July-September quarter reflects better than expected economic growth for India. Finance Minister Pranab Mukherjee said Monday. “It indicates response to initiatives taken by the government in various policy measures including injecting stimulus, which we did in three doses over the last 11 months”. “I hope this (economic growth) will be around 7% this year,” Mukherjee ...
US Federal Reserve Chairman Ben Bernanke on Tuesday said the US recession seemed likely to have ended. in August retail sales rise by 3.7% — the highest in three-and-a-half years. US industrial activity in August was at 0.8%, better than the expected 0.6%, and consumer prices rose a stronger-than forecast 0.4%. Japan’s Nikkei recorded ...
The U.K. retail sector is stabilizing but isn’t yet experiencing a proper recovery, high-street retailer Next PLC’s (NXT.LN) chief executive said Wednesday. “I don’t think we’re seeing a recovery, as that would infer positive like-for-likes [sales] and I think we’ll remain negative for the rest of the year. But the numbers aren’t getting any worse ...