Economy News

US Existing Home Sales Surge in October Crossing Year-Over-Year Gains

Existing home sales in the United States rose for the second consecutive month in October 2014, crossing year-over-year gains for the first time, according to The National Association of Realtors (NAR).

Nov 21, 2014

India to Invest $4 Billion in Power industry to Wipe Out Theft Problem

The Indian Power Ministry announced on Thursday that it will invest $4 billion (INR 25,300 crore) in the power industry to roll out a new metering system and upgrade power distribution networks around the country to help tackle the power theft issue.

Nov 21, 2014

Japan's Exports Improve in October; is 'Abenomics' Really Working?

Japan's exports index rose to the highest level in eight months in October after the economy slid into recession a three months ago

Nov 20, 2014

US Homebuilder Confidence Improves as Property Market Gears up for More Buyers

US home builders' confidence rebound four points in November after falling for the first time last month, according to the National Association of Home Builders' latest Housing Market Index (HMI) as more the real estate market gears for more buyers.

Nov 19, 2014

China Home Prices Continue to Decline Despite Government Stimulus

Home prices across major cities in China, the second largest economy in the world, continued to decline despite the government's constant efforts to control the slowdown.

Nov 18, 2014

Behold! The Most Expensive Homes in the World (PHOTOS)

Investors usually bank their money on brick-and-mortar assets and that is perhaps why the luxury market never lost its gleam. In honor of the strength of the luxury property market, we present to you the most expensive homes of the world.

Nov 17, 2014

G20 Summit 2014: World Leaders Agree to Strengthen Global Infrastructure, Labor Force and Economy

The G20 Summit 2014 in Brisbane, Australia came to an end on Sunday after the world leaders agreed to make improvements on a slew of topics ranging across trade, health and climate change.

Nov 17, 2014

Rajinikanth's 'Lingaa' Will Surpass 'Enthiran' Records, Says 'I' Director Shankar

"Lingaa", which also has Anushka Shetty and Sonakshi Sinha is expected to hit the screens for Rajinikanth's birthday, on 12 December.

Nov 17, 2014

Japan Slips into Surprise Recession, Paves Way for Tax Delay, Snap Poll

The world's third-largest economy unexpectedly slipped into recession in the third quarter.

Nov 17, 2014

Bill Gates Invests in Venture-Capital Seed Fund in India, Supports Innovation

Bill Gates, the billionaire founder of Microsoft, has pledged an investment in the Unitus Seed Fund – an impact fund that focuses on social, economic and technological development in India.

Nov 17, 2014

Halliburton Going Hostile with Baker Hughes Merger

Halliburton Co., the famous oil-field services giant is rushing the merger with rival Baker Hughes Inc threatening to replace its entire board of directors, according to several news reports.

Nov 15, 2014

G20 Summit 2014: What you need to Know and What You Need to See (PHOTOS)

Leaders from the Group of 20 member countries and other nations have arrived at the Australian city of Brisbane for the G20 Summit. The two-day summit, which begun today will mark the ninth global leaders meeting.

Nov 15, 2014

Unaffordable Housing: Most US Metros Way too Expensive for Average Earner

Most of the biggest metropolitan areas in the United States are way too expensive for the average worker in the country, surveys show.

Nov 14, 2014

Eurozone Inflation and Growth to Remain Low: ECB Survey

A recent survey of professional forecasters by the European Central Bank showed that inflation and growth in the region will remain low for the year due to oil prices slowdown and the sluggish economic recovery in the Eurozone.

Nov 14, 2014

US Luxury Home Sales Surge as Wealthy Investors Cash in on Property

Sales of multi-million dollar homes have surged across the US wealthy investors hope on cashing in on the bullish upscale property market of the country.

Nov 14, 2014