Washington | 1 day ago
US consumer credit posts robust gain
Washington, May 8 - US consumer credit increased at an annual rate of 10.2 percent in March this year, fresh evidence of the ongoing recovery of the world's largest economy, the US Federal Reserve announced.The monthly consumer credit's increase in pace in March was quicker than a revised 4.4-percent rise in February. Total consumer borrowing rose from a revised $2.52 trillion in February to $2.54 ... read more

Washington | 14 days ago
US Fed hints at new steps to boost recovery
Washington, April 26 - US Federal Reserve Chairman Ben Bernanke Wednesday exuded frustration with the slow labor market recovery and hinted that the central bank was poised to take further moves to boost economic growth.The US economy has been expanding moderately and labor market conditions have improved in recent months. The unemployment rate has declined but remains elevated, the bank said afte ... read more

New York | 28 days ago
US stocks rebound on strong Alcoa earnings
New York, April 12 - US stocks rebounded Wednesday, snapping a five-day losing streak, after aluminum producer Alcoa reported better-than-expected earnings.The Dow Jones industrial average gained 89.46 points, or 0.70 percent, at 12,805.39. The Standard & Poor's 500 was up 10.12 points, or 0.74 percent, to 1,368.71. The Nasdaq Composite Index rose 25.24 points, or 0.84 percent, to 3,016.46, Xinhua ... read more

Mumbai | 1 month ago
Sensex rises 204 points on short covering, tax clarity
Mumbai, March 27 - A benchmark index for Indian equities markets Tuesday closed 204 points higher on short covering before the month's contract expiry and after reports that the government was not planning to tax all foreign investors except those who fail regulatory checks.The 30-scrip sensitive index - of the Bombay Stock Exchange -, which opened at 17,209.13 points, closed at 17,257.36 points, ... read more

Mumbai | 1 month ago
Sensex in see-saw trade, consumer durables, realty stocks up
Mumbai, March 27 - A benchmark index for Indian equities markets was trading in the green around Tuesday noon amid positive Asian cues and volatility. The 30-scrip sensitive index - of the Bombay Stock Exchange -, which opened at 17,209.13 points, was ruling at 17,113.94 points around 12.20 p.m., up 61.16 points or 0.36 percent compared to its previous close at 17,052.78 points. The Sensex had r ... read more

Washington | 1 month ago
`US economy impacted by European crisis'
Washington, March 22 - The crisis in the Euro zone has sent shockwaves in the US through trade and financial channels, given the important cross-Atlantic economic linkage, US Federal Reserve Chairman Ben Bernanke said Wednesday.The European Union accounts for roughly one-fifth of US exports of goods and services. The US exports to Europe over the past two years have underperformed our exports to t ... read more

Washington | 1 month ago
US lawyers' group warns of accumulated student loan debt
Washington, March 14 - The National Association of Consumer Bankruptcy Attorneys warned of the danger posed by the accumulated student loan debt in the US.A recent report from NACBA underlines a situation that the US Federal Reserve Bank of New York confirmed last week, namely that for the first time in US history the volume of student loans exceeds credit card debt and automobile purchase debt.NA ... read more

Washington | 1 month ago
Four US banks fail Fed stress test
Washington, March 14 - The US Federal Reserve said Tuesday that four major US banks have failed to pass its latest round of stress test.Citigroup, SunTrust, Ally Financial and MetLife have failed the stress test carried out by the central bank according to a series of stringent standards, Xinhua reported.The Fed said 15 of the 19 major bank holding companies - were estimated to maintain capital ra ... read more

Mumbai | 2 months ago
Markets under pressure, Sensex closes 168 points down
Mumbai, March 1 - Indian equities markets continued to reel under selling pressure after making robust gains in the first two months. A benchmark index Thursday closed 168 points down with traders off-loading realty, capital goods and banking stocks.The 30-scrip sensitive index - of the Bombay Stock Exchange -, which opened at 17,714.62 points, closed at 17,583.97 points, 168.71 points or 0.95 per ... read more

Washington | 2 months ago
US consumer prices go up
Washington, Feb 18 - Consumer prices in the US ticked up 0.2 percent in January, reported the Labor Department Friday.The Consumer Price Index -, which tracks inflation at the retail level, remained unchanged in December 2011, reported Xinhua.The report said that energy prices rose 0.2 percent in January. Gasoline prices rose 0.9 percent while food costs rose 0.2 percent last month. Excluding the ... read more