To solve Greek-style crises, Europe needs more power over national governments. To keep the euro zone afloat, Germany has to put off the tax cuts German voters clearly want. To get EU growth going, Germany cannot do all the exporting.
Ignoring The Elephant In the Euro
What makes Greek problems so intractable is the fact that there’s little hope for growth for years to come, because Greek costs and prices are out of line and will need years of painful deflation to get back in line.
Greece says to probe U.S. banks role in debt crisis
Greece may investigate U.S. investment banks and their role in the run-up to the Greek debt crisis which has shaken faith in euro zone economies
EU prepares to vote on new hedge fund rules
Critics of the proposed changes say that, if approved, the laws would see many funds flee London to Switzerland or elsewhere outside the EU.
In the past few days, Merkel has repeatedly urged euro-zone countries to trim their budget deficits. She also called for greater cooperation in financial and economic policy across Europe to ensure the currency's long-term stability.
While a strong dollar lowers U.S. interest rates and sends down the price of dollar-denominated commodities such as oil, it also makes it harder for big U.S. exporters to sell their goods overseas.
China revaluation would hurt US: World Bank
Economists have warned for years that China's large reserves, currently more than $2 trillion, and large deficits in countries such as the United States posed a threat to global economic stability.
Forex reserves drop by $3.4 billion
Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies, such as euro, sterling and yen, held in the reserves, the RBI said.
Government, companies eye Rs 1.2 lakh cr from share sale: I-Sec
Share sale targets for the current financial year include IndianOil, MMTC, Coal India, SAIL, RINL, Shipping Corporation, Engineers India, Hindustan Copper, PowerGrid, Manganese Ore India and MMTC.
Shocker! Govt may cut income tax relief
This is to make up for the possible concessions the ministry may extend in other areas like exempting long-term savings from tax at the time of withdrawal and the way Minimum Alternate Tax is calculated, sources said
SBI net profit drops 21 per cent
Baring agriculture, the amount of NPA will keep going down, but the provisioning requirement may remain the same over the next few quarters,
Gas to Anil firm if available: FM
Mukherjee said the EGoM had fixed price for five years and decided on users for all the gas for this period. After this period and upon increase in availability, a new gas price may emerge.
Crude price could touch 3-digits in near future: Mukesh Ambani
"Crude oil prices are well above the $70 mark. We foresee an increase in crude price to three digits in the near future,"
Reliance and Russia's Sibur in rubber venture
The energy giant Reliance Industries Ltd and Russian petrochemical firm Sibur have agreed to set up a joint venture to make butyl rubber in India amid rising demand from the auto industry, the firms said on Sunday.
5 Indian oil cos may face US sanctions
The US administration has named India's oil and gas flagship ONGC and Indian Oil Corp among the 41 firms worldwide having energy ties with Iran, an act for which it may impose sanctions on them.
RComm Q4 net drops 20%
However, on a sequential basis, the company showed an improvement of 10% compared with a profit of Rs 1,108 crore in December 2009 quarter.
New urea policy will allay industry fears on gas price: Jena
Industry sources said at least half-a-dozen fertiliser firms have proposed to undertake expansion but expressed concern regarding pricing and firm availability of gas before taking final investment decision. There are 28 urea units currently operating with an installed capacity of 20 million tonne per annum.
Fertiliser imports in place before rains
India is the deciding factor and will decide the price movement, he added. Awasthi, who has been heading the company since 1993, said with overseas supplies assured, there was no scarcity of fertilisers in the country.
Indian pharma’s emerging foray
These markets are expected to grow at a pace of 14-17% through 2014, while major developed markets will grow at 3-6%, reports IMS Health. Importantly, they are expected to represent 12% of the global pharmaceutical market by 2011
DLF Q4 net surges, sees more growth
With the Indian economy projected to grow at a higher pace, we expect the real estate sector to further strengthen which will inturn strengthen DLF's growth across all segments.
DLF plans to sell non-core assets to reduce debt
Mr Chawala said the current debt equity ratio stands at 0.53:1, which will increase to about 0.75:1 in this quarter