bn

Consumers owe Rs.232 bn to Pakistan’s power firms


September 11th, 2012 - 5:58 pm ICT by IANS
Islamabad, Sep 11 (IANS) Public and private sector consumers owe Rs.232 billion to companies supplying electricity across Pakistan, authorities said.The ministry of water and power told the National Assembly Monday ... Read more...

Posted in South Asia |

Russia to spend $21 bn on space industry


September 11th, 2012 - 2:42 am ICT by IANS
Moscow, Sep 11 (IANS/RIA Novosti) Russia will spend 670 billion rubles ($21 billion) to develop its space industry in the coming years, Prime Minister Dmitry Medvedev said Monday."This is big ... Read more...

Posted in World |

Remittances to India rose to $66.13 bn in 2011-12


September 7th, 2012 - 9:34 pm ICT by IANS
New Delhi, Sep 7 (IANS) Remittances to India surged to $66.13 billion in 2011-12 as compared to $55.62 billion in the previous year, Minister of Overseas Indian Affairs Vayalar Ravi ... Read more...

Posted in Business |

Indian automobile industry turnover $145 bn by 2016: Patel


September 5th, 2012 - 6:00 pm ICT by IANS
New Delhi, Sep 5 (IANS) Heavy Industries Minister Praful Patel Wednesday said the Indian automobile and auto component industry turnover will reach $145 billion by 2016 to account for more ... Read more...

Posted in Uncategorized |

‘Corruption costs South Africa over $80 bn’


September 5th, 2012 - 5:25 pm ICT by IANS
Cape Town, Sep 5 (IANS) South Africa has lost 675 billion rand (about $80 billion) due to corruption since the end of apartheid in 1994, it was revealed Wednesday.The figure ... Read more...

Posted in World |

Apple awarded $1 bn in patent fight with Samsung


August 25th, 2012 - 10:56 am ICT by IANS
Washington, Aug 25 (IANS) Apple scored a huge victory as a federal jury in California found rival Samsung guilty of "wilful" violations of a number of Apple's patents and awarded ... Read more...

Posted in World |

China to invest $375 bn in energy-saving projects


August 22nd, 2012 - 1:14 pm ICT by IANS
Beijing, Aug 22 (IANS) China plans to invest 2.37 trillion yuan ($375.6 billion) in major energy-saving projects during the 12th Five-Year Plan period (2011-2015), said authorities.The projects are expected to ... Read more...

Posted in Business |

Process of awarding coal blocks caused $37 bn loss: Auditor


August 17th, 2012 - 3:10 pm ICT by IANS
New Delhi, Aug 17 (IANS) The lack of transparency in the allocation of coal blocks to private players resulted in a loss of a whopping Rs.1.85 lakh crore ($37 billion) ... Read more...

Posted in Politics |

Over $50 bn illicitly transferred from Africa annually: Mbeki


August 16th, 2012 - 12:36 am ICT by IANS
Nairobi, Aug 15 (IANS) Over $50 billion is illicitly transferred from Africa annually with multinational corporations being the main culprits, said former South African president Thabo Mbeki here Wednesday.Mbeki, chairman ... Read more...

Posted in Politics |

India’s forex reserves rise to $289.15 bn


August 11th, 2012 - 5:30 pm ICT by IANS
Mumbai, Aug 11 (IANS) India's foreign exchange (forex) reserves grew by $502.2 million to $289.15 billion for the week ended Aug 3, 2012, the Reserve Bank of India's (RBI) data ... Read more...

Posted in Business |

US federal government has $69.6 bn deficit


August 11th, 2012 - 12:59 pm ICT by IANS
Washington, Aug 11 (IANS) The US federal government registered a budget deficit of about $69.6 billion in July, bringing the total budget gap for the first 10 months of this ... Read more...

Posted in Business |

China spent $15 bn on poor students’ education


August 9th, 2012 - 11:03 pm ICT by IANS
Beijing, Aug 9 (IANS) China spent nearly 100 billion yuan ($15.7 billion) to support education for poor students, a media report said Thursday.The total amount spent on sponsoring students reached ... Read more...

Posted in World |

Myanmar foreign trade hits $5 bn


August 9th, 2012 - 8:14 pm ICT by IANS
Yangon, Aug 9 (IANS) Myanmar's foreign trade hit $5.35 billion in the first four months (April-July) of the 2012-13 fiscal year.Of the total, export amounted to $2.61 billion, while import ... Read more...

Posted in South Asia |

US Treasury to receive $5.75 bn from AIG stock sale


August 7th, 2012 - 1:36 pm ICT by IANS
Washington, Aug 7 (IANS) The US Treasury has said that it expected to receive $5.75 billion from the latest sale of the American International Group (AIG) stock, $750 million more ... Read more...

Posted in Business |

NASA gives three firms $1.1 bn to build new spacecraft


August 4th, 2012 - 10:05 pm ICT by IANS
Washington, Aug 4 (IANS) NASA has given three firms a total of $1.1 billion to build a new range of "space taxis" that will take astronauts to the International Space ... Read more...

Posted in World |

Britain paid record $30 bn to EU in 2011


August 1st, 2012 - 8:06 pm ICT by IANS
London, Aug 1 (IANS) British taxpayers paid a record 19.2 billion pounds ($30 billion) to the European Union last year, The Sun reported WednesdayOfficial statistics reveal that the British payments ... Read more...

Posted in Business |

India’s forex reserves rise by $589 bn


July 29th, 2012 - 4:52 pm ICT by IANS
Mumbai, July 29 (IANS) India's foreign exchange (forex) reserves grew by $589 billion to $287.34 billion for the week ended July 20, central bank data showed.Foreign currency assets, the biggest ... Read more...

Posted in Business |

London Olympics means $26 bn boost for Britain


July 29th, 2012 - 12:03 am ICT by IANS
London, July 28 (IANS) As the sporting extravaganza of London Olympics 2012 started Saturday, irrespective of the medals' tally for Britain, the country's stuttering economy is all set to benefit ... Read more...

Posted in Sports |

Myanmar’s foreign trade hits nearly $5 bn


July 24th, 2012 - 2:22 pm ICT by IANS
Yangon, July 24 (IANS) Myanmar's foreign trade hit nearly $5 billion in the first three months (April-June) of the fiscal year 2012-13, a media report said Tuesday. Of the foreign ... Read more...

Posted in South Asia |

Nigeria approves $1.5 bn for railway project


July 19th, 2012 - 1:17 pm ICT by IANS
Abuja, July 19 (IANS) The Nigerian government has approved $1.5 billion for a railway network modernisation project.The southwestern Lagos-Ibadan double track railway line modernization is one of the west African ... Read more...

Posted in Business |

Corporation Bank needs Rs.16 bn to meet Basel III norms


July 18th, 2012 - 6:08 pm ICT by IANS
Kolkata, July 18 (IANS) Public sector Corporation Bank will require capital infusion of Rs.16 billion to meet Basel III capital adequacy norms for 2013-14, Chairman and Managing Director Ajai Kumar ... Read more...

Posted in Uncategorized |

Iran demands $4 bn from Russia over cancelled missile deal


July 6th, 2012 - 12:03 am ICT by IANS
Moscow, July 5 (IANS/RIA Novosti) Iran has filed a $4 billion law suit against Russia's state arms corporation Rosoboronexport in an international court in Geneva over a missile deal that ... Read more...

Posted in World |

India-Nepal trade could reach $10 bn by 2017: Envoy


July 5th, 2012 - 10:36 pm ICT by IANS
Kolkata, July5 (IANS) Bilateral trade between India and Nepal could touch $10 billion over the next five years, its envoy to India said Thursday."Our trade with India has shown good ... Read more...

Posted in South Asia |

World Bank allocates $52.6 bn of assistance in 2012


June 30th, 2012 - 4:14 pm ICT by IANS
Jakarta, June 30 (IANS) The World bank (WB) has allocated $52.6 billion of assistance fund for developing countries in the fiscal year of 2012, a statement released by it said ... Read more...

Posted in Business |

Russia to deliver ammunition worth $1 bn to India


June 29th, 2012 - 5:46 pm ICT by IANS
Moscow, June 29 (IANS) Russia will deliver ammunition, including tank and artillery shells, worth $1 billion to India, a media report said.The Vedomosti daily found that one of the ... Read more...

Posted in World |

EU leaders agree on 120 bn euro growth initiatives


June 29th, 2012 - 1:35 pm ICT by IANS
Brussels, June 29 (IANS) European Union (EU) top leaders have agreed on a package of growth initiatives worth 120 billion euros (about $150 billion) to help the most vulnerable economies ... Read more...

Posted in Business |

China’s foreign debts total $751 bn


June 26th, 2012 - 5:12 pm ICT by IANS
Beijing, June 26 (IANS) China's outstanding external debts totalled $751.26 by the end of March, the foreign exchange regulator said Tuesday.Medium and long-term foreign debts totalled $193.56 billion, while short-term ... Read more...

Posted in Business |

China to invest over $500 bn in tourism sector


June 20th, 2012 - 3:47 pm ICT by IANS
Beijing, June 20 (IANS) China will invest up to 3.2 trillion yuan (around $503 billion) in the tourism sector this year, experts have said.Liu Feng, founder of the Beijing Davost ... Read more...

Posted in World |

India-Israel trade can go up to $15 bn, says envoy


June 20th, 2012 - 2:12 pm ICT by IANS
Kolkata, June 20 (IANS) Bilateral trade between India and Israel can go up to $15 billion after the two countries are expected to sign a free trade agreement (FTA) by ... Read more...

Posted in Business |

G20 may contribute over $450 bn to IMF: Calderon


June 20th, 2012 - 11:10 am ICT by IANS
Los Cabos (Mexico), June 20 (IANS/RIA Novosti) The Group of Twenty (G20) major economies may contribute more than $450 billion to the International Monetary Fund (IMF), G20 summit host Mexican ... Read more...

Posted in Business |

Greece votes on EU bailout


June 17th, 2012 - 5:35 pm ICT by IANS
Athens, June 17 (IANS) Voting began Sunday for crucial elections in Greece that are expected to determine the country's future in the Eurozone, with the main contenders being the right-wing ... Read more...

Posted in Uncategorized |

Brazil optimistic on crossing $15 bn trade target with India


June 14th, 2012 - 10:30 pm ICT by IANS
Kolkata, June 14 (IANS) Amid global economic downturn and India's persistent slowdown in economic growth, Brazil is optimistic that its bilateral trade with India would surpass the target of $15 ... Read more...

Posted in Business |

Russian media market to grow to $39 bn by 2016


June 14th, 2012 - 9:37 pm ICT by IANS
Moscow, June 14 (IANS/RIA Novosti) Russia's entertainment and media market will grow to $39 billion by 2016, with consumer spending in the sector to grow at an average annual rate ... Read more...

Posted in Entertainment |

China to loan $10 bn to SCO nations


June 8th, 2012 - 8:56 pm ICT by IANS
Beijing, June 8 (IANS) China has pledged a $10 billion loan to support economic development in the member countries of the Shanghai Cooperation Organization (SCO).A two-day meeting of the heads ... Read more...

Posted in Business |

China to issue $10 bn in loans to SCO members


June 7th, 2012 - 12:51 pm ICT by IANS
Beijing, June 7 (IANS/RIA Novosti) China is ready to allocate $10 billion worth of loans to members of the Shanghai Cooperation Organization (SCO), President Hu Jintao said Thursday at the ... Read more...

Posted in World |

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