markets

Drought really looming large

With overall rain deficit for the country as a whole staying stubbornly at 22 per cent at the end of July, the spectre of another drought is looming large on India’s ailing economy. Even the overall figure of 22 per cent deficiency could be misleading: it conceals the unevenness of distribution and periodicity of rain in various regions, which play a critical role in farm operations and output.

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MORE FROM Markets

Markets stay supported by ECB hopes

markets

Markets stay supported by ECB hopes

Hopes that Europe is readying some firm action to deal with its debt crisis continued to support sentiment in the markets Monday at the start of a week that could also see the Federal Reserve also enact further measures to boost the US economy.

markets

markets

Spanish economy shrinks faster

Spain’s downturn deepened in the second quarter, with the economy shrinking 0.4 percent after contracting 0.3 percent in the first three months of 2012, official data showed on Monday.

markets

markets

Euro zone crisis heads for Sept crunch

Over the past couple of years, Europe has muddled through a long series of crunch moments in its debt crisis, but this September is shaping up as a “make-or-break” month as policymakers run desperately short of options to save the common currency.

markets

markets

TEST OF OPPOSITION COMPETENCE

The perceived performance of the four opposition-controlled states will be a crucial campaign issue as the three-party opposition alliance tries to convince voters it is capable of running the country.

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