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HuaweiHit by political instability and energy crisis, foreign direct investment continues its downtrend at a time when Pakistan needs big foreign inflows to boost its economy and bolster external balances.
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The recent conviction of Rajat Gupta, former McKinsey boss and Goldman Sachs director, for insider trading marks a disappointing low in the high-profile career of the Indian-American Wall Street executive whose meteoric rise in the American corporate world had served as an inspiration to many.
Unemployment in the 17-country euro currency bloc hit another record in May as the crippling financial crisis pushed the continent toward the brink of recession, official figures showed on Monday.
Investors are hoping PM Manmohan Singh, who unleashed radical reforms that turned around India’s economy two decades ago, can work some similar magic after assuming the finance portfolio again.
TOKYO — Japan faces the same risks that plague financially-embattled European states, Prime Minister Yoshihiko Noda warned on Saturday, days after he pushed through a divisive tax bill to chip away at the country’s mountainous debt.
SEOUL, South Korea — An American judge ordered Samsung Electronics Co. to halt U.S. sales of its Galaxy Nexus smartphone while the court considers Apple’s claim that the South Korean company infringed its patents.
US stocks are closing with their second-biggest gain this year after European leaders announced a plan to rescue banks, relieve debt-burdened governments and restore investor confidence.
US corn futures on Friday posted their biggest weekly gain since 2008 while soybeans capped their sharpest monthly rise in more than three years, as nagging drought in America’s heartland overshadowed a government report showing farmers planted larger crops than expected this year.
DETROIT — Toyota’s problems with runaway acceleration just won’t go away.
A US judge on Friday granted Apple Inc’s request for a p re-trial i njunction against the sale of Samsung Electronics Co Ltd’s Galaxy Nexus phone, han ding the iPhone maker its second legal victory against Samsung in a week.
