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India's economy probably grew last quarter at the slowest pace in 2 1/2 years as the highest interest rates since 2002 restrained consumer spending.
Asia's third-largest economy expanded 8.1 percent in the three months to March 31 from a year earlier, less than the previous quarter's 8.4 percent gain, according to the median forecast […]
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Starting a hedge fund was long considered the road to riches for money managers, but the path has become much rockier in the last months.
“It is materially harder to start a hedge fund today than it was two or five years ago,” said David Bailin, who heads Bank of America Corp’s (BAC.N: Quote, […]
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Italian business confidence rose for the first time in seven months in May after Silvio Berlusconi won the April national election and manufacturers' orders improved, lifting the prospects for higher production.
The Isae Institute's business confidence index rose to 89.6, the highest since February, from a revised 87.6 in April, the Rome-based research center […]
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Italy's economy grew in the first quarter, avoiding a fourth recession in a decade, even as a slump in consumer spending clouds the outlook for the rest of the year.
The $2 trillion economy, Europe's fourth-biggest, expanded 0.4 percent after contracting the same amount in the fourth quarter when consumer spending fell 0.2 percent, […]
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Japan's export growth quickened more than economists estimated in April as shipments to Asia and emerging markets helped the nation weather the U.S. slowdown.
Exports, the driver of more than half of last quarter's expansion, rose 4 percent from a year earlier after climbing 2.3 percent in March, the Finance Ministry said today in […]
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U.S. Senate Banking Committee leaders moved closer to passing housing legislation that would stem foreclosures by insuring as much as $300 billion in mortgages and create a new regulator for Fannie Mae and Freddie Mac.
Senators Christopher Dodd, the panel's chairman, and Richard Shelby, its top Republican, reached a deal to pay for the […]
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Iceland was offered an emergency loan by the central banks of Denmark, Sweden and Norway to shore up the krona and avert an economic collapse.
The currency rallied 3.7 percent against the euro after the banks agreed to provide 1.5 billion euros ($2.3 billion), which would double the Atlantic island's foreign currency reserves.
The […]
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New Zealand's first-quarter retail sales fell by the most in 11 years, putting the nation on the brink of a recession and increasing the prospect the central bank will cut interest rates from a record high.
Retail sales volumes fell 1.2 percent in the three months ended March 31, the biggest decline since 1989, […]
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South Korea's Vice Finance Minister Choi Joong Kyung said accelerating inflation is mainly due to rising oil and grain prices, adding pressure on the central bank to lower interest rates to support economic growth.
“The government's task is to prevent the economy from going down further and to also control prices at the same […]
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Index funds and exchange-traded funds are still a mystery to most investors. That’s because passive investing – a strategy of trying to match an index rather than beat the index – is still fairly new.
Canadians held $10.4 billion in index funds and $17.9 billion in exchange-traded funds last year, according to research by Investor Economics […]
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