Washington | 14 days ago
US gas exports a 'win-win' proposition: Indian envoy
Washington, May 8 - India's ambassador Nirupama Rao has asked the US to start exporting liquefied natural gas - to India and other energy scarce countries, calling it a 'win-win' opportunity.As shale gas has become economically viable to produce, the US has emerged as one of the world's most important gas producing countries, she noted in a keynote address at the American Enterprise Institute - on ... read more

Washington | 18 days ago
US unemployment rate drops
Washington, May 4 - US unemployment rate edged down to 7.5 percent in April from 7.6 percent in March, its lowest level since December 2008, the Labor Department reported.Total non-farm payroll employment increased by 165,000 last month, with the private sector creating 176,000 jobs last month. US governments at all levels shed 11,000 jobs last month against the background of government spending c ... read more

Washington | 19 days ago
US trade deficit shrinks
Washington, May 3 - The US trade deficit declined by 11 percent in March to $38.8 billion due to a drop in crude oil imports, the Commerce Department said Thursday.Imports fell overall by 2.8 percent to $223.1 billion, the largest decrease since 2009.Exports, meanwhile, were down 0.9 percent to $184.3 billion, due to a drop in sales of machine parts, computers and farm products.The US trade defici ... read more

Mexico City | 20 days ago
Mexico's economy grows
Mexico City, May 2 - Mexico's gross domestic product grew at an annual rate of 1 percent in real terms in the first quarter of this year after expanding at a 3.2 percent rate in the final three months of 2012, the government said.The economic growth numbers were included in reports on the economy, public finances and public debt submitted by the Finance and Public Credit Secretariat to Congress.Th ... read more

Seoul | 22 days ago
South Korea's industrial output reduces
Seoul, April 30 - South Korea's industrial output reduced last month as external uncertainties such as slow growth in major economies weighed on the export-driven economy, a government report showed Tuesday.Production in all industries, including manufacturing, service, construction and public administration sectors, fell 2.1 percent in March from a month earlier after rising 1.1 percent in the pr ... read more

Washington | 22 days ago
Welcome high skill workers or lose them: US think tank
Washington, April 30 - Citing the significant contributions of immigrants from India, a leading US think tank has suggested that America must roll out the welcome mat to high skill workers to remain competitive and innovative.While much of the congressional immigration reform debate is focused on a 'path to citizenship' for 11 million illegal immigrants, including some 260,000 Indians, a proposal ... read more

26 days ago
Why Boston killings got more coverage than any other story
Many people noticed that the international media was shockingly selective in its news coverage this month. This columnist knows the mindset of foreign correspondents intimately, so here's an EXCLUSIVE INTERVIEW on the subject that just took place in a dark corner of my imagination.Q: Hundreds of people were killed recently in tragic bombings and earthquakes, particularly in Asia. Why did the globa ... read more

Bangalore | 1 month ago
US economy improving but Europe volatile: Premji
Bangalore, April 19 - Amid global uncertainty and challenging environment, latest data shows improvement in the US economy while debt-ridden Europe remained volatile, Wipro chairman Azim Premji said Friday.The overall macro-economic data in the US seem to be improving, while in Europe, the economic backdrop remains very weak and will remain volatile, Premji told reporters here.Though sentiments in ... read more

Washington | 1 month ago
US retail sales down
Washington, April 13 - US retail and food services sales unexpectedly recorded their biggest fall in nine months in March, the Department of Commerce reported.The department said the combined retail and food services sales in March dropped 0.4 percent to a seasonally adjusted $418.3 billion. It followed a 1 percent gain in February, reported Xinhua.In March, sales of motor vehicles went down 0.6 p ... read more

Washington | 1 month ago
US retail sales down
Washington, April 13 - US retail and food services sales unexpectedly recorded their biggest fall in nine months in March, the Department of Commerce reported.The department said the combined retail and food services sales in March dropped 0.4 percent to a seasonally adjusted $418.3 billion. It followed a 1 percent gain in February, reported Xinhua.In March, sales of motor vehicles went down 0.6 p ... read more