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India's IT bellwether Infosys Technology is bracing for a flat to lower revenue growth till recovery takes place by mid-2010, a top company official said Friday.
U.S. stock index futures were lower in premarket trading Friday, pointing to a lower open for Wall Street. Traders weighed a mixed combination of data showing a narrowed U.S. trade gap and a surge in import prices.
By Henrique Almeida
By Louise Ireland
OTTAWA (Reuters) - Canwest Global Communications reported a bigger quarterly loss on Friday as the Canadian media company, struggling to stave off bankruptcy, was hit by a big writedown and declining revenue.
L'AQUILA, Italy -(Dow Jones)- Russian President Dmitry Medvedev Friday said the global economy may not yet have passed the lowest point of its downturn.
Six years ago, China attended its first Group of Eight summit as a quiet observer on the sidelines.
U.S. Rep. Barney Frank said Thursday he does not intend to seek limits on the size of financial firms as he drafts regulatory reform legislation and that restructuring mortgage finance sources Fannie Mae and Freddie Mac was not on his agenda for this year.
By Louise Ireland
(RTTNews) - The Asian markets ended in negative territory amid concerns about global recovery as traders moved to the sidelines looking for direction.
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