Obama welcomes downtick in jobless rate

Last Updated: Friday, April 6, 2012, 22:37

US President Barack Obama on Friday welcomed a downtick in the unemployment rate to 8.2 percent, despite a slowdown in overall job creation, but said there was more work to do to revive the economy.

Japan logs record trade deficit, recovery seen

Last Updated: Monday, February 20, 2012, 09:09

Japan logged a record trade deficit in January, government data showed on Monday, the clearest evidence to date of pain from a firm yen, a global slowdown and rising fuel imports needed to offset declining use of nuclear power.

Probability of global recession low: Subbarao

Last Updated: Friday, December 9, 2011, 13:34

The probability of a global recession is low, even though the US is growing slowly and Europe is experiencing negative growth, RBI Governor D Subbarao said Friday.

Euro zone and China signal sharp global slowdown

Last Updated: Monday, December 5, 2011, 20:42

Europe's debt crisis might have pushed its economy into a far steeper contraction than anyone thought and growth in China is sputtering, according to surveys that point to a sharp global slowdown taking place.

US factories grow despite global slowdown

Last Updated: Friday, December 2, 2011, 00:17

Factories shrugged off weakness in the global economy during November as manufacturing activity rose to its highest level in five months, giving a fresh sign that the American economy could be accelerating.

Q2 growth not disappointing in view of global slowdown: Pranab

Last Updated: Wednesday, November 30, 2011, 13:03

GDP growth in the second quarter of the fiscal slowed to 6.9 percent from 8.4 percent in the corresponding period last year, mainly on account of a decline in mining and manufacturing output.

India could grow 7.6-8% in FY12: Ahluwalia

Last Updated: Friday, November 11, 2011, 13:03

India's economy could grow between 7.6 and 8 percent in the fiscal year to March 2012, Deputy Chairman of India's Planning Commission Montek Singh Ahluwalia said on Friday, adding that he was concerned about a recent growth slowdown.

Indian economy to grow at 7.5-8% this fiscal: Basu

Last Updated: Monday, October 17, 2011, 21:48

In the first quarter of the current fiscal, the Indian economy posted a growth rate of 7.7 percent.

PM says economy will grow close to 8% this year

Last Updated: Tuesday, October 11, 2011, 18:05

The Indian economy will achieve near 8 percent growth in the current financial year despite the global slowdown, while lowering inflation remains a challenge in the short term, Prime Minister Manmohan Singh said in a statement on Tuesday.

Global slowdown to have limited impact on IT hiring: Survey

Last Updated: Sunday, September 25, 2011, 14:33

Senior HR managers believe that the gloomy global economic scenario will have limited and short-term impact on hiring in the Indian IT sector as the industry is better prepared to deal with the current slowdown, compared to 2008 meltdown, says a survey.

Global slowdown silences Asia`s inflation hawks

Last Updated: Friday, September 9, 2011, 15:48

The global economic slowdown has brought emerging Asia`s rate-hiking cycle to a premature pause and the next step could be easing if the United States slides into a recession or Europe`s debt troubles spawn a full-blown financial crisis.

Global slowdown silences Asia`s inflation hawks

Last Updated: Friday, September 9, 2011, 15:48

The global economic slowdown has brought emerging Asia`s rate-hiking cycle to a premature pause and the next step could be easing if the United States slides into a recession or Europe`s debt troubles spawn a full-blown financial crisis.