The rate of unemployment has decreased in most of the States of US, in January. US saw one of the biggest unemployment crisis, due to recession ,after the World War II. Thousands of US citizens lost jobs. Many companies toppled. Mostly many of the financial institutions and banks went bankrupt. Everything [...]
The index of Dubai in the stock market saw a rise after Dubai World announced their rollover plans, where the company would ask its lenders to roll over loan after presenting proposals to creditors this month.
Dubai World along with its two other units Nakheel PJSC and LLC Properties finances construction projects in Dubai. They struggled [...]
The year 2008 saw just 25 bank closures in US, and it was dwarfed by the 140 bank closures in the year 2009. And the US FED had already warned around October 2009 that the financial condition of over 415 US banks were very weak and good number of these banks were ripe for [...]
The US consumer confidence is a realistic data on the state of mind of the millions of US consumers who actually control the direction of the world’s largest economy. The February 2010 data indicates a steep fall in the US consumer confidence, taking it to a 10 month low.
This has been due to increasing [...]
The Australian economy is on a solid footing right from the middle of 2009. It was the first country to start raising the interest rates. So far the country has been able to realize more money for the valuable industrial commodities it produces.
Yes it has been seeing robust demand for coal and iron ore and [...]
The inflation is going out of control in India, the second fastest growing economy of the world in 2009. The inflation data released by the Government authorities yesterday indicated a massive 8.5% rise in overall inflation during the month of January 2010.
This is expected to result in further tightening of the bank interest rates, which [...]
The fastest growth of manufacturing has happened in United States, not seen in three years. Manufacturing industries from 1930’s are the reason behind pulling the United States up, before falling into deep recession.
The employers in the last 11 months had cut the payrolls of 4.1 million workers. Now, industries such as caterpillar are bringing [...]
Japan’s central bank has vowed to fight deflation as it announced interest rates would remain at 0.1%.
“It is a critical challenge for Japan’s economy to overcome deflation,” the bank said in a statement.
It added it “would not tolerate” annual price rises at, or below, zero. The consumer price index fell at an annual rate of [...]
US producer prices rose more than expected in November, led by a big increase in the cost of petrol, official figures have shown.
The Labor Department’s Producer Price Index increased 1.8% from October, on a seasonally adjusted basis, the biggest rise in three months.
The cost of petrol increased by 14% on the back of higher crude [...]
The Dubai world was expected to announce the default on repayment of over 4 billion dollars of outstanding loans yesterday, but a timely 10 billion dollars loan from Abu Dhabi government has helped it to avoid it.
Experts say that the company may still be in need of over 10 billion dollars of bailout money in [...]
