Jul 31, 2012 India needs many more generating plants to keep up with exploding demand for electricity, but the distribution system is so corrupt that investors are reluctant to put money in new plants.
Jul 31, 2012 In India, 600 million people lost power this morning. It's the second major blackout there in just two days.
Jul 31, 2012 Today blackouts in northern India spread to the eastern states, affecting half of the country's 1.2 billion people. Many office buildings are running on generators; More than a hundred trains were stranded in the summertime heat.
Jul 30, 2012 The Federal Reserve meets again this week, and the buzz is that Chairman Ben Bernanke could be considering some "new tools," for stimulating growth -- perhaps using interest rates to encourage banks to take some risks with their money.
Jul 30, 2012 U.S. Treasury Secretary Tim Geithner is in Europe today. He's got meetings with Mario Draghi, the ECB president, and Germany's finance minister.
Jul 25, 2012 Today as Treasury Secretary Timothy Geithner was officially presenting a report from the Financial Stability Oversight Council on the state of the economy, he was grilled about British banks' manipulation of the LIBOR interest rate.
Jul 25, 2012 Secretary Geithner is expected to tell the committee that the U.S. economy is starting to regain its footing, but still faces threats from uncertainty about government spending and taxes, and instability in Europe.
Jul 20, 2012 Employee riots at India's largest car-maker -- Maruti -- have burned down part of the factory, shut down the plant and killed a human resources manager.
Jul 18, 2012 It wasn't long ago that many thought India's growth rates could surpass those of its long-time rival, China. But China retains the upper hand in that relationship, thanks in part to its exports.