Can America afford to shop?

Tomorrow is another busy day. I must get to the shops by eight," said Paul, my American friend. I looked at him in surprise. "But tomorrow is 26th December, the day after Christmas, Paul. Surely,......

Rate hikes: What you need to do now

Earlier this week, Reserve Bank of India (RBI) governor Y V Reddy surprised everyone with his double whammy. The apex bank increased repo rate and cash reserve ratio (CRR) by 50 basis points (bps)......