The US economic growth in most parts was modest in the early spring despite sluggish manufacturing largely due to the housing slump, while prices were generally stable, the Federal Reserve said on Wednesday in its latest survey of the national economy. However, a sluggish speed in manufacturing in m[...]
May 5th, 2012 - 1:14 pm § in News Of Economy
US economy is still growing moderately with modest inflation
May 5th, 2012 - 1:14 pm § in News Of Economy
New GS India-FCI index unveiled by Goldman Sachs
A new index has been launched by Goldman Sachs in India. Called the Goldman Sachs India Financial Conditions Index or GS India-FCI is aimed at understanding and forecasting the business cycle of India rather than only the interest rates. As per GS India-FCI a slide of hundred basis point in FCI brin[...]
May 5th, 2012 - 1:13 pm § in News Of Economy
Democrats launched move to repeal US online gambling ban
Democrats in the US Congress have launched a campaign to revoke America’s controversial ban on internet gambling which thrust the gaming industry into disaster last year and prompted the arrest of several British executives. Barney Frank, the chairman of the House financial services committee,[...]
May 4th, 2012 - 1:13 pm § in News Of Economy
Inflation of Zimbabwe touches a record figure of 2,200%
Did you ever think in your wildest dreams that inflation could reach four figures? This has happened in Zimbabwe where inflation has jumped to a record figure of 2,200% in March. All this is happening as a result of widening political and economic crisis in the country. Both food and non food have b[...]
May 4th, 2012 - 1:12 pm § in News Of Economy
Property derivatives to be offered in Japan within a few years
In years to come it is expected that Japan could have a thriving property derivates market. A number of companies are quite eager to create these OTC products. It is being said that over the counter derivates could add more stability to the property market of Japan. The country is taking cue from UK[...]
May 4th, 2012 - 1:12 pm § in News Of Economy
US economic growth slows to weakest in four years
The US economy slowed down sharply while inflation accelerated in the first three months of the year, the government reported on Friday, again sparking off anxiety that the nation might be sliding into a more serious downward spiral. The US Commerce Department in its preliminary report on economic g[...]