PRAGUE — Fears that the debt crisis could migrate to central Europe were stirred Friday after a senior Hungarian government official said the previous government had manipulated budget figures and lied about the state of the economy, but most financial experts dismissed the remarks as a…

Read More..

By Leah Schnurr NEW YORK (Reuters) – Stocks sank on Friday after the economy added fewer-than-expected jobs in May, while a possible new debt crisis in Hungary added to the gloom. Data showed the U.S. economy added fewer-than-expected jobs last month, with a large portion of those…

Read More..

Nifty today braked its 200 DMA of 5003 and ended at 4970, falling 116 points, Sensex slipped 372 points at 16,572. The Sensex was in the red for the whole day. However, a freak trade, possibly in Reliance, saw the Sensex plunging over 600 points to a low of 16,318, trading error in index…

Read More..

The gross domestic product (GDP) or gross domestic income (GDI) is a measure of a country’s overall economic output. It is the market value of all final goods and services made within the borders of a country in a year. It is often positively correlated with the standard of living, …

Read More..

Washington: British Petroleum (BP) failed to seal off the oil gusher in the Gulf of Mexico after three days of trying the so-called top kill effort, BP chief operating officer Doug Suttles has said. The growing ecological disaster – the largest marine oil spill in US history &#…

Read More..

Move aimed at luring more investors to the market. The National Stock Exchange (NSE), the country’s largest bourse, plans to offer a new system for short sales within the next few weeks, a move aimed at luring investors to the local market after expanding in the US and Singapore. The c…

Read More..

The markets pared gains at close as realty, metals fell apart, however, the Reliance group stocks ended on a firm note following the Ambani brothers truce. The Indian bourses today pared all its gains and slipped into the red towards the end of the trading session owing to weakness in …

Read More..

As many as 158 persons were killed when an Air India Express Boeing plane from Dubai with 166 passengers and crew on board overshot the touchdown point during landing at the Bajpe airport here, crashed down a cliff and burst into flames. Eight persons miraculously survived one of the cou…

Read More..

By Pedro Nicolaci da Costa WASHINGTON (Reuters) – Europe’s debt crisis poses a “potentially serious” risk to the U.S. economic recovery because it threatens global credit markets and large American banks, a top Federal Reserve official said on Thursday. Fed Gover…

Read More..

New Delhi: The Indian exchequer is set to swell by Rs 67,718.95 crore ($ 15 billion), with the conclusion on Wednesday of auctions for the crucial airwaves for third generation (3G) telecom services by private players. The amount bid after 183 rounds of the 34-day auction is sharply high…

Read More..