debt crisis

German apex court ruling on EU debt will benefit India, says envoy


September 12th, 2012 - 10:47 pm ICT by IANS
New Delhi, Sep 12 (IANS) Germany's apex court judgment upholding European Central Bank's decision to buy unlimited sovereign bonds of euro zone countries under financial stress will also benefit India, ... Read more...

Posted in Business |

Austerity necessary to regain credibility: Greek PM


September 9th, 2012 - 7:14 pm ICT by IANS
Athens, Sep 9 (IANS) Greek Prime Minister Antonis Samaras has stressed that a fresh austerity package under discussion is necessary to regain credibility and overcome the threatening debt crisis."We are ... Read more...

Posted in Business |

Italy within reach of economic recovery: Italian PM


September 6th, 2012 - 1:15 pm ICT by IANS
Rome, Sep 6 (IANS) Italy has averted the worst case scenario of the debt crisis and economic recovery in the eurozone's third largest economy is within reach, Italian Prime Minister ... Read more...

Posted in Business |

Moody’s changes EU rating outlook to negative


September 4th, 2012 - 1:39 pm ICT by IANS
New York, Sep 4 (IANS) Rating agency Moody's Investors Service has changed its outlook on the European Union's long-term debt ratings to negative from stable, sending a warning signal on ... Read more...

Posted in Business |

British PM plans cabinet reshuffle to boost economy


September 3rd, 2012 - 11:03 pm ICT by IANS
London, Sep 3 (IANS) British Prime Minister David Cameron is expected to reshuffle his government this week as members of parliament returned Monday for a new term after the ... Read more...

Posted in Politics |

Chinese president reaffirms support to Europe in debt crisis


August 31st, 2012 - 12:08 am ICT by IANS
Beijing, Aug 30 (IANS) Chinese President Hu Jintao said Thursday that China firmly supports Europe's efforts to overcome the debt crisis and the important role that the International Monetary Fund ... Read more...

Posted in World |

South Korea’s consumer confidence weakens


August 27th, 2012 - 1:20 pm ICT by IANS
Seoul, Aug 27 (IANS) South Korea's consumer confidence weakened in August amid lingering uncertainties at home and abroad, data by the central bank showed Monday.The consumer sentiment index (CSI), which ... Read more...

Posted in Business |

‘Deteriorating eurozone crisis may slow Chinese economy’


August 25th, 2012 - 2:39 pm ICT by IANS
Singapore, Aug 25 (IANS) A further deterioration in the eurozone debt crisis could slow China's economic growth, a team of economists said in a report. The economists from the National ... Read more...

Posted in Business |

‘India’s economic, strategic potential should be tapped by EU’


August 23rd, 2012 - 12:06 am ICT by IANS
New Delhi, Aug 22 (IANS) India has enormous global economic, political and strategic potential which must be harnessed by the European Union (EU) through improved trade and political and technological ... Read more...

Posted in Uncategorized |

South Korean conglomerates see economy worse than 2008


August 22nd, 2012 - 1:17 pm ICT by IANS
Seoul, Aug 22 (IANS) A majority of South Korean conglomerates were seeing current economic conditions worse than those in 2008 when the global financial crisis occurred, a poll showed Wednesday.According ... Read more...

Posted in Business |

Russia ready for possible economic meltdown: Putin


August 16th, 2012 - 8:19 pm ICT by IANS
Moscow, Aug 16 (IANS/RIA Novosti) The Russian economy is prepared for a possible economic meltdown as a result of the slowing of global growth and the escalating eurozone debt crisis, ... Read more...

Posted in Politics |

Austrian economy slows down


August 15th, 2012 - 2:35 pm ICT by IANS
Vienna, Aug 15 (IANS) The Austrian economy grew a mere 0.2 percent in the second quarter of 2012, the Austrian Institute of Economic Research (WIFO) reported. The figure was down ... Read more...

Posted in Business |

China’s largest gold miner posts gloomy results


August 11th, 2012 - 1:02 pm ICT by IANS
Beijing, Aug 11 (IANS) Zijin Mining Group Co., China's largest gold producer by output, Saturday said its net profits slumped 19.95 percent year-on-year in the first half of 2012 as ... Read more...

Posted in Business |

South Korea’s money supply grows


August 8th, 2012 - 2:03 pm ICT by IANS
Seoul, Aug 8 (IANS) South Korea's money supply grew 0.4 percent in June from a month earlier due to an increase in money market trust (MMT) and time deposits caused ... Read more...

Posted in Business |

Sensex rallies 215 points on global cues (Roundup)


August 6th, 2012 - 6:51 pm ICT by IANS
Mumbai, Aug 6 (IANS) A benchmark index of Indian equities markets surged 215 points Monday on strong global clues and in anticipation of measures the government would take soon ... Read more...

Posted in Business |

Gay Italian politician to run for PM in 2013


August 2nd, 2012 - 7:52 pm ICT by IANS
Rome, Aug 2 (IANS/AKI) An openly homosexual politician in Italy has announced his candidacy for prime ministership in the elections to be held in 2013, in what could pave the ... Read more...

Posted in Politics |

South Korea’s business sentiment drops


July 30th, 2012 - 2:49 pm ICT by IANS
Seoul, July 30 (IANS) South Korea's business sentiment dropped this month due to economic uncertainties stemming from Europe's debt crisis, a report by the central bank showed Monday.The monthly business ... Read more...

Posted in Business |

China’s economy expected to pick up


July 26th, 2012 - 4:05 pm ICT by IANS
Beijing, July 26 (IANS) China's economic growth has bottomed out and will pick up in the second half of this year on government monetary and fiscal support as well as ... Read more...

Posted in Uncategorized |

Wipro battles to grow in volatile market (Lead)


July 24th, 2012 - 2:01 pm ICT by IANS
Bangalore, July 24 (IANS) As India's third largest IT bellwether, Wipro Ltd. too is battling to grow in a volatile currency market with uncertainty writ large due to global slowdown ... Read more...

Posted in Business |

Moody’s cuts outlook on Germany


July 24th, 2012 - 1:08 pm ICT by IANS
Brussels, July 24 (IANS) Moody's Investors Service late Monday lowered its outlook on top-rated Germany, the Netherlands and Luxembourg to negative from stable, citing increasing uncertainties about the euro debt ... 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 |

Bill Clinton calls for support to Greek economy


July 23rd, 2012 - 9:57 am ICT by IANS
Athens, July 23 (IANS) Former US president Bill Clinton has called for support to the ailing Greek economy.Clinton, who is US Secretary of State Hillary Clinton' husband, gave a call ... Read more...

Posted in Politics |

US economy grows at modest pace


July 19th, 2012 - 1:45 pm ICT by IANS
Washington, July 19 (IANS) The US economy expanded at a "modest to moderate pace" in June and early July, but the employment situation only improved at a "tepid" pace, the ... Read more...

Posted in Business |

Airbus says China poised to become large aircraft market


July 16th, 2012 - 3:19 pm ICT by IANS
London, July 16 (IANS) China is sure to become the single largest market for aircraft in the world, said John Leahy, chief operating officer-customers at Airbus, at the Farnborough International ... Read more...

Posted in Business |

South Korea’s trade surplus reduces


July 16th, 2012 - 2:50 pm ICT by IANS
Seoul, July 16 (IANS) South Korea's trade surplus reduced to $10.7 billion in the first half of this year compared with a year earlier due to sluggish exports amid external ... Read more...

Posted in Uncategorized |

Berlusconi, 75, gets fit for election campaign


July 14th, 2012 - 10:55 am ICT by IANS
Rome, July 14 (IANS) Former Italian prime minister Silvio Berlusconi, who was forced to quit over rising debt and a sex scandal, has taken to jogging and studying issues in ... Read more...

Posted in Politics |

Infosys fears euro could collapse


July 12th, 2012 - 5:28 pm ICT by IANS
Bangalore, July 12 (IANS) India's IT bellwether Infosys fears that the euro could collapse due to the sovereign debt crisis in Greece and Italy and the banking crisis in Spain."We ... Read more...

Posted in Business |

South Korean central bank cuts policy rate (Lead)


July 12th, 2012 - 2:19 pm ICT by IANS
Seoul, July 12 (IANS) Bank of Korea (BOK), South Korea's central bank, unexpectedly cut its benchmark interest rate to 3 percent Thursday, lowering the 7-day repo rate for the first ... Read more...

Posted in Business |

South Korean central bank cuts key interest rate


July 12th, 2012 - 2:00 pm ICT by IANS
Seoul, July 12 (IANS) Bank of Korea (BOK), South Korea's central bank, unexpectedly cut its benchmark interest rate to 3 percent Thursday, lowering the 7-day repo rate for the first ... Read more...

Posted in Business |

24,000 Italian government employees to lose jobs


July 11th, 2012 - 12:22 am ICT by IANS
Rome, July 10 (IANS/AKI) Around 24,000 government employees in Italy are due to lose their jobs because of spending cuts worth 26 billion euros ($32 billion).Around 11,000 of the workers ... Read more...

Posted in World |

China’s June export growth slows


July 10th, 2012 - 4:10 pm ICT by IANS
Beijing, July 10 (IANS) China's exports rose 11.3 percent year on year to $180.21 billion in June, slowing from the 15.3-percent spurt in May, authorities said Tuesday.Imports increased 6.3 percent ... Read more...

Posted in Business |

South Korea’s IT exports contract


July 10th, 2012 - 2:28 pm ICT by IANS
Seoul, July 10 (IANS) South Korean exports of information technology (IT) products contracted 5.2 percent in the first half of this year due to slowing global demand and rising production ... Read more...

Posted in Sci-Tech |

Sensex closes 129 points down; metal, power stocks slump (Roundup)


July 9th, 2012 - 6:44 pm ICT by IANS
Mumbai, July 9 (IANS) Amid negative global cues, a benchmark index for Indian equities markets closed 129 points lower Monday on profit booking ahead of the quarterly results.The 30-scrip ... 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 |

`Europe’s debt crisis to be prolonged’


July 6th, 2012 - 2:07 pm ICT by IANS
Seoul, July 6 (IANS) Europe's debt crisis has the nature of protracting and consistently existing due to the failure to tackle the region's fundamental structural problems, South Korea's finance minister ... Read more...

Posted in Business |

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