economic activity

Goa’s mining prowess a matter of pride: Parrikar


September 18th, 2012 - 2:13 pm ICT by IANS
Panaji, Sep 18 (IANS) Even as the shockwaves of an estimated Rs.35,000-crore illegal mining scam continue to rock Goa, Chief Minister Manohar Parrikar has claimed that the state "occupies a ... Read more...

Posted in Politics |

Brazil’s industrial production shows recovery signs


September 13th, 2012 - 2:03 pm ICT by IANS
Rio de Janeiro, Sep 13 (IANS) Brazil's industrial production is showing signs of recovery, central bank President Alexandre Tombini said.At a public Senate hearing Wednesday, Tombini said that now Brazil ... Read more...

Posted in Business |

China’s non-manufacturing sector growth goes up (Lead)


September 3rd, 2012 - 1:27 pm ICT by IANS
Beijing, Sep 3 (IANS) The Purchasing Managers Index (PMI) of China's non-manufacturing sector, a key economic indicator, rose 0.7 percentage point to 56.3 percent in August, new survey results indicate.The ... Read more...

Posted in Business |

Brazil’s economy grows at fastest clip in 15 months


August 18th, 2012 - 1:24 pm ICT by IANS
Brasilia, Aug 18 (IANS/EFE) Brazil's economy expanded by 0.75 percent in June relative to the previous month as tax breaks stimulated growth, the central bank said.The uptick in the bank's ... Read more...

Posted in Business |

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...

Posted in Business |

`US should balance short-run, medium-term fiscal adjustment’


August 3rd, 2012 - 1:27 pm ICT by IANS
Washington, Aug 3 (IANS) US policymakers should balance their efforts at immediate and medium-term fiscal adjustment to avoid negative impact on the fragile US economic recovery, the International Monetary Fund ... Read more...

Posted in Business |

US manufacturing sector contracts in July


August 2nd, 2012 - 5:05 am ICT by IANS
Washington, Aug 2 (IANS) The US manufacturing sector shrank for the second consecutive month in July, a survey showed Wednesday.The US Institute of Supply Management (ISM) manufacturing index, also known ... Read more...

Posted in Business |

US consumer confidence slips


July 28th, 2012 - 1:26 pm ICT by IANS
Washington, July 28 (IANS) The US consumer confidence continued to decline in July after hitting a 4.5-year high in May, as the job growth is slowing and food prices are ... Read more...

Posted in Business |

BRIC banks to be under pressure: S&P;’s


July 26th, 2012 - 12:43 am ICT by IANS
Chennai, July 25 (IANS) Credit rating agency Standard and Poor's (S&P;'s) Wednesday said that the banks in Brazil, Russia, India and China (BRIC) could come under pressure over the next ... Read more...

Posted in Business |

Asset quality of Indian banks to weaken: S&P;


July 25th, 2012 - 3:58 pm ICT by IANS
New Delhi, July 25 (IANS) The quality of assets and earnings of banks in the emerging economies, especially India, is likely to weaken over the next 12-24 months owing to ... Read more...

Posted in Business |

Australian economy recovering slowly


July 18th, 2012 - 2:51 pm ICT by IANS
Sydney, July 18 (IANS) Australia's economic conditions are at their strongest since September 2011, but the growth rate of future economic activity remains below long-term trend, according to a survey ... Read more...

Posted in Business |

US consumer credit goes up


July 10th, 2012 - 2:11 pm ICT by IANS
Washington, July 10 (IANS) US consumer credit increased at an annual rate of 8 percent in May as consumers stepped up their borrowing, the US Federal Reserve reported. Total consumer ... Read more...

Posted in Business |

US reiterates support for India’s role in Afghanistan


July 4th, 2012 - 12:36 pm ICT by IANS
Washington, July 4 (IANS) As Pakistan agreed to reopen ground supply lines into Afghanistan after a US apology of sorts, the United States reiterated its support for India's constructive ... Read more...

Posted in South Asia |

Tata Motors halts production at Jamshedpur plant


June 28th, 2012 - 8:32 pm ICT by IANS
New Delhi/Ranchi, June 28 (IANS) Tata Motors Thursday halted production at its Jamshedpur plant for three days to adjust production targets with shrinking demand."Production at the Jamshedpur plant is being ... Read more...

Posted in Business |

US retail sales down 0.2 percent


June 13th, 2012 - 10:58 pm ICT by IANS
Washington, June 13 (IANS) US retail and food services sales decreased 0.2 percent in May, the Commerce Department said Wednesday.The department said the combined retail and food services sales in ... Read more...

Posted in Business |

Car sales growth lowest in last seven months


June 11th, 2012 - 5:39 pm ICT by IANS
New Delhi, June 11 (IANS) Domestic passenger car sales recorded the slowest growth in the last seven months in May at 2.78 percent and stood at 1,63,229 units from 1,58,809 ... Read more...

Posted in Business |

Bank of Canada holds benchmark interest rate


June 6th, 2012 - 3:00 pm ICT by IANS
Ottawa, June 6 (IANS) Canada's central bank has kept its benchmark interest rate at 1 percent, which has been unchanged since September 2010, the longest period it has stayed neutral ... Read more...

Posted in Business |

Argentina’s economic growth slows down


May 19th, 2012 - 2:39 pm ICT by IANS
Buenos Aires, May 19 (IANS) Argentina's economic growth rate slowed down significantly in the first quarter of 2012, compared on a yearly basis, according to a report published by the ... Read more...

Posted in Business |

Panel set up to study status of Indian women


May 17th, 2012 - 11:39 pm ICT by IANS
NewDelhi, May 17 (IANS) The government has set up a high-level committee to undertake comprehensive study on the status of women in India as well as to evolve appropriate policy ... Read more...

Posted in World |

US consumer credit posts robust gain


May 8th, 2012 - 3:27 pm ICT by IANS
Washington, May 8 (IANS) US consumer credit increased at an annual rate of 10.2 percent in March this year, fresh evidence of the ongoing recovery of the world's largest economy, ... Read more...

Posted in Business |

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...

Posted in Business |

US economy slowed in first quarter


April 28th, 2012 - 12:08 pm ICT by IANS
Washington, April 28 (IANS/EFE) The US economy grew 2.2 percent in the first three months of this year after expanding 3 percent in the fourth quarter of 2011, the US ... Read more...

Posted in Business |

Remittances to India rose to $64 billion in 2011: World Bank


April 27th, 2012 - 8:42 pm ICT by IANS
New Delhi, April 27 (IANS) India remains the top recipient of money from diaspora as total remittance flow to the country is estimated to reach $64 billion in 2011, almost ... Read more...

Posted in Uncategorized |

Key Canadian lending rate unchanged


April 18th, 2012 - 2:02 pm ICT by IANS
Ottawa, April 18 (IANS) The Bank of Canada is keeping its key interest rate at one percent, the bank has announced although it indicated that interest rates could rise ... Read more...

Posted in Business |

Take India-US business ties to next level: Indian envoy


April 16th, 2012 - 10:12 am ICT by IANS
New York, April 16 (IANS) With India focused on developing itself as a global hub for innovation, New Delhi wants the business community to explore new ways to advance India-US ... Read more...

Posted in Business |

BJP relases vision document for Delhi


April 11th, 2012 - 5:37 pm ICT by IANS
New Delhi, April 11 (IANS) Ahead of the civic polls in the capital, the Bharatiya Janata Party (BJP) Wednesday released its "Vision Delhi-2025" document which envisages urban renewal and ... Read more...

Posted in Politics |

‘Automobile sales to rise 10-12 percent in 2012-13′


April 10th, 2012 - 7:33 pm ICT by IANS
New Delhi, April 10 (IANS) The Indian automobile industry is expecting a 10-12 percent rise in sales in fiscal 2012-13 from the 17,376,624 units sold in 2011-12 on better macro-economic ... Read more...

Posted in Business |

Pakistan aiming at better relations with S.Korea: Gilani


March 25th, 2012 - 2:41 pm ICT by IANS
Islamabad, March 25 (IANS) Prime Minister Yousuf Raza Gilani has expressed hope that Pakistan's bilateral relations with South Korea will get impetus following his first ever visit to ... Read more...

Posted in Business |

RBI mid-quarter review Thursday


March 14th, 2012 - 9:29 pm ICT by IANS
Mumbai, March 14 (IANS) Financial markets and industries are hoping for a rate cut in the Reserve Bank of India's mid-quarter review of its monetary policy Thursday."We expect the RBI ... Read more...

Posted in Business |

US retail sales go up


March 14th, 2012 - 11:49 am ICT by IANS
Washington, March 14 (IANS/EFE) Sales at US retail outlets increased by 1.1 percent in February to an annualized volume of $407.8 billion, the highest in five years, the Department of ... Read more...

Posted in Business |

US consumer spending, income up in January


March 2nd, 2012 - 1:26 am ICT by IANS
Washington, March 1 (IANS) US family incomes rose for the second consecutive month in January and boosted their spending, a positive sign for economic recovery, the US Commerce Department said ... Read more...

Posted in Business |

Australia’s economic outlook remains subdued: Survey


February 22nd, 2012 - 2:22 pm ICT by IANS
Sydney, Feb 22 (IANS) Australia's economic outlook improved slightly in December 2011, but the growth rate of future economic activity remains subdued, according to a survey released Wednesday by Westpac ... Read more...

Posted in Business |

US to raise issue of bottlenecks in Indian ports


February 20th, 2012 - 9:52 pm ICT by IANS
Chennai, Feb 20 (IANS) The US will raise the concerns of its companies operating in India with regard to infrastructure and congestion of ports with the Indian officials, visiting Under ... Read more...

Posted in Uncategorized |

UN chief urges Afghanistan to prioritise anti-drugs effort


February 17th, 2012 - 5:38 am ICT by IANS
Vienna, Feb 17 (IANS) United Nations Secretary-General Ban Ki-moon has urged the Afghan government to prioritise its efforts to eradicate illicit drugs in the war-torn country, warning "time is not ... Read more...

Posted in Health Science |

US-UAE trade reaches record high of $18 bn


February 11th, 2012 - 10:25 pm ICT by IANS
Abu Dhabi, Feb 11 (IANS/WAM) Trade between the US and the United Arab Emirates (UAE) reached a record high of $18.34 billion in 2011, according to latest data.Increased trade and ... Read more...

Posted in World |

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