IMF lowers 2012 growth outlook for South Korea
September 21st, 2012 - 2:22 pm ICT by IANS
Seoul, Sep 21 (IANS) The International Monetary Fund (IMF) lowered Friday its 2012 economic growth outlook for South Korea to 3 percent from 3.5 percent estimated in April, citing the ... Read more...
Posted in Business |
South Korea’s current account surplus hits new high
August 29th, 2012 - 1:11 pm ICT by IANS
Seoul, Aug 29 (IANS) South Korea's current account surplus hit a new high last month as imports contracted at a faster pace than exports, data by the central bank showed ... Read more...
Posted in Uncategorized |
India’s July exports dip 14 percent
August 14th, 2012 - 5:43 pm ICT by IANS
New Delhi, August 14 (IANS) India's July exports declined 14.8 percent, according to data released here Tuesday.Exports stood at $22.4 billion compared to July 2011 when they were $26.3 billion. ... Read more...
Posted in Business |
RBI cuts growth forecast to 6.5 percent, warns on inflation
July 30th, 2012 - 8:28 pm ICT by IANS
Mumbai, July 30 (IANS) India's economic growth is likely to fall to 6.5 percent, inflation accelerate and fiscal deficit widen, the Reserve Bank of India said Monday, painting a gloomy ... Read more...
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China’s economy on path for soft landing: IMF (Lead)
July 25th, 2012 - 2:56 pm ICT by IANS
Washington, July 25 (IANS) China's economy may be undergoing a soft landing despite growing global headwinds, and China is well placed to respond to possible deterioration of external environment, the ... Read more...
Posted in Business |
Japan’s current account surplus falls
July 9th, 2012 - 3:01 pm ICT by IANS
Tokyo, July 9 (IANS) Japan's current account surplus fell 62.6 percent in May from a year earlier to 215.1 billion yen, according to a report released by the government Monday.The ... Read more...
Posted in Business |
Bangladesh’s current account surplus rises
July 9th, 2012 - 1:56 pm ICT by IANS
Dhaka, July 9 (IANS) Bangladesh's current account balance recorded a surplus of $754 million in July-May period of the 2011-12 fiscal ended last month, a central bank official said.Quoting Bangladesh ... Read more...
Posted in Business |
PM assures growth, reforms, stable rupee
June 24th, 2012 - 12:50 am ICT by IANS
On Board Air India One, June 23 (IANS) Prime Minister Manmohan Singh has sought to assure investors of every step, including reforms, to restore confidence on India while also ... Read more...
Posted in Business |
Japan’s current account surplus drops
June 8th, 2012 - 12:59 pm ICT by IANS
Tokyo, June 8 (IANS) Japanese government said Friday that the nation's current account surplus declined 21.2 percent in April from a year earlier to 333.8 billion yen (about $4.2 billion).
... Read more...
Posted in Business |
Depreciating rupee boon for Indian manufacturing exporters
May 29th, 2012 - 4:05 pm ICT by IANS
New Delhi, May 29 (IANS) While the depreciating rupee is giving sleepless nights to many, it is a huge opportunity for India's manufacturing exporters as their goods are now cheaper ... Read more...
Posted in Business |
India pitches for ratings upgrade from Fitch
May 17th, 2012 - 9:04 pm ICT by IANS
New Delhi, May 17 (IANS) The Indian government Thursday asked Fitch to upgrade the country's sovereign ratings, claiming that current account and fiscal deficit were under control and flow ... Read more...
Posted in Business |
Rupee recovers from record low; Sensex up
May 17th, 2012 - 2:31 pm ICT by IANS
Mumbai, May 17 (IANS) On the back of a rebound in equity markets, the Indian rupee recovered by almost 30 paise Thursday from the previous day's record intra-day low ... Read more...
Posted in Business |
Rupee dips to record low of 54.42 against dollar
May 16th, 2012 - 3:27 pm ICT by IANS
Mumbai, May 16 (IANS) The Indian rupee slumped to a record low of 54.42 against the US dollar Wednesday due to rising concern over fiscal deficit and poor economic ... Read more...
Posted in Business |
Japan’s fiscal-year current account surplus falls
May 10th, 2012 - 2:12 pm ICT by IANS
Tokyo, May 10 (IANS) Japan's current account surplus in fiscal 2011 ending in March plunged 52.6 percent on year to mark the sharpest fall since comparable data was collected in ... Read more...
Posted in Business |
Yes Bank to focus on retail segment for growth
April 21st, 2012 - 9:48 pm ICT by IANS
Chennai, April 21 (IANS) Privately-owned Yes Bank Ltd will train its focus on retail banking in order to grow its current account and savings account (CASA) portfolio, said a senior ... 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...
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`Worst of Eurozone crisis is over’
March 23rd, 2012 - 2:07 pm ICT by IANS
Frankfurt, March 23 (IANS) The worst of the Eurozone crisis is over and the situation is stabilizing, European Central Bank (ECB) president Mario Draghi has been quoted as saying.Draghi made ... Read more...
Posted in Business |
Japan’s 2011 current account surplus falls
February 8th, 2012 - 2:40 pm ICT by IANS
Tokyo, Feb 8 (IANS) Japan's current account surplus in 2011 fell 43.9 percent, a record drop since 1985, said the government Wednesday.According to the data released by the finance ministry, ... Read more...
Posted in Business |
South Korea’s current account surplus contracts
January 30th, 2012 - 3:19 pm ICT by IANS
Seoul, Jan 30 (IANS) South Korea's current account surplus contracted to a three-month low last month as the travel-related service deficit widened despite brisk exports of major export items, the ... Read more...
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Probability of global recession low: RBI
December 9th, 2011 - 2:28 pm ICT by IANS
Kolkata, Dec 9 (IANS) On the back of widespread fears that Europe's sovereign debt crisis is pushing a global economic downturn, the Reserve Bank of India (RBI) Friday said the ... Read more...
Posted in Business |
No decision on savings account rate hike: City Union Bank
November 5th, 2011 - 6:36 pm ICT by IANS
Chennai, Nov 5 (IANS) Private sector City Union Bank has decided to play a wait-and- watch game in respect of revising its interest rates on savings bank accounts, an official ... Read more...
Posted in Business |
ICICI Bank Q2 net profit rises 21.6 percent
October 31st, 2011 - 9:16 pm ICT by IANS
Mumbai, Oct 31 (IANS) India's leading private lender ICICI Bank Monday posted an increase of 21.6 percent in net profit at Rs.1,503.19 crore for the quarter ended Sep 30 as ... Read more...
Posted in Business |
HDFC Bank net profit up 31.48 percent
October 19th, 2011 - 5:50 pm ICT by IANS
Mumbai, Oct 19 (IANS) The country's second largest private lender, HDFC Bank, Wednesday reported a 31.48 percent increase in net profit at Rs.1,199.35 crore in the second quarter ended Sep ... Read more...
Posted in Business |
Pakistan’s central bank reduces policy rate
October 9th, 2011 - 2:03 pm ICT by IANS
Islamabad, Oct 9 (IANS) In a bid to boost investments and growth, Pakistan's central bank has reduced policy rate by 150 basis points to 12 percent, authorities said.The decision was ... Read more...
Posted in South Asia |
India, China drive down deficits in emerging Asia: IMF
September 20th, 2011 - 9:45 pm ICT by IANS
Washington, Sep 20 (IANS) Despite progress in addressing key fiscal weaknesses in many countries like India and China, the global fiscal environment remains subject to a high degree of risk, ... Read more...
Posted in Business |
US rating downgrade won’t hurt Indian exports: Scindia
August 29th, 2011 - 7:22 pm ICT by IANS
New Delhi, Aug 29 (IANS) India's exports, which surged almost 46 percent in the April-June quarter, are unlikely to be much impacted because of the US' credit rating downgrade that ... Read more...
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Man held for posing as defence ministry employee
May 22nd, 2011 - 9:57 pm ICT by IANS
New Delhi, May 22 (IANS) An information technology (IT) professional was arrested in west Delhi for posing as an employee of the defence ministry and submitting forged documents to ... Read more...
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Syndicate Bank quarterly net up 72 percent
May 12th, 2011 - 9:46 pm ICT by IANS
Bangalore, May 12 (IANS) State-run Syndicate Bank Thursday reported net profit of Rs.289 crore for the fourth quarter of fiscal 2010-11, registering a whopping 72 percent increase year-on-year (YoY) from ... Read more...
Posted in Business |
RBI seeks feedback on savings deposit rate deregulation
April 28th, 2011 - 9:51 pm ICT by IANS
Mumbai, April 28 (IANS) The Reserve Bank of India (RBI) Thursday issued a discussion paper seeking feedback from various stakeholders on proposed deregulation of interest rates on savings bank deposits.During ... Read more...
Posted in Business |
HDFC Bank profit soars 33 percent in fourth quarter
April 18th, 2011 - 9:20 pm ICT by IANS
Mumbai, April 18 (IANS) HDFC Bank, India's second largest private lender, said Monday its net profit rose 33.23 percent to Rs.1,114.71 crore in the fourth quarter of 2010-11, led by ... Read more...
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‘China trade surplus to decrease further’
March 8th, 2011 - 5:56 pm ICT by ANI
Beijing, Mar.8 (ANI): China's Minister of Commerce Chen Deming has said that the country's trade surplus will decrease further and may even go into deficit for a few months.Chen said that the ... Read more...
Posted in World |
ICICI Bank’s net profit jumps 30.5 percent in third quarter
January 24th, 2011 - 4:31 pm ICT by IANS
New Delhi, Jan 24 (IANS) One of India's largest private lenders ICICI Bank Monday reported an increase of 30.5 percent in its net profit for the quarter ended Dec 31, 2010, which ... Read more...
Posted in Business |
Iran oil payment row: India denies acting under US pressure
December 31st, 2010 - 7:34 pm ICT by IANS
New Delhi, Dec 31 (IANS) Amid a row over oil payments to Iran, India Friday said efforts are being made to resolve the issue and denied acting under pressure from any other ... Read more...
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India discussing solutions for Iran payment crisis
December 30th, 2010 - 8:44 pm ICT by IANS
New Delhi, Dec 30 (IANS) India's petroleum and finance ministry are holding talks to work out an alternate settlement mechanism for Iranian crude imports, after the Reserve Bank of India said Indian ... Read more...
Posted in Business |
G20 leaders undertake to secure sustainable, balanced economic growth
November 12th, 2010 - 8:11 pm ICT by ANI
Seoul, Nov 12 (ANI): The G20 leaders have adopted a Declaration following their summit meeting in Seoul, and signed some additional documents, specifically, a framework agreement to secure sustainable and balanced economic ... Read more...
Posted in World |