
Detroit, Apr 23: General Motors (GM) the United States automobile giant is planning to shut down most of its plants for upto 9 weeks this summer as a result of slumping sales and growing inventories of unsold vehicles. The exact date
New Delhi, Apr 2: Hitting a 13-year low, the country’s exports dropped by 21.7 per cent in Feb to Rs 58,685 crore, as compared to Rs 60,476 crore in the corresponding month in 2008, according to official data released by Union
London, Apr 1: Indian Prime Minister, Manmohan Singh has urged the global economies to continue to boost the economy with stimulus package till 2010. He also urged to stop protectionism in all field including financial sector to battle the ongoing global
Bangalore, Mar 30: Post Recession will see heavy changes in the hiring pattern by the companies. Hiring will mainly focus on quality rather than quantity and there will be a pronounced thrust on the all-round ability of those recruited to deliver."As
New Delhi, Mar 28: Prime Minister Dr Manmohan Singh on Saturday, Mar 28 reviewed the current economic situation with top industry leaders.Dr Singh sought their views on India's stand at the G-20 summit for a way out of the global crisis.The
Washington, Mar 27: The World Bank on Thursday, Mar 27 has approved a $500 million interest free loan for Pakistan. The move will help Pak stablize its economy in the face of political and economic turmoil.World Bank coutnry director for Pakistan
Washington, Mar 27: United States economy shrinked to a 26 year low of 6.3 per cent in the fourth quarter of 2008 as country's exports weakened and consumers reduced spending as per the reports from the Bureau of Economic Analysis. The