US President Barack Obama has nominated Janet Yellen to head the Federal Reserve Board, describing her as one of America's "foremost economists and policy makers".
The Russians have termed Putin's visit to India, his first to this country since the outbreak of the Russia-Ukraine war, as 'Druzhba Dosti', which means 'friendship' in Russian and Hindi respectively.
United States President-elect Barack Obama on Monday officially unveiled the economic team that will assist him in tackling what he termed 'an economic crisis of historic proportions'.Obama has named New York Federal Reserve President Tim Geithner as US Treasury Secretary and former Treasury Secretary Larry Summers as chief of the National Economic Council.
She will replace Ben Bernanke as the Chair of the Federal Reserve.
Yellen is currently Vice Chairman of the Board of Governors of the Federal Reserve System.
The nomination would put Yellen on course to be the first woman to lead the institution.
Carter was in politics, but not a politician, certainly not a transactional politician, points out Shreekant Sambrani.
Summers dogged by controversies over past views
India will welcome two trade missions in 2015 focused on meeting its infrastructure needs with US technology and services.
Did Jeff Bezos decide against endorsing Harris because it would hurt his business interests? Only God and Bezos know, and neither of them are talking, notes Prem Panicker.
Dealers said dollar slipped against the euro and yen after President Barack Obama was re-elected in a knife-edge US presidential election.
Barack Obama is likely to pick a candidate to succeed Ben Bernanke sometime during the summer.
"I think the Fed is out of control. I think what they're doing is wrong. Under the Obama administration, you had a lot of help because they had very little interest," Trump told reporters at the White House Thursday while responding to questions on the down sliding of the stock market for a second consecutive day.
Timothy Geithner, chosen for the post of Treasury Secretary by President-elect Barack Obama failed to pay federal taxes worth over 34,000 dollars for several years, a media report says.
The unemployment rate has edged off its recent peak, but at 9.7 per cent, it is still close to its highest level since the early 1980s.
The Nifty ended at 5,060, down 94 points.
The US Federal Reserve chairman Ben S Bernanke has been named as the 'Person of the Year 2009' by the leading American magazine Time.
The world economy has been run for too long by finance enthusiasts. It is time that finance sceptics began to take over.
The prime minister and president stated their intention to expand defence co-operation to bolster national, regional and global security.
American President Barack Obama on Tuesday extended the tenure of US Federal Reserve Chairman Ben Bernanke by another term.
In December, Aisha Shah was named as Partnerships Manager at the White House Office of Digital Strategy.
On the White House website, his staff post a variety of proposals ranging from an "American First Foreign Policy" to killing former President Obama's climate action plan with agenda largely echoing his campaign website.
Biden, 'plotting an ambitious presidency that would begin amid twin health and economic crises, is leaning on veteran advisers with high-level governmental experience rather than outsiders and ideological rivals to help guide him on subjects including the coronavirus pandemic and the country's diminished standing in the world', a report in The New York Times said.
Echoing the position articulated by Prime Minister Manmohan Singh, China and Russia on Thursday warned that imminent withdrawal of fiscal stimulus by the US could have an adverse impact on the global economy and cautioned the Obama administration against it.
The US House of Representatives averted a government shutdown on Thursday, narrowly passing a $1.1 trillion spending bill despite strenuous Democratic objections to controversial financial provisions.
Oil price have started rising as President Barack Obama's efforts to win backing for a military strike against Syria cleared its first hurdle.
In India we have to be careful not to copy any level of dependence on the financial sector and infatuation with the get-rich-quick syndrome, says Jaimini Bhagwati.
This is the joint statement issued by the ministry of external affairs on the visit of US President Barack Obama to India.
Markets are assuming that by the second half of 2021, the world will be approaching some type of normalcy, points out Akash Prakash.
Prime Minister Narendra Modi has been ranked as the world's ninth most powerful person by Forbes magazine in a 2015 list which is topped by Russian President Vladimir Putin.
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ITC, Infosys, Wipro and HDFC Bank among the major losers.
The decline bolstered bets that the Federal Reserve will hike interest rates in mid-2015
Over the past week, the Sensex and the Nifty continued the bull-run
Moving ahead with their new mantra -- Chalein Saath Saath: Forward Together We Go -- Prime Minister Narendra Modi and United States President Barack Obama on Tuesday vowed to deepen cooperation in every sector for the benefit of global stability and people's livelihoods over the next ten years.
India says it gives equal treatment to foreign companies on tax matters, not special consideration.
In the United States, economic data is likely to take a back seat next week.
Oil prices were poised for a third day of gains following a rise of more than 4 percent last week after Islamic militants seized much of northern Iraq as Baghdad's forces there collapsed.
Chanda Kochhar is among the three Indians in Time's Most Influential list.
'Investors hate uncertainty and the demonetisation move certainly creates that.'
India must have a "contingency plan" in place to ring-fence the country's economy if the political showdown in the US leads to a default on its international monetary obligations, industry body Assocham said.
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