Double Dip Recession

Despite global woes Indian employee positive about economy

Double dip recession, fiscal cliff, debt crisis, none of these global threats impacted the sentiments of the average Indian employee to a large extent in 2012.

Pranab for concerted global action to tackle economic woes

Amid fears of double-dip recession, Indian Finance Minister Pranab Mukherjee today called for concerted action by G-20 nations to provide impetus to the world economy and deal with the related problems.

Fitch downgrades India growth to 7.5%, GDP to 2.6% for FY11

Fitch Ratings today marginally revised downwards the growth projection for the economy to 7.5% this fiscal due to weak global situation coupled with domestic concerns arising from inflation and series of rates hikes.

Global stocks, euro fall; gold gains on Europe worries

Asian stocks extended losses, partly dragged lower by a plunge in Hong Kong shares, and the euro fell on Monday on deepening concerns that the euro zone's debt crisis will dampen global growth.

Gulf Arab OPEC may tolerate oil below $90

Oil prices may be USD 20 off April's USD 127-a-barrel peak but there is no panic in Riyadh, Kuwait City or Abu Dhabi. Far from it. Oil policy officials in the capitals of OPEC's Gulf Arab price doves Saudi Arabia, Kuwait and the United Arab Emirates are relaxed and won't be losing sleep if prices fall further.

World Bank chief warns of spreading crisis

Protectionism and populist policies in the developing world could rise as countries face increasing head winds from a growing European sovereign debt crisis and a weakening economic recovery in the United States, World Bank President Robert Zoellick said on Thursday.

Looking for market bottom? Udayan says it's a long way

As globally trade continues to be turbulent, there is no sight of a bottom to the market in the near-term, says CNBC-TV18's managing editor, Udayan Mukherjee. He says the volatility and the edginess globally does not help in forming the market bottom right now.

US needs to borrow, spend more: Natwar Gandhi

The Chief Financial Officer of Washington DC, Natwar Gandhi, who is credited with turning around the financial fortunes of the US capital, on Monday said America needs to borrow more and spend more money in order to stimulate the economy.

Positive breakout for market on cards, says PN Vijay

PN Vijay, Portfolio Manager, tells CNBC-TV18 that the market is most likely to breakout of the tight range it is stuck in, on the positive side.

OECD head sees no global double-dip slump

The world economy is slowing down from earlier strength on a collection of factors such as the euro zone's debt problems and a weak US housing sector, but is not headed for a double-dip slump, the head of the OECD said on Monday.

Summers calls for new boost to US economy

Former White House aide Larry Summers on Sunday urged expanded tax cuts on US workers' wages, warning that America's economy was at risk of years of Japan-style stagnation without a further boost.

US economy at tipping point, double-dip risk: Shiller

Recent housing and employment data suggests the US economy is at a tipping point where a double-dip recession is possible and home prices could have much further to fall, a veteran economist said on Thursday.

Wall St Week ahead- Market stalls but investors calm

More bad days may be in store for stocks in coming weeks, but investors aren't pressing the panic button. Not yet.