basis points

Spain auction sees lower borrowing costs for benchmark bond


September 21st, 2012 - 12:05 pm ICT by IANS
Madrid, Sep 21 (IANS/EFE) Spain's Treasury sold 4.8 billion euros ($6.2 billion) worth of debt Thursday in an auction that attracted strong demand, paying a sharply lower interest rate on ... Read more...

Posted in Business |

Inflation to be high till fiscal consolidation is complete: Experts


September 17th, 2012 - 11:23 pm ICT by IANS
Chennai, Sep 17 (IANS) The Reserve Bank of India (RBI) has decided to wait till the effects of current fiscal consolidation is complete before tweaking the policy rates, a top ... Read more...

Posted in Business |

Australian consumer confidence rises


September 12th, 2012 - 2:05 pm ICT by IANS
Sydney, Sep 12 (IANS) The confidence of Australian consumer has risen slightly but remains weak, a survey released Wednesday by Westpac Banking Corp and the Melbourne Institute of Applied Economic ... Read more...

Posted in Business |

South Korea’s sovereign debt risks down


September 7th, 2012 - 2:06 pm ICT by IANS
Seoul, Sep 7 (IANS) South Korea's sovereign debt risks fell sharply after rating appraiser Fitch upgraded the country's sovereign rating to "AA-minus", data showed Friday.According to the Korea Center for ... Read more...

Posted in Uncategorized |

South Korean conglomerates see economy worse than 2008


August 22nd, 2012 - 1:17 pm ICT by IANS
Seoul, Aug 22 (IANS) A majority of South Korean conglomerates were seeing current economic conditions worse than those in 2008 when the global financial crisis occurred, a poll showed Wednesday.According ... Read more...

Posted in Business |

Spanish banks’ bad-loans ratio hits new record


August 18th, 2012 - 1:10 pm ICT by IANS
Madrid, Aug 18 (IANS/EFE) The ratio of non-performing loans to total outstanding loans held by Spanish banks has risen to a record 9.42 percent, topping the previous mark of 9.15 ... Read more...

Posted in Uncategorized |

Inflation down by 6.87 percent


August 14th, 2012 - 4:33 pm ICT by IANS
New Delhi, Aug 14 (IANS) India's headline inflation fell to 6.87 percent in July from 7.25 percent in the previous month, putting pressure on the Reserve Bank of India to ... Read more...

Posted in Business |

India has improved space competitiveness by 10 percent


August 2nd, 2012 - 4:36 pm ICT by IANS
Chennai, Aug 2 (IANS) India has improved its space competitiveness by 10 percent since 2008, says a study by the US-based Futron Corp.Futron Thursday announced the publication of its "Futron's ... Read more...

Posted in Sci-Tech |

RBI keeps key rates unchanged as inflation outlook worsens (Lead)


July 31st, 2012 - 2:41 pm ICT by IANS
Mumbai, July 31 (IANS) The Reserve Bank of India (RBI) Tuesday kept key policy rates unchanged for the second time since June, saying lowering them would raise the inflationary pressure.In ... Read more...

Posted in Business |

RBI cuts growth forecast to 6.5 percent, warns on inflation


July 30th, 2012 - 8:28 pm ICT by IANS
Mumbai, July 30 (IANS) India's economic growth is likely to fall to 6.5 percent, inflation accelerate and fiscal deficit widen, the Reserve Bank of India said Monday, painting a gloomy ... Read more...

Posted in Uncategorized |

Sensex jumps 304 points ahead of RBI policy review (Lead)


July 30th, 2012 - 6:56 pm ICT by IANS
Mumbai, July 30 (IANS) A benchmark index of Indian equities markets rallied nearly two percent Monday, the biggest gain in almost a month, led by strong buying support in ... Read more...

Posted in Business |

Sensex rallies 250 points ahead of RBI policy review


July 30th, 2012 - 3:25 pm ICT by IANS
Mumbai, July 30 (IANS) A benchmark index of Indian equities markets rallied over 1.5 percent in the afternoon trading Monday, led by strong buying support in interest rate sensitive ... Read more...

Posted in Business |

Inflation, fiscal deficit leave little room for rate cut


July 29th, 2012 - 5:34 pm ICT by IANS
New Delhi, July 29 (IANS) The Reserve Bank of India (RBI) is unlikely to cut interest rates when it reviews the monetary policy Tuesday as a ballooning fiscal deficit, high ... Read more...

Posted in Business |

Spain’s risk premium hits euro-era record


July 20th, 2012 - 12:20 pm ICT by IANS
Madrid, July 20 (IANS/EFE) Pressure on Spain's debt markets briefly sent the yield on the country's benchmark 10-year bond above 7 percent Thursday and caused the Iberian nation's risk premium ... Read more...

Posted in Business |

Inflation eases, but food prices surge


July 16th, 2012 - 3:12 pm ICT by IANS
New Delhi, July 16 (IANS) India's headline inflation fell to 7.25 percent in June from 7.55 percent in the previous month, putting pressure on the Reserve Bank of India to ... Read more...

Posted in Business |

South Korea’s central bank cuts 2012 growth outlook


July 13th, 2012 - 2:17 pm ICT by IANS
Seoul, July 13 (IANS) The Bank of Korea (BOK), South Korea's central bank, Friday cut its 2012 economic growth outlook for the country to 3 percent from an earlier estimate ... Read more...

Posted in Business |

Yield on Spanish bonds climbs up


July 10th, 2012 - 10:52 am ICT by IANS
Madrid, July 10 (IANS/EFE) Investors pushed the yield on Spain's benchmark 10-year bond above 7 percent by the close of trading Monday as European Union finance ministers gathered in Brussels ... Read more...

Posted in Business |

Kenya’s central bank cuts benchmark rate


July 6th, 2012 - 2:14 pm ICT by IANS
Nairobi, July 6 (IANS) Kenya's Central Bank (CBK) has reduced its interest benchmark rate (CB Rate) to 16.5 percent from 18 percent to bring inflation towards the medium-term target and ... Read more...

Posted in Business |

US stocks mixed amid disappointing data (Lead)


July 6th, 2012 - 10:19 am ICT by IANS
New York, July 6 (IANS) US stocks ended mixed Thursday amid disappointing economic data and investors' concerns over the economy.A round of mixed economic data released Thursday together with actions ... Read more...

Posted in Business |

US stocks wobble despite rate cuts


July 6th, 2012 - 4:46 am ICT by IANS
New York, July 6 (IANS) US stocks wobbled around the breakeven line Thursday, as rate cuts in both China and Europe failed to ignite the market.The European Central Bank cut ... Read more...

Posted in Business |

Beijing home sales rebound


July 2nd, 2012 - 3:56 pm ICT by IANS
Beijing, July 2 (IANS) A property market rebound has been seen in Beijing as home sales in China's capital jumped to 25,602 units in June, 10.5 percent more than in ... Read more...

Posted in Business |

Inflation too high, says RBI; defends tight money policy (Lead)


June 19th, 2012 - 10:26 pm ICT by IANS
Mumbai, June 19 (IANS) Reserve Bank of India Governor Duvvuri Subbarao Tuesday said inflation is still above the acceptable level and it cannot be brought down without monetary tightening and ... Read more...

Posted in Business |

Inflation still above acceptable levels: Subbarao


June 19th, 2012 - 9:51 pm ICT by IANS
Mumbai, June 19 (IANS) Defending the Reserve Bank of India's decision not to cut key lending rates, Governor Duvvuri Subbarao said Tuesday inflation is still above acceptable levels and ... Read more...

Posted in Business |

India’s central bank keeps key lending rates unchanged (Second Lead)


June 18th, 2012 - 1:23 pm ICT by IANS
Mumbai, June 18 (IANS) The Reserve Bank of India (RBI) Monday kept key lending rates unchanged. The re-purchase rate remains unchanged at eight percent, which automatically keeps the reverse re-purchase ... Read more...

Posted in Business |

India’s central bank keeps key lending rates unchanged (Lead)


June 18th, 2012 - 1:04 pm ICT by IANS
Mumbai, June 18 (IANS) The Reserve Bank of India (RBI) Monday kept key lending rates unchanged. The re-purchase rate remains unchanged at eight percent, which automatically keeps the reverse re-purchase ... Read more...

Posted in Business |

RBI expected to cut key lending rates to spur growth


June 17th, 2012 - 6:04 pm ICT by IANS
Mumbai, June 17 (IANS) In a bid to spur growth and boost consumer sentiment, India's central bank is expected to cut key lending rates by 25-50 basis points in ... Read more...

Posted in Uncategorized |

RBI will adjust monetary policy to spur growth: Pranab (Roundup)


June 16th, 2012 - 7:28 pm ICT by IANS
Mumbai, June 16 (IANS) Finance Minister Pranab Mukherjee Saturday exuded confidence that the Reserve Bank of India would "adjust" the monetary policy to ease macro-economic concerns of slow growth ... Read more...

Posted in Business |

Inflation rises to 7.55 percent, food prices surge


June 14th, 2012 - 2:37 pm ICT by IANS
New Delhi, June 14 (IANS) India's inflation moved up to 7.55 percent in May as compared to 7.23 percent in the previous month, mainly driven by a sharp increase in ... Read more...

Posted in Business |

Sensex 194 points up on rates cut hope (Lead)


June 12th, 2012 - 6:34 pm ICT by IANS
Mumbai, June 12 (IANS) A benchmark index of Indian equities markets Tuesday gained as much as 194.79 points amid hopes of a rates cut by the Reserve Bank of ... Read more...

Posted in Business |

China’s exports up 15 percent


June 11th, 2012 - 6:09 pm ICT by IANS
Beijing, June 11 (IANS) China's exports rose by over 15 percent in May, from the previous year, as shipments to the US increased significantly and trade with the European Union ... Read more...

Posted in Business |

IMF hails China’s monetary adjustment


June 9th, 2012 - 2:38 pm ICT by IANS
Beijing, June 9 (IANS) China's adjustment of monetary policies to stabilize growth and its determination to support higher quality growth has won praise from the International Monetary Fund (IMF)."We support ... Read more...

Posted in World |

China cuts interest rates


June 8th, 2012 - 4:24 pm ICT by IANS
Beijing, June 8 (IANS) China's central bank has cut interest rates by 25 basis points to prevent the economy from slowing further.The benchmark one-year lending rate will drop to 6.31 ... Read more...

Posted in Business |

South Korean central bank freezes key interest rate


June 8th, 2012 - 12:49 pm ICT by IANS
Seoul, June 8 (IANS) South Korea's central bank Friday froze its benchmark interest rate at 3.25 percent for June, leaving the 7-day repo rate unchanged for 12 straight months.The Bank ... Read more...

Posted in Business |

EU needs fiscal, bank integration: Spanish PM


June 6th, 2012 - 12:06 pm ICT by IANS
Madrid, June 6 (IANS/EFE) The European Union should move toward fiscal and banking integration, said Spanish Prime Minister Mariano Rajoy.Rajoy also said that the EU should make clear that the ... Read more...

Posted in Business |

No impact of rupee slide on banks: SBI chief


May 28th, 2012 - 9:59 pm ICT by IANS
Bangalore, May 28 (IANS) The rupee's slide against the dollar had no impact on Indian banking operations though profitability of importers would be affected, State Bank of India (SBI) ... Read more...

Posted in Business |

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