HSBC has cut its India GDP forecast for the fiscal 2013 to 5.7 percent from the previous forecast of 6.2 percent, citing "the lack of reform traction" and a more "challenging" global economic state of affairs.
Shares of Apple Inc. (Nasdaq: AAPL) jumped Wednesday during its highly anticipated unveiling of a host of new high-profile software and hardware products, including the iPhone 5, in San Francisco.
Digital Domain Media, the company that created the Tupac Shakur hologram from the 2012 Coachella festival, has filed for Chapter 11 bankruptcy.
Chinese media reveal that Foxconn, which assembles products for Apple, is still carrying out abuses in its labor practices, including the drafting of local college students in East-Central China into its factory labor force, and whitewashing the incident as an "internship" experience.
Over the weekend, Mitt Romney insisted his tax plan would not cut taxes on the rich. And yet, the Center for American Progress found it would lead to more than $2 billion in savings for the billionaire Sheldon Adelson. And that's not counting his heirs.
It’s hard being the next big thing -- just ask Myanmar.
Foreclosed properties in the U.S. cause only a modest decline on the home prices of nearby properties, and the effects go away a year after the distressed property is resold, according to a working paper by the National Bureau of Economic Research.
General Motors Company (NYSE: GM) may be losing money on the Chevy Volt at present, but the long-term benefits of early R&D in electric vehicles, improvements to brand image and improving sales volumes should ultimately make it a wise decision for the company.
Money managers BlackRock Inc., hedge fund Angelo Gordon & Co. and real estate investment firm Starwood Capital are among the firms making more than a 20 percent profit on sales of land they bought on the cheap during the economic downturn.
Crude oil futures slightly declined Monday as weak economic reports from the U.S. and China weighed on the sentiment.
China reported a trade surplus of $26.66 billion in August amid the slower-than-expected growth in exports and imports, raising concern that the world's second largest economy isn't doing enough to stimulate the economy and avert a slowdown.
China's factories ran at their slowest rate for 39 months in August, the government reported Sunday.
From Daimler trucks in Germany to tractors in Brazil, Rohit Saboo's Indian automotive parts are making their way into vehicles all over the world. But as he scales up exports to compensate for slowing growth at home, a lack of spending on innovation is undermining his sales pitch.
A slowdown in exports, a slump in the earnings of domestic companies and surging food prices cast downward pressure on the world's second-biggest economy in August as the China's National Bureau of Statistics reported Sunday that the Consumer Price Index rose 2 percent.
China's factories ran at their slowest rate for 39 months in August while a double-digit rise in fixed asset investment showed that infrastructure spending remained key to economic growth.
Asian stock markets posted their first weekly gains in three weeks as the European Central Bank's (ECB) announcement about its widely anticipated bond-buying program, and Chinese stimulus measures, triggered a rally on Friday.
Honduras is implementing a bold new plan to establish independent "charter cities" that will operate under separate laws in a bid to draw more foreign investment. Proponents says the plan will create thousands of jobs and spur economic development in the rest of Honduras, while critics say they will only open the door for corporations and other governments to exploit cheap labor and neoliberal tax laws.
Dubai International is rapidly becoming a major international connection. For ailing Qantas Airways Limited (ASX: QAN) the move of its European hub from Singapore to the UAE will help lower the cost of shuttling travelers back and forth between Melbourne or Sydney and London.
After breaking from decades of military rule, Myanmar's parliament ratified legislation promoting foreign investment on Friday, opening the southeast Asian country to investment from companies like MasterCard Inc. (NYSE: MA), the Coca-Cola Company (NYSE:KO) and General Electric Co. (NYSE: GE).
Square Enix’s cloud-based gaming portal Core Online was born out of a “selfish” need to grab more gamers, according to the company. While Square Enix would obviously want more people to enjoy their various titles including the upcoming “Hitman: Absolution” and “Tomb Raider,” the company also offers browser-based versions of games like “Mini Ninjas” and “Hitman: Blood Money.”
I have never been certain if tipping was simply a 'courtesy' or the 'law.'
The top after-market NYSE gainers Thursday were Cooper Companies, Sturm, Ruger & Co, Cedar Realty Trust, Lloyds Banking Group and Barnes & Noble, Inc. The top after-market NYSE losers were Infoblox Inc, Pandora Media, Resource Capital Corp, ExactTarget and Calpine Corp.
