If you are thinking that electronics’ makers sailing smooth despite economic downturn, you need to think again at least the revision of profit forecast from Panasonic seems to suggest so. The company has slashed its profit forecasts by 40% for the present fiscal year. Panasonic was expecting to make 560b yen in the current fiscal Read more
The US president says that now Americans have begun to feel more positive about their country’s economy. In Louisiana, the President said in a business meeting with business leaders that people had a more positive approach towards economic panic. While Federal Reserve chief Ben Bernanke said that we might need more spending to fight the Read more
Almost a 3 percent drop was noted in Dow Jones and Nasdaq indexes while London’s FTSE 100 index sank about 2.5% .Similarly, French and German markets each lost around 3%. The results came forward when US data suggested mounting unemployment claims and sluggish shop sales. The European Central Bank has shown 1.5% growth forecast in Read more
Because of the stricken US economy and the falling dollar, Mexicans are sending less money to their homes. According to Mexico’s central bank, the sharpest fall was recorded in remittances during July that was 6.9% down compared to the same period last year. Besides oil revenues, remittances are counted Mexico’s second largest legal source of Read more