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Daily wage workers wait for employment on a street side at an industrial area in Mumbai

India's unemployment rate at 9.4 pct in 2009-10: Govt survey

The unemployment rate in India is estimated at 9.4 percent or 94 percents out of 1000 persons in the labour force for the fixed reference period of financial year 2009-10, according to employment-unemployment survey by the Labour Bureau under the Labour and Employment Ministry.
Traders are pictured at their desks in front of the DAX board at the Frankfurt stock exchange

US stocks advance in early trade

Stocks on major U.S. indices opened higher as takeovers and faster-than-estimated growth in retail sales fueled optimism in the economy.
A customer shops in the expanded baby department at a remodelled Sam's Club in Rogers, Arkansas

US Oct. retail sales rise more than expected

U.S. retail and food services sales rose more than expected for the fourth consecutive month in October, mainly spurred by a rise in auto and other motor vehicle dealer sales, a report from the U.S. Commerce Department stated.
A bank employee counts U.S. hundred dollar bills

Dollar rises on expectations, but weak numbers may trigger QE3 move

US dollar strengthened across the board on Monday on expectations of good data signaling recovery, but investors are also cautious that any negative surprise could trigger market worries about more bond buyback by the Fed, sparking off the quantitative easing (QE3) talks.
President of Deutsche Bundesbank Axel Weber answers journalists questions

Australia, New Zealand dollars at fresh lows on EU debt concerns; China, EU officials watched

Concerns over Europe's debt risks felled Australian and New Zealand dollars - Asia Pacific's major risky currencies - on Monday, while growing fears that China may raise rates further dampened the sentiment. Market is keen on any fresh developments from Europe, with many important EU officials, including Alex Weber of ECB, scheduled to speak on the first day of the Euro Finance Week held November 15-19 in Frankfurt, Germany.
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Majestic Wine interim profits up 20 pct; lifts dividend

Majestic Wine Plc, UK's largest wine warehouse chain, reported a 20 percent rise in first-half pretax profit as sales rose on substantial increase in active customers, and the company lifted its interim dividend by 17.9 percent to 3.3 pence.
Cotton

Now crops too can go 'Wireless'

For most, the word Wireless invokes various thoughts from accessing mails in a coffee shop to chatting with long distance friends on the touch or booking tickets at a go. Can anyone dream of Wireless Agriculture?
Macy’s make extensive plans for coming holiday season.

Macy’s makes extensive plans for holiday season

Following its annual tradition of celebrating the magical season of Christmas, Cincinnati-based Macy's Inc. on Tuesday announced a series of special events and displays for children and adults alike.
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DLF Q2 net profit down 5 pct

DLF Limited, India’s largest real estate company, said on Thursday its consolidated net profit fell 5 percent to 4.18 billion rupees for the second quarter as compared to 4.4 billion rupees for the same quarter last year.
UK's Cameron seeks to double trade with China

UK-Korea seek increased trade and investment

Britain’s Prime Minister David Cameron and South Korean President Lee Myung-bak agreed to increase trade and investment between the two countries in a meeting prior to Thursday’s opening of the G-20 summit in Seoul.
U.S. Federal Reserve Chairman Ben Bernanke listens to questions as he testifies before a House Financial Services hearing on the "Monetary Policy and the State of the Economy" on Capitol Hill in Washington

What exactly is QE2?

Michael Yoshikami, president and chief investment officer of YCMNET Advisors in Walnut Creek, Calif. discusses what exactly QE is, why it may be needed and its potential impact.

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