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DEBT CLIFF
Melinda Gates urges tech tycoons to donate half their wealthMelinda French Gates is urging tech titans poised for wealth from upcoming IPOs to commit to giving away at least half their fortunes for p...- ET Prime Special Series: Multibagger or IBC - Curious case of one stock, two companies. Only one of them makes brakesOn paper this is a friction-material company. In practice, the larger force inside the company is an investment portfolio. The friction bus...
- United States steps back from debt cliff... for nowWith the threat of a default just 11 days off, Republican Senate Minority leader Mitch McConnell offered the deal as his party was preparin...
- Liquor startup Boutique Spirit Brands raises Rs 80 croreThe funding will help the company with new product launches, scaling up and expanding its retail footprint as well as servicing customers n...
- China's fiscal deficit to be 2.7% of GDP, widest since 2009The Chinese government will pursue an expansionary fiscal policy to prevent its economy from stalling and win back a waning investor confid...
- Tough measures help Essar turn around troubled Algoma SteelToday, Algoma claims it is witnessing a turnaround. Essar has managed to bring the company back to profitability in the last two quarters.
- India has done an excellent job, above 5% growth terrific: Shankar SharmaShankar Sharma does not see an economic recovery in the second half of the year. The world is sitting on a growth cliff, he said.
- 'Address medium-term issues to sustain financial market rally'An IMF study has warned that if progress on addressing medium-term challenges falters, rally in financial markets may prove unsustainable.
- Gold falls after hitting a 2-week high, dollar gainsGold fell in New York with stocks and oil after reaching a two-week high yesterday and as a stronger dollar curbed demand for bullion.
- Gold climbs to two-week high on budget dealGold rose 0.5 per cent to USD 1,682.55 an ounce. It reached USD 1,684.75 earlier today, the highest since December 18. Silver also rose 1.4...
- ET in the classroom: All about US Fiscal CliffIn a week, US could go over a fiscal cliff creating risk and its economy may fall into recession that could worsen global economic crisis.
- World's 100 wealthiest people lose $26 bn as fiscal cliff nearsThe 100 wealthiest people on the planet lost $26.1 billion from their collective networth this week as global markets fell amid concern abo...
- Gold halts worst run in a month on fiscal cliff concernsGold halted a three-day decline on speculation investors will seek a protection of wealth as the US faces a so-called fiscal cliff.
- Upbeat buyers sustain US as companies hesitateFor consumers, rising home prices, an improving job market and healthier finances make it more likely that the household demand will sustai...
- Consumers to sustain US economic growthAmericans are turning more upbeat while business sentiment stagnates in the face of the looming fiscal cliff, consumer spending, to keep gr...
- Rupee erases gains against dollar; steady at 54.36The rupee erased initial gains and was quoting steady at 54.36 against the dollar today on fresh demand for the US currency from banks.
- Barack Obama’s re-election positive for markets: Adrian Mowat, JP MorganAdrian Mowat, Chief Asian and Emerging Market Strategist, JP Morgan, talks about the impact of Obama win on global economy and markets.
- See tax cut extensions if Romney wins US elections: Alastair Newton, NomuraThere certainly will be differences if Mitt Romney wins the US election. There will be a full extension of all the Bush tax cuts, says Alas...
- Head of CEO group John Engler urges compromise on US fiscal cliffEngler joined a growing chorus of CEOs imploring Congress to set aside partisan arguments and reach a deal to put the United States on a fi...
- A risk of recession is the biggest concern for US: John Taylor, Stanford UniversityThe US economy does risk another recession. This is because of unpredictable policies, short term stabilizations or a fiscal cliff.
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