downside risks

Canadian central bank keeps interest rate unchanged


September 6th, 2012 - 1:14 pm ICT by IANS
Ottawa, Sep 6 (IANS) The Bank of Canada has left its benchmark interest rate unchanged at 1 percent, but hinted an increase could come next year when growth of the ... Read more...

Posted in Business |

Canada’s deficit down amid sluggish economy


September 1st, 2012 - 1:46 pm ICT by IANS
Ottawa, Sep 1 (IANS) While Canada appears to be on track in reducing its budgetary deficit, global economic uncertainty could stall the government's plan, the federal Finance Department warned.For the ... Read more...

Posted in Business |

South Korean economy shows weaker growth momentum


August 9th, 2012 - 1:44 pm ICT by IANS
Seoul, Aug 9 (IANS) The South Korean economy has seen a weakening growth momentum due to lacklustre exports and domestic demand, the central bank said Thursday."The domestic economy showed weaker ... Read more...

Posted in Business |

Spain told to take decisive actions to cope with crisis


July 28th, 2012 - 1:30 pm ICT by IANS
Washington, July 28 (IANS) The International Monetary Fund (IMF) has said that Spain needs to take "decisive actions" to tackle economic challenges and restore market confidence."The economy has entered an ... Read more...

Posted in Business |

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...

Posted in Business |

IMF warns Italy of downside risks, pushes more reforms


July 11th, 2012 - 1:55 pm ICT by IANS
Washington, July 11 (IANS) The International Monetary Fund (IMF) has said that Italy's economy would remain vulnerable to downside risks, urging the country to keep reform momentum."The economy is expected ... Read more...

Posted in Business |

‘India must cut subsidies, push reforms to defend rupee’


June 24th, 2012 - 5:09 pm ICT by IANS
New Delhi, June 24 (IANS) The Indian rupee is likely to slide further and might soon touch 58 to the dollar as regulatory measures by the central bank are unlikely ... Read more...

Posted in Business |

US banks see moderate economic growth with risks


June 9th, 2012 - 1:15 pm ICT by IANS
Washington, June 9 (IANS) The US economy will continue to grow at a moderate pace, with ongoing downside risks from Europe and the looming "fiscal cliff", said the American Bankers ... Read more...

Posted in Business |

US Federal Reserve ready to act if Europe crisis worsens


June 8th, 2012 - 11:33 am ICT by IANS
Washington, June 8 (IANS/EFE) US Federal Reserve Chairman Ben Bernanke said Thursday his institution is ready to act if the European financial crisis worsens."As always, the Federal Reserve remains prepared ... Read more...

Posted in Business |

Crisil cuts India’s economic growth forecast to 6.5 percent


June 4th, 2012 - 8:23 pm ICT by IANS
Mumbai, June 4 (IANS) Ratings agency Crisil Monday cut its India's economic growth forecast for the current financial year to 6.5 percent from its previous 7 percent due to uncertainty ... Read more...

Posted in Business |

Chinese economy facing downside risks


June 2nd, 2012 - 1:49 pm ICT by IANS
Beijing, June 2 (IANS) China's economic downside risks have been aggravated by slowing expansion in the manufacturing sector and weak market demand, China Daily reported Saturday.This, it said, is reinforcing ... Read more...

Posted in World |

South Korean bank freezes key interest rate


May 10th, 2012 - 1:50 pm ICT by IANS
Seoul, May 10 (IANS) South Korea's central bank said Thursday that it froze the benchmark interest rate at 3.25 percent for May, leaving the 7-day repo rate unchanged for 11 ... Read more...

Posted in Business |

IMF suggests reforms, inflation check to resume India’s high growth


April 18th, 2012 - 11:13 am ICT by IANS
Washington, April 18 (IANS) The International Monetary Fund (IMF) has suggested reinvigoration of structural reforms, including development of infrastructure, fiscal consolidation and controlling of inflation to bring India's growth back ... Read more...

Posted in Business |

Many nations vulnerable to unexpected shocks: IMF


April 17th, 2012 - 10:04 pm ICT by IANS
Washington, April 17 (IANS) Policymakers face the dilemma of how best to respond to the challenges of slackening global activity and continued financial volatility as many countries remain vulnerable to ... Read more...

Posted in Business |

South Korea’s central bank freezes key interest rate


April 13th, 2012 - 1:25 pm ICT by IANS
Seoul, April 13 (IANS) South Korea's central bank Friday said it froze the benchmark interest rate at 3.25 percent for April, leaving the 7-day repo rate unchanged for 10 straight ... Read more...

Posted in Business |

Oil rises on positive data


March 14th, 2012 - 8:08 am ICT by IANS
New York, March 14 (IANS) Crude prices rose Tuesday as retail data came in positive and the Federal Reserve described the US economy as "expanding moderately".The Commerce Department said US ... Read more...

Posted in Business |

China manufacturing activities may contract


February 22nd, 2012 - 5:01 pm ICT by IANS
Beijing, Feb 22 (IANS) China's manufacturing activities may contract in February as export orders fell sharply, experts said Wednesday.The HSBC Flash PMI (Purchasing Managers' Index) stood at 49.7 Wednesday. It ... Read more...

Posted in Business |

`Asia has ample room to fight eurozone turmoil spillovers’


January 31st, 2012 - 1:35 pm ICT by IANS
Washington, Jan 31 (IANS) Key Asian economies, including China, still have ample policy action room to respond to spillovers of the escalating eurozone debt crisis, a senior official from the ... Read more...

Posted in Business |

India’s growth projection lowered as global recovery stalls


January 24th, 2012 - 10:14 pm ICT by IANS
Washington, Jan 24 (IANS) With the global recovery threatened by intensifying strains in the euro area and fragilities elsewhere, the International Monetary Fund (IMF) has slightly lowered India's growth projections ... Read more...

Posted in Business |

India’s central bank infuses more money into system (Lead)


January 24th, 2012 - 4:50 pm ICT by IANS
Mumbai, Jan 24 (IANS) After keeping money supply under a tight leash for nearly two years to tame galloping inflation, India's central bank Tuesday took steps to infuse more ... Read more...

Posted in Business |

India’s central bank infuses more money in system


January 24th, 2012 - 2:41 pm ICT by IANS
New Delhi, Jan 24 (IANS) After nearly two years of tight check on money supply to tame inflation, India's central bank took steps Tuesday to infuse more liquidity in the ... Read more...

Posted in Business |

Canada holds bank rate at 1 percent


January 18th, 2012 - 6:06 pm ICT by IANS
Ottawa, Jan 18 (IANS) The Bank of Canada announced Tuesday that it is maintaining its target for the overnight interest rate at 1 percent.The bank rate is correspondingly 1 1/4 ... Read more...

Posted in Business |

World Bank lowers global economic growth rate


January 18th, 2012 - 6:06 pm ICT by IANS
Washington, Jan 18 (IANS) The World Bank Tuesday lowered its global economic growth rate forecast to 2.5 percent in 2012 from its previous estimate of 3.6 percent, amid risks triggered ... Read more...

Posted in Business |

World Bank sharply lowers global economic growth rate (Lead)


January 18th, 2012 - 6:05 pm ICT by IANS
Washington, Jan 18 (IANS) The World Bank Tuesday sharply lowered its global economic growth rate forecast to 2.5 percent in 2012 from its previous estimate of 3.6 percent, amid risks ... Read more...

Posted in Business |

France loses 3A-rating from S&P;


January 14th, 2012 - 1:47 pm ICT by IANS
New York, Jan 14 (IANS) Standard & Poor's Ratings Services announced Friday to cut the 3A-rating of France and ratings of several other European countries including Spain and Italy, saying ... Read more...

Posted in Business |

Global economy in 2012 may be worse: IMF chief economist


December 22nd, 2011 - 1:27 pm ICT by IANS
Washington, Dec 22 (IANS) With downside risks in advanced economies increasing and policy environment uncertain, the world economy may see worse conditions in the coming year, warned chief economist Olivier ... Read more...

Posted in Business |

With inflation easing, India’s central bank halts rate hikes (Roundup)


December 16th, 2011 - 7:32 pm ICT by IANS
Mumbai, Dec 16 (IANS) India's central bank Friday kept key interest rates unchanged after as many as 13 successive hikes since early 2010, shifting its stance from taming inflation ... Read more...

Posted in Business |

India’s central bank halts rate hikes on lower inflation (Lead)


December 16th, 2011 - 3:22 pm ICT by IANS
Mumbai, Dec 16 (IANS) India's central bank Friday kept key interest rates unchanged - after as many as 13 successive hikes since early 2010 - in a bid to ... Read more...

Posted in Uncategorized |

India’s central bank hits pause button on rate hikes


December 16th, 2011 - 1:59 pm ICT by IANS
Mumbai, Dec 16 (IANS) India's central bank Friday kept key rates unchanged - after as many as 13 successive hikes since early 2010 - in a bid to spur growth, ... Read more...

Posted in Business |

`Global cooperation must for tackling economic challenge’


December 16th, 2011 - 1:36 pm ICT by IANS
Washington, Dec 16 (IANS) The world economy is facing gloomy prospects and all countries need to take action to deal with the global challenge, said the head of the International ... Read more...

Posted in Business |

`Downside risks to South Korean economy remain high’


December 8th, 2011 - 1:34 pm ICT by IANS
Seoul, Dec 8 (IANS) Downside risks to the South Korean economy remained high due to external uncertainties such as Europe's debt crisis and economic slowdown in major economies, the central ... Read more...

Posted in Uncategorized |

US growth facing serious headwinds: Official


November 30th, 2011 - 1:55 pm ICT by IANS
Washington, Nov 30 (IANS) Growth in the US faces serious headwinds and the country's high unemployment will linger for many years, said a senior Federal Reserve official Tuesday."Households are still ... Read more...

Posted in Business |

US stocks turn into positive territory


November 12th, 2011 - 9:58 am ICT by IANS
New York, Nov 12 (IANS) US stocks turn positive Friday amid signs of stabilization in European debt and better-than- expected data, with all three major indexes turning positive, Xinhua reported.Italy's ... Read more...

Posted in Business |

India returns to slower 7-8 percent growth trend : World Bank


October 19th, 2011 - 10:13 pm ICT by IANS
Washington, Oct 19 (IANS) After recording 8.5 percent growth in fiscal 2010-11, India's economic growth is likely to slowdown to 7-8 percent in the next two years, according to the ... Read more...

Posted in Business |

Concerted efforts needed to tackle global crisis: IMF


September 23rd, 2011 - 4:03 am ICT by IANS
Washington, Sep 23 (IANS) The International Monetary Fund (IMF) has urged global leaders to act in synchronism, as the world economy has entered into new dangerous phase, Xinhua reported Friday.Speaking ... Read more...

Posted in World |

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