benchmark interest rate

Canadian central bank keeps interest rate unchanged


September 6th, 2012 - 1:14 pm ICT by IANS
Ottawa, Sep 6 (IANS) The Bank of Canada has left its benchmark interest rate unchanged at 1 percent, but hinted an increase could come next year when growth of the ... Read more...

Posted in Business |

Brazil’s central bank cautious over fresh interest cut


July 20th, 2012 - 3:48 pm ICT by IANS
Brasilia, July 20 (IANS) Brazil's central bank has said it would remain cautious about "any additional steps toward monetary flexibility" despite extensive market expectations of a fresh rate cut.A report ... Read more...

Posted in Business |

Canadian benchmark interest rate remains at one percent


July 18th, 2012 - 1:58 pm ICT by IANS
Ottawa, July 18 (IANS) A deteriorating global economy prompted Canada's central bank to leave its benchmark interest rate unchanged at one percent Tuesday.The deceleration in growth for China and other ... Read more...

Posted in Business |

Brazil credit-card interest rate tops 300 percent


July 18th, 2012 - 12:29 pm ICT by IANS
Brasilia, July 18 (IANS/EFE) Credit-card interest rates in Brazil climbed above 300 percent last month, a media report said.Brazilian rates are many times higher than those in other Latin American ... Read more...

Posted in Business |

South Korean central bank cuts policy rate (Lead)


July 12th, 2012 - 2:19 pm ICT by IANS
Seoul, July 12 (IANS) Bank of Korea (BOK), South Korea's central bank, unexpectedly cut its benchmark interest rate to 3 percent Thursday, lowering the 7-day repo rate for the first ... Read more...

Posted in Business |

South Korean central bank cuts key interest rate


July 12th, 2012 - 2:00 pm ICT by IANS
Seoul, July 12 (IANS) Bank of Korea (BOK), South Korea's central bank, unexpectedly cut its benchmark interest rate to 3 percent Thursday, lowering the 7-day repo rate for the first ... 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 |

Chinese banks may cut mortgage rates


June 11th, 2012 - 8:08 pm ICT by IANS
Beijing, June 11 (IANS) Chinese banks may lower their mortgage rates after the central bank decided to cut its benchmark interest rates last week, a media report said Monday.The Guangdong ... 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 |

Bank of Canada holds benchmark interest rate


June 6th, 2012 - 3:00 pm ICT by IANS
Ottawa, June 6 (IANS) Canada's central bank has kept its benchmark interest rate at 1 percent, which has been unchanged since September 2010, the longest period it has stayed neutral ... Read more...

Posted in Business |

South Korean bank freezes key interest rate


May 10th, 2012 - 1:50 pm ICT by IANS
Seoul, May 10 (IANS) South Korea's central bank said Thursday that it froze the benchmark interest rate at 3.25 percent for May, leaving the 7-day repo rate unchanged for 11 ... Read more...

Posted in Business |

Home prices down in China


April 18th, 2012 - 7:25 pm ICT by IANS
Beijing, April 18 (IANS) New home prices in most Chinese cities have declined in March, the country's National Bureau of Statistics (NBS) said Wednesday.In March, 46 of the statistical pool ... Read more...

Posted in Business |

South Korea’s central bank freezes key interest rate


April 13th, 2012 - 1:25 pm ICT by IANS
Seoul, April 13 (IANS) South Korea's central bank Friday said it froze the benchmark interest rate at 3.25 percent for April, leaving the 7-day repo rate unchanged for 10 straight ... Read more...

Posted in Business |

Canada’s inflation rate rises


March 24th, 2012 - 2:29 pm ICT by IANS
Ottawa, March 24 (IANS) Pushed by the increase of energy and food prices, Canada's inflation rate rose to 2.6 percent in February from 2.5 percent in the previous month, Statistics ... Read more...

Posted in Business |

US stocks end higher


January 26th, 2012 - 8:57 am ICT by IANS
New York, Jan 26 (IANS) US stocks rose Wednesday after the Federal Reserve said it will not raise interest rates until at least 2014, maintaining its accommodative stance to support ... Read more...

Posted in Business |

South Korea’s central bank leaves key rate unchanged


January 13th, 2012 - 3:33 pm ICT by IANS
Seoul, Jan 13 (IANS) The Bank of Korea (BOK) left its benchmark interest rate unchanged at 3.25 percent Friday, keeping its rate freeze stance for a seventh straight month due ... Read more...

Posted in Business |

China’s GDP to grow by 8.8 percent in 2012


January 3rd, 2012 - 2:27 pm ICT by IANS
Beijing, Jan 3 (IANS) China's GDP will grow by about 8.8 percent in 2012, further moderating from 9.1 percent in the third quarter of 2011, the central bank said.The bank ... Read more...

Posted in Business |

US economy grew only 1.8 percent in Q3


December 23rd, 2011 - 11:52 am ICT by IANS
Washington, Dec 23 (IANS/EFE) The US economy grew at an annualized rate of 1.8 percent in the third quarter and not 2.5 percent as originally thought, the Commerce Department said ... Read more...

Posted in Business |

South Korea’s central bank leaves interest rates unchanged


October 13th, 2011 - 2:08 pm ICT by IANS
Seoul, Oct 13 (IANS) The Bank of Korea (BOK) left its benchmark interest rate unchanged at 3.25 percent Thursday.Governor Kim Choong-soo and monetary policy board members decided to freeze the ... Read more...

Posted in Business |

Wall Street up for third day


October 7th, 2011 - 5:48 am ICT by IANS
New York, Oct 7 (IANS) US stocks ended higher for the third straight day Thursday, with Dow Jones back to 11,000-plus points after decent jobs data and stronger-than-expected retail sales, ... Read more...

Posted in Business |

China may raise interest rate in Q3


July 3rd, 2011 - 2:42 am ICT by IANS
Beijing, July 3 (IANS) China may raise its benchmark interest rate in the third quarter to contain inflationary pressures, a media report said Saturday.Reserve requirement ratios for large financial institutions ... Read more...

Posted in Business |

‘China’s inflation to surpass Govt target despite measures’


April 19th, 2011 - 2:59 pm ICT by ANI
Beijing, Apr 18 (ANI): Wang Tao, the head of China Economic Research at UBS AG, has said that the country's inflation will surpass the government's target despite more expected tightening measures, this ... Read more...

Posted in World |

New Zealand raises interest rate to 2.75 percent


June 10th, 2010 - 8:45 am ICT by IANS
Wellington, June 10 (DPA) New Zealand's central bank Thursday raised the benchmark interest rate by 25 basis points to 2.75 per cent, the first hike in over a year. Reserve Bank governor Alan ... Read more...

Posted in Business |

Fake divorces: The way round China’s home restrictions


May 16th, 2010 - 11:27 am ICT by IANS
Beijing, May 16 (IANS) More and more Chinese couples are registering for "fake" divorces, after they discovered a loophole in the country's housing policy that prohibits married people from buying a second ... Read more...

Posted in Health Science |

In China, get a divorce to buy second home!


May 13th, 2010 - 4:41 pm ICT by ANI
New Delhi, May 13 (ANI): Li Guoliang, 42, is planning to divorce his wife, not to end an unhappy marriage, but to buy a second home.His decision came after the Chinese government ... Read more...

Posted in South Asia |

China’s new housing rules may lead to divorce surge


May 3rd, 2010 - 1:47 pm ICT by IANS
Beijing, May 3 (IANS) Buyers of new house in China may resort to divorce or postponing marriage in order to save money as per the new housing rules, a report in the ... Read more...

Posted in Business |

Bank of Japan to pump more cash to counter deflation


December 1st, 2009 - 4:54 pm ICT by IANS
Tokyo, Dec 1 (DPA) The Bank of Japan said it would inject more cash into the financial system after an emergency meeting the bank called Tuesday to help the government counter deflation. The ... Read more...

Posted in Business |

Bank of Japan ends emergency measures, leaves interest rates low


October 30th, 2009 - 3:34 pm ICT by IANS
Tokyo, Oct 30 (DPA) Japan's central bank decided Friday to end its purchases of corporate debt at the end of this year as the world's central banks begin withdrawing emergency measures taken ... Read more...

Posted in Business |

US Fed keeps interest rates steady near 0 percent


August 13th, 2009 - 2:57 am ICT by IANS
Washington, Aug 13 (DPA) The Federal Reserve kept its benchmark interest rate at near 0 percent Wednesday and showed no signs of changing course as the US begins to emerge from a ... Read more...

Posted in Business |

US stocks gain as surprising earnings overshadow GDP report


April 30th, 2009 - 5:03 am ICT by IANS
New York, April 30 (DPA) US stocks posted strong gains Wednesday as most companies that reported profits for the first quarter beat estimates on the day, drowning out reports of a ... Read more...

Posted in Business |

US stocks surge on central bank’s bold actions


March 19th, 2009 - 6:22 am ICT by IANS
New York, March 19 (DPA) US stocks rallied Wednesday, posting their sixth gain in seven days after the Federal Reserve announced a new series of aggressive moves to shore up the US ... Read more...

Posted in Business |

Japan’s central bank holds rates, raises purchase of government bonds


March 18th, 2009 - 12:11 pm ICT by IANS
Tokyo, March 18 (DPA) Japan's central bank Wednesday kept its benchmark interest rate unchanged at 0.1 percent but decided to step up its purchases of government debt. The Bank of Japan is to ... Read more...

Posted in World |

‘New Zealand business confidence lowest since 1970′


January 13th, 2009 - 3:33 pm ICT by IANS
Wellington, Jan 13 (DPA) Business activity and confidence in New Zealand, which has been in recession since the start of 2008, is at its lowest since 1970, according to a survey of ... Read more...

Posted in Business |

China shares close flat on weak investor confidence


December 17th, 2008 - 3:27 pm ICT by IANS
Beijing, Dec 17 (Xinhua) In contrast to gains on regional markets following an overnight strong rally on Wall Street, Chinese stocks closed merely 0.09 percent higher amid heavy trading Wednesday. Earlier gains ... Read more...

Posted in World |

US Fed slashes interest rates to record low (Lead)


December 17th, 2008 - 3:46 am ICT by IANS
Washington, Dec 17 (DPA) The US Federal Reserve Tuesday slashed interest rates to an unprecedented "target range" of 0 to 0.25 percent - an historic low for the US and part ... Read more...

Posted in World |

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