| Spend less, save more: Obama to Americans | 22-NOV-09 |
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| As the US tries to emerge from a deep economic recession, President Barack Obama today told Americans to save more and spend less so as to bring the federal deficit under control. |
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| Tentative recovery raises questions about reforms | 21-NOV-09 |
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| As countries around the globe recover from the recession, international leaders have asked for necessary restructuring of the global economy on the opening day of the World Economic Forum's summit on global agenda here. |
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| SAIL again delays Rs 70,000-cr mega expansion plan | 20-NOV-09 |
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| The global recession and the resultant demand slump has delayed Steel Authority of India's (SAIL) ambitious Rs 70,000-crore expansion plan for the second time in as many months, as it would now be completed by 2012-13 only. |
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| Employee morale in US low: survey | 18-NOV-09 |
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| Nearly a quarter of the employers in the US believe that their current employee morale is low as the ripple effects of economic recession — longer working hours and higher stress levels — still persist, a survey says. |
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| Japan's eco posts strongest growth since 2007 | 16-NOV-09 |
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| Japan's economy grew at the fastest pace in two and a half years in the third quarter of 2009, smashing market forecasts and extending a recovery from the worst downturn in decades, data showed today. |
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| EU grows out of recession | 14-NOV-09 |
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| Europe’s deepest recession since World War II officially ended on Friday, as data showed the European Union was growing once again, following five straight quarters of contraction. |
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| Shankar Acharya: Exit policy and all that | 12-NOV-09 |
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| Since the summer of 2009 the world economy has begun to climb out of the Great Recession of 2008-09, much sooner than most people believed possible in the grim months of autumn 2008. Even the US turned the corner in the quarter ending September, registering annualised growth of over 3 per cent. The Asian behemoths of China and India suffered “only” a growth recession and an upswing is now clearly under way, rapidly in China and more sedately in India. |
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| Barclays to increase workforce by 10% in Asia | 09-NOV-09 |
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| "We've seen very strong performance across Asia for all our business classes...We would expect our workforce to increase across Asia by 10 per cent," Barclays Chairman and CEO Asia Pacific Robert A Morrice told reporters on the sidelines of the India Economic Summit here. |
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| Renaissance after recession! | 05-NOV-09 |
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| Indian home in celebrating this year’s festival of lights. While families gathered to pray to the Goddess of wealth, manufacturers and retailers alike breathed a sigh of relief, after the tumultuous last few months. Kishore Biyani’s claims of a “bumper season” with electronics and consumer durables flying off the shelves, further added to the buoyancy of the economic environment. Consumer durables companies like Samsung and Godrej Appliances spoke of 40 per cent and 30 per cent expected growth over the same period last year. Some business dailies reported that retailers were witnessing a 45 per cent increase in footfalls and 30 per cent increase in sales! And finally, as results from the second quarter rolled in, one after the other, there was ringing in of hope and optimism that the festivities will end the dry spell retailers have been facing since the end of last year. |
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| Indian businesses back distinct role for finance as they drive out of the recession | 04-NOV-09 |
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| The report is based on research by the CIMA Centre of Excellence at the University of Bath School of Management and reflects the informed opinions of over 4,500 finance professionals and senior management, both finance and non-finance, around the world, including 173 Indian respondents. While their views are aligned to high-profile reports that have argued outsourcing, IT developments and a shift towards “business partnering” would occur, they fly in the face of the notion that the finance role would lose its separate identity as a result. |
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| EU to come out of recession this year | 03-NOV-09 |
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| The European Union (EU) today said the region's economy will climb out of recession this year, on the back of improving financial conditions, even as the outlook for future growth remains uncertain. |
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| Exports drop by 13.8% in September | 03-NOV-09 |
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| India's exports remained downhill for 12 months in a row, declining by 13.8 per cent to $13.6 billion in September, but the damage to exports inflicted by recession in big markets seems to be bottoming out. |
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