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'Russia needs 3 to 5 years for an efficient economy'

Moscow, May 21: Russia will need three to five years to exit stagnation and build an efficient economy, former finance minister Alexei Kudrin has said."Even if we roll up our sleeves and set to work right now, we'll need from three ...

World on brink of another economic meltdown: UN

United Nations, Dec 2: The United Nations has warned that the world is on the brink of another recession, projecting that global economic growth will slow down further in 2012 and even emerging powerhouses like India and China, which led the ...

Another Recession to hit India, IT world, hints Infosys

Bangalore, Nov 22: Another Recession may hit India and its Information Technology (IT) sector soon. The latest statement on the recession came when the executive co-chairman of IT-giant Infosys, S Gopalakrishnan hinted that another recession may leave a profound impact on ...

Take Steps To Prevent Recession Pm Tells Europe Nations

Take steps to prevent recession: PM tells Europe, rich nations

Pretoria, Oct 18: Cautioning that the Eurozone crisis could affect the developing countries, Prime Minister Manmohan Singh today asked Europe and other advanced economies to take "effective and early steps" to prevent the global economy from slipping into a double...

Deven Sharma to quit as S&P President

New York/Washington, Aug 23: Ratings agency Standard and Poor's today (Aug 23) announced that Deven Sharma, the company's Indian-origin President who was at the helm of affairs when S&P downgraded the United States' credit rating, will leave the company by the ...

Deven Sharma To Quit As Standard And Poors President

Deven Sharma to resign as President of Standard and Poor

Washington, Aug 23: Indian-American Deven Sharma, the president of Standard and Poor's, is stepping down by year end, an announcement coming only weeks after the credit rating agency downgraded American credit rating.The credit-rating firm plans to announce Sharma's exit o...

US probing S&P rating of mortgages: Report

New York, Aug 18: The Justice Department of the United States is investigating whether credit ratings agency Standard & Poor's improperly rated dozens of mortgage securities in the years leading up to the global financial crisis of 2008, a media report ...

Deven Sharma President Standard And Poor Recession

Deven Sharma - The Indian who degraded US & Obama!

New York, Aug 9: While rumours and speculations of a new recession started doing rounds amid the down trends in global economy, the man who buffed the United States by downgrading America's credit rating from AAA to AA+ is an Indian!Deven ...

India better prepared, fundamentals strong: Pranab

New Delhi, Aug 8: Amid a fall in the stock markets in the wake of economic problems in the US, Finance Minister Pranab Mukherjee today said India''s fundamentals are strong and the government is ready to address any concern that may ...

Second recession could be more painful than the first

New York, Aug 8: The Great Recession of 2007 that rocked the entire globe might have compelled many jobless to take up the drastic step of committing suicide. But, the recent warnings by the economists claim that if the economy falls ...

US may soon go into another recession: Ex-Obama advisor

Washington, Aug 8: If Standard & Poor's downgrading of USA's credit rating was bad news to many, then there is more in store as President Barack Obama's former economic advisor believes that a new recession may just be lurking around the ...

Usa Likely To Face Another Recession Soon Ex Obama Aide

Japan Earthquake Nuclear Explosion Recession Aid

Quake, Tsunami hit Japan likely to face recession soon

New York, Mar 14: World's third largest economy, Japan soon may experience a Recession as many economists feared as the country is experiencing simultaneous hazards from Friday, Mar 11.On Friday, the land of rising Sun, Japan was rocked by an earthquake ...

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