12/07/04
Marketplace AM for December 7, 2004
Episode Description:
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The falling dollar
European Finance Ministers got together yesterday to talk about the dollar. It's dropped about 9 percent against the Euro since October. The EU is asking the Bush Administration to stem the fall. So why isn't the U.S. taking action? Stacey Vanek Smith reports. Also, the Economist's Zanny Minton Beddoes offers his perspective.
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India's newest challenge
Intel recently announced it's investing $40 million to add facilities in the Southern Indian City of Bangalore. India's high-tech capital, Bangalore has become the hub of India's IT services economy. Two to three western companies now start operations in the city every week. But the government hasn't revamped the city's infrastructure fast enough to keep pace with its growth. Miranda Kennedy looks at whether this problem will impede India's plans to become a global business center.
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