LONDON - Worries over the global economy weighed heavily on stock markets Monday, with Europe bearing the brunt of the selling. And oil prices fell further, with the benchmark New York rate below $30 a barrel again.
With markets gyrating and the economy sending mixed signals, Federal Reserve Chair Janet Yellen's testimony before Congress this week is eagerly anticipated as investors seek clues on whether the Fed could still raise interest rates in March.
MUMBAI India said its economy grew 7.3 percent in the October-December quarter from a year earlier, in line with expectations, and forecast that gross domestic product would expand an annualised 7.6 percent in the fiscal year ending in March.
IT services provider Cognizant Technology Solutions Corp forecast its slowest revenue growth in 14 years for the current quarter, as clients worldwide rein in IT spending.
(Repeats to additional subscribers). By Jessica Toonkel. Feb 8 CBS Corp CEO Leslie Moonves, who was given the additional title of executive chairman last week, is planning more original content and looking at taking some of his network's shows off the ...