Economy Live

415 billionaires is what the US has. This is by the last count of Forbes magazine. Who's No. 2 you may ask? China. A year ago, there were 15 billionaires in China. Now, there are more than 100, according to the widely watched Hurun Report. Forbes has...

One of three operating units of Verizon Communications Inc, Verizon Business delivers advanced IP, data, voice and wireless solutions and is globally recognised as a telecom giant. With over 32,000 employees and 321 offices in 75 countries across six.

China has made inroads into the African economy with its biggest ever acquisition on foreign soil with the state controlled Industrial & Commercial Bank of China Ltd (ICBC) agreeing to buy 20% of the share of Standard Bank Group Ltd., Africa's largest.

Michael Crichton, the author of such best-selling science fiction extravaganzas like the Jurassic Park has a quieter, less known book which bristles over with a rabid fear of all things Japanese. In the Sun Rising, Crichton talks of the Japanese...

For IMF head, there are two candidates to replace Mr Rodrigo Rato who has resigned for personal reasons, France's former Economy minister Dominique Strauss-Khan and the former president of the Czech Central Bank Josef Tosovsky. Dominique...

After NASDAQ vows to sell 31% stake in LSE, a number of seekers have emerged to cash the opportunity. In this league Singapore-based Temasek Holdings has approached NASDAQ for its $1.58bn worth stake in LSE. Temasek have made the approach in...

It's not only America and Europe, who are battling with the subprime woes, but Asian markets are also affected by it. It's so obvious that even single news also affects other markets dearly. Subprime dragon has already eaten up many markets and...

What can be worse for an economy if its inflation increases at the pace of 2000% per month? I am not leaving you in a quandary, but Mugabe-led Zimbabwean economy is actually affected by the inflation, which has risen to 7,634.8%, the highest in the...

Bank of America has invested $2bn in Countrywide Financial Corp, to shore up the finances at the largest U.S. mortgage lender, which has hard hit by the subprime mortgage crises. Under the terms of the deal, bank will buy 7.25% of non-voting...

To control money supply and curb rising prices, the People's Bank of China has raised interest rate on bank deposits by 27 basis points to 3.6%, and the lending rates by 18 basis points, to 7.02% from 6.84%, fourth time this year. On the basis...