May 20, 2013

global economy - News


Infosys Reports 13% Net Profit Increase in Q2

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Infosys Technologies Ltd., India software exporter, posted profit that beat analysts’ estimates and agreed to pay a special dividend as the rebounding global economy boosts demand for information technology services. Net income rose 13 percent to 17.4 billion rupees ($394 million) in the three months ended in September, from 15.35 billion rupees a year earlier, [...]

OECD and World Economic Forum Warns Slow Global Economic Recovery Process

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Global economic recovery is slowing faster than expected and extra stimulus from governments may be needed, the OECD(Organization for Economic Cooperation and Development) and World Economic Forum warned on Thursday. Recent data suggest the economy of the Group of Seven nations could grow at an annualized rate of about 1.5 percent in the second half, [...]