deceleration

Brazil to see moderate growth in 2012


August 10th, 2012 - 1:41 pm ICT by IANS
Rio de Janeiro, Aug 10 (IANS) Brazil should be able to achieve moderate growth in 2012, while most of the OECD's 34 member economies will lose steam in the coming ... Read more...

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US consumer credit up


August 8th, 2012 - 1:33 pm ICT by IANS
Washington, Aug 8 (IANS) US consumer credit increased at an annual rate of 3 percent in June, a positive sign of growing confidence in the economy, the Federal Reserve reported.The ... Read more...

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US new home sales down


July 26th, 2012 - 1:21 pm ICT by IANS
Washington, July 26 (IANS) Sales of new single-family houses in the US declined sharply in June, following a strong gain in May, figures from the US commerce department showed. Sales ... Read more...

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Canadian benchmark interest rate remains at one percent


July 18th, 2012 - 1:58 pm ICT by IANS
Ottawa, July 18 (IANS) A deteriorating global economy prompted Canada's central bank to leave its benchmark interest rate unchanged at one percent Tuesday.The deceleration in growth for China and other ... Read more...

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Brazil’s GDP growth forecast lowered


July 3rd, 2012 - 2:18 pm ICT by IANS
Brasilia, July 3 (IANS) For the eighth consecutive week, Brazil's financial market decreased its projected growth figure for this year's gross domestic product (GDP) from 2.18 to 2.05 percent, according ... Read more...

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S&P; warns India risking investment downgrade; Rupee, Sensex fall


June 11th, 2012 - 9:18 pm ICT by IANS
Mumbai, June 11 (IANS) International ratings agency Standard and Poor's Monday warned that India may lose its investment-grade rating because of slowing growth and political roadblocks to economic policy-making, ... Read more...

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Sharp fall expected in industrial growth


June 3rd, 2012 - 10:32 am ICT by IANS
New Delhi, June 3 (IANS) A sharp fall is expected in the growth of industrial sectors such as textile machinery, cement and fertiliser in the April-June quarter owing to the ... Read more...

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US economic growth down to 1.9 percent


May 31st, 2012 - 8:22 pm ICT by IANS
Washington, May 31 (IANS) US economic growth slowed to an annualised rate of 1.9 percent in the first quarter of the year, down from an initial estimate of 2.2 percent.The ... Read more...

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`Brazil ready to tackle ripple effects of eurozone crisis’


May 23rd, 2012 - 1:22 pm ICT by IANS
Rio de Janeiro, May 23 (IANS) Brazilian Finance Minister Guido Mantega has said that his country is ready to cope with any possible ripple effects the eurozone debt crisis may ... Read more...

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Sri Lanka expects market stability as imports reduced


May 12th, 2012 - 4:18 pm ICT by IANS
Colombo, May 12 (IANS) The Sri Lankan Central Bank said Saturday that it expects stability in the domestic foreign exchange market over the next few weeks following a decision to ... Read more...

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Inflation pressure may re-emerge in India: Morgan Stanley


May 3rd, 2012 - 7:30 pm ICT by IANS
New Delhi, May 3 (IANS) India faces a very high risk of a return to rising inflation with the government continuing with its spending spree and the central bank easing ... Read more...

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US consumer spending up 0.3 percent


April 30th, 2012 - 10:27 pm ICT by IANS
Washington, April 30 (IANS) The US personal consumption expenditures (PCE) rose by 0.3 percent in March, the US Commerce Department said Monday.The US savings rate, personal saving as a percentage ... Read more...

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Chinese shipbuilders in choppy waters


April 30th, 2012 - 1:36 pm ICT by IANS
Beijing, April 30 (IANS) Chinese shipbuilding companies saw sharp declines in output and new orders in the first quarter, as the industry rolled on the choppy seas of global and ... Read more...

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China confident in 10 percent trade growth (Lead)


April 17th, 2012 - 3:08 pm ICT by IANS
Beijing, April 17 (IANS) China is confident about achieving the full-year target of 10-percent growth in foreign trade, despite slowed growth in the first quarter due to cumulative factors, the ... Read more...

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Growth will improve, but inflation will stay sticky: RBI


April 16th, 2012 - 8:02 pm ICT by IANS
New Delhi, April 16 (IANS) India's economic growth is likely to improve marginally in the current financial year from the projected growth of 6.9 percent in 2011-12, but inflation will ... Read more...

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Sensex closes 243.45 points lower (Second Lead)


March 15th, 2012 - 9:10 pm ICT by IANS
Mumbai, March 15 (IANS) Indian equities closed in the red Thursday, with a benchmark index slipping 238 points as investors were disappointed after the Reserve Bank of India (RBI) ... Read more...

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Sensex closes 238 points lower (Lead)


March 15th, 2012 - 5:17 pm ICT by IANS
Mumbai, March 15 (IANS) Indian equities closed in the red Thursday with a benchmark index slipping 238 points as investors were disappointed after the Reserve Bank of India (RBI) ... Read more...

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RBI mid-quarter policy review highlights


March 15th, 2012 - 1:28 pm ICT by IANS
Mumbai, March 15 (IANS) Highlights of the Reserve Bank of India (RBI) mid-quarter review of monetary policy announced Thursday:- Key policy rates kept unchanged: repo rate remains steady at 8.5 ... Read more...

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Inflation still a concern for RBI as rates left unchanged (Lead)


March 15th, 2012 - 1:24 pm ICT by IANS
Mumbai, March 15 (IANS) Containing inflation remains the foremost priority for the Reserve Bank of India (RBI), which decided Thursday to keep key interest rates unchanged in its mid-quarter ... Read more...

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Reserve Bank of India keeps rates unchanged


March 15th, 2012 - 12:50 pm ICT by IANS
Mumbai, March 15 (IANS) In line with expectations, the Reserve Bank of India (RBI) Thursday decided to keep key interest rates unchanged in its mid-quarter monetary policy decision."On the basis ... Read more...

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India showed strong growth amid global slowdown: IMF


March 15th, 2012 - 10:46 am ICT by IANS
Washington, March 15 (IANS) Even as overall growth in the G20 slowed in the fourth quarter of 2011, growth increased strongly in India and Indonesia, modestly in the United States, ... Read more...

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India growth increased strongly in Q4: IMF


March 14th, 2012 - 10:25 pm ICT by IANS
Washington, March 14 (IANS) Growth in India and Indonesia increased strongly, increased modestly in the United States, but slowed somewhat in China even as overall growth in the G20 slowed ... Read more...

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Brazilian economy grew 2.7 percent in 2011


March 7th, 2012 - 12:09 pm ICT by IANS
Rio de Janeiro, March 7 (IANS/EFE) The Brazilian economy grew 2.7 percent last year compared with 7.5 percent in 2010, a statistics agency said Tuesday.Brazil's gross domestic product climbed to ... Read more...

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Global uncertainty affecting India: Pranab


February 21st, 2012 - 6:56 pm ICT by IANS
New Delhi, Feb 21 (IANS) Global financial problems, besides a tight monetary policy, are affecting the Indian economy and a slowdown in external demand has led to a decline ... Read more...

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Brazil announces plan to boost exports


February 18th, 2012 - 12:00 pm ICT by IANS
Sao Paulo, Feb 18 (IANS/EFE) President Dilma Rousseff said her government will do more to foster expanded output and exports with the aim of making Brazil more competitive."This year we ... Read more...

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Brazilian government sees economy expanding through 2014


February 14th, 2012 - 12:12 pm ICT by IANS
Sao Paulo, Feb 14 (IANS/EFE) Latin America's largest economy will grow 4.5 percent this year, 5.5 percent next year and 6 percent in 2014, the Brazilian finance ministry said Monday.Brazil's ... Read more...

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US economic growth accelerates


January 28th, 2012 - 4:10 am ICT by IANS
Washington, Jan 28 (IANS) The US economy grew at the fastest pace in a year and a half in the fourth quarter of 2011, the Commerce Department said Friday.The encouraging ... Read more...

Posted in Business |

Highlights of the third quarter review of monetary policy


January 24th, 2012 - 2:41 pm ICT by IANS
Mumbai, Jan 24 (IANS) The following are the highlights of the third quarter review of the monetary policy unveiled by the Reserve Bank of India Tuesday:-- Cash reserve ratio lowered ... Read more...

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Global economy heading for another downturn: RBI


January 24th, 2012 - 2:40 pm ICT by IANS
Mumbai, Jan 24 (IANS) Just after three years, the global economy is heading for another downturn mainly because of eurozone debt crisis that would also pull down India's growth, the ... Read more...

Posted in Business |

`Eurozone crisis to dent Canadian growth’


January 19th, 2012 - 3:38 pm ICT by IANS
Ottawa, Jan 19 (IANS) The Eurozone debt crisis will curb Canada's economic growth by 0.6 percent this year, or $9.89 billion, but it's a smaller damage compared to the expected ... Read more...

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India may end 2011-12 with 7 percent growth: Montek


December 21st, 2011 - 11:29 pm ICT by IANS
Mumbai, Dec 21 (IANS) Economic deceleration is expected to continue in the third quarter of 2011-12 and India may end the financial year with a 7 percent GDP growth rate, ... Read more...

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Downturn temporary, return to high growth soon: Pranab


December 14th, 2011 - 6:05 pm ICT by IANS
New Delhi, Dec 14 (IANS) The current downturn in Indian industrial and economic growth is temporary and the country would soon revert to high growth path as it ... Read more...

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Reforms implementation key to turnaround growth: Montek


December 12th, 2011 - 5:39 pm ICT by IANS
New Delhi, Dec 12 (IANS) Expressing concern over the slump in industrial output that plunged to minus-5.1 percent in October, Planning Commission Deputy Chairman Montek Singh Ahluwalia said key economic ... Read more...

Posted in Business |

Government, industry to discuss growth slump


December 12th, 2011 - 3:21 pm ICT by IANS
New Delhi, Dec 12 (IANS) Commerce and Industry Minister Anand Sharma will hold a government-industry consultation next week to discuss the slump in factory output, an official statement said Monday."The ... Read more...

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Pranab lowers 2011-12 growth projection to 7.5 percent


December 2nd, 2011 - 2:32 pm ICT by IANS
New Delhi, Dec 2 (IANS) After a slump in growth in the first two quarters of the current financial year, Finance Minister Pranab Mukherjee Friday lowered the economic growth ... Read more...

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