Canada’s inflation rate drops in October
November 19th, 2011 - 3:24 pm ICT by IANS
Ottawa, Nov 19 (IANS) Canada's inflation rate dropped to 2.9 percent in October from 3.2 percent in the previous month, largely due to the less gain of energy prices, Statistics ... Read more...
Posted in Uncategorized |
US consumer prices dip
November 17th, 2011 - 11:04 am ICT by IANS
Washington, Nov 17 (IANS/EFE) Consumer prices in the US declined 0.1 percent in October, while the 12-month inflation rate stood at 3.5 percent, the Labor Department said Wednesday.Excluding the more ... Read more...
Posted in Business |
China’s industrial production slows in October
November 9th, 2011 - 3:45 pm ICT by IANS
Beijing, Nov 9 (IANS) China's industrial output grew by 13.2 percent year-on-year in October, down from September's 13.8-percent growth, the National Bureau of Statistics (NBS) said Wednesday.In the first 10 ... Read more...
Posted in Business |
Japan’s core consumer prices rose in September
October 28th, 2011 - 1:02 pm ICT by IANS
Tokyo, Oct 28 (IANS) Japan's core consumer price index (CPI) rose 0.2 percent in September from a year earlier, marking the third successive month of increase, authorities said Friday.
The ... Read more...
Posted in Business |
China jails two for leaking secrets
October 24th, 2011 - 7:02 pm ICT by IANS
Beijing, Oct 24 (IANS) Two officials have been jailed for divulging China's confidential economic statistics, an official said Monday.Sun Zhen, a former official from the National Bureau of Statistics, was ... Read more...
Posted in Business |
US consumer prices rose in September
October 20th, 2011 - 12:38 pm ICT by IANS
Washington, Oct 20 (IANS/EFE) US consumer prices rose 0.3 percent last month, bringing the 12-month inflation rate to 3.9 percent, the Labour Department said Wednesday.The core Consumer Price Index, which ... Read more...
Posted in Business |
China’s Q3 GDP grows at slowest pace in two years
October 18th, 2011 - 2:09 pm ICT by IANS
Beijing, Oct 18 (IANS) China's GDP expanded 9.1 percent year-on-year in the third quarter of the year, the slowest pace since the third quarter of 2009.
The growth rate was down ... Read more...
Posted in Business |
China’s inflation eases to 6.1 percent in September
October 14th, 2011 - 3:37 pm ICT by IANS
Beijing, Oct 14 (IANS) China's consumer price index (CPI), a main gauge of inflation, eased slightly to 6.1 percent year-on-year in September from 6.2 percent in August, the National Bureau ... Read more...
Posted in Business |
China’s growth forecast down to 9.4 percent
October 10th, 2011 - 5:43 pm ICT by IANS
Beijing, Oct 10 (IANS) The Chinese Academy of Social Sciences (CASS), a major government think tank, Monday cut China's growth estimate for 2011 to 9.4 percent from a previous forecast ... Read more...
Posted in Business |
Sell vegetables directly: Wen tells farmers
October 2nd, 2011 - 6:23 pm ICT by IANS
Beijing, Oct 2 (IANS) Vegetable producers should sell their produce directly to urban consumers to lower retail prices, Chinese Premier Wen Jiabao has said.Wen made a tour early Saturday morning ... Read more...
Posted in Business |
40.74 crore people below poverty line, apex court told
September 21st, 2011 - 12:36 am ICT by IANS
New Delhi, Sep 20 (IANS) The Planning Commission Tuesday told the Supreme Court that the below poverty line (BPL) population in the country is 40.74 crore and the poverty line ... Read more...
Posted in Business |
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 |
Price stability top priority, says China’s central bank
September 12th, 2011 - 4:32 pm ICT by IANS
Beijing, Sep 12 (IANS) The People's Bank of China (PBOC), the country's central bank, reiterated Monday that stabilising the overall price levels remained the top priority of macro-economic regulation.Some factors ... Read more...
Posted in Business |
Chinese economy to grow 9.28 percent in 2011: Economists
August 21st, 2011 - 4:31 pm ICT by IANS
Singapore, Aug 21 (IANS) The Chinese economy will grow by 9.28 percent in 2011 if the US can stay out of a double-dip recession and the eurozone can steer itself ... Read more...
Posted in Business |
China’s inflation reaches 37-month high
August 9th, 2011 - 2:59 pm ICT by IANS
Beijing, Aug 9 (IANS) China's inflation rose to a 37-month high in July, putting the government in a tough position as its tightening efforts were yet to bear fruit, reported ... Read more...
Posted in Business |
China likely to further raise interest rates: Analysts
August 7th, 2011 - 2:56 pm ICT by IANS
Beijing, Aug 7 (IANS) China is likely to increase benchmark interest rates again in the near term to curb inflation, say analysts.A let-up of the government's tightening measures in the ... Read more...
Posted in Business |
Wall Street up on strong corporate earnings
July 16th, 2011 - 4:29 am ICT by IANS
New York, July 16 (IANS) US stocks ended higher Friday as better-than-expected earnings from Google and Citigroup offset concerns over US debt situations, Xinhua reported.The rating agency Standard & Poor's ... Read more...
Posted in Business |
China’s fiscal revenue up 31.2 percent
July 14th, 2011 - 2:07 pm ICT by IANS
Beijing, July 14 (IANS) China's fiscal revenue rose 31.2 percent year-on-year to 5.69 trillion yuan ($875.5 billion) in the first half of this year, the ministry of finance said Thursday.In ... Read more...
Posted in Business |
China’s GDP growth sees moderate slowdown (Lead)
July 13th, 2011 - 4:42 pm ICT by IANS
Beijing, July 13 (IANS) China's economic growth rate is decelerating, and officials and analysts believe the moderation is healthy.
Gross domestic product (GDP) rose by 9.5 percent year-on-year in the ... Read more...
Posted in Business |
China’s inflation hits three-year high in June
July 9th, 2011 - 2:38 pm ICT by IANS
Beijing, July 9 (IANS) China's inflation rose to the highest level in three years with the consumer price index (CPI), the main gauge of inflation, rising 6.4 percent year-on-year in ... Read more...
Posted in Business |
China to raise interest rates as prices rise
July 6th, 2011 - 10:57 pm ICT by IANS
Beijing, July 6 (IANS) China's central bank said it will raise the benchmark one-year borrowing and lending rates by 25 basis points Thursday, Xinhua reported.This is the third time the ... Read more...
Posted in Uncategorized |
Inflation, industrial output data flawed: RBI governor
July 5th, 2011 - 4:47 pm ICT by IANS
Mumbai, July 5 (IANS) The data on industrial output and inflation is flawed as it does not reflect the correct picture and could "potentially mislead policy calculations", Reserve Bank of ... Read more...
Posted in Uncategorized |
China may raise interest rate in Q3
July 3rd, 2011 - 2:42 am ICT by IANS
Beijing, July 3 (IANS) China may raise its benchmark interest rate in the third quarter to contain inflationary pressures, a media report said Saturday.Reserve requirement ratios for large financial institutions ... Read more...
Posted in Business |
China’s rich snap up homes overseas
June 21st, 2011 - 4:18 pm ICT by IANS
Beijing, June 21 (IANS) An increasing number of China's rich are snapping up properties overseas, the China Daily said Tuesday.This is being done in the expectation that domestic inflation will ... Read more...
Posted in Business |
Price rise sharper in rural India, shows data
June 20th, 2011 - 7:56 pm ICT by IANS
New Delhi, June 20 (IANS) The problem of inflation has worsened across India but the price rise has been sharper in rural areas than urban, official data showed Monday.The consumer ... Read more...
Posted in Business |
‘China’s inflation to surpass Govt target despite measures’
April 19th, 2011 - 2:59 pm ICT by ANI
Beijing, Apr 18 (ANI): Wang Tao, the head of China Economic Research at UBS AG, has said that the country's inflation will surpass the government's target despite more expected tightening measures, this ... Read more...
Posted in World |
China fights inflation with bank reserves hike
April 18th, 2011 - 2:34 pm ICT by ANI
Beijing, Apr 18 (ANI): China's Central Bank has raised the amount of money that banks must hold in reserve by 50 basis points, to mop up excessive liquidity and control inflation in ... Read more...
Posted in World |
China’s consumer inflation index hits 32-month-high of 5.4 percent
April 16th, 2011 - 2:09 pm ICT by ANI
Beijing, Apr 16 (ANI): China's Consumer Price Index (CPI) rose to a 32-month- high of 5.4 percent in March from the same month last year, said the country's statistics agency.According to the ... Read more...
Posted in Business |
Failure in rebalancing China’s economy may jeopardize growth: Paul J. Heytens
April 7th, 2011 - 6:39 pm ICT by ANI
Beijing, Apr 7 (ANI): A senior Asian Development Banks (ADB) official has said the country's economy carries very little risk of a hard landing, but any failure in implementing the government's agenda ... Read more...
Posted in World |
China inflation may touch six percent: Journal
April 7th, 2011 - 12:42 pm ICT by ANI
Beijing, Apr 7 (ANI): Chinese inflation may top an annual rate of six percent in the coming months, preventing any relaxation of monetary tightening, said the China Securities Journal.The national securities ... Read more...
Posted in Feature |
Central Government employees to get six percent dearness allowance hike
March 22nd, 2011 - 1:10 pm ICT by ANI
New Delhi, Mar. 22 (ANI): The Union Cabinet is set to approve a six percent increase in dearness allowance for nearly 50 lakh central government employees and 38 lakh pensioners during its ... Read more...
Posted in National |
China to raise banks’ reserve ratio again
March 19th, 2011 - 3:38 am ICT by IANS
Beijing, March 19 (IANS) China's central bank said Friday it will raise the banks' reserve requirement ratio by 50 basis points from March 25 - the third hike this year.This ... Read more...
Posted in Business |
US stocks rebound on positive economic data
March 18th, 2011 - 4:47 am ICT by IANS
New York, March 18 (IANS) US stocks rebounded Thursday on positive economic reports, a day after the Standard & Poor's 500 Index and the Nasdaq erased most of gains in ... Read more...
Posted in Business |
Anganwadi food rates to be linked to inflation
March 10th, 2011 - 6:48 pm ICT by IANS
New Delhi, March 10 (IANS) The government will revise the rates for the supplementary nutrition programme in aganwadis in tune with the high inflation, parliament was told Thursday.Replying to supplementary ... Read more...
Posted in Business |
‘Linking rural jobs wages to inflation will fuel graft’
March 2nd, 2011 - 1:48 am ICT by IANS
Kolkata, March 1 (IANS) Non-governmental organisations (NGOs) monitoring the union government's flagship rural employment guarantee scheme feel that the budgetary proposal linking wages to the consumer price index (CPI) ... Read more...
Posted in Business |