central banks

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 |

African central bank governors seek monetary integration


August 31st, 2012 - 1:38 pm ICT by IANS
Algiers, Aug 31 (IANS) African central banks' governors have called for speeding up of the process of monetary integration in Africa as a step towards achieving the goals of creating ... 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 |

Sensex closes 17 points down on growth worries (Roundup)


July 6th, 2012 - 8:07 pm ICT by IANS
Mumbai, July 6 (IANS) A benchmark index for the Indian equities markets Friday closed 17 points down on global growth concerns. Realty, metal and consumer durable stocks were the ... Read more...

Posted in Business |

Sensex falls on global economic growth worries


July 6th, 2012 - 3:00 pm ICT by IANS
Mumbai, July 6 (IANS) A benchmark index for the Indian equities markets fell 0.31 percent in the afternoon session Friday due to selling pressure in realty, metal and IT ... 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 |

RBI announces steps to revive rupee


June 25th, 2012 - 4:16 pm ICT by IANS
Mumbai, June 25 (IANS) The Reserve Bank of India (RBI) Monday announced a series of measures, including raising limits for external commercial borrowings and government securities, that would help revive ... Read more...

Posted in Business |

Sensex gains 272 points on rate cut hope, global cues (Lead)


June 15th, 2012 - 6:55 pm ICT by IANS
Mumbai, June 15 (IANS) Backed by firm global cues, a benchmark index of Indian equities markets Friday gained 272 points on hopes of a rate-cut by the Reserve Bank ... Read more...

Posted in Business |

US stocks gain on positive service data


June 6th, 2012 - 6:57 am ICT by IANS
New York, June 6 (IANS) US stocks gained Tuesday, with the Dow Jones industrial average snapping a four-day losing streak, as investors felt heartened after a better-than-expected service report.When the ... Read more...

Posted in Business |

Governments need to regain citizens’ trust: OECD chief


May 22nd, 2012 - 5:51 pm ICT by IANS
Paris, May 22 (IANS) The biggest challenge for governments today is to regain the trust of their citizens in the wake of the global financial crisis, Organisation of Economic Cooperation ... Read more...

Posted in Business |

MFN status to India by year-end: Pakistan


May 2nd, 2012 - 6:55 pm ICT by IANS
Dubai, May 2 (IANS) Pakistan will grant India most favoured nation (MFN) status by the end of this year, the country's commerce minister has said."There are some technicalities and after ... Read more...

Posted in South Asia |

Australian inflation marginally up in April


April 30th, 2012 - 1:50 pm ICT by IANS
Sydney, April 30 (IANS) The consumer price in Australia continued to rise in April, said a survey released Monday.The TD Securities-Melbourne Institute Monthly Inflation Gauge rose 0.3 percent in April ... Read more...

Posted in Uncategorized |

India proposes working group for BRICS development bank


April 20th, 2012 - 7:49 pm ICT by IANS
Washington, April 20 (IANS) India has suggested setting up a working group comprising officials from finance ministries and central banks of the five BRICS countries for the formation of ... Read more...

Posted in Uncategorized |

Huge capital inflows from West hurting us: BRICS


March 29th, 2012 - 7:49 pm ICT by IANS
New Delhi, March 29 (IANS) The world's leading emerging economies Thursday asked for increased global cooperation to stem excessive capital inflows into their respective countries as it could play havoc ... Read more...

Posted in World |

US stocks mixed as investors await Greek deal


February 18th, 2012 - 1:21 am ICT by IANS
New York, Feb 17 (IANS) US stocks traded mixed Friday as investors cautiously awaited a final Greek debt deal.Optimism rose as eurozone central banks agreed to swap their existing Greek ... Read more...

Posted in Business |

Zardari seeks preferential trade ties with Myanmar (Lead)


January 25th, 2012 - 1:15 pm ICT by IANS
Islamabad, Jan 25 (IANS) President Asif Ali Zardari has called for enhancing two-way trade between Pakistan and Myanmar and establishing a preferential tariff arrangement leading to the culmination of a ... Read more...

Posted in South Asia |

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 |

New US sanctions against Iran


January 1st, 2012 - 3:22 pm ICT by IANS
Los Angeles, Jan 1 (IANS) US President Barack Obama has signed into law a wide-ranging defence funding bill that also calls for sanctions against financial institutions doing business with ... Read more...

Posted in Politics |

Eurozone to lend 150 bn euros to IMF


December 20th, 2011 - 3:15 pm ICT by IANS
Brussels, Dec 20 (IANS) Eurozone countries Monday have agreed to channel 150 billion euros (about $195 billion) to the International Monetary Fund (IMF) to boost a firewall against the debt ... Read more...

Posted in Business |

Positive global cues help Sensex to the best weekly performance in two years (Weekly market review)


December 4th, 2011 - 3:45 pm ICT by IANS
Mumbai, Dec 4 (IANS) Benchmark indices of Indian equities staged one of their best weekly performances in over two years this week, adding over 7 percent, as markets in ... Read more...

Posted in Business |

IMF to lower global economic forecast


December 2nd, 2011 - 4:11 pm ICT by IANS
Washington, Dec 2 (IANS) The International Monetary Fund (IMF) said Thursday it would revise down the global economic growth pace next month as the financial turmoil triggered by the eurozone ... Read more...

Posted in Uncategorized |

South Korea’s foreign reserves shrink to $308 bn


December 2nd, 2011 - 3:55 pm ICT by IANS
Seoul, Dec 2 (IANS) South Korea's foreign reserves contracted to $308.63 billion last month due to a reduction in conversion value of non-dollar denominated assets, the central bank said Friday.Foreign ... Read more...

Posted in Business |

Sensex rises 360 points on global cues


December 1st, 2011 - 6:55 pm ICT by IANS
Mumbai, Dec 1 (IANS) A benchmark index for Indian equities Thursday closed nearly 360 points higher after paring some of its early gains. The markets responded to positive sentiments ... Read more...

Posted in Business |

S&P; slashes top US banks’ credit ratings


November 30th, 2011 - 1:33 pm ICT by IANS
New York, Nov 30 (IANS) Standard & Poors Ratings Services said Tuesday it has slashed top US banks' ratings as part of a process of "applying its new ratings criteria ... Read more...

Posted in Business |

‘Bank of England may have to print more money’


October 10th, 2011 - 10:33 pm ICT by IANS
London, Oct 10 (IANS) A leading economist of the Bank of England has warned it may be required to print even more money to support the weak economy.In a sign ... Read more...

Posted in Business |

India, Pakistan to open bank branches on reciprocal basis


September 29th, 2011 - 7:25 pm ICT by IANS
New Delhi, Sep 29 (IANS) India and Pakistan have agreed to open bank branches on a reciprocal basis in a bid to facilitate the flow of investment and trade, the ... Read more...

Posted in South Asia |

US stocks close higher for fourth consecutive day


September 16th, 2011 - 4:26 am ICT by IANS
New York, Sep 16 (IANS) US stocks posted four winning streak Thursday as concerted efforts by central banks encouraged optimism, Xinhua reported.The European Central Bank, along with the Federal Reserve ... Read more...

Posted in Business |

ADB cuts growth projection of developing Asia


September 14th, 2011 - 3:38 pm ICT by IANS
Jakarta, Sep 14 (IANS) The Asian Development Bank (ADB) has cut its 2011 and 2012 growth forecasts for developing Asia amid ongoing worries about weak external demand from its key ... Read more...

Posted in Business |

US, Eurozone crisis making financial markets nervous: Pranab


September 13th, 2011 - 7:48 pm ICT by IANS
New Delhi, Sep 13 (IANS) Financial markets are getting "nervous" due to high inflation, slowdown in economic growth and aggravating sovereign debt problems in the US and European economies, ... Read more...

Posted in Uncategorized |

Reserve Bank of India Governor D.Subbarao gets two-year extension


August 9th, 2011 - 3:14 pm ICT by IANS
New Delhi, Aug 9 (IANS) The government Tuesday approved the extension of Reserve Bank of India Governor D. Subbarao's tenure by two years, which officials said could be because of ... Read more...

Posted in Business |

Tough times ahead for Indian equities markets


August 7th, 2011 - 4:55 pm ICT by IANS
Mumbai, Aug 7 (IANS) Indian equities markets are expected to start the week's trade with a negative bias Monday as a fallout of the US economy downgrade continues to ... Read more...

Posted in Business |

A global crisis but Indian economy strong: Mukherjee (Lead)


August 6th, 2011 - 9:56 pm ICT by IANS
New Delhi, Aug 6 (IANS) In the backdrop of a global meltdown of stock markets, which also rocked Dalal Street, and a ratings downgrade of US, Finance Minister Pranab ... Read more...

Posted in Business |

US credit rating downgrade worrisome: Pranab


August 6th, 2011 - 5:20 pm ICT by IANS
New Delhi, Aug 6 (IANS) Finance Minister Pranab Mukherjee Saturday expressed concern over downgrading of the US government credit rating and said the situation will be monitored closely."The situation ... Read more...

Posted in Business |

RBI may hike policy rates by 25 bps Tuesday


July 25th, 2011 - 6:47 pm ICT by IANS
New Delhi, July 25 (IANS) The Reserve Bank of India (RBI) is likely to raise key policy rates by 25 basis points in its monetary policy review Tuesday as inflation ... Read more...

Posted in Business |

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