Experts Say India Economy to Slow in 2011

January 6th, 2011
in Background

News Center:  The Indian economy has been surging at an 8.9% pace for the past three quarters, but top economists whom CNBC-TV18 interviewed believe that the economy will slow in 2011. High inflation, fiscal deficit and current account deficits will constrain the economy. CNBC-TV18’s Vidhi Godiawala reports with views from the best and the brightest.

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European Stocks Continue Mostly Negative

January 6th, 2011
in News

Yahoo Finance:  European markets closed with more losses than gains.  Only Franfort (+0.6%),  Geneva (+0.2%) and Oslo (+0.1) were up.

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Gallup: Unemployment and Underemployment Increased in December

January 6th, 2011
in Background

Gallup:  Unemployment, as measured by Gallup without seasonal adjustment, increased to 9.6% at the end of December -- up from 9.3% in mid-December and 8.8% at the end of November.

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EU Ratchets Up Sanctions on Ivory Coast

January 6th, 2011
in Background

GbagboEU Observer:  European Union diplomats on Wednesday (29 December) agreed that member states would only recognise representatives of the Ivory Coast appointed by the widely acknowledged winner of the country's recent elections, Alassane Ouattara.

The move aims to ratchet up pressure on incumbent president Laurent Gbagbo to step down.

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EU Bonds for Ireland Sell Well

January 6th, 2011
in News, Banking

EU Observer:  Investors have snapped up the first set of bonds issued by the European Union in its efforts to raise cash as part of an €85 billion bail-out of debt-encumbered member state Ireland.

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