credit rating agencies

Inflation to soften by mid-October: Kaushik Basu


July 3rd, 2012 - 8:51 pm ICT by IANS
Chennai, July 3 (IANS) Inflation would continue at the 7.5 percent level till September this year, after which it is likely to go below 7 per cent, Kaushik Basu, chief ... Read more...

Posted in Business |

RBI must adjust monetary policy: Pranab (Lead)


June 16th, 2012 - 5:55 pm ICT by IANS
Mumbai, June 16 (IANS) The basic strategy to bring the country's economy back on track is by stimulating domestic demand, Finance Minister Pranab Mukherjee Saturday said and exuded confidence ... Read more...

Posted in Business |

Stimulate domestic demand to boost Indian economy: Pranab


June 16th, 2012 - 5:09 pm ICT by IANS
Mumbai, June 16 (IANS) The basic strategy to bring the country's economy back on track has to be to stimulate domestic demand, Finance Minister Pranab Mukherjee Saturday said, addressing ... Read more...

Posted in Politics |

Fitch downgrades ratings of five EU nations


January 28th, 2012 - 6:44 am ICT by IANS
Moscow, Jan 28 (IANS/RIA Novosti) International ratings agency Fitch has downgraded its sovereign credit ratings of Belgium, Cyprus, Italy, Spain and Slovenia.Ratings of Italy and Spain, two Eurozone economic heavyweights, ... Read more...

Posted in Business |

Germany calls for European rating agencies after S&P; downgrade


January 16th, 2012 - 4:56 pm ICT by IANS
Athens, Jan 16 (IANS/RIA Novosti) Europe needs to create independent credit rating agencies and stop relying solely on leading US-based agencies, German Foreign Minister Guido Westerwelle said during his visit ... Read more...

Posted in Business |

Moody’s upgrade India’s ratings, Sensex soars


January 10th, 2012 - 8:43 pm ICT by IANS
New Delhi, Jan 10 (IANS) Global credit rating agency Moody's Investor Services has raised India's sovereign credit ranking to investment grade.The Moody's upgraded the country's short-term foreign currency rating ... Read more...

Posted in Business |

Sensex recovers to close 132 points higher


December 13th, 2011 - 6:42 pm ICT by IANS
Mumbai, Dec 13 (IANS) Helped by some late buying in heavyweight scrips, a benchmark index for Indian equities Tuesday rose sharply in the last hour of trade and closed ... Read more...

Posted in Business |

Brazil’s fiscal conditions very favourable: Official


December 8th, 2011 - 1:36 pm ICT by IANS
Rio De Janeiro, Dec 8 (IANS) With sound fiscal performance and solid public accounts, Brazil can withstand ramifications of the eurozone debt crisis, a top treasury official has said."Brazil's fiscal ... Read more...

Posted in Business |

Low loan offtake affecting infrastructure, says IDFC


November 23rd, 2011 - 9:08 pm ICT by IANS
Chennai, Nov 23 (IANS) The general economic slowdown is affecting infrastructure projects with loan offtake by borrowers coming down, an official of the Infrastructure Development Finance Company Ltd (IDFC) said ... Read more...

Posted in Business |

India, Italy eye euro 15 bn trade volume, tie-ups


October 31st, 2011 - 8:01 pm ICT by IANS
New Delhi, Oct 31 (IANS) India and Italy hope to expand trade volume to euro 15 billion, while increasing collaborations in a host of sectors like infrastructure, biotechnology, and agriculture, ... Read more...

Posted in Business |

India’s exports may falter due to global economic turmoil: FICCI


August 7th, 2011 - 6:58 pm ICT by IANS
New Delhi, Aug 7 (IANS) India's exports may get affected in the wake of a slowdown in major economies across the world led by the US, which saw its economy ... Read more...

Posted in Business |

Sensex slips to six-week low spooked by US debt crisis (Roundup)


August 3rd, 2011 - 6:59 pm ICT by IANS
Mumbai, Aug 3 (IANS) A benchmark index for Indian equities markets Wednesday fell to a six-week low, below the 18,000-mark, and a bearish trend gripped broader markets as the ... Read more...

Posted in Uncategorized |

US unlikely to default: S&P;


July 28th, 2011 - 7:23 pm ICT by IANS
Washington, July 28 (IANS) The United States is unlikely to default on its debt obligations but its credit rating could still be lowered, an official from one of the country's ... Read more...

Posted in Business |

Kharge hopes EPF interest rate will be hiked to 9.5 percent


February 16th, 2011 - 12:40 am ICT by IANS
New Delhi, Feb 15 (IANS) Labour and Employment Minister Mallikarjun Kharge Tuesday expressed confidence that the finance ministry will agree to the proposal to hike interest rate on employees provident fund to ... Read more...

Posted in Business |

Greece rejects Moody’s rating of its bonds


June 15th, 2010 - 7:45 pm ICT by IANS
Athens/Brussels, June 15 (DPA) Greece Tuesday rejected as unjustified a decision by Moody's rating agency to downgrade the country's sovereign rating to "junk" status. "The downgrade of Greek government bonds does not reflect ... Read more...

Posted in Business |

BP calls for changes in oil exploration methods


June 4th, 2010 - 11:20 pm ICT by IANS
London, June 4 (DPA) BP called for a change in oil exploration methods and said the besieged company would be at the movement's forefront during a conference call Friday with worried investors. BP's ... Read more...

Posted in Business |

EU plans action on credit rating agencies


June 3rd, 2010 - 1:28 am ICT by IANS
Brussels, June 2 (DPA) The European Union's executive launched a bid Wednesday to stamp the bloc's authority on credit rating agencies, by taking supervision of such agencies out of national hands and ... Read more...

Posted in Business |

Buffett defends rating agencies’ role in crisis


June 3rd, 2010 - 1:02 am ICT by IANS
New York, June 2 (IANS) Billionaire investor Warren Buffett Wednesday defended the role of credit rating agencies during the global financial crisis, saying they got it wrong while rating the US mortgage ... Read more...

Posted in Business |

Obama gets second major legislative victory with passage of financial regulation bill


May 21st, 2010 - 3:15 pm ICT by ANI
Washington, May 21 (ANI): US President Barack Obama on Thursday secured his second major legislative victory with the Senate approving far-reaching new financial rules on Thursday aimed at preventing the risky ... Read more...

Posted in World |

Others see growth in Bangladesh, local experts don’t


April 13th, 2010 - 12:50 pm ICT by IANS
Dhaka, April 13 (IANS) Global financial and credit rating agencies have drawn a positive picture of Bangladesh's economy, but domestic experts see signs of stagnation and slowdown in investment. The International Monetary Fund ... Read more...

Posted in Business |

Move to strengthen regulations for credit rating agencies


January 27th, 2010 - 9:16 pm ICT by IANS
New Delhi, Jan 27 (IANS) The government Wednesday said there were no immediate concerns over operations of credit rating agencies in the country but emphasised the need to strengthen the existing regulations ... Read more...

Posted in Business |

White House proposes crackdown on credit-rating agencies


July 22nd, 2009 - 11:40 am ICT by IANS
Washington, July 22 (DPA) US President Barack Obama has proposed a crackdown on credit-rating agencies, among the key players blamed in a financial crisis that has devastated the global economy. The proposed ... Read more...

Posted in Business |

Credit rating firms now target small enterprises


March 6th, 2009 - 12:38 pm ICT by IANS
Chennai, March 6 (IANS) As the economic downturn bites and banks become more reluctant to lend to firms that do not have credit ratings, credit rating agencies are aggressively expanding to provide ... Read more...

Posted in Uncategorized |

EU countries agree on tougher financial supervision


February 22nd, 2009 - 11:44 pm ICT by IANS
Berlin, Feb 22 (Xinhua) Major European Union (EU) countries Sunday agreed on concrete measures to enforce supervision of world financial markets. The EU leaders and finance ministers meeting in Berlin agreed that all ... Read more...

Posted in Politics |

EU proposes strict rules for credit rating agencies


November 12th, 2008 - 10:57 pm ICT by IANS
Brussels, Nov 12 (DPA) The European Commission Wednesday proposed tough rules designed to improve the functioning of credit rating agencies (CRAs), whose misjudgements were partly to blame for the global financial crisis.The ... Read more...

Posted in Uncategorized |

How far will Europe push the world on financial reform?


November 7th, 2008 - 9:24 am ICT by IANS
Brussels, Nov 7 (DPA) Europe's leaders have already said that they want the world's greatest powers to create a new brand of capitalism.When they meet in Brussels Friday ahead of a major ... Read more...

Posted in World |

Pakistani rupee plunges to new record low


October 8th, 2008 - 9:19 pm ICT by IANS
Karachi, Oct 8 (DPA) The Pakistani rupee Wednesday again fell to a record low against the US dollar to close at 80.30 amid a severe foreign exchange shortage and concerns of default ... Read more...

Posted in Uncategorized |

Pakistani rupee falls again against dollar


October 7th, 2008 - 11:03 pm ICT by IANS
Karachi, Oct 7 (DPA) The Pakistani rupee fell by over one percent against the dollar Tuesday to close at 79.60 from 78.60 the previous day amid growing concerns over eroding foreign exchange ... Read more...

Posted in Business |

Pakistan’s foreign reserves crisis deepens


October 4th, 2008 - 5:48 pm ICT by IANS
Karachi, Oct 4 (DPA) Pakistan's foreign reserve crisis deepened further Saturday as the central bank said it had lost around $700 million in just a week.The State Bank of Pakistan's net foreign ... Read more...

Posted in South Asia |

G7 ministers agree on new wave of financial regulations


April 12th, 2008 - 6:52 am ICT by admin
DPA Washington, April 12 (DPA) Finance ministers and central bank heads from the world's seven leading industrial nations Friday agreed to a series of new measures to combat a now "entrenched" crisis in ... Read more...

Posted in World |

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