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Mumbai attack to hit business visits, tourism from US
New York, Dec 1 (IANS) The flow of visitors to India from the US and other parts of the Western world - both for business and tourism - is likely to be badly hit in the aftermath of the terrorist attack in Mumbai that killed more than 180 people.
Citigroup selling NikkoCiti: report
New York, Nov 30 (IANS) US banking giant Citigroup has decided to sell off NikkoCiti Trust and Banking Corp, its custodian administration arm in Japan, in a bid to overcome the financial crisis it is facing, The Wall Street Journal said Sunday.
'Mumbai terror strikes meant to hit Indian economy'
New York, Nov 28 (IANS) The Indo-American Chamber of Commerce of Greater Houston (IACCGH) Friday said the terrorist strike on Mumbai, India's financial capital, is an attack on the country's economy.
Trade, commerce hit as terror strikes India's commercial hub
Mumbai, Nov 27 (IANS) Trade and commerce in India's commercial and entertainment capital came to a halt Thursday with offices shut and trading suspended on all bourses after terror struck this metropolis since the previous night, leaving 101 people dead and more than 250 injured.
Oil prices to be slashed after assembly polls: Deora
New Delhi, Nov 25 (IANS) The government could reduce fuel prices after the assembly elections end next month, Petroleum Minister Murli Deora said here Tuesday.
“We have to reduce oil prices after the assembly elections end,” Deora told reporters.
Wall Street rallies after Citi's bailout plan, Obama's new team
New York, (IANS) Buoyed by the US government's massive rescue plan for Citigroup and announcement of President-elect Barak Obama's economy team, Wall Street rallied behind Monday soaring to a new high.
Economy to grow around 7.5 percent, job market safe: Ahluwalia
New Delhi (IANS): Despite an uncertain economic outlook, India is expected to grow around 7.5 percent this fiscal and the total number of jobs will not go down, a top government official said here Tuesday.
Wall Street surges after two-day fall
New York, (Xinhua) Wall Street rallied Friday after reports that US president-elect Barack Obama plans to name New York Federal Reserve President Timothy Geithner as treasury secretary.
Nationalisation helped Indian banks withstand crisis: Sonia Gandhi
New Delhi, Taking a dig at Western societies, Congress president Sonia Gandhi Friday said the same countries that had denounced the nationalisation of banks by then prime minister Indira Gandhi long ago were resorting to similar steps now to bail out their financial sector.
Citigroup weighing sell-off option:
New York, With the stocks of Citigroup dipping a record 26 percent in a single day Thursday, its top executives are now look at various options including auctioning off its various wings or even outright sale of the company, the Wall Street Journal said Friday.