credit crisis

‘European crisis will affect Swedish economy’


January 19th, 2012 - 8:43 am ICT by IANS
Stockholm, Jan 19 (IANS) Swedish economy will be affected in the long term by Europe's financial crisis, said the Swedish Prime Minister Fredrik Reinfeldt during a parliament debate."Our Europe is ... Read more...

Posted in Business |

Steps need to be taken to moderate inflation: Pranab


January 8th, 2011 - 10:14 pm ICT by IANS
Mumbai, Jan 8 (IANS) India needs to return to the path of fiscal consolidation and take all necessary steps to moderate inflation, Union Finance Minister Pranab Mukherjee said here Saturday."Fiscal expansion ... Read more...

Posted in Business |

Gordon Brown voted third worst Prime Minister since World War II by academics


August 3rd, 2010 - 1:16 pm ICT by ANI
London, August 3 (ANI): Former Labour leader Gordon Brown has been named the third worst Prime Minister since World War II, a survey by more than 100 leading academics revealed.According ... Read more...

Posted in World |

Goldman Sachs bans traders from swearing in emails


July 30th, 2010 - 4:53 pm ICT by ANI
London, July 30 (ANI): Investment bank Goldman Sachs has warned its traders not to swear in company emails, and added that their emails will be censored and unacceptable words removed.According to The ... Read more...

Posted in Business |

Metro Bank Opens Its Doors For Public


July 29th, 2010 - 9:38 pm ICT by GD
By Madhuri Dey London, United Kingdom, July 29, (THAINDIAN NEWS) Metro Bank, the new High School retail Bank that is one of its kind in Britain in the last 100 years, opened to ... Read more...

Posted in Business |

David Miliband accuses Gordon Brown of lacking “moral seriousness” as PM


July 10th, 2010 - 12:40 pm ICT by ANI
London, July 10 (ANI): The Labour leadership candidate David Miliband has made his most outspoken attack on former British Prime Minister Gordon Brown, saying he lacked the "moral seriousness" he had ... Read more...

Posted in World |

US passes final version of financial reform overhaul


July 1st, 2010 - 8:16 am ICT by IANS
Washington, July 1 (DPA) The US House of Representatives Wednesday approved a final version of legislation that marks the largest overhaul of financial regulation since the Great Depression of the 1930s. A ... Read more...

Posted in Business |

BP agrees $20 bn claims fund


June 17th, 2010 - 3:02 am ICT by IANS
Washington, June 17 (DPA) Oil giant BP has agreed to set up a $20-billion fund to compensate local Gulf Coast businesses and fishermen devastated by the ongoing oil spill, US President ... Read more...

Posted in Business |

US Senate panel approves sweeping financial reform bill


March 23rd, 2010 - 8:10 am ICT by IANS
Washington, March 23 (DPA) The Senate Banking Committee Monday approved an overhaul of US financial regulation that aims to prevent another Wall Street-fuelled crisis from engulfing the US economy. The committee approved ... Read more...

Posted in Business |

North Carolina Governor announces new initiative to help small businesses


March 6th, 2010 - 2:20 am ICT by BNO News
RALEIGH, NORTH CAROLINA (BNO NEWS) – A new JobsNOW lending initiative to help more small businesses get the loans needed for growing or staying in business was announced by North Carolina Governor ... Read more...

Posted in World News |

Pandit’s Citigroup loses $7.58 bn as it repays bailout


January 19th, 2010 - 9:32 pm ICT by IANS
By Arun Kumar Washington, Jan 19 (IANS) Citigroup led by Indian American CEO Vikram Pandit Tuesday said it lost $7.58 billion in the fourth quarter of 2009 as the banking giant paid back ... Read more...

Posted in Business |

Saudi prince to Pandit: Restore Citi’s stature


January 19th, 2010 - 3:01 pm ICT by IANS
By Arun Kumar Washington, Jan 19 (IANS) Saudi Prince Al-Waleed Bin Talal, who is a major investor in Citigroup, says he has told the banking giant's Indian American CEO Vikram Pandit that it's ... Read more...

Posted in Business |

‘There is no concern of capital inflows’ : RBI Governor


December 10th, 2009 - 10:38 pm ICT by ANI
Kolkata, Dec 10 (ANI): The Reserve Bank of India (RBI) Governor D Subbarao said here on Thursday that there is no concern of capital inflows building asset bubbles in India as of ... Read more...

Posted in National |

Smaller Italian firms to get 300 mn euro boost


November 28th, 2009 - 2:01 pm ICT by IANS
Milan, Nov 28 (IANS/AKI) One of Italy's largest banks, the UniCredit Group, and the European Investment Bank (EIB) have signed a 300 million euro agreement to help small and medium-sized firms hard ... Read more...

Posted in Business |

Russia has overcome worst of credit crisis: Deputy PM


September 16th, 2009 - 5:24 pm ICT by IANS
Moscow, Sep 16 (RIA Novosti) Russia has overcome the worst phase of the current global economic crisis and is gradually beginning to recover, deputy prime minister Igor Shuvalov told the lower house ... Read more...

Posted in Business |

UK film industry facing most hostile environment in years, say insiders


August 25th, 2009 - 2:41 pm ICT by ANI
London, Aug 25 (ANI): The stupendous success of Danny Boyle's 'Slumdog Millionaire' is unlikely to be repeated, say insiders.The ongoing credit crisis has hit independent film companies quite hard, as 59 ... Read more...

Posted in Entertainment |

Leonardo DiCaprio’s ‘Shutter Island’ release postponed


August 24th, 2009 - 1:37 pm ICT by ANI
Washington, Aug 24 (ANI): The release of Hollywood star Leonardo DiCaprio's new film has been postponed to next year following credit crisis.The 'Titanic' star plays an escaped prisoner in 'Shutter Island', directed ... Read more...

Posted in Entertainment |

Agriculture situation disturbing, says RBI governor


August 14th, 2009 - 8:42 pm ICT by IANS
Hyderabad, Aug 14 (IANS) Reserve Bank of India (RBI) governor D. Subbarao Friday said the state of agriculture following poor rainfall was disturbing. Subbarao said that RBI was monitoring the drought-like situation and ... Read more...

Posted in Business |

Kiwi sex shop sells 18 karat gold vibrator for $2,229!


August 14th, 2009 - 4:48 pm ICT by ANI
Wellington, Aug 14 (ANI): An online sex shop in New Zealand has sold its first gold sex toy worth 2,229 dollars to a South Island woman.The 18 karat gold vibrator, called Yva ... Read more...

Posted in World |

Women board members better at ousting the boss than making money


August 7th, 2009 - 2:43 pm ICT by ANI
London, Aug 7 (ANI): Women board members may not be very good at making money, but they are really efficient when it comes to ousting male chief executives who are not up ... Read more...

Posted in Business |

GDP Report: US Economy Slowing Down But Doing Better Than The Previous Quarter


July 31st, 2009 - 11:10 pm ICT by GD
Fresh reports on Friday indicated that the US GDP has contracted by 1% in the 2nd quarter. In comparison to the previous quarter the contraction has been less and this can ... Read more...

Posted in Business |

Bashas Files For Chapter 11 Bankruptcy Reorganization


July 14th, 2009 - 7:37 pm ICT by GD
Bashas' loyalists have a lot more worries on their hands now, as reports seem to suggest that Bashas' Inc. has filed for chapter 11 bankruptcy reorganization in an US Bankruptcy Court on ... Read more...

Posted in Business |

Women going blonde to boost confidence amid recession woes!


July 2nd, 2009 - 3:02 pm ICT by ANI
Melbourne, July 2 (ANI): In an interesting development, women are colouring their hair blonde in a bid to boost their confidence levels to beat recession woes, suggests a new survey.According to ... Read more...

Posted in World |

India’s auto industry logs 11.5 percent growth


July 2nd, 2009 - 2:48 pm ICT by IANS
New Delhi, July 2 (IANS) The automotive industry in India grew at a computed annual growth rate (CAGR) of 11.5 percent over the past five years, the Economic Survey 2008-09 tabled in ... Read more...

Posted in Business |

Chip Hornsby Steps Down As CEO


June 30th, 2009 - 11:50 pm ICT by GD
The renowned British building supplies company Wolseley Plc. announced on Tuesday that the CEO of the company, Chip Hornsby will step down from his post following a 6 percent surge in its ... Read more...

Posted in Business |

US Ex-Im Bank, FICCI to expand trade ties


June 24th, 2009 - 12:15 pm ICT by IANS
By Arun Kumar Washington, June 24 (IANS) The Export-Import Bank of the United States (Ex-Im Bank) and the Federation of Indian Chambers of Commerce and Industry (FICCI) will work together to expand the ... Read more...

Posted in World |

Recession hits Sarah Jessica Parker’s ‘Sex and the City’ character


May 22nd, 2009 - 5:11 pm ICT by ANI
Washington, May 22 (ANI): Even Sarah Jessica Parker's Carrie Bradshaw could not escape the wrath of ongoing credit crisis.The 'Sex and the City' character has been forced to cut back on ... Read more...

Posted in Entertainment |

AIG reports $4.4 bn loss


May 8th, 2009 - 6:31 am ICT by IANS
New York, May 8 (DPA) Insurer American International Group Inc (AIG), whose near collapse in September fanned the global financial crisis, said Thursday it lost $4.4 billion in the first quarter. The New ... Read more...

Posted in Business |

US stocks back in positive territory


May 2nd, 2009 - 7:24 am ICT by IANS
New York, May 2 (DPA) All three major US stock indices ended Friday in positive territory on increased commodity demand and improving consumer sentiment. Two measures of US manufacturing and consumer confidence in ... Read more...

Posted in Business |

Bank of America posts surprising profits


April 21st, 2009 - 4:19 am ICT by IANS
New York, April 21 (DPA) Bank of America Corp. Monday became the latest US bank to report a stunning return to profitability in the first quarter of this year, easing some concerns ... Read more...

Posted in Business |

AskJeeves.com search results show how recession has changed lifestyles


April 20th, 2009 - 6:53 pm ICT by ANI
London, Apr 20 (ANI): Recession has certainly changed how we surfed web, for instead of buying something, people are searching ways to save money.Three years ago it was Armani, oysters and buy-to-let ... Read more...

Posted in Life Style |

US student lender firm to bring back jobs from India


April 7th, 2009 - 9:32 pm ICT by IANS
By Arun Kumar Washington, April 7 (IANS) America's largest private student lender Sallie Mae plans to move 2,000 overseas jobs back to the US from India and the Philippines, reversing a cost-savings ... Read more...

Posted in Business |

FDI flow to India will remain robust: Goldman Sachs


April 6th, 2009 - 5:11 pm ICT by IANS
New Delhi, April 6 (IANS) The global economic slowdown will not affect the foreign direct investment (FDI) flow to India as the domestic demand remains "resilient", investment banker Goldman sachs said Monday. "FDI ... Read more...

Posted in Business |

US Congress wants AIG bonuses back


March 19th, 2009 - 1:50 am ICT by IANS
Washington, March 19 (DPA) The US Congress Wednesday tapped into growing public ire over bailed-out insurance giant AIG's payment of bonuses as legislators explored ways to reclaim $165 million from the ... Read more...

Posted in Business |

Obama angry over AIG’s huge bonuses


March 17th, 2009 - 3:03 am ICT by IANS
Washington, March 17 (DPA) US president Barack Obama Monday added his anger to mounting criticism of the bailed-out insurance giant American International Group Inc (AIG) over its payment of huge bonuses ... Read more...

Posted in Business |

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