US firm confident of China’s economic rebound
August 13th, 2012 - 5:46 pm ICT by IANS
Beijing, Aug 13 (IANS) Caterpillar, a US-based construction equipment maker, is confident that China's economy will experience a soft landing, as the government has taken appropriate measures for an economic ... 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 |
US stocks end mixed after heavy sell-off
June 5th, 2012 - 4:12 am ICT by IANS
New York, June 5 (IANS) US stocks ended mixed Monday after major indexes suffered severe sell-off in the previous session.When the market closed, the Dow Jones industrial average lost 17.11 ... Read more...
Posted in Business |
US stocks plunge after weak jobs report
June 2nd, 2012 - 3:16 am ICT by IANS
New York, June 2 (IANS) US stocks plunged Friday after a highly-anticipated report showed the recovery in the jobs market was sharply slowing down.According to the Labor Department, the US ... Read more...
Posted in Business |
Australian services sector expands in January
February 3rd, 2012 - 2:17 pm ICT by IANS
Sydney, Feb 3 (IANS) Activity in Australia's services sector lifted in January after three consecutive months of decline, a survey released Friday by the Australian Industry Group (Ai Group) showed.The ... Read more...
Posted in Business |
Japan’s consumer prices drop a bit in December
January 28th, 2012 - 2:28 pm ICT by IANS
Tokyo, Jan 28 (IANS) Japan's core consumer prices fell 0.1 percent in December 2011 from a year earlier, marking the third consecutive month of decline with deflation expected to linger ... Read more...
Posted in Business |
Japan’s central bank holds key rate steady
December 21st, 2011 - 2:48 pm ICT by IANS
Tokyo, Dec 21 (IANS) The Bank of Japan (BOJ) Wednesday left its key short-term interest rate unchanged at virtually zero and maintained the size of its asset purchasing programme as ... Read more...
Posted in Business |
Japan’s exports fall in November
December 21st, 2011 - 2:28 pm ICT by IANS
Tokyo, Dec 21 (IANS) Japan's exports fell 4.5 percent in November from a year earlier, marking the second straight month of decline, the ministry of finance said in a preliminary ... Read more...
Posted in Uncategorized |
Mexico to auction dollars to prop up peso
December 1st, 2011 - 12:24 pm ICT by IANS
Mexico City, Dec 1 (IANS/EFE) Mexico's currency exchange commission announced forceful action to bolster the peso, saying the central bank will auction $400 million of its reserves on days the ... Read more...
Posted in Business |
Sensex hits six-week low on European debt woes
November 17th, 2011 - 7:09 pm ICT by IANS
Mumbai, Nov 17 (IANS) A benchmark index for Indian equities markets continued to fall for the sixth straight session and closed Thursday at a six-week low, as concerns on ... Read more...
Posted in Uncategorized |
Sensex closes lower for fifth straight day
November 16th, 2011 - 7:29 pm ICT by IANS
Mumbai, Nov 16 (IANS) A benchmark index for Indian equities markets Wednesday managed to pare some of its losses amid volatile trade and closed in the red for the ... Read more...
Posted in Business |
Wall Street rallies on European summit hopes
October 27th, 2011 - 6:37 am ICT by IANS
New York, Oct 27 (IANS) Wall Street rose Wednesday, with the blue-chip Dow and the broader S&P; 500 up in four of last five sessions, as investors were expecting a ... Read more...
Posted in Business |
Wall Street ends worst quarter
October 1st, 2011 - 9:16 am ICT by IANS
New York, Oct 1 (IANS) US stocks tumbled Friday, ending the worst quarter in three years, as investors found few reasons to buy in the market amid gloomy economic outlook ... 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 |
Wall Street snaps three-day rally
August 17th, 2011 - 5:54 am ICT by IANS
New York, Aug 17 (IANS) Wall Street ended a choppy session in the red after three straight gains as comments from German and French leaders failed to ease market concerns ... Read more...
Posted in Business |
China’s trade surplus surges to $31 bn
August 11th, 2011 - 4:08 pm ICT by IANS
Beijing, Aug 11 (IANS) China's trade surplus surged to $31.5 billion in July, the highest in two-and-a-half years, a media report said Thursday.Exports surged 20.4 percent from a year earlier ... Read more...
Posted in Business |
Sensex gains 160 points in volatile trade (Weekly market review)
July 23rd, 2011 - 3:33 pm ICT by IANS
Mumbai, July 23 (IANS) A benchmark index of Indian equities markets gained nearly one percent or 160 points in volatile session this week amid mixed global cues.The 30-scrip sensitive ... Read more...
Posted in Business |
Sensex edges lower, negative global cues weigh (Roundup)
July 18th, 2011 - 6:39 pm ICT by IANS
Mumbai, July 18 (IANS) A benchmark index for Indian equities markets Monday closed 54 points lower as negative global cues kept trading subdued. Loss makers were led by IT ... Read more...
Posted in Business |
Federal Reserve lowers US economic forecasts
July 15th, 2010 - 4:33 am ICT by IANS
Washington, July 15 (DPA) The US Federal Reserve Wednesday lowered slightly its forecasts for economic growth in the coming year, reflecting the United States' sluggish recovery from recession and the ill-effects ... Read more...
Posted in Business |
Ahead of G-20, China provides for Yuan flexibility
June 21st, 2010 - 4:38 pm ICT by ANI
New Delhi, June 21 (ANI): With the Group of Twenty (G-20) set to meet at the end of this week, the People's Bank of China (PBOC), China's central bank, has said that ... Read more...
Posted in Business |
Sensex tanks 208 points as Europe tumbles (Second Lead)
June 8th, 2010 - 4:37 pm ICT by IANS
Mumbai, June 8 (IANS) A benchmark index for Indian equities took a hard knock in afternoon trade, sliding 208 points as bearish sentiment prevailed after European markets fell on continuing euro ... Read more...
Posted in Business |
US stocks surge on financials, energy, manufacturing data
February 17th, 2010 - 8:24 am ICT by IANS
New York, Feb 17 (DPA) US stocks rose strongly Tuesday amid some positive manufacturing data from New York and gains in financial shares and commodities.
Bank of America led the financial gains after ... Read more...
Posted in Business |
Sensex ends 188 points higher (Roundup)
February 16th, 2010 - 6:56 pm ICT by IANS
Mumbai, Feb 16 (IANS) A benchmark index for Indian equities Tuesday closed 188 points higher than its last close, helped by buying in blue chip companies Infosys, ICICI Bank and RIL. ... Read more...
Posted in Business |
Dow Falls Under 10,000, First Time Since November
February 9th, 2010 - 8:46 pm ICT by GD
By Gina Gomez
New York, Feb 9, (THAINDIAN NEWS) Amidst concerns about the debt woes in Europe, for the first time in three months, the Dow Jones industrial average closed below the 10,000 ... Read more...
Posted in Business |
G7 pledges to keep stimulus going, despite debt woes
February 7th, 2010 - 3:34 am ICT by IANS
Washington/Iqaluit (Canada), Feb 7 (DPA) Finance ministers of the world's seven leading industrial nations, meeting in a remote part of northern Canada Saturday, promised to keep up stimulus spending to bolster the ... Read more...
Posted in Business |
Indian shares open strong after previous week’s losses
November 30th, 2009 - 11:49 am ICT by IANS
New Delhi, Nov 30 (IANS) Indian equities opened on a positive note Monday, after some major losses during the week before on account of the turmoil in the global bourses because ... Read more...
Posted in Business |
Dubai World crisis blown out of proportion: Minister
November 29th, 2009 - 6:14 pm ICT by IANS
Kochi, Nov 29 (IANS) Minister of State for Railways E. Ahamed Sunday said the multi-billion-dollar debt default risk faced by Dubai World, among the largest conglomerates in the region, has been ... Read more...
Posted in Business |
Government urged to announce package for Gulf returnees
November 28th, 2009 - 5:28 pm ICT by IANS
Thiruvananthapuram, Nov 28 (IANS) Kerala Saturday said the Dubai debt crisis will hit its economy as many Keralites are working there, and urged the central government to announce a package for those ... Read more...
Posted in Business |
Dubai debt woes a concern for Kerala, says State Finance Minister
November 28th, 2009 - 3:27 pm ICT by ANI
Kochi, Nov 28 (ANI): In the wake of crisis in the Dubai World conglomerate, Thomas Isaac, the State Finance Minister said that Kerela would be the worst hit if construction activities ... Read more...
Posted in National |
US stocks plunge on Dubai’s debt woes
November 28th, 2009 - 6:23 am ICT by IANS
New York, Aug 28 (DPA) US stocks slumped during a shortened trading day Friday amid a debt crisis in Dubai that sparked similar sell-offs in other world markets.
Bank of America warned that ... Read more...
Posted in Business |
Reserve Bank to study impact of Dubai’s debt problem
November 27th, 2009 - 9:50 pm ICT by IANS
Hyderabad, Nov 27 (IANS) Reserve Bank of India (RBI) Governor D. Subbarao Friday said the bank will measure the extent of Dubai's debt problem as well as its impact on Indian economy. ... Read more...
Posted in Business |
Dubai World crisis bad for us: Kerala finance minister
November 27th, 2009 - 6:58 pm ICT by IANS
Thiruvananthapuram, Nov 27 (IANS) Kerala Finance Minister Thomas Isaac, a former economics professor at the Centre for Development Studies (CDS) here, Friday said the $59-billion debt woes of state-run Dubai World will ... Read more...
Posted in World |
Dubai World woes worries families of Indian expatriates
November 27th, 2009 - 5:36 pm ICT by IANS
New Delhi, Nov 27 (IANS) The $59-billion debt woes of state-run Dubai World, one of the largest global conglomerates, has left thousands of Indian families worried, as the region accounts for half ... Read more...
Posted in Business |
Bon Jovi to spearhead fundraiser to help beat Hillary Clintons debt woes
January 5th, 2009 - 2:49 pm ICT by ANI
Washington, Jan 5 (ANI): Rocker Jon Bon Jovi is all set to spearhead a fundraiser to help relieve Hillary Clinton''s debt after her presidential election campaign went awry.According to reports, Clinton''s ... Read more...
Posted in Entertainment |