India’s measures to prop up the embattled rupee will have limited impact on the currency in the short run, the prime minister’s top economic adviser C. Rangarajan told television channels on Monday.
India’s measures to prop up the embattled rupee will have limited impact on the currency in the short run, the prime minister’s top economic adviser C. Rangarajan told television channels on Monday.
Nissan Motor Corp. announced plans Monday for an $800 million factory in China’s northeast as part of efforts to expand sales in the world’s biggest auto market.
Samsung Electronics Co., the world’s top mobile phone maker, said Monday it expects global sales of the latest Galaxy smartphone to surpass 10 million in July even as it struggles to keep up with demand because of component shortages.
Prime Minister Manmohan Singh was overseas and his outgoing finance minister was clearing his desk last week as the government quietly began preparing the ground for a new push to open up India’s $450 billion retail sector to foreign firms.
Greece wants tax cuts, extra help for the poor and unemployed, a freeze on public sector lay-offs and more time to cut its deficit under a plan likely to run into strong opposition at a European Union summit next week.
Finance Minister Pranab Mukherjee said the government and the Reserve Bank of India will announce measures on June 25 to halt a slide in the rupee, which sank to a record low on Friday.
ROME — The leaders of the eurozone’s four biggest economies on Friday vowed measures to boost growth in the face of a relentless debt crisis, including an injection of up to 130 billion euros ($163 billion).
ATHENS, Greece - Greece’s new coalition government said Saturday it will seek to repeal some taxes, halt layoffs and extend by two years the deadlines for tough austerity measures imposed under its international bailout agreement.
India will unveil measures on Monday to arrest the slide of its currency, Finance Minister Pranab Mukherjee said on Saturday, a day after the rupee hit a new record low against the dollar.
Engine fires are forcing General Motors to recall the Chevy Cruze, a popular model that has helped GM win back small-car buyers.