economic crisis

Fiat not to leave Italy amid sales plunge


September 19th, 2012 - 12:44 pm ICT by IANS
Turin, Sep 19 (IANS/AKI) Amid a Europe-wide decline in car sales, Italian automobile giant Fiat said it does not intend to leave Italy or close any of its Italian plants."The ... Read more...

Posted in Business |

Russia reveals huge diamond source under asteroid crater


September 18th, 2012 - 8:59 pm ICT by IANS
London, Sep 18 (IANS) Russia can supply diamonds across world markets for the next 3,000 years. The government has revealed a vast diamond source under a 100-km-wide crater that was ... Read more...

Posted in World |

U.S. jobless rate drops to 8.1% as people give up searching for work


September 8th, 2012 - 8:26 pm ICT by BNO News
WASHINGTON, D.C. (BNO NEWS) -- With employers in the United States adding just 96,000 jobs last month, the national unemployment rate dropped to 8.1 percent as nearly four times as many people ... Read more...

Posted in Business |

Money not the root of my sadness: Ronaldo


September 5th, 2012 - 6:50 pm ICT by IANS
Madrid, Sep 5 (IANS) Real Madrid forward Cristiano Ronaldo has said that money is not the reason he felt 'sad' after failing to celebrate his two goals against Granada Sunday.The ... Read more...

Posted in Sports |

India’s exports slump 14.8 percent in July


September 3rd, 2012 - 3:05 pm ICT by IANS
New Delhi, Sep 3 (IANS) India's exports slumped 14.8 percent to $22.44 billion in July as compared to $26.34 billion recorded during the corresponding month in 2011 due to lower ... Read more...

Posted in Business |

Bankrupt Greece proposes selling off coastline


August 25th, 2012 - 12:02 am ICT by IANS
London, Aug 24 (IANS) Greece, which is facing a severe economic crisis and could be even booted out of the eurozone, is reportedly considering selling off some of its historic ... Read more...

Posted in World |

China has economically peaked: US expert


August 16th, 2012 - 11:33 pm ICT by IANS
Kolkata, Aug 16 (IANS) Observing that the Chinese economy had reached its peak, US foreign policy expert Walter Russell Mead Thursday said that the country was on the "brink of ... Read more...

Posted in South Asia |

BJP chief ministers, leaders to meet in Delhi


August 16th, 2012 - 6:21 pm ICT by IANS
New Delhi, Aug 16 (IANS) Chief ministers of the states ruled by the BJP, and key party leaders will be meeting here Saturday to discuss the present economic situation ... Read more...

Posted in Politics |

Support for Games offers promise of social legacy for UK


August 12th, 2012 - 12:13 am ICT by IANS
London, Aug 11 (IANS) The Olympic Games have slowly but surely won the hearts and minds of the British public over the last 16 days.If less than half of Britons ... Read more...

Posted in Sports |

Spain’s unemployment rate edges up


July 28th, 2012 - 12:24 pm ICT by IANS
Madrid, July 28 (IANS/EFE) Spain's economic crisis continued to take its toll on employment in the second quarter, with the jobless rate edging up to 24.6 percent overall and more ... Read more...

Posted in Business |

Brazil faults European response for economic crisis


July 14th, 2012 - 12:05 pm ICT by IANS
Rio de Janeiro, July 14 (IANS/EFE) European governments are wrong to address their region's economic woes by diminishing labour rights, Brazilian President Dilma Rousseff said Friday, calling instead for policies ... Read more...

Posted in Business |

Spain economic crisis sends 5,000 horses a month to slaughter


July 10th, 2012 - 11:07 am ICT by IANS
Madrid, July 10 (IANS/EFE) The economic crisis in Spain is sending almost 5,000 horses a month to the slaughterhouse and has increased the number of animals abandoned because their owners ... Read more...

Posted in Business |

No short-term solution to economic crisis: Brazil


July 5th, 2012 - 3:29 pm ICT by IANS
Rio De Janeiro, July 5 (IANS) There is no short-term solution to the current global economic woe, which is no less serious than the 2008 global financial crisis, said Brazilian ... Read more...

Posted in Business |

China increases financial support to IMF


June 19th, 2012 - 3:44 pm ICT by IANS
Beijing, June 19 (IANS) China will contribute $43 billion to the latest round of global resources worth $430 billion to the International Monetary Fund (IMF), the foreign ministry has said.This ... Read more...

Posted in World |

PM to press for resolute action on eurozone crisis (Lead)


June 16th, 2012 - 1:36 pm ICT by IANS
New Delhi, June 16 (IANS) Ahead of his eight-day overseas tour to attend the G-20 and the Rio+20 summits in Mexico and Brazil, Prime Minister Manmohan Singh Saturday flagged ... Read more...

Posted in Environment |

PM to press for resolute action to buck eurozone crisis


June 16th, 2012 - 12:50 pm ICT by IANS
New Delhi, June 16 (IANS) Ahead of his eight-day overseas tour to attend the G-20 and the Rio+20 summits in Mexico and Brazil, Prime Minister Manmohan Singh Saturday flagged ... Read more...

Posted in Environment |

Ramdev in Odisha to seek Patnaik’s support


June 13th, 2012 - 2:17 pm ICT by IANS
Bhubaneswar, June 13 (IANS) Yoga guru Ramdev is in Odisha Wednesday to seek Chief Minister Naveen Patnaik's support for his campaign to bring back black money stashed abroad.India was ... Read more...

Posted in Politics |

I’ll rest in 30 years: Julio Iglesias


June 7th, 2012 - 12:22 pm ICT by IANS
Marbella (Spain), June 7 (IANS/EFE) Julio Iglesias, despite his 43 years in music, said that he is still motivated to go onstage, that he would not sing if it did ... Read more...

Posted in Uncategorized |

India’s forex reserves drop by $1.74 billion


June 2nd, 2012 - 3:43 pm ICT by IANS
Mumbai, June 2 (IANS) India's foreign exchange reserves fell by $1.74 billion to $290 billion for the week ended May 25, the Reserve Bank of India (RBI) data showed Saturday.The ... Read more...

Posted in Business |

Sensex snaps 4-week losing streak, gains 65 points (Weekly market review)


May 26th, 2012 - 6:57 pm ICT by IANS
Mumbai, May 26 (IANS) Snapping a four-week losing streak, a benchmark index of the Indian equities markets gained 65 points this week as the hike in petrol price signalled ... Read more...

Posted in Business |

India’s forex reserves drop by $1.80 billion


May 26th, 2012 - 5:31 pm ICT by IANS
Mumbai, May 26 (IANS) India's foreign exchange reserves fell by $1.80 billion to $290 billion for the week ended May 18, registering a sharp drop for the third week in ... Read more...

Posted in Business |

Jobless Italian throws kids from balcony, kills self


May 21st, 2012 - 6:09 pm ICT by IANS
London, May 21 (IANS) A 49-year-old Italian threw his 14-month-old son and four-year-old daughter to their deaths from their sixth-floor balcony and then leaped from it himself in despair after ... Read more...

Posted in World |

Spain’s borrowing costs rise sharply in bond auction


May 18th, 2012 - 12:14 pm ICT by IANS
Madrid, May 18 (IANS/EFE) Spain's Treasury auctioned 2.5 billion euros ($3.18 billion) worth of bonds maturing in 2015 and 2016 Thursday, but was forced to pay sharply higher interest rates.The ... Read more...

Posted in Business |

Sharma seeks differential rate for industry as output falls


May 11th, 2012 - 7:25 pm ICT by IANS
New Delhi, May 11 (IANS) The Reserve Bank of India (RBI) should devise a mechanism of differential rate of credit for manufacturing sector to revive growth, Commerce and Industry ... Read more...

Posted in Business |

Remittances to Latin America rebound


May 8th, 2012 - 11:47 am ICT by IANS
Washington, May 8 (IANS/EFE) Remittances of emigrants from Latin America and the Caribbean increased last year beyond their levels before the financial crisis to $69.29 billion, according to an Inter-American ... Read more...

Posted in Business |

Thousands protest in Spain to defend health care, education


April 30th, 2012 - 12:30 pm ICT by IANS
Madrid, April 30 (IANS/EFE) Thousands of people turned out Sunday in cities all over Spain to defend health care and education and to express their rejection of the government's plans ... Read more...

Posted in Politics |

Comment on reforms not linked to 2014 election: Kaushik Basu


April 20th, 2012 - 9:08 pm ICT by IANS
New Delhi, April 20 (IANS) Government's chief economic advisor Kaushik Basu Friday clarified that his comments on economic reforms getting a push after 2014 was not linked to India's ... Read more...

Posted in Business |

Maoist group meet to focus on Green Hunt, economic crisis


April 19th, 2012 - 4:44 pm ICT by IANS
Hyderabad, April 19 (IANS) Resistance group Revolutionary Democratic Front (RDF), at its first conference here April 22-23, will demand an end to the anti-Maoist Operation Green Hunt and discuss how ... Read more...

Posted in Uncategorized |

Spanish king apologises for African hunting excursion


April 19th, 2012 - 10:53 am ICT by IANS
Madrid, April 19 (IANS/EFE) "I'm very sorry. I made a mistake. It won't happen again," Spain's King Juan Carlos said Wednesday regarding a hunting trip to Botswana that became headline ... Read more...

Posted in Politics |

A million Italians are gambling addicts,says study


April 11th, 2012 - 1:37 pm ICT by IANS
Rome, April 11 (IANS) Gambling is the third biggest business in Italy, where nearly one million people are addicted, according to a study."We estimated that Italy has the biggest gambling ... Read more...

Posted in Life Style |

CPI-M will brood over setbacks at 20th congress


April 2nd, 2012 - 6:52 pm ICT by IANS
Kozhikode (Kerala), April 2 (IANS) The Communist Party of India-Marxist (CPI-M) will hold its 20th party congress here starting Wednesday to discuss its recent electoral setbacks and the way ahead ... Read more...

Posted in Politics |

BRICS countries becoming rule makers: Chinese expert


March 29th, 2012 - 4:17 pm ICT by IANS
Beijing, March 29 (IANS) BRICS countries are evolving from being 'followers' of the West to 'rule makers', a Chinese expert said Thursday. But he warned that intra-BRICS trade will see ... Read more...

Posted in World |

US had 11.5 mn undocumented immigrants in 2011


March 26th, 2012 - 11:39 am ICT by IANS
Washington, March 26 (IANS/EFE) The number of undocumented immigrants in the US was around 11.5 million in January 2011, compared with the 11.6 million the year before, according to ... Read more...

Posted in Uncategorized |

US airline traffic up


March 23rd, 2012 - 2:56 pm ICT by IANS
Washington, March 23 (IANS) US airline traffic regained its momentum in December after a slight year-on-year decrease in the previous month, according to the preliminary data released by US Transportation ... Read more...

Posted in Business |

Europe, US crisis to hit India’s export: Survey


March 15th, 2012 - 3:21 pm ICT by IANS
New Delhi, March 15 (IANS) The lingering economic crisis in Europe and the United States will affect India's merchandise as well as services exports in the financial year beginning ... Read more...

Posted in Business |

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