Retail giant Walmart reported 9 percent growth in its quarterly profit on strong sales at its international operations and raised its fiscal 2011 earnings outlook.
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.
President Barack Obama's 10-day Asian tour has been dubbed a failure by media owing to key failures in binding together the much-awaited free trade pact with South Korea and the inability to persuade a majority of the G-20 nations to support the U.S. position on current account imbalances.
U.S. economic policy is stuck in the pre-1970s era, which had higher population growth. Before 2008, this outdated policy caused boom-and-bust cycles. Now, it is failing to boost economic growth and possibly endangering the world financial system.
U.S. consumer sentiment rose more than expected in November, boosted by stronger holiday sales, according to the Thomson Reuters/University of Michigan survey.
Leadxers' Declaration
Indian economy is likely to grow 8.5 percent in the current financial year and 9 percent in 2011-12, said Prime Minister Manmohan Singh on Friday in a speech at the plenary session of the G20 summit in Seoul.
Dear Sam: I read your column last week titled Baby Boomers Beware and it really spoke to me. Having been laid off earlier this year I entered the job search arena knowing very little about conducting a 21st century search, let alone constructing a résumé. As a 55-year-old candidate, I found it difficult to present my value without telling my audience how old I was.
Most of senior executives expect only modest business growth over the next 12 months due to sluggish growth expectations for developed economies and increasing cost pressures from rising labor costs and input prices, a survey showed.
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.
The joint statement by participating companies at the G20 business summit in Seoul, Korea, as of Nov. 11, 2010
Two things are always present at G20 summits: the gathering of the most powerful international elites and the gathering of common citizens and workers to protests against them.
The US Federal Reserve' s quantitative easing can lead to asset bubbles as the money goes in search of equity, property and other such assets in a low-interest rate scenario, said Kaushik Basu, chief economic advisor to India's finance minister.
QE2 is a rising tide that lifts all boats. The boats, in this case, refers to asset prices. Unfortunately, some asset rallies, particularly those in consumer and industrial commodities, are bad for the real economy,
Unemployment rate in the US remained constant for the third month in October, while nonfarm payroll employment rose more than expected, according to a report by the US Labor Department.
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.
China announced on Friday tax incentives for small businesses in a bid to raise employment levels in the country.
Behind the scenes, China and the U.S., two major combatants, may already have already struck an agreement, said Douglas Borthwick, head trader of Connecticut-based Faros Trading.
U.S. consumers return to luxury stores despite concerns over high unemployment and a double dip recession.
In the current economic malaise of high pervasive unemployment and growing uneasiness over immigration, the H-1B visa program (among others) has come under tremendous criticism.
President Barack Obama on Saturday urged changes in the U.S. tax code that would allow the government to collect taxes on companies that create foreign jobs.
Futures on major U.S. stock indices point to lower opening on Friday ahead of key U.S. monthly non-farm payrolls and unemployment data from the government.
