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US Immigration reform bill may harm Indian IT firms US Immigration reform bill may harm Indian IT firms The Senators, also known as the gang of eight, has put forward provisions in the bill, which when signed into law by the President, can harm the interests of Indian IT companies and professionals.
US consumer credit goes up US consumer credit goes up Total consumer borrowing rose in March by a seasonally adjusted $8 billion, falling short of the market expectation of $15 billion increase, reported Xinhua.
GM to build factory in China GM to build factory in China The plant will be located in Shanghai's Jinqiao district, GM said in a statement Tuesday.
HSBC fears 'significant' penalty in NRI tax evasion probe HSBC fears 'significant' penalty in NRI tax evasion probe The US tax department is investigating possible evasion of federal income taxes by the American residents of Indian origin through use of their accounts with HSBC India.
China's foreign trade jumps by 15.7%, beats expectations China's foreign trade jumps by 15.7%, beats expectations Surpassing expectations and proving scepticism unfounded, China's foreign trade volume grew by 15.7 percent year-on-year in April, higher than the 12.1 percent increase in March.
Brazil cuts interest rates on small business loans Brazil cuts interest rates on small business loans Brazilian President Dilma Rousseff has announced here a reduction in the interest rate on public loans for owners of small businesses from 8.0 percent to 5.0 percent.
Emerging market growth hits 7-month low in April Emerging market growth hits 7-month low in April Brazil was the only economy that showed signs of betterment in April.
Russia to take $40 mn loan from World Bank Russia to take $40 mn loan from World Bank The loan is part of the USD 121.26 million Forest Fire Response Project in Russia being co-financed by the Russian government.
Dow closes above 15,000 for first time Dow closes above 15,000 for first time The Dow hit an all-time intraday high at 15,056.67, while the S&P 500 touched a record intraday high at 1,626.03.
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