business confidence

The terror attacks that rocked India's financial capital may depress stocks, dampen tourism and slow new investment, but are unlikely to inflict long-term damage on the nation's economy, analysts and business people said Thursday.

'This is a challenge for the government to maintain law and order in the country,' said Takahira Ogawa, director of sovereign ratings at Standard & Poor's in Singapore.

'At this stage, I don't think there will be any major impact on the macroeconomic or fiscal position of the government.'

The terror attacks that rocked India's financial capital may depress stocks, dampen tourism and slow new investment, but are unlikely to inflict long-term damage on the nation's economy, analysts and business people said Thursday.

German business confidence has hit a more than three-year low as manufacturers in Europe's biggest economy are becoming increasingly pessimistic about their export prospects amid world market turbulence, a closely watched survey found Wednesday.

Consumer confidence in Europe's biggest economy declined for a fourth month in a row, sliding to another five-year low as lower energy prices failed to bolster Germans' likelihood of buying new goods, a report released Tuesday found.