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Federal Reserve chief Ben Bernanke on Tuesday called on governments to take “forceful” action to stem unending financial turmoil and immediately consider reforms to prevent another crisis. Describing the current financial turmoil as the worst since the Great Depression of the 1930s, he said until governments stabilized the financial system, “a sustainable economic recovery will [...]

Subprime is the cause of USA Economy slow down.  It is the very popular news among everyone and it is become very serious then expected. It caused more damage to all the industries especially Banking, Insurance and Automobile sectors. Subprime crisis caused big loss to the banks and now it is affecting the other industries [...]

Finance Minister P. Chidambaram on Monday asserted that despite the global meltdown, India, unlike many other global economies, would continue to grow at seven to eight per cent this fiscal. It was nowhere near a recession.Inaugurating the Economic Editors’ Conference here, Mr. Chidambaram pointed out that such a level of growth, even as the global [...]