Russia prepared for second global crisis: Putin
September 7th, 2012 - 9:03 am ICT by IANS
Moscow, Sep 7 (IANS/RIA Novosti) Russia is better prepared for a second global financial crisis, President Vladimir Putin has said."I believe we are even better prepared because we've already experienced ... Read more...
Posted in World |
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 |
15 arrested in anti-austerity protests in Spain
July 21st, 2012 - 11:10 am ICT by IANS
Madrid, July 21 (IANS/EFE) Fifteen people were arrested and 16 sent to hospitals with minor injuries as a result of clashes that followed an anti-austerity protest in the Spanish capital.Similar ... 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 |
Spanish royals cut their own pay
July 18th, 2012 - 11:51 am ICT by IANS
Madrid, July 18 (IANS/EFE) Spain's King Juan Carlos decided to cut his salary and that of Crown Prince Felipe by 7.1 percent in line with government-mandated reductions in pay for ... Read more...
Posted in Business |
Pay cut spurs more protests by Spanish public employees
July 17th, 2012 - 12:33 pm ICT by IANS
Madrid, July 17 (IANS/EFE) Protests by public employees against the Spanish government's decision to cut their pay as part of a new austerity package continued here Monday.Prime Minister Mariano Rajoy's ... Read more...
Posted in Business |
US federal deficit narrows
July 13th, 2012 - 1:47 pm ICT by IANS
Washington, July 13 (IANS) The US federal government registered a budget deficit of about $59.7 billion in June, sharply lower than the previous month, the US treasury department reported.
The ... Read more...
Posted in Business |
Sudan’s president warns protesters of ‘incinerating summer’
July 12th, 2012 - 5:10 pm ICT by IANS
Khartoum, July 12 (IANS/RIA Novosti) Sudanese President Omar al-Bashir has warned protesters against further protests and promised them an 'incinerating summer' instead of the Arab Spring.Protests against a government austerity ... Read more...
Posted in Politics |
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 |
Slim chance of US slipping back into recession: Buffett
June 6th, 2012 - 3:55 pm ICT by IANS
Washington, June 6 (IANS) The possibility of the US economy sliding back to recession is very small despite the fragile economic recovery, US billionaire investor Warren Buffett said here.The US ... Read more...
Posted in Business |
S&P; cuts Spain rating
April 27th, 2012 - 12:57 pm ICT by IANS
New York, April 27 (IANS/EFE) Standard & Poor's Thursday reduced its long-term sovereign credit rating on Spain by two notches to BBB+ from A, expressing concern about the country's ... Read more...
Posted in Business |
Spanish economy back in recession
April 24th, 2012 - 10:51 am ICT by IANS
Madrid, April 24 (IANS/EFE) Spain's gross domestic product shrank 0.4 percent in the first three months of this year after contracting 0.3 percent in the fourth quarter of 2011, according ... Read more...
Posted in Business |
Hollande wins first round of France poll (Lead)
April 23rd, 2012 - 3:12 am ICT by IANS
Paris, April 23 (IANS) Socialist Francois Hollande has won the first round of France's presidential poll, setting up a run-off with incumbent Nicolas Sarkozy who came second.Hollande got about 28 ... Read more...
Posted in Uncategorized |
Hollande ‘wins first round’ of France poll
April 23rd, 2012 - 2:12 am ICT by IANS
Paris, April 23 (IANS) French Socialist Francois Hollande won most votes in the first round of the country's presidential election Sunday, BBC reported.Hollande got about 28 percent of votes, according ... Read more...
Posted in Politics |
Mexican government expects economy to grow in 2013
April 12th, 2012 - 11:19 am ICT by IANS
Mexico City, April 12 (IANS/EFE) Mexico's gross domestic product (GDP) is expected to grow 3.8 percent in 2013, with inflation running at 3 percent, the budget deficit at 2 percent ... Read more...
Posted in Business |
US budget deficit hits $198 bn in March
April 12th, 2012 - 3:42 am ICT by IANS
Washington, April 12 (IANS) The US federal government has registered a budget deficit of about $198 billion in March, the second largest monthly budget gap in the current fiscal ... Read more...
Posted in Business |
For reforms, Pakistani daily cites India’s example
April 3rd, 2012 - 12:14 pm ICT by IANS
Islamabad, April 3 (IANS) Had Pakistan implemented governance and fiscal reforms it might have been better placed to protect its people against rising global oil prices today, "just as India ... Read more...
Posted in World |
Fitch slashes British debt outlook (Lead)
March 15th, 2012 - 1:20 pm ICT by IANS
London, March 15 (IANS) Fitch Ratings Wednesday revised the outlook of Britain's Long-term Issuer Default Ratings (IDRs) from "stable" to "negative", citing the country's high debt levels and gloomy economic ... Read more...
Posted in Business |
EU suspends financial aid to Hungary due to its budget deficit
March 14th, 2012 - 11:20 pm ICT by BNO News
BRUSSELS, Belgium (BNO NEWS) -- The European Union (EU) on Tuesday announced that it has decided to suspend the 495.2 million euros ($648 million) in scheduled commitments for Hungary due to the ... Read more...
Posted in Business |
Spain’s 2012 deficit target eased to 5.3 percent of GDP
March 13th, 2012 - 2:01 pm ICT by IANS
Brussels, March 13 (IANS) Eurozone finance ministers have decided to ease the 2012 deficit target for Spain from the original 4.4 percent of GDP to 5.3 percent, Eurogroup President Jean-Claude ... Read more...
Posted in Business |
US reports $232 bn budget deficit
March 13th, 2012 - 4:49 am ICT by IANS
Washington, March 13 (IANS) The US Treasury Department announced Monday that the federal government registered a $231.7-billion budget deficit in February.This marked the biggest monthly budget imbalance in history, and ... Read more...
Posted in Business |
Italy’s 2011 debt-to-GDP ratio at record levels
March 3rd, 2012 - 1:45 pm ICT by IANS
Rome, March 3 (IANS) Italy's debt rose to 120.1 percent of GDP last year from 118.7 percent in 2010, the highest level since 1996, the national statistics institute Istat said.The ... Read more...
Posted in Business |
US Congress extends tax cut, jobless benefits
February 18th, 2012 - 12:41 pm ICT by IANS
Washington, Feb 18 (IANS/EFE) The US Congress approved Friday a 10-month extension of the payroll tax cut and federal unemployment benefits.The bipartisan measure, which passed the House of Representatives ... Read more...
Posted in Business |
Putin’s poll promises to cost state $170 bn
February 17th, 2012 - 11:08 pm ICT by IANS
Moscow, Feb 17 (IANS/RIA Novosti) Lavish social spending promised by Russian Prime Minister Vladimir Putin in his bid to return to the presidency will cost the state at least 5.1 ... Read more...
Posted in Uncategorized |
Nasheed sees ex-dictator Gayoom’s network behind his ouster
February 9th, 2012 - 8:41 pm ICT by IANS
Male, Feb 9 (IANS) A day after he was ousted as the Malidivian president, Mohamed Nasheed has said what happened in the country should be traced to former dictator Maumoon ... Read more...
Posted in Politics |
Spain unveils new rules to shore up banking sector
February 3rd, 2012 - 12:03 pm ICT by IANS
Madrid, Feb 3 (IANS/EFE) The government has outlined a programme aimed at shoring up Spain's ailing financial sector.The goal of the overhaul is to achieve in short order a healthier ... Read more...
Posted in Business |
US fiscal trajectory unsustainable, says US official
February 3rd, 2012 - 11:33 am ICT by IANS
Washington, Feb 3 (IANS/EFE) The growth of government debt relative to US gross domestic product is "clearly unsustainable", Federal Reserve Chairman Ben Bernanke said here Thursday in congressional testimony."To achieve ... Read more...
Posted in Business |
France narrows 2011 budget deficit
January 25th, 2012 - 1:44 pm ICT by IANS
Paris, Jan 25 (IANS) France registered a budget gap of 90.8 billion euros ($118.22 billion) in 2011, down by 4.6 billion euros from the previous year, Budget Minister Valerie Pecresse ... Read more...
Posted in Uncategorized |
Spain’s economy will shrink in 2012: IMF
January 25th, 2012 - 11:04 am ICT by IANS
Washington, Jan 25 (IANS/EFE) Spanish gross domestic product will contract 1.7 percent this year and the country is set to run a budget deficit equivalent to 6.8 percent of GDP, ... Read more...
Posted in Business |
German budget deficit in 2011 lower than expected
January 13th, 2012 - 3:32 pm ICT by IANS
Berlin, Jan 13 (IANS) Germany cut its budget deficit in 2011 to 17.3 billion euros ($22 billion), about three times less than originally forecast, the finance ministry said Thursday.Thanks to ... Read more...
Posted in Business |
Obama requests $1.2 trillion rise in borrowing limit
January 13th, 2012 - 8:30 am ICT by IANS
Washington, Jan 13 (IANS) US President Barack Obama requested Congress Thursday to raise the federal government's borrowing limit by $1.2 trillion, as the government is facing mounting budgetary pressure.It ... Read more...
Posted in Business |
`Spanish economy contracting’
December 27th, 2011 - 12:06 pm ICT by IANS
Madrid, Dec 27 (IANS/EFE) Spain's new economy minister said Monday that the nation's economy will post negative growth in the fourth quarter of this year and the first three months ... Read more...
Posted in Business |
Kids in Greece ask Santa for jobs for parents
December 24th, 2011 - 1:33 pm ICT by IANS
Athens, Dec 24 (IANS) For the first time since a "Santa Claus Post Office" opened around two decades ago in Greece, children in the debt-hit country have not only asked ... Read more...
Posted in Health Science |
Spanish budget deficit falls
December 21st, 2011 - 1:18 pm ICT by IANS
Madrid, Dec 21 (IANS) The Spanish budget deficit stood at 4.8 percent of the country's gross domestic product (GDP) by the end of November, down by 4.9 percent as against ... Read more...
Posted in Business |
Food security bill not sustainable: ADB official
December 20th, 2011 - 10:00 pm ICT by IANS
New Delhi, Dec 20 (IANS) The food security bill, that seeks to legally entitle majority of India's population to cheaper foodgrains, is not sustainable as it would put further ... Read more...
Posted in Business |