Globally, buying groceries online has not boomed. But in India, a stunted grocery sector offers opportunity for e-commerce players. The Financial Times reports.» Read More
Warren Buffett is defending Goldman Sachs before shareholders at the Berkshire Hathaway annual meeting in Omaha, saying, "It's hard for me to get terribly sympathetic" with the alleged victim in the SEC's case against the Wall Street giant. Buffett also says "we love" Berkshire's investment in Goldman.
The theme among earnings reports by three consumer powerhouses is that the global recovery continues and the most impressive growth is in emerging markets.
The world economy is clearly in a V-shaped recovery and those talking up a double dip recession are way off the mark, Jim O'Neill, the head of global economic research at Goldman Sachs, told CNBC.com.
Israel perhaps has more to gain than anyone else from going clean and green. Right now, Israel is almost fully dependent on fossil fuels that pollute the country. Israel still gets its oil from secondary sources, because Arab nations won't sell to Israel directly.
The political philosophies espoused by former leaders Ronald Reagan and Margaret Thatcher will wither and die as the West watches its financial and political power ebb away to the East, according to HSBC’s chief economist.
Emerging markets still will provide value to investors but not necessarily through their stock markets, strategists at Barclays Wealth Management said Wednesday.
Turning the tables on a China-based computer espionage gang, Canadian and United States computer security researchers have monitored a spying operation for the past eight months, observing while the intruders pilfered classified and restricted documents from the highest levels of the Indian Defense Ministry.
The Greek Finance Minister will travel to the U.S. in two weeks to drum up support for his latest bond auction that he hopes will raise $10 billion ($13.4 billion).
Geithner arrives in New Delhi on Tuesday for a two-day trip to inaugurate a new economic and financial partnership between two of the world’s largest and oldest democracies, the New York Times reports.
As the rest of the world worries about economic growth, angry complaints from consumers such as these Indian bloggers have turned Asian policymakers’ minds to a different problem: rapidly rising inflation, the Financial Times reported.
India is facing demands from the local state-owned oil industry to create the country’s first sovereign wealth fund to compete with China in the race to secure global energy assets, according to government and industry officials.
Coal is dying as a source of US power generation. Good. Let me count the ways that coal has finally been unmasked as not so cheap power.
The economies to watch now are the "Emerging Seven"...Their combined gross domestic product could overtake that of the G7 this decade and open up a 30 percent lead by 2030, according to a PricewaterhouseCoopers forecast. But what will Russia look like in 2030?
Job creation will continue to be difficult if hostility toward financial institutions continues, causing them to cut back on lending, said Steve Schwarzman, CEO of the Blackstone Group private equity firm.
The booming economies of China, India and Brazil are in the spotlight, while those of Europe, Japan and the U.S. look dull and weak.
aBSTRACT FOR POST
This car is not yet approved by the DOT for street driving, so my limited test drive was limited to an industrial complex outside Detroit. But even in short drive, the Nano impressed me with plenty of pep and responsive handling. Its tight turning radius will be an asset for zipping around in urban areas with tight spaces. For an entry-level car, it works. You don't get the feeling you are driving a compact car that lacks power and agility.
It may be halfway around the world from Detroit, but the auto expo this week in New Delhi, India is in many ways a far more important than the one we'll see next week in Detroit.
The long-term investment trend is definitely pointing toward Asia, but China may not be the best opportunity in the region while India could be a safer bet, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC Monday.