Production at Venezuela gas field to start in 15 months
September 7th, 2012 - 11:29 am ICT by IANS
Lecheria (Venezuela), Sep 7 (IANS/EFE) Spain's Repsol said it expects production at the Perla gas field, located off Venezuela's northwestern coast and one of the world's largest, to begin in ... Read more...
Posted in Business |
CAG pulls up Coal India for avoidable expenditure
September 4th, 2012 - 10:09 pm ICT by IANS
New Delhi, Sep 4 (IANS) India's official auditor said Tuesday that state miner Coal India Ltd (CIL) could have saved at least Rs.20 crore had it initiated prudent action ... Read more...
Posted in Business |
Tea production declining in organised sector in India
August 7th, 2012 - 1:47 pm ICT by IANS
Agartala, Aug 7 (IANS) Tea production in the organised sector in declining in India due to ageing bushes and little investment and the country may have lost 50 million kg ... Read more...
Posted in Business |
Spanish economy contracts
July 31st, 2012 - 1:06 pm ICT by IANS
Madrid, July 31 (IANS) The Spanish economy contracted 0.4 percent in the second quarter of the year, the Spanish National Statistical Institute (INE) reported.The main cause of this economic downturn ... Read more...
Posted in Business |
Ensure sustainability, Karnataka’s mining industry urged
July 5th, 2012 - 11:59 pm ICT by IANS
Bangalore, July 5 (IANS) Karnataka's scam-hit mining industry has been urged to ensure sustainability for safeguarding the interests of stakeholders and the environment."Sustainability should be the first priority of the ... Read more...
Posted in Environment |
Pakistan’s 3.7 percent GDP growth encouraging: Bank
June 23rd, 2012 - 4:05 pm ICT by IANS
Islamabad, June 23 (IANS) Pakistan's economic growth of 3.7 percent in the 2011-12 fiscal year was encouraging given the adverse effects of energy shortage, oil price rise and damage to ... Read more...
Posted in South Asia |
World Bank sees slower growth in East Asia
May 23rd, 2012 - 1:59 pm ICT by IANS
Washington, May 23 (IANS) The economic growth of East Asia remains robust but is losing steam, and the region should shift further from relying on exports to spurring domestic consumption, ... Read more...
Posted in Business |
15 percent of world trade should be Chinese: Minister
May 8th, 2012 - 3:33 pm ICT by IANS
Beijing, May 8 (IANS) As the second-largest economy and with a fifth of the world's population, China should account for 15 percent of global trade volume, Minister of Commerce Chen ... Read more...
Posted in Business |
India eyes doubling tea exports to Pakistan: ITA
April 10th, 2012 - 8:45 pm ICT by IANS
Kolkata, April 10 (IANS) India is looking at doubling its tea export to Pakistan in the next three years, Indian Tea Association (ITA) said Tuesday."We are looking at increasing the ... Read more...
Posted in Business |
China becomes world’s largest food market
April 9th, 2012 - 9:52 am ICT by IANS
Beijing, April 9 (IANS) China is now the world's largest food and grocery market, having overtaken the US in terms of sales in 2011, a market research firm said.British food ... Read more...
Posted in Business |
India bans cotton export fearing lower stocks at home
March 5th, 2012 - 7:46 pm ICT by IANS
New Delhi, March 5 (IANS) India, the world's second largest producer of cotton, Monday banned all exports of the fibre with immediate effect, fearing a fall in availability in view ... Read more...
Posted in Business |
China works on new consumption-stimulating policies
March 2nd, 2012 - 3:33 pm ICT by IANS
Beijing, March 2 (IANS) Chinese authorities are drafting new policies to spur domestic consumption, an official said Friday.
Former assistant minister of commerce Huang Hai didn't reveal any detailed policies, ... Read more...
Posted in Uncategorized |
China’s Purchasing Managers Index rises in January (Lead)
February 1st, 2012 - 3:12 pm ICT by IANS
Beijing, Feb 1 (IANS) China's Purchasing Managers Index (PMI), a preliminary readout of the country's manufacturing activity, rose to 50.5 percent in January, the highest level since October last year, ... Read more...
Posted in Business |
Hike in iron ore export duty irks Goa mining industry
January 4th, 2012 - 4:18 pm ICT by IANS
Panaji, Jan 4 (IANS) A recent decision of the union finance ministry to hike export duty on iron ore from 20 percent to 30 percent has irked trade organisations ... Read more...
Posted in Business |
China wants to improve tax-cut policies
December 26th, 2011 - 5:06 pm ICT by IANS
Beijing, Dec 26 (IANS) China will further its efforts to make adjustments in tax reduction policies next year in a bid to improve people's livelihood, China's Finance Minister Xie Xuren ... Read more...
Posted in Uncategorized |
Brewing a national coffee culture: Delhi to host coffee fest
December 26th, 2011 - 1:55 pm ICT by IANS
Bangalore, Dec 26 (IANS) As changing lifestyles fuel a coffee culture beyond southern India, a three-day festival will be held for the first time in Delhi next month to boost ... Read more...
Posted in Life Style |
Italian economy contracts in Q3
December 22nd, 2011 - 1:39 pm ICT by IANS
Rome, Dec 22 (IANS) Italy's GDP in the third quarter of 2011 dropped by 0.2 percent from the second quarter, marking the first contraction for almost two years, said the ... Read more...
Posted in Business |
After drought, bumper paddy crop cheers Bihar farmers
December 12th, 2011 - 2:35 pm ICT by IANS
Patna, Dec 12 (IANS) Ramesh Singh and Satender Yadav are in a relaxed frame of mind these days. After two years of successive drought, a bumper paddy crop this ... Read more...
Posted in Business |
Indonesian central bank pushes for cut in lending rates
December 12th, 2011 - 1:52 pm ICT by IANS
Jajarta, Dec 12 (IANS) Indonesian central bank has asked commercial banks in the country to lower their interest rates as the country will rely much on its domestic consumption to ... Read more...
Posted in Business |
Punjab to regularise all unauthorised colonies
December 11th, 2011 - 2:39 pm ICT by IANS
Chandigarh, Dec 11 (IANS) Ahead of the assembly polls next year, the Punjab government has decided to regularise unauthorised colonies within all municipal limits of the state."All unauthorised construction would ... Read more...
Posted in Politics |
Indonesia’s central bank cuts growth forecast
December 1st, 2011 - 4:06 pm ICT by IANS
Jakarta, Dec 1 (IANS) Bank Indonesia (BI), the central bank, lowered its forecast for economic growth in 2012 for a second time Wednesday on fears that ongoing problems in Europe ... Read more...
Posted in Uncategorized |
China’s imports set to double
November 11th, 2011 - 6:45 pm ICT by IANS
Geneva, Nov 11 (IANS) China's imports are likely to be more than double in the coming five years, exceeding $8 trillion.Yi Xiaozhun, China's permanent representative to the World Trade Organisation ... Read more...
Posted in Business |
`Latin America could suffer the problems of US, Europe’
October 26th, 2011 - 11:52 am ICT by IANS
Miami, Oct 26 (IANS/EFE) Latin America is in a good financial situation, but the problems currently being suffered by the US and Europe pose a threat, a banker said."If the ... Read more...
Posted in Business |
South India planters upbeat on growth prospects
October 21st, 2011 - 8:26 pm ICT by IANS
Coonoor (Tamil Nadu), Oct 21 (IANS) Barring tea, planters of coffee, rubber and spices have reason to celebrate ahead of Diwali as they never had it so good on all ... Read more...
Posted in Business |
WTO will fight against protectionism: Lamy
October 18th, 2011 - 12:57 am ICT by IANS
Chengdu (China), Oct 17 (IANS) World Trade Organisation (WTO) Director General Pascal Lamy Monday said the organisation will strive to prevent protectionist trends from strengthening during the current tumultuous economic ... Read more...
Posted in Business |
Karnataka steel industry seeks more iron ore
September 29th, 2011 - 12:25 am ICT by IANS
Bangalore, Sept 28 (IANS) Karnataka's steel industry Wednesday sought the state government's intervention to increase iron ore supply severely hit after the Supreme Court banned mining in the state following ... Read more...
Posted in Business |
ADB cuts growth projection of developing Asia
September 14th, 2011 - 3:38 pm ICT by IANS
Jakarta, Sep 14 (IANS) The Asian Development Bank (ADB) has cut its 2011 and 2012 growth forecasts for developing Asia amid ongoing worries about weak external demand from its key ... Read more...
Posted in Business |
Hero Motors’ to launch new products during Indian F1
September 2nd, 2011 - 7:54 pm ICT by IANS
New Delhi, Sep 2 (IANS) Auto-part manufacturer Hero Motors Friday said it will launch new auto products during the upcoming Indian grand prix to be held in Greater Noida in ... Read more...
Posted in Business |
Auto component industry to grow by 12-15 percent in 2011-12
August 30th, 2011 - 6:23 pm ICT by IANS
New Delhi, Aug 30 (IANS) The Automotive Component Manufactures Association of India (ACMA) Tuesday said that due to a slowdown in the domestic consumption, it expected growth to moderate between ... Read more...
Posted in Business |
Indian mandarins seek to calm markets after US shivers (Roundup)
August 8th, 2011 - 6:59 pm ICT by IANS
New Delhi/Mumbai, Aug 8 (IANS) Indian policymakers Monday sought to lift the investor sentiments, sullied by the ratings downgrade of the US economy, with assertions that the domestic fundamentals ... Read more...
Posted in Business |
India increases sugar export to maintain price
August 2nd, 2011 - 7:43 pm ICT by IANS
New Delhi, Aug 2 (IANS) Buoyed by the better-than-expected sugarcane production, India has doubled its sugar export quota under open general licence to 10 lakh tonnes in a bid to ... Read more...
Posted in Business |
ADB says China’s GDP to grow 9.6 percent in 2011 (Second Lead)
April 6th, 2011 - 3:48 pm ICT by IANS
Hong Kong, April 6 (IANS) China's economy is expected to grow 9.6 percent in 2011 as fixed asset investment remains a key driver, the Asian Development Bank (ADB) said in ... Read more...
Posted in Business |
Japan quake rocks Chinese economy
March 16th, 2011 - 5:46 pm ICT by ANI
Beijing, Mar.16 (ANI): Japan's massive earthquake and resultant tsunami have rocked the Chinese economy even though the total loss cannot be estimated yet.Analysts say trade between the two countries will definitely be ... Read more...
Posted in World |
West Bengal’s jute industry seeks way out of crisis
March 6th, 2011 - 2:44 pm ICT by IANS
Kolkata, March 6 (IANS) Inability to diversify uses and grab foreign markets combined with lack of support from the authorities are hindering the progress of West Bengal's once thriving jute ... Read more...
Posted in Business |
Inflation poses serious threat to growth momentum: Manmohan Singh
February 4th, 2011 - 2:05 pm ICT by ANI
New Delhi, Feb 4 (ANI): The Prime Minister, Dr. Manmohan Singh, on Friday said India's high inflation posed a "serious threat" to the country's growth momentum, and was driven by supply-side ... Read more...
Posted in National |