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Trump plays down fear of US recession

Washington: US President Donald Trump has tried to reassure markets about the risk of the US falling into a recession by saying the economy was...

Economists fear of 2020 recession in US: Report

Washington: America's business leaders are growing more worried that the US will enter a recession by the end of 2020, mainly due to an increasingly...

RBA should cut interest rates to avoid recession

The Federal Opposition and a top economist have urged the Reserve Bank to cut the interest rate by at least 0.25 percentage points to...

India, China will not remain untouched by global slowdown: IMF

Washington: The global economy is much weaker than believed and growth will pick up only slightly next year, the International Monetary Fund (IMF) has...

Obama insists the rich to contribute more tax

Washington: US President Barack Obama revealed plans to tax the rich and to reduce the deficit of the country, as America’s debt assumes hazardous...

IMF projects 7.5 to 7.75 per cent growth for India

Washington: The International Monetary Fund (IMF) said that India would have a year-on-year projected growth rate of 7.8 per cent in 2011 and 7.5...

More Americans Living in Poverty: Reports

More Americans lived in poverty in 2010 than at any time since at least the 1950s. The overall poverty rate climbed to 15.1, a...

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