commodity prices

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 |

Mexican farmers to sell commodities on futures market


August 2nd, 2012 - 11:21 am ICT by IANS
Mexico City, Aug 2 (IANS/EFE) The government and brokers are launching the Market Risk Management Program, which will allow farmers to sell commodities using futures contracts, Mexican officials said.The program's ... Read more...

Posted in Business |

Australian economy grows at 3.2 percent


July 23rd, 2012 - 1:50 pm ICT by IANS
Canberra, July 23 (IANS) Australia's economy has recorded a 3.2 percent growth in the year to June 2012, said a report by Australia's leading private sector economic advisory released Monday.That ... Read more...

Posted in Business |

Canadian benchmark interest rate remains at one percent


July 18th, 2012 - 1:58 pm ICT by IANS
Ottawa, July 18 (IANS) A deteriorating global economy prompted Canada's central bank to leave its benchmark interest rate unchanged at one percent Tuesday.The deceleration in growth for China and other ... Read more...

Posted in Business |

Steps soon to check fiscal, curent account deficits: Chidambaram (Lead)


July 11th, 2012 - 12:29 am ICT by IANS
Bangalore, July 10 (IANS) In a bid to reboot the economy and return to the high growth path, the United Progressive Alliance (UPA) government would take proactive measures to ... Read more...

Posted in Politics |

FDI into South Africa soars


July 9th, 2012 - 10:59 pm ICT by IANS
Pretoria, July 9 (IANS) South Africa led the sub-region as foreign direct investment (FDI) inflows into sub-Saharan Africa jumped by 25 percent in 2011, according to the 2012 World Investment ... Read more...

Posted in Business |

China’s inflation eases to 29-month low (Lead)


July 9th, 2012 - 3:02 pm ICT by IANS
Beijing, July 9 (IANS) China's Consumer Price Index (CPI), a main gauge of inflation, has eased to a 29-month low driven by falling food prices, leaving the government ample room ... Read more...

Posted in Business |

Rupee rises to 7-week high of 54.36 against dollar


July 3rd, 2012 - 7:25 pm ICT by IANS
Mumbai, July 3 (IANS) The rupee rose to a seven-week high of 54.36 against a dollar Tuesday as some clarity on taxation rules and the measures announced by the government ... Read more...

Posted in Business |

Myanmar to introduce new 10,000 kyat banknotes


June 8th, 2012 - 12:11 pm ICT by IANS
Yangon, June 8 (IANS) The Central Bank of Myanmar has announced it will put currency notes of 10,000 kyat denomination into circulation June 15. The new 10,000 kyat banknote is ... Read more...

Posted in Business |

Bank of Canada holds benchmark interest rate


June 6th, 2012 - 3:00 pm ICT by IANS
Ottawa, June 6 (IANS) Canada's central bank has kept its benchmark interest rate at 1 percent, which has been unchanged since September 2010, the longest period it has stayed neutral ... Read more...

Posted in Business |

CII moots 10-point agenda for reviving Indian economy (Lead)


June 5th, 2012 - 9:44 pm ICT by IANS
Hyderabad, June 5 (IANS) Industry lobby, the Confederation of Indian Industry (CII) Tuesday mooted a 10-point agenda, including an early introduction of the goods and services tax (GST), to revive ... Read more...

Posted in Business |

CII moots 10-point agenda for reviving Indian economy


June 5th, 2012 - 7:26 pm ICT by IANS
Hyderabad, June 5 (IANS) Industry lobby, the Confederation of Indian Industry (CII) Tuesday mooted a 10-point agenda to revive India's economic growth through reforms and governance.The CII national council, which ... Read more...

Posted in Business |

Rupee will stabilise in around current range: Anand Sharma


June 5th, 2012 - 5:27 pm ICT by IANS
New Delhi, June 5 (IANS) The Indian rupee, which hit a record low of 56.52 against the dollar last week, is likely to stabilise soon at around the current range, ... Read more...

Posted in Business |

‘China’s foreign trade outlook grim’ (Lead)


May 15th, 2012 - 3:55 pm ICT by IANS
Beijing, May 15 (IANS) The outlook for China's foreign trade remained grim but the full-year target of a 10-percent rise is still achievable, authorities said Tuesday.The country might register a ... Read more...

Posted in Business |

India will grow at 8-10 percent in coming years: Mukherjee


May 4th, 2012 - 9:53 pm ICT by IANS
Manila, May 4 (IANS) Dismissing all talk of policy inertia, Finance Minister Pranab Mukherjee Friday asserted that the government is focussed on recovering the growth momentum in the economy ... Read more...

Posted in Uncategorized |

Maruti Suzuki’s Q4 net profit down three percent


April 28th, 2012 - 6:02 pm ICT by IANS
New Delhi, April 28 (IANS) Passenger car major Maruti Suzuki Saturday reported a decline of three percent in its net profit for the fourth quarter of 2011-12 which stood at ... Read more...

Posted in Uncategorized |

New Zealand interest rate unchanged


April 26th, 2012 - 1:43 pm ICT by IANS
Wellington, April 26 (IANS) New Zealand's central bank Thursday announced it is to leave its interest rate unchanged at 2.5 percent.The Reserve Bank of New Zealand (RBNZ) hinted that the ... Read more...

Posted in Business |

South Korean firms’ profitability weakens in 2011


April 23rd, 2012 - 1:50 pm ICT by IANS
Seoul, April 23 (IANS) South Korean firms' profitability weakened last year due to an increase in production costs caused by a rise in global raw material prices, the country's central ... Read more...

Posted in Business |

India concerned about oil price volatility: Mukherjee


April 22nd, 2012 - 8:49 pm ICT by IANS
Washington, April 22 (IANS) India is concerned about the volatility in the prices of oil, gas and other commodities as they were not aligned to economic fundamentals, Finance Minister ... Read more...

Posted in Business |

Banks expected to pass on cost savings to borrowers


April 17th, 2012 - 7:27 pm ICT by IANS
Chennai, April 17 (IANS) The cut in reverse purchase (repo) rate by 50 basis points by the Reserve Bank of India (RBI) Tuesday would reduce the cost of funds for ... Read more...

Posted in Business |

China confident in 10 percent trade growth (Lead)


April 17th, 2012 - 3:08 pm ICT by IANS
Beijing, April 17 (IANS) China is confident about achieving the full-year target of 10-percent growth in foreign trade, despite slowed growth in the first quarter due to cumulative factors, the ... Read more...

Posted in Uncategorized |

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 |

South Korea’s economic growth to slow in 2012: ADB


April 13th, 2012 - 1:35 pm ICT by IANS
Seoul, April 13 (IANS) South Korea's economic growth was expected to slow to 3.4 percent this year as economic downturn in advanced nations may hamper the country's exports, which account ... Read more...

Posted in Uncategorized |

Strong India, China growth reduces world poverty


April 3rd, 2012 - 12:40 pm ICT by IANS
Washington, April 3 (IANS) The percentage of people living in extreme poverty declined from 52 percent in 1981 to 22 percent in 2008 thanks to strong economic growth in the ... Read more...

Posted in Business |

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 |

‘Budget ineffective, clerical; will burden common man’ (Second Lead)


March 16th, 2012 - 4:52 pm ICT by IANS
New Delhi, March 16 (IANS) The Left parties Friday termed the budget for 2012-13 "clerical" and "ineffective" and said it would increase the burden on the common man."It is ... Read more...

Posted in Politics |

Budget is ineffective and clerical, says CPI (Lead)


March 16th, 2012 - 4:25 pm ICT by IANS
New Delhi, March 16 (IANS) The Communist Party of India (CPI) Friday slammed the union budget for 2012-13 as "clerical" and "ineffective"."It is an absolute clerical and ineffective budget. ... Read more...

Posted in Politics |

Bangladesh mulls urbanisation policy


March 3rd, 2012 - 10:50 pm ICT by IANS
Dhaka, March 3 (IANS) The Bangladeshi government will formulate a National Urbanisation Policy to tackle the influx of rural people into cities for work, a minister has said."Most of the ... Read more...

Posted in World |

Guard against crisis contagion, IMF tells Latin America


February 3rd, 2012 - 2:48 pm ICT by IANS
Washington, Feb 3 (IANS) The Latin America and Caribbean economies should be poised to take a string of steps including easing their monetary policies to guard against contagion risks triggered ... Read more...

Posted in Business |

India may miss $300 billion export target: FIEO


January 30th, 2012 - 3:18 pm ICT by IANS
New Delhi, Jan 30 (IANS) India is unlikely to meet the $300 billion export target set for the current financial year due to a slowdown of demand in the US ... Read more...

Posted in Business |

Hero Motocorp’s Q3 net profit up 43 percent


January 19th, 2012 - 7:57 pm ICT by IANS
Mumabi, Jan 19 (IANS) Two-wheeler major Hero Motocorp Thursday reported a 42.89 percent increase in its net profit for the third quarter ended Dec 31 at Rs.613.03 crore from Rs.429 ... Read more...

Posted in Business |

`Eurozone crisis to dent Canadian growth’


January 19th, 2012 - 3:38 pm ICT by IANS
Ottawa, Jan 19 (IANS) The Eurozone debt crisis will curb Canada's economic growth by 0.6 percent this year, or $9.89 billion, but it's a smaller damage compared to the expected ... Read more...

Posted in Business |

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 |

South Korea’s central bank lowers 2012 growth outlook


December 9th, 2011 - 1:27 pm ICT by IANS
Seoul, Dec 9 (IANS) South Korea's central bank lowered Friday the country's economic growth outlook for 2012 to 3.7 percent from an earlier estimate of 4.6 percent, citing slower export ... Read more...

Posted in Business |

China’s consumer price index growth eases in November


December 9th, 2011 - 1:20 pm ICT by IANS
Beijing, Dec 9 (IANS) China's consumer price index (CPI), a main gauge of inflation, rose 4.2 percent year-on-year in November, further weakening from 5.5 percent in October due to falling ... Read more...

Posted in Business |

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