Comments from industry, experts on India's growthAugust 31st, 2009 NEW DELHI - The following are some comments by experts and representatives of Indian industry on India's gross domestic product (GDP) during the first quarter of this fiscal, which expanded 6.1 percent:
Montek Singh Ahluwalia, Deputy Chairman, Planning Commission: It is consistent with what we have been maintaining. This definitely shows the worst is finally over.
Trade group says trucking shipment index rose by 2.1 percent last month, but still volatileAugust 26th, 2009 Freight demand up, but not out of the woodsNEW YORK — The trucking industry's main trade group said Wednesday a key index measuring U.S. trucking shipments rose by 2.1 percent last month, but a top economist warned that the industry — and the broader economy — isn't out of the woods yet.
Worker found dead at Calif. food processing plant; authorities believe death was accidentalJuly 22nd, 2009 Woman found dead at Calif. food processing plantINDUSTRY, Calif.
Tension in Bihar town after schoolboy is found deadJuly 20th, 2009 PATNA - Tension prevailed in a town in Bihar's Vaishali district Monday as residents protested the death of a schoolboy, found dead in the bathroom of the school hostel Sunday. His parents alleged criminal negligence by the school authorities.
New home sales unexpectedly drop of 0.6 percent in May as demand for housing remains sluggishJune 24th, 2009 May new home sales dip 0.6 percentWASHINGTON — New U.S. home sales dipped slightly last month, in another sign that the housing market recovery is likely to be gradual and prolonged.
Florida woman pleads guilty to collecting dead mother's Social Security benefitsJune 23rd, 2009 Woman pleads guilty, took dead mother's benefitsFORT PIERCE, Fla. — A Florida woman accused of hiding her dead mother's body and collecting federal benefits for six years has pleaded guilty to a theft charge.
Existing home sales rose 2.4 percent in May; prices plunge 16.8 percentJune 23rd, 2009 May existing home sales rose by 2.4 percentWASHINGTON — Sales of previously occupied homes rose modestly from April to May, the third monthly increase this year, but signs of a housing recovery are fragile at best. The National Association of Realtors said Tuesday that home sales rose 2.4 percent last month to a seasonally adjusted annual rate of 4.77 million, from a downwardly revised pace of 4.66 million in April.
Existing home sales rise 2.4 percent in May; prices plunge 16.8 percentJune 23rd, 2009 May existing home sales rise less than expectedWASHINGTON — Sales of previously occupied homes rose modestly from April to May, the third monthly increase this year, but signs of a housing recovery are fragile at best. The National Association of Realtors said Tuesday that home sales rose 2.4 percent to a seasonally adjusted annual pace of 4.77 million, up from a downwardly revised rate of 4.66 million in April.
Police say 61 illegal miners found dead in abandoned South African shaftJune 2nd, 2009 Police say 61 miners found dead in South AfricaJOHANNESBURG — Police say the bodies of another 25 illegal miners have been brought up from an abandoned shaft where 36 others had been found dead over the weekend in central South Africa. Police are calling on relatives to help identify the 61 victims who died searching for gold.
Clive Granger, U. of Calif. economist who shared Nobel for work with statistics, dies at 74June 2nd, 2009 Nobel-winning economist Clive Granger dies at 74SAN DIEGO — Economist Clive W.J. Granger, who shared a Nobel Prize for work that changed how analysts look at financial data, has died in San Diego.
Next decade to belong to Indian and Chinese consumersMay 26th, 2009 TORONTO - The next decade belongs to Indian and Chinese consumers, forecasts a new economic outlook report. Further, the US will see the return of inflation and stocks and resource prices will boom as Asian consumers splurge in the next decade, says the new economic outlook report by Canadian Imperial Bank of Commerce (CIBC) here Monday.
Economist on leave from FDIC charged with trying to rob Kansas City-area bankMay 14th, 2009 FDIC economist charged with trying to rob bankKANSAS CITY, Mo. — An economist on leave from the federal agency that insures bank deposits has been charged with the April 11 attempted robbery of a Kansas City-area bank.
Canada unexpectedly adds 35,900 jobs in April, analysts expected 50K declineMay 9th, 2009 Canada adds jobs in April, analysts expected lossOTTAWA — Canada unexpectedly gained 35,900 jobs in April as the unemployment rate remained at a seven-year high of 8 percent, Statistics Canada said Friday. However, all of the job gains were in the self-employed category, which is normally a sign of labor market weakness.
India's growth to fall further: Economist GroupJanuary 28th, 2009 NEW DELHI - The Economist Intelligence Unit (EIU) has predicted a 5.6 percent economic growth for India, much lower than the 7 percent expansion forecast by the government and policymakers. 'We expect India's GDP (gross domestic product) to grow by only 5.6 percent in 2008-09, compared to 9 percent last year,' said Manoj Vohra, director of research at EIU, a think tank of the Economist Group.
India to grow at 5.8 percent next fiscal: Goldman SachsJanuary 19th, 2009 NEW DELHI - India's economic growth will fall to 5.8 percent and inflation to one percent in the next fiscal, a Goldman Sachs report released Tuesday said. 'The Indian economy will go through a challenging time in 2009.