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Finmeccanica Chief Is Arrested in Bribery Case

Giuseppe Orsi of the the Italian state-controlled defense group Finmeccanica was arrested in an investigation centered on the sale of helicopters to the Indian government.

 

US trade deficit grew slightly to $42B in July

The U.S. trade deficit grew to $42 billion in July, widened by fewer exports to Europe, India and Brazil that offset a steep decline in oil imports.

 

Last Week's Economy Started Badly, But Ended on a Good Note

A week ago, the economy was looking pretty bad. China and India’s economic growth have slowed. Before Europe even has a chance to fully deal with the Greek crisis, another one sprang up: Spain. In the U.S., unemployment went up slightly in May and job growth slowed. It’s just all bad news for the global economy.

 

Lots of Bad News Today: Europe, Asia, Jobs ... All Bad

So much for TGIF: all economic reports today were either disappointing or just plain bad.

First, people in Spain are taking their money out of local banks and putting them overseas. It’s similar to what the Greeks did a couple weeks ago - or was it a month? Either way, it’s not good.

 

Blackberry service disruptions spread to Latin America

Blackberry service disruptions spread to Latin America

Blackberry, which has been plagued by service outages in Europe, the Middle East and India this week, reports that disruptions have spread to Latin America.

 

Asia millionaires worth more than Europeans: study

Asia-Pacific millionaires are collectively worth more than their European counterparts for the first time, with the rich in China and India leading the way, a study said Wednesday.

 

Austria Temple Attack Prompts Riots in India

Austria Temple Attack Prompts Riots in India

India's prime minister appealed for calm as riots spread to several northern Indian cities to protest a deadly shooting at a Sikh temple in Austria.

 

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