chief economist

Faulty model behind US underestimating carbon costs


September 18th, 2012 - 1:49 pm ICT by IANS
Washington, Sep 18 (IANS) A faulty analytical model is behind the US government's underestimating the costs of carbon pollution, says an economic expert.A more appropriate accounting of costs would ... Read more...

Posted in Uncategorized |

Australian consumer confidence rises


September 12th, 2012 - 2:05 pm ICT by IANS
Sydney, Sep 12 (IANS) The confidence of Australian consumer has risen slightly but remains weak, a survey released Wednesday by Westpac Banking Corp and the Melbourne Institute of Applied Economic ... Read more...

Posted in Business |

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 |

Australian capital expenditure goes up


August 30th, 2012 - 1:32 pm ICT by IANS
Sydney, Aug 30 (IANS) The rise in capital expenditure (capex) in the June quarter suggests that the mining boom in Australia will continue for the next few years, economists said ... Read more...

Posted in Business |

Raghuram Rajan takes over as Chief Economic Advisor


August 29th, 2012 - 3:55 pm ICT by IANS
New Delhi, Aug 29 (IANS) Raghuram G Rajan, former IMF chief economist, took charge as chief economic adviser (CEA) in the finance ministry Wednesday."I am glad to be here," ... Read more...

Posted in Business |

Australia’s new home sales fall


August 28th, 2012 - 12:58 pm ICT by IANS
Sydney, Aug 28 (IANS) New home sales in Australia posted a weak result in July, giving up much of the strength gained in late 2011-12, according to a report released ... Read more...

Posted in Business |

Australia’s consumer confidence falls


August 15th, 2012 - 3:25 pm ICT by IANS
Sydney, Aug 15 (IANS) The confidence of Australian consumers has fallen despite some positive economic news over the past month, a survey released Wednesday showed.The survey was released by Westpac ... Read more...

Posted in Business |

China’s PPI drop highlights economy’s plight (Lead)


August 9th, 2012 - 2:06 pm ICT by IANS
Beijing, Aug 9 (IANS) China's Producer Price Index (PPI), a main gauge of inflation at the wholesale level, fell 2.9 percent in July from a year earlier, the National Bureau ... Read more...

Posted in Business |

Australia’s new home sales rise


July 30th, 2012 - 3:04 pm ICT by IANS
Sydney, July 30 (IANS) New home sales in Australia rose for a second consecutive month in June, an association said Monday.The Housing Industry Association (HIA) New Home Sales report showed ... Read more...

Posted in Business |

US petroleum demand falls


July 21st, 2012 - 2:01 pm ICT by IANS
Washington, July 21 (IANS) The overall petroleum demand in the US slipped again in June after edging up in May -- the only month witnessing year-on-year monthly increase in the ... Read more...

Posted in Business |

US housing market ready to rebound


July 19th, 2012 - 3:03 pm ICT by IANS
Washington, July 19 (IANS) The US housing sector was ready to get back to work while the construction industry continued to struggle on the jobs front, said the US mortgage ... Read more...

Posted in Business |

Australian economy recovering slowly


July 18th, 2012 - 2:51 pm ICT by IANS
Sydney, July 18 (IANS) Australia's economic conditions are at their strongest since September 2011, but the growth rate of future economic activity remains below long-term trend, according to a survey ... Read more...

Posted in Business |

China cuts interest rates


June 8th, 2012 - 4:24 pm ICT by IANS
Beijing, June 8 (IANS) China's central bank has cut interest rates by 25 basis points to prevent the economy from slowing further.The benchmark one-year lending rate will drop to 6.31 ... Read more...

Posted in Business |

Oil unable to push UAE’s GDP further: Economist


June 7th, 2012 - 11:40 am ICT by IANS
Dubai, June 7 (IANS) As Abu Dhabi's oil production is near its maximum capacity, the oil and gas sector is not expected to drive the United Arab Emirates (UAE) output ... Read more...

Posted in Business |

Britain’s consumer spending slows in March


April 24th, 2012 - 7:19 am ICT by IANS
London, April 24 (IANS) British consumer spending power continued to slow in March, dropping by 1.1 percent compared to a year earlier reaching the lowest level since February 2011, Lloyds ... Read more...

Posted in Business |

Listed Chinese companies see narrowing profits


April 23rd, 2012 - 2:40 pm ICT by IANS
Beijing, April 23 (IANS) China's listed companies saw narrowing profits in the first quarter as the country's economy ran at the slowest pace since the third quarter of 2009, reports ... Read more...

Posted in Business |

Australia’s producer price index down


April 23rd, 2012 - 2:14 pm ICT by IANS
Sydney, April 23 (IANS) Australia's producer price index (PPI) at the final stage of production fell 0.3 percent in the March quarter, following a 0.3 percent rise in the December ... Read more...

Posted in Business |

China’s manufacturing sector picks up momentum


April 23rd, 2012 - 1:46 pm ICT by IANS
Beijing, April 23 (IANS) China's manufacturing activity picked up momentum in April but still remains below the boom-or-bust level, according to a reading of the manufacturing purchase manager index (PMI) ... Read more...

Posted in Business |

ADB sees Indian economy growing at 7 percent


April 11th, 2012 - 7:38 pm ICT by IANS
New Delhi, April 11 (IANS) India's economic growth is likely to rise marginally to 7 percent this fiscal from 6.9 logged in 2011-12 as global conditions stabilise, the Asian Development ... Read more...

Posted in Business |

US small business confidence drops


April 11th, 2012 - 3:24 am ICT by IANS
Washington, April 11 (IANS) US small business confidence in March fell slightly after rising for six straight months, a leading industry association said Tuesday.The National Federation of Independent Business (NFIB) ... Read more...

Posted in Business |

Australian consumer sentiment falls


March 14th, 2012 - 2:32 pm ICT by IANS
Sydney, March 14 (IANS) Australia's consumer sentiment has tumbled after the Reserve Bank of Australia (RBA) decided to leave the cash rate unchanged at 4.25 percent in February and March, ... Read more...

Posted in Business |

China manufacturing activities may contract


February 22nd, 2012 - 5:01 pm ICT by IANS
Beijing, Feb 22 (IANS) China's manufacturing activities may contract in February as export orders fell sharply, experts said Wednesday.The HSBC Flash PMI (Purchasing Managers' Index) stood at 49.7 Wednesday. It ... Read more...

Posted in Business |

`European growth model works but needs modifications’


January 25th, 2012 - 3:35 pm ICT by IANS
Brussels, Jan 25 (IANS) The European growth model based on trade and finance has brought about prosperity but also needs modifications, a World Bank official said Tuesday."Europe has to make ... Read more...

Posted in Business |

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 |

RBI adopted a dovish policy: HDFC Bank official


January 24th, 2012 - 8:06 pm ICT by IANS
Chennai, Jan 24 (IANS) The 50 basis points cut in the cash reserve ratio (CRR) by the Reserve Bank of India (RBI) Tuesday in its third quarter review of monetary ... Read more...

Posted in Business |

Growth slows in Shanghai


January 21st, 2012 - 4:14 pm ICT by IANS
Beijing, Jan 21 (IANS) Shanghai's economy grew 8.2 percent last year, among the slowest of China's provinces and municipalities, but it remains China's richest city.The growth pace moderated from 9.9 ... Read more...

Posted in Business |

Australians slowly raising their spending: Report


January 20th, 2012 - 6:01 pm ICT by IANS
Sydney, Jan 20 (IANS) Consumers in Australia are continuing to cautiously increase their appetite for spending, according to the Commonwealth Bank's Business Sales Indicator (BSI) report released Friday.The bank's December ... Read more...

Posted in Business |

US builder confidence edges up for fourth month


January 19th, 2012 - 3:05 pm ICT by IANS
Washington, Jan 19 (IANS) US builder confidence index in the market for newly built, single-family homes in January increased four points to 25, a leading industry report showed Wednesday.The fresh ... Read more...

Posted in Business |

World Bank sharply lowers global economic growth rate (Lead)


January 18th, 2012 - 6:05 pm ICT by IANS
Washington, Jan 18 (IANS) The World Bank Tuesday sharply lowered its global economic growth rate forecast to 2.5 percent in 2012 from its previous estimate of 3.6 percent, amid risks ... Read more...

Posted in Business |

Indian economy to grow 7.7 percent in 2012: UN


January 17th, 2012 - 4:32 pm ICT by IANS
New Delhi, Jan 17 (IANS) India's gross domestic product (GDP) is expected to grow by 7.7 percent in 2012 and 7.9 percent in the following year as compared to the ... Read more...

Posted in Business |

British trade deficit widens in November


January 12th, 2012 - 4:35 am ICT by IANS
London, Jan 12 (IANS) Britain's trade deficit in goods widened by 0.8 billion pounds to 8.6 billion pounds ($12.9 billion) in November 2011, the government said Wednesday.The widening gap came ... Read more...

Posted in Business |

Africa emerging as a continent of opportunity


December 28th, 2011 - 2:09 pm ICT by IANS
Accra, Dec 28 (IANS) Defying the festering Eurozone crisis, Africa is poised for an economic upsurge, with international observers and the World Bank hailing it the "continent of opportunity.""This is ... Read more...

Posted in Business |

Britain to be hit by recession again in 2012


December 27th, 2011 - 6:00 pm ICT by IANS
London, Dec 27 (IANS) The British economy was facing a "bleak" new year, with a real risk of recession returning during 2012, a think tank has warned.The only good news ... Read more...

Posted in World |

Global economy in 2012 may be worse: IMF chief economist


December 22nd, 2011 - 1:27 pm ICT by IANS
Washington, Dec 22 (IANS) With downside risks in advanced economies increasing and policy environment uncertain, the world economy may see worse conditions in the coming year, warned chief economist Olivier ... Read more...

Posted in Business |

China’s GDP growth to slow to 8.6 percent


December 18th, 2011 - 11:14 pm ICT by IANS
Beijing, Dec 18 (IANS) China's GDP growth may slow to 8.6 percent in the last quarter of this year and further decelerate to 7.7 percent in the first quarter of ... Read more...

Posted in Business |

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