India's growth may fall to decade-low, IMF says

Source: Bloomberg
According to the International Monetary Fund, Indian economic growth is likely to weaken this year to the lowest level in a decade after investment decreased. The IMF urged India's government to keep its interest rates unchanged until country's high inflation rate eases. The GDP will increase 4.9% in 2012, less than a forecast of 6.1% in July. 
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Tue, 09 Oct 2012 05:45:00 GMT

Euro stays lower on IMF forecast

The Euro stayed lower after a drop yesterday as the IMF revised its forecast for the Euro bloc downward and European officials struggle to tame the Eurozone's debt crisis. The 17-nation currency traded at $1.2984 after falling 0.6% yesterday to $1.2968. The Euro bought 101.81 Yen after a 1% decline. The region's economy will grow 0.2% in 2013, down from

Mon, 08 Oct 2012 20:27:59 GMT

Wall Street turned red on Monday

Wall Street turned red on Monday as investors are worried about Europe's debt crisis amid a gathering of eurozone finance ministers. The Dow Jones Industrial Average fell 0.2%, to 13,578.02; the Standard & Poor 500 Index declined 0.4%, to stand at 1,454.55, while Nasdaq 100 futures lost 0.8%, to 3,111.61.

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