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Australia has probably been one of the economies who held its foot tightly in the tough times of Recession. Glenn Stevens, the governor of Reserve Bank of Australia mentioned that the challenge for Asia and Australia to manage the expansion, which is not going to be less but huge. He believed that the financial crisis is over except for what he calls a ''North Atlantic crisis''.

When grilled by federal MPs, the Reserve Bank governor talked about confidence heading back into a resources boom for Australia.

The Clydesdale and Yorkshire banks' exposure to bad debts has risen due to the problems in Britain's commercial property sector. The UK economy continues to face challenges. The ratio of bad and overdue loans had risen to 2.9% from 2.6% of lending; a trading statement on the final quarter of 2009 confirmed this report.

Brokered by Total Sports Asia (TSA), the Badminton Association of India (BAI) has finally roped in Rs. 75 million for 3 years from Premier Brands. The amount that the BAI has secured from the contract would accrue to the badminton players.

The sponsorship amounts would be administered by the former players. VK Verma, BAI's president has stated that the amount would directly be going to the players and none of the amount will be used by the body for its administrative costs. With the aim of setting the highest transparency in sports administration they are coming up with a new model of financial governance.

Chrysler has announced that it would buy the Sterling Heights assembly plant for $20 million from the old Chrysler bankruptcy estate. If the U. S bankruptcy Judge Arthur Gonzalez approves the sale, it would be good news for
1,219 workers who had earlier seen their jobs on risk when the plant was supposed to be shut at the end of this year.

Even after the city extends $7.4 million in property tax abatements to Chrysler, the Sterling City would continue to receive $2.6 million annually from its largest taxpayer.

Huge Demand for buses business is expected because of the the central government's Jawaharlal Nehru National Urban Renewal Mission (JNNRUM) scheme. The demands of the customer would be changing and states would again be keen on providing across the country, a seamless mobility.

The future lies at the bottom of the pyramid, CK prahlad the great economist, once rightly quoted. Godrej Group's Chairman Adi Godrej seemed to have read this lately and has announced that Godrej Properties will now be focusing on low-cost housing in various cities and look to capture the rural markets, he informed on Friday.