The downturn that some have dubbed the "Great Recession" has trimmed the typical household's income significantly, new Census data show, following years of stagnant wage growth that made the past decade the worst for American families in at least half a century.
MOSCOW (Reuters) - Russia's near-pariah status among investors means its stocks sell at big discounts to other emerging nations, but markets could be missing something - the global macroeconomic picture may yet favor Moscow.
China's plans to make its currency global could change the world - if they get off the ground. More international use of the yuan might increase China's trade clout, unseat the mighty U.S. dollar and make a lot of financiers very rich in the process. But it can be hard to separate the facts from the fable. Here are some questions answered.
It is a steamy day in Manhattan but buyers from Bloomingdale's, Saks Fifth Avenue and other big-name department stores have been lured out of their air-conditioned lairs to the midtown offices of an Indian company called S. Kumars Nationwide Limited.
Western companies are increasingly counting on China to deliver growth not available elsewhere, but the country's consumers remain reluctant to boost their domestic spending, according to a survey of consumer attitudes published by the Economist Intelligence Unit.
Kazakhstanis Need Internet and Mobile Phones to Work during Summer Vacations
16 August 2010, Almaty. Today the mobile communication operator, GSM Kazakhstan/Kcell announced the results of survey of use of communication devices during summer vacations. Internet users of Kazakhstan were questions vie email during summer 2010.
FACTBOX-Key political risks to watch in Kazakhstan
ALMATY Aug 2 (Reuters) - An intensifying succession struggle among Kazakhstan's political elite and the government's increasingly tough stance on foreign companies have fuelled investor concerns in Central Asia's biggest oil producer.
Thomas Jefferson, no fan of deficit spending, has a clearer view of the US fiscal stimulus than any living politician. From his memorial by the Tidal Basin in Washington he can watch a $12.4m stimulus project to fix a seawall and stop him sinking into the water.
Kazakh company on FTSE 100 a risk for investors, says Global Witness
Kazakhmys plc, a FTSE 100 company which mines copper in the Central Asian nation of Kazakhstan, failed to declare potentially key information about its shareholders and directors when it listed on the London Stock Exchange, thereby exposing investors to unquantifiable risk, warns a new Global Witness report.
Euro heads for first weekly gain in six versus dollar
(Reuters) - The euro rose on Friday, heading for its first weekly gain versus the U.S. dollar in six weeks as investors who had bet on the currency's fall bought it back on fears of central bank intervention.