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Rupee freefall: Here are five things you may want to know
May 24, 2012 at 15:53 | Source: Moneycontrol.com
The rupee hit a fresh record low of 52.38 to the dollar on Thursday, and there is nothing to suggest that the free fall will end any time soon. Dipankar Mitra of brokerage house Motilal Oswal in his report addresses five key questions relating to the slide in the currency:
UK recession deepens as euro zone woes mount
May 24, 2012 at 14:42 | Source: Reuters
Britain fell deeper into recession than first thought in the first quarter of this year after a sharp drop in construction output, raising the likelihood the Bank of England will need to inject more stimulus to protect the economy from the raging euro zone debt crisis
Peripheral European countries in deep recession: Jim Walker
May 21, 2012 at 09:00 | Source: CNBC-TV18
Though world leaders in the Group of Eight (G8) Summit pledged to keep the world economy intact, experts feel that it is likely to be of little help. With no consensus from Europe, experts warn that markets will be on tenterhooks on a possible Greek exit from EU.
Dollar at a high, watch out for Re at 55/$: BNP Paribas
May 16, 2012 at 14:57 | Source: CNBC-TV18
The Indian currency hit a record low on Wednesday, dropping as low as 54.36 to the dollar, breaching its previous record low of 54.30 set in December. Succumbing to the steep risk aversion in the global markets and the vulnerabilities of a challenging economy seem to have caught on the rupee.
Output falling, Euro zone heads for recession
May 14, 2012 at 15:42 | Source: Reuters
Output at factories in the euro zone unexpectedly fell in March, the latest in a series of disappointing numbers signalling that the bloc's recession may not be as mild as policymakers hope.
BoE stops QE, leaves key interest rate unchanged
May 10, 2012 at 16:42 | Source: Reuters
The Bank of England voted not to give Britain's struggling economy another cash injection on Thursday as concerns over stubbornly high inflation outweigh the risk of a prolonged recession and renew dangers from the euro zone debt crisis

Videos »
Peripheral European countries in deep recession: Jim Walker
Dollar at a high, watch out for Re at 55/$: BNP Paribas
Not possible to hit 8.5% growth without inflation: Gokarn
Bond yields hit 2-mth low, Nomura says 'don't sell yet'
15% order-book growth for L&T may remain a dream
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Greece has 7-8 months to turn around its recession-hit economy: PM advisor
ATHENS: Greece has seven to eight months to turn around its recession-hit economy and make use of EU funds and a landmark debt rollover or market fears will return, the prime minister's economic advi...
Mar 26, 2012 at 23:57 | Source: Economic Times
Papademos is new Greek PM, vows to stick with euro
Senior banker Lucas Papademos was appointed prime minister Thursday of an interim Greek unity government that seeks to cement a European debt deal and stave off national bankruptcy. Chosen after four...
Nov 10, 2011 at 22:26 | Source: NDTV Profit
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UK unemployment fall raises hopes recession-hit economy on mend
Unemployment declined by 45,000 in the three months to March, raising hopes that Britain's recession-hit economy is on the mend. The total number of jobless fell to 2.63 million, according to the Office for National Statistics, its lowest level ...
May 16, 2012 at 09:40 | Source: The Guardian
Congressional Budget Office Warns of Recession in 2013
which the tax would hit hardest, have always been a greater part of its constituency. The payroll tax cut was championed by President Obama, but the rationale for it -- an economy in recession -- is gone. And neither side ought to want another ...
May 23, 2012 at 23:58 | Source: Daily Finance
Greek exit from euro could plunge US into recession
If Greece leaves the euro, the U.S. economy could easily slip into recession. That cost is worth bearing ... As importantly, US banks and investors will take a hit from a further declining euro and reduced European bank lending activity in ...
May 24, 2012 at 15:22 | Source: FOX News
British Economy's Fall Into Recession Deeper Than Expected
The prospect of fresh action to boost the flagging British economy loomed larger on Thursday after official figures showed a steeper fall in activity than previously thought and the crisis-hit euro zone ... clear that this is a recession made in Downing ...
May 25, 2012 at 01:09 | Source: Free Internet Press
Britain’s recession deeper than expected
The British economy is in recession, defined as two successive quarters of contraction ... Household expenditure has been hit by high inflation, sluggish wage growth and soaring unemployment. However, government spending surged by 1.6 percent in the ...
May 23, 2012 at 23:58 | Source: The Vancouver Sun
More Bad News for the U.K. Economy
That is not good news. This highlights how weak underlying demand is in a recession hit economy, and what a struggle it’s going to be to boost growth and emerge from it. And, the outlook for May is poor. The Confederation for British Industry ...
May 23, 2012 at 10:44 | Source: Wall Street Journal
Hopes of a shallow recession cut short
The economy sank deeper into a double-dip recession in the first three months of this year ... The construction sector has been hit the hardest with output down by 4.8% - the steepest decline in 11 years. Today's figures put even more pressure ...
May 24, 2012 at 17:45 | Source: ITV
Recession generation can’t launch careers
More than half of the 18- to 24-year-olds surveyed in March by the Pew Research Center said they live with parents now or had recently because of the economy ... the unemployment rate for young adults hit its highest point since 1948, when ...
May 26, 2012 at 19:44 | Source: Dallas Morning News
UK recession deepens as GDP shrinks
The British economy has now returned to a technical recession, defined as two successive quarters ... Household expenditure in Britain has been hit by high inflation, sluggish wage growth and soaring unemployment. However, government spending ...
May 24, 2012 at 09:24 | Source: France 24

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