Just how fast can India grow? Ask Manal Farooq, who can’t make gloves quickly enough.
“We are facing a major problem,” said Farooq, a senior executive at Marvel Gloves Industries, which produces 3 million pairs of gloves a month, most used in industrial production in India. “Despite importing gloves we are not able to meet demand.”
The [...]
Posts Tagged ‘businesses’
India aims to be world’s fastest growing economy
March 11th, 2010 by Financial Writer
Tags: businesses, economic survey, great recession, growing economy, household, india
more...Low inflation gives Fed room to keep rates down
February 20th, 2010 by Financial Writer
The Federal Reserve seems likely to keep interest rates at record lows for several more months after news Friday that consumer prices excluding food and energy fell in January.
It was the first time such prices have fallen in any month since 1982.
The tame report on consumer prices sent a positive signal to investors and borrowers. [...]
Tags: borrowers, businesses, Dow Jones Industrial, economic recovery, Federal Reserve, global financial markets, investors, low inflation
EU’s Almunia says antitrust rules important in crisis
February 15th, 2010 by Financial Writer
Joaquin Almunia, the EU’s newly-appointed competition chief, said on Monday the economic crisis was no excuse for loosening strict antitrust rules and reducing fines for violations that critics say are too high.
Almunia, the former monetary affairs commissioner who took over the competition portfolio from Neelie Kroes last week, outlined his priorities at an industry event [...]
Tags: businesses, economic crisis, european commission, joaquin almunia
Obama unveils $3.83T budget with massive deficits
February 1st, 2010 by Financial Writer
President Barack Obama sent Congress a $3.83 trillion budget on Monday that would pour more money into the fight against high unemployment, boost taxes on the wealthy and freeze spending for a wide swath of government programs.
The deficit for this year would surge to a record-breaking $1.56 trillion, topping last year’s then unprecedented $1.41 trillion [...]
Tags: barack obama, businesses, great depression, inflation, unemployment
Durable goods orders climb while jobless claims dip
January 28th, 2010 by Financial Writer
New orders for long-lasting U.S. manufactured goods edged higher last month and the number of workers filing applications for jobless aid fell last week, indicating the economy remains on a steady recovery path.
The Commerce Department said on Thursday durable goods orders rose 0.3 percent in December, held back by a surprise drop in civilian aircraft [...]
Tags: businesses, economic recovery, us economist, us manufactured, us stocks
Economic survey: Slow recovery continues
January 25th, 2010 by Financial Writer
Businesses expect to boost hiring and capital spending in the first half of the year as the U.S. recovery from the recession slowly continues, according to a new survey.
Since the fall of 2009 demand has edged higher in the goods-producing, finance and real estate industries, while other sectors such as transportation are seeing less drastic [...]
Tags: business economics, businesses, economic, real estate industries, recession, us recovery
Ahead of the Bell: Business Inventories
January 14th, 2010 by Financial Writer
Businesses, after slashing inventories for over a year, likely boosted stockpiles for a second-consecutive month in November. The hope is that businesses will begin restocking their depleted shelves, helping to support the economic recovery.
Economists surveyed by Thomson Reuters expected inventories to rise by 0.2 percent November. The Commerce Department will release the report at 10 [...]
Tags: business inventories, businesses, economic recovery, recession, stockpiles
House passes tax hike for investment managers
December 9th, 2009 by Financial Writer
The House voted Wednesday to slap higher taxes on Wall Street investment managers to help pay to extend $31 billion in tax breaks for Americans, including popular deductions for local and state sales and property taxes.
The 45 tax deductions and credits for businesses and individuals are scheduled to expire at year’s end. The House voted [...]
Tags: businesses, businesses finance, investment managers, real estate
GE returns to its roots as it spins off NBC
December 2nd, 2009 by Financial Writer
For General Electric Co., the NBC entertainment division was always an odd fit.
One of America’s iconic industrial businesses, GE has spent 23 years making sitcoms and blockbuster movies along with jet engines, dishwashers and light bulbs. The pairing of glitzy entertainment and gritty manufacturing has often confounded investors and even has been ruthlessly satirized by [...]
Tags: businesses, financial crisis, iconic industrial, real estate, recession
Stocks fall in early trading as dollar rises
November 20th, 2009 by Financial Writer
The stock market lost ground for a third straight day as investors grew increasingly uneasy about a rising dollar and spiking demand for the safest government debt.
With little U.S. economic news to help sway the market Friday, the dollar again drove trading. A strengthening dollar curtails foreign demand for commodities, which are often traded in [...]
Tags: businesses, Debt, investors, rising dollar, us economic