central bank governor

Still ‘chasing the monsoon’ to lift India’s fortune


July 2nd, 2012 - 5:58 pm ICT by IANS
New Delhi, July 2 (IANS) No other weather phenomenon, perhaps, captures the attention of Indians as does monsoon, a shortfall of which can not just send the economy reeling, ... Read more...

Posted in Health Science |

India’s growth pegged at 7.3 percent, inflation at 6.5 percent


April 17th, 2012 - 1:47 pm ICT by IANS
Mumbai, April 17 (IANS) India's central bank has projected the country's economic growth at 7.3 percent this fiscal, even as it has assessed the inflation rate to rule at around ... Read more...

Posted in Business |

G20 finance ministers meet in Mexico


February 25th, 2012 - 2:58 pm ICT by IANS
Mexico City, Feb 25 (IANS) The finance ministers of the Group of 20 countries and central bank governors met here Friday, aiming to promote economic stability.At the opening ceremony, Mexico's ... Read more...

Posted in Business |

Recession possible in Finland: Official


December 16th, 2011 - 2:01 pm ICT by IANS
Helsinki, Dec 16 (IANS) Finland's central bank governor warned Thursday Finland could slip back into recession next year.The country's economic situation deteriorated significantly due to the eurozone sovereign debt crisis, ... Read more...

Posted in Business |

Indonesian central bank pushes for cut in lending rates


December 12th, 2011 - 1:52 pm ICT by IANS
Jajarta, Dec 12 (IANS) Indonesian central bank has asked commercial banks in the country to lower their interest rates as the country will rely much on its domestic consumption to ... Read more...

Posted in Business |

Sri Lanka disappointed after losing Hambantota bid


November 12th, 2011 - 5:55 pm ICT by IANS
Colombo, Nov 12 (IANS) Sri Lanka Saturday expressed disappointment after losing its bid to host the 2018 Commonwealth Games in the southern port city of Hambantota.Sri Lanka lost the bid ... Read more...

Posted in Uncategorized |

China faces price rise pressure


September 25th, 2011 - 5:44 pm ICT by IANS
Beijing, Sep 25 (IANS) China faces the pressure of price rise and capital inflows in the short term while its economic outlook remains positive, central bank governor Zhou Xiaochuan has ... Read more...

Posted in Business |

Two French banks downgraded by Moody’s


September 14th, 2011 - 5:39 pm ICT by IANS
Paris, Sep 14 (IANS) Financial ratings agency Moody's Wednesday downgraded two leading French banks, Societe Generale and Credit Agricole SA. The US-based agency has cut Credit Agricole's rating from AA1 ... Read more...

Posted in Business |

India presses Lagarde on more voice in IMF for emerging economies


June 30th, 2011 - 12:54 am ICT by IANS
Washington, June 29 (IANS) Finance Minister Pranab Mukherjee has expressed the hope that under the leadership of Chritine Lagaarde, the International Monetary Fund (IMF) will deal effectively and fairly ... Read more...

Posted in Business |

Christine Lagarde is new IMF chief


June 29th, 2011 - 3:19 am ICT by IANS
Washington, June 29 (IANS) French Finance Minister Christine Lagarde was Tuesday named as the new chief of the International Monetary Fund (IMF), Xinhua reported.Lagarde will become the first woman to ... Read more...

Posted in Business |

Lagarde is new IMF chief


June 29th, 2011 - 12:52 am ICT by IANS
Washington, June 28 (IANS) The International Monetary Fund (IMF) announced Tuesday it has selected French Finance Minister Christine Lagarde as its next managing director, Xinhua reported.Lagarde's rival candidate was Mexico's ... Read more...

Posted in Uncategorized |

India yet to decide on IMF chief nominee


June 17th, 2011 - 1:44 pm ICT by IANS
New Delhi, June 17 (IANS) India has not yet decided on who to support as the next chief of the International Monetary Fund (IMF), Finance Minister Pranab Mukherjee said ... Read more...

Posted in Business |

RBI governor meets finance minister ahead of policy review


April 29th, 2011 - 5:03 pm ICT by IANS
New Delhi, April 29 (IANS) Ahead of a review of the monetary policy next week, Reserve Bank of India Governor D. Subbarao met Finance Minister Pranab Mukherjee Friday."As a ... Read more...

Posted in Business |

Mexico’s central bank raises growth forecast


February 10th, 2011 - 3:15 pm ICT by IANS
Mexico City, Feb 10 (IANS/EFE) Mexico's central bank has announced it has revised upward its forecast for economic growth this year, from a range of 3.2 percent to 4.2 percent to one ... Read more...

Posted in Business |

Egypt’s credit rating downgraded (Lead)


February 5th, 2011 - 6:28 pm ICT by IANS
Cairo, Feb 5 (IANS) Egypt's credit rating and economic outlook have been downgraded by rating agencies due to the ongoing political unrest. Credit Agricole bank revised downward its growth forecast for Egypt ... Read more...

Posted in Business |

Arabs believe Mubarak’s autocratic rule would inevitably end


January 30th, 2011 - 12:57 pm ICT by ANI
Davos (Switzerland), Jan 30 (ANI): Egyptian President Hosni Mubarak might have shown no sign of steeping down by appointing Omar Suleiman, the country's intelligence chief and a close ally, as his Vice ... Read more...

Posted in World |

Indonesian MP’s launch whip-round for pay-freeze President


January 27th, 2011 - 10:51 pm ICT by Aishwarya Bhatt
Jakarta, Jan 27 (THAINDIAN NEWS) The very generous Indonesian MP’s have decided to do something for their President Susilo Bambang Yudhoyono, whose salary has been fixed since the last 7 years. The ... Read more...

Posted in Politics |

China’s GDP growth is likely to reach 10% by 2010


January 5th, 2011 - 5:43 pm ICT by ANI
Beijing, Jan 5 (ANI): China's central bank Governor, Zhou Xiaochuan, has said that the country's 2010 economic growth is expected to be about 10 percent.Xinhua quoted Zhou as saying that he was ... Read more...

Posted in World |

UAE, Maldives sign MoU on banking cooperation


December 20th, 2010 - 12:32 am ICT by IANS
Abu Dhabi, Dec 19 (IANS/WAM) The Central Bank of the UAE and the Maldives Monetary Authority Sunday signed a memorandum of understanding (MoU) here to boost cooperation in the banking sector.The agreement ... Read more...

Posted in Business |

US dollar is still the best choice: UAE Central Bank governor


December 6th, 2010 - 3:37 pm ICT by IANS
By Rahul Dass Abu Dhabi, Dec 6 (IANS) The US dollar is still the best choice for the global economy, United Arab Emirates (UAE) Central Bank Governor Sultan Bin Nasser Al Suwaidi said ... Read more...

Posted in Business |

Inflation may fall to 6.5 percent by end-December: Rangarajan


November 30th, 2010 - 8:13 pm ICT by IANS
New Delhi, Nov 30 (IANS) Terming general price rise as India's biggest fiscal concern, a top advisor to the prime minister and former central bank governor Tuesday said inflation, nevertheless, would moderate ... Read more...

Posted in Business |

Improve pay at public sector banks: Subbarao


September 7th, 2010 - 7:56 pm ICT by IANS
Mumbai, Sep 7 (IANS) India's central bank governor Tuesday said pay packages at state-run banks need to be revamped and brought at par with their private sector peers if they are to ... Read more...

Posted in Business |

All Indians ‘chasing the monsoon’


July 27th, 2010 - 6:34 pm ICT by IANS
Mumbai, July 27 (IANS) Reserve Bank of India (RBI) Governor D. Subbarao Tuesday stressed how important the annual rain showers between June and mid-October were for the country, using the title ... Read more...

Posted in Business |

India’s central bank hikes key rates to tame inflation


July 27th, 2010 - 1:31 pm ICT by IANS
Mumbai, July 27 (IANS) India's central bank Tuesday stepped up the attack in its battle against rising prices, hiking some key rates in a bid to suck excess money out of the ... Read more...

Posted in Business |

Pakistan’s central bank chief quits ahead of budget


June 3rd, 2010 - 8:04 pm ICT by IANS
Islamabad, June 3 (IANS) Pakistan's central bank governor has resigned citing "personal reasons", two days ahead of the announcement of the country's annual budget. Syed Salim Raza, Governor of State Bank of Pakistan ... Read more...

Posted in South Asia |

Oz central bank embroiled in sex and banknote bribe deals


May 24th, 2010 - 6:58 pm ICT by ANI
Melbourne, May 24 (ANI): The Reserve Bank of Australia is embroiled in allegations of bribery to win foreign contracts.According to The Age, a Reserve Bank of Australia currency firm was willing to ... Read more...

Posted in World |

China says export recovery to take up to three years


March 6th, 2010 - 2:20 pm ICT by IANS
Beijing, March 6 (DPA) China expects the slow recovery of its exports from the global financial crisis to take up to three more years, Commerce Minister Chen Deming said Saturday. "Our exports ... Read more...

Posted in Business |

Brazil unveils new banknotes


February 4th, 2010 - 11:59 am ICT by IANS
Brasilia, Feb 4 (IANS) Brazil's Central Bank has unveiled new banknotes with superior print quality and new security features to prevent counterfeiting. The new bills unveiled Wednesday are in denominations of 2, ... Read more...

Posted in Business |

Inflation surge prompts India’s central bank to hike cash ratio (Round-up)


January 29th, 2010 - 4:07 pm ICT by IANS
Mumbai, Jan 29 (IANS) Shifting its stand from an accommodative monetary policy to managing inflation, pegged at a high 8.5 percent by end-March, India's central bank hiked a key policy rate ... Read more...

Posted in Business |

US stocks continue rise amidst worldwide rally


October 7th, 2009 - 8:30 am ICT by IANS
New York, Oct 7 (DPA) US stocks continued to rally Tuesday, buoyed by anticipation that third-quarter earnings starting later this week will exceed estimates even as the dollar continued to fall. The ... Read more...

Posted in Business |

India’s central bank holds key rates amid caution on inflation (Roundup)


July 28th, 2009 - 3:56 pm ICT by IANS
Mumbai, July 28 (IANS) As parliament was witnessing some angry protests over rising food prices Tuesday, India's central bank cautioned that inflation rate can soon balloon to 5 percent, terming the current ... Read more...

Posted in Business |

Central bank will aim at 9 percent growth: Governor


July 11th, 2009 - 8:33 pm ICT by IANS
Mumbai, July 11 (IANS) Reserve Bank of India (RBI) Governor D. Subbarao has expressed optimism that India will soon return to a high economic growth of 9 percent, even as he ruled ... Read more...

Posted in Business |

‘Regulation insulated India from economic crisis’


May 13th, 2009 - 4:01 pm ICT by IANS
New Delhi, May 13 (IANS) The current global financial crisis, the worst in six decades, is expected to bottom out from the end of this year even as India has managed to ... Read more...

Posted in Business |

Inflation rate in India close to zero


April 16th, 2009 - 4:28 pm ICT by ANI
New Delhi, Apr 16 (ANI): The rate of Inflation in India for the week ended April 4 fell to a 30-year low of 0.18 percent, from 0.26 percent a week earlier, government ... Read more...

Posted in National |

Nepal unveils new commerce policy


April 8th, 2009 - 1:30 pm ICT by IANS
Kathmandu, April 8 (Xinhua) The Nepal government has unveiled a new commerce policy that aims at economic development and poverty alleviation by enhancing the contribution to national economy through commerce, a media ... Read more...

Posted in Business |

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