Alan Bollard, Executive Director of the APEC Secretariat, outlines the repercussions if India proceeds to block a deal struck by the World Trade Organization in Bali last year.» Read More
*India, Middle East, Africa to lead high-tech product demand. have more disposable income and a heavy appetite for technology products like cell phones, tablets and laptops, " Ken Rankin, high-tech marketing director at UPS in Atlanta, said in a Friday interview with Reuters.
Government bailouts of big banks are here to stay and are bad for economies because they channel capital to uncompetitive industries and sustain high levels of debt, according to economist Garett Jones.
Asian economies have stumbled in recent months. High inventories, the lagged effects of tightening in China, and lackluster growth in the West have all taken their toll. Inflation, as a result, has slowed.
Despite the political firestorm, the Indian government seems committed to pushing through a series of bold reforms aimed at boosting foreign inflows, but do the changes go far enough to convince investors to take the plunge?
Indian opposition parties and shopkeepers launched a day of protests and strikes on Thursday against a rush of economic reforms by the Congress-led coalition government, which include cuts in diesel fuel subsidies and the liberalization of the retail trade. The FT reports.
The Indian rupee has been among the major beneficiaries of the government’s latest economic reform efforts – gaining over 2 percent against the dollar over the past week – and analysts say this may trigger a greater rebound in the beleaguered currency, which could rise as much as 8 percent by the year-end.
The so-called big bang reforms unveiled by the Indian government to contain its budget deficit, boost growth and ward off a credit downgrade have, however, failed to impress ratings agencies, with both Moody’s and Standard & Poor’s wary about the implementation of these new measures.
Indian stocks are getting a boost after the government stunned markets last week with a slew of aggressive steps to revive the economy. But India watchers warn that the rally could be short-lived, unless Prime Minister Manmohan Singh shows resolve and follow through with the unpopular measures.
Discussing the Fed induced market surge, the violence in the Middle East, Wal-Mart's plans to open stores in India, and how popular the iPhone 5 will be in emerging markets, with David Riedel of Riedel Research Group; Ron Shah, Jina Ventures; and Richard Ross, Auerbach Grayson.
Click to see some of the fallout from this clash between the West’s cherished freedom of expression and the Muslim world’s insistence on respect for its traditions.
QE3 dings the dollar and the euro gets a lift — it's time for your FX Fix.
An unexpected spike in India’s inflation rate for August has dashed hopes of a rate cut when the central bank meets on Monday, even as the government finally gave into calls to rein in its fiscal deficit by hiking fuel prices.
After promising for months now a plan to turnaround India’s troubled economy, Prime Minister Manmohan Singh finally delivered on Thursday what’s widely viewed as the boldest measure yet—in the form of a controversial fuel price hike.
Brazil, Russia, India and China – together termed BRICs have been an investment disaster and were a marketing-led concept , according to John-Paul Smith, emerging markets equity strategist at Deutsche Bank.
John-Paul Smith, global emerging markets equity strategist at Deutsche Bank gives his view on emerging markets, "The BRICS have been a disaster, they are almost un-investible."
Recent news out of India has given investors little to cheer about as Asia’s third largest economy grapples with slowing growth, stubborn inflation and fiscal inefficiencies that threaten to strip it off its investment grade rating.
McDonald’s, the US-based hamburger chain, is to open its first ever vegetarian-only outlets in two Indian pilgrimage centers as it seeks to expand in a market where cows are sacred and beef-eating taboo.
“The risk-return reward of investing in emerging markets works very much in your favor as opposed to investing in some of the U.S. stocks that have gone up spectacularly well this year,” one pro says.
Gross domestic product (GDP) growth in India picked up pace in the April-June quarter helped by a rise in construction output, prompting economists to say the worst might just be over for Asia’s third largest economy struggling to return to the days of 8-9 percent growth rates.
India’s gross domestic product (GDP) report is due out Friday and economists are not expecting any dramatic turnaround in Asia’s third largest economy. The consensus is that growth in the April to June quarter was likely a repeat of the previous quarter’s lackluster 5.3 percent - but investors are shrugging it off.