Spicy News @ Express Speed.

Barack Obama's convincing win in the U.S. presidential election ends a source of uncertainty for global investors but does not change the grim realities facing the India and world economy.

What is in for India?

Asian shares hit a three-week high and the dollar extended its gains after Obama captured the White House over Republican rival John McCain at a time when the world's biggest economy is likely in a recession.

Partners Management, said the Wall Street rally was an "Obama bounce, not an Obama rally.

While we congratulate Americans, American and Obama, we need to keep our fingers crossed to see the real out come, till february next year.