US wants India to serve as ‘economic anchor’ in Asia

WASHINGTON: With a long term strategic partnership with India, the US wants to support its ability to serve as an “economic anchor” in the Asia Pacific region where it is already driving economic development along with another giant China, a top US commander has said.

Obama gives pep talk to consumer bureau

WASHINGTON (CNNMoney) -- President Obama gave a pep talk Friday to the staff of the Consumer Financial Protection Bureau -- including the new director he controversially appointed this week.

Banking sector stress to affect construction equipment, commercial vehicle sectors: Fitch

MUMBAI: The stress in banking sector will spread to structured finances this year, and asset-backed securities of commercial vehicles and construction equipment will be among the worst hit, Fitch has said.

Manufacturing grows at fastest pace in 6 months

WASHINGTON (AP) — Manufacturing grew in December at the fastest pace in six months and hiring at U.S. factories picked up. The data helped bolster the view that the economy gained momentum at the end of last year.

Global Growth Slows to 3.9% as O’Neill Sees Aging Labor in BRICs

Jan. 3 (Bloomberg) -- A year ago, Catherine Liu employed more than 2,000 people at her five Shanghai luggage-making factories. Now, as the dwindling supply of low-paid young workers forces wages and costs higher, she has 1,200 left.

Nigerian anger heats up as petrol prices rocket

ABUJA (Reuters) - Nigerian motorists and unions vented their anger on Monday at a sudden more than doubling of fuel prices, a day after government subsidies were removed in a sweeping economic reform that could trigger mass protests.

Big events will boost UK in 2012: Cameron

British Prime Minister David Cameron pledged on Monday to use the Olympics and celebrations marking 60 years of the queen's reign in 2012 to return Britain to strength despite continuing economic gloom.