Shares of Macmahon Holdings Ltd. fell deep on Wednesday morning after the Australia n construction and mining firm announced it is cutting into half its full year earnings estimate guidance for 2012-13 and that its chief executive, Nick Bowen, has resigned.
One hundred years ago, the Titanic slipped below the frigid waters of the North Atlantic Ocean. That's roughly the same moment when the US dollar also hit an iceberg
A key member of India ’s ruling coalition has withdrawn its support of the government over its economic and energy policies, raising fears about the stability of Prime Minister Manmohan Singh’s fragile administration. Mamata Banerjee, the chief minister of the state of West Bengal, declared that her party, the All India Trinamool Congress -- currently the second-largest segment of the ruling United Progressive Alliance (UPA) coalition -- could no longer cooperate with the UPA.
Fannie Mae agreed to pay Bank of America Corp.
Popular art often mirrors common ideas about current economic affairs and reflects the conventional wisdom guiding public opinion. This is particularly true of film. Influential critic David Bordwell makes some excellent points about how filmmakers might try to anticipate and react to popular political attitudes -- classic (and soon-to-be classic) action movies are a case in point.
Bank of England forecasts show inflation reaching the government's 2 percent target in 2013 (Reuters) UK inflation fell to 2.5 percent in August, returning to a downward trend after rising unexpectedly the month before. The Bank of England , which has responsibility for controlling inflation, said it is likely to meet the government's 2 percent target in 2013. "The largest downward pressures behind the change in the CPI rate came from furniture, household equipment & maintenance, housing & household services (particularly domestic gas) and clothing & footwear," said the Office for National Statistics (ONS) in its Consumer Price Indicies (CPI) report
The Reserve Bank of India ( RBI ) left interest rates unchanged but cut the cash reserve ratio for banks on Monday, disappointing market hopes that it would follow up the government's unexpected spate of bold reform measures by reducing borrowing costs.
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With Congress showing no sign of softening its stance on the big-ticket economic reforms, West Bengal Chief Minister Mamata Banerjee is all set to pull out Trinoomial Congress ministers from the UPA cabinet as her deadline ends on Tuesday. However, she would continue to back the Central government from the outside, said reports.
The big-ticket political reforms by the government have motivated the opposition parties to line up a string of protests in the coming days. The protests are intended to persuade the Centre to roll back all bold decisions of opening up markets for more Foreign Direct Investment s (FDI), diesel price hike and capping the subsides on LPG cylinder prices. The leaders of the Samajwadi Party, Communist Party of India (Marxist), Communist Party of India , Telugu Desam Party, Biju Janata Dal, Janata Dal (S), All India Forward Bloc and Revolutionary Socialist Party have announced to observe a nationwide protest on Sept 20.