'Fiscal cliff' already affecting US economy: Bank of America CEO Brian Moynihan

WASHINGTON: Fiscal brinkmanship in Washington is already affecting the U.S. economy as worried businesses invest less in equipment, Bank of America Corp Chief Executive Brian Moynihan said.

European industry's dependence grows on the rising wealth of Indians, Brazilians, Russians and Chinese

LONDON: The world's top yoghurt maker Danone now sells half its goods in emerging markets, and from beer to holidays, Europe's consumer industry depends ever more heavily on the rising wealth of Brazilians, Russians, Indians and Chinese.