MANUFACTURING

Manmohan Singh

Indian economy growth exceeds expectations

The Indian economy outpaced growth expectations in the third quarter to grow more than in the second quarter, boosted by stronger manufacturing growth and construction, according to data released by the government.
Precious metals and USD index as on November 24

PRECIOUS ROUNDUP- Silver set to be best performer in November

The week to November 24 was marked by tensions in Korean peninsula that prompted investors to flee from risky assets to safer avenues like US dollar and gold, helping the yellow metal outshine its colleagues in the precious group. However, silver and palladium remained strong in the month, mainly helped by demand for cheaper alternatives in jewelry and industrial applications.
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A man walks past a hiring sign in Virginia

It’s hiring stupid! Adding 200,000 jobs a month is the real test

The fall in initial jobless claims in the U.S. to the lowest level since July 2008 is not a right pointer to a possible labor market recovery, according to an analyst, who says the true test for the economy is the creation of anything above 200,000 payroll jobs in a month.
An employee of a computer shop poses with a SanDisk compact flash memory card

Sandisk upgraded to 'outperform' at RW Baird

Robert W. Baird upgraded shares of Sandisk, to 'outperform' from 'neutral', citing expectations of stable gross margin for 2011 and significantly better-than-seasonal NAND pricing for first half of 2011.
Mexico's Finance Minister Cordero attends a news conference in Mexico City

Mexico's recovery slows down

Mexico’s economy expanded by 5.3 percent on an annualized basis, significantly below the 7.6 percent growth recorded in the second quarter, the country’s INEGI statistical office INEGI showed on M
Ford

Despite the hype surrounding GM, Ford is the better buy: Analyst

Despite the hugely successful initial public offering General Motors (NYSE: GM) underwent last week, the company still has numerous questions surrounding it, particularly its huge pension liabilities. As such, David Silver, an equity research analyst at Wall Street Strategies in New York, believes that Ford Motor Co. (NYSE: F) is the better auto company and more attractive stock right now.
Daily wage workers wait for employment on a street side at an industrial area in Mumbai

Unemployment the greatest economic challenge: WTO chief

The most serious [economic] challenge today is that of unemployment, said Pascal Lamy, the director-general of the WTO. Lamy urges countries to expand global trade, instead of clamping down on it, to create more jobs for everyone.
Trader

Stocks soar on GM offering, Irish bailout hopes

Stocks surged, buoyed by the successful huge initial public offering of General Motors (NYSE: GM), reports that the Republic of Ireland will receive a bailout to solve its troubled banking system and better-than-expected manufacturing activity data.
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Will Russia emerge as the next hot spot for MBAs?

A recent study has put Russia ahead of its Western Europe counterparts as a hot MBA recruitment destination. Retaining the momentum in hiring for the second year, it has shown a steady 22 per cent growth in MBAs recruited, according to QS TopMBA Jobs Index.
U.S. hails "major victory" in tires spat with China

Congressional panel advises tougher stance against China

A congressional advisory panel has recommended that politicians in Washington D.C. pressure the Obama administration into more forceful action against China for keeping its currency artificially undervalued and, thereby, worsening the trade deficit of the U.S.
Roche

Roche to slash 4,800 jobs amid healthcare cost pressures

Swiss pharma giant Roche said it plans to cut 4,800 jobs worldwide over the next two years due to mounting cost pressures in healthcare -particularly in the US and Europe - and increasing hurdles for the approval and pricing of new medicines.

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