economic recovery

Federal Reserve to pump more liquidity into US economy


September 14th, 2012 - 1:31 pm ICT by IANS
Washington, Sep 14 (IANS/EFE) The US Federal Reserve Thursday announced further steps to stimulate a struggling economy and pledged to keep short-term interest rates at near zero until 2015.At the ... Read more...

Posted in Business |

Italy within reach of economic recovery: Italian PM


September 6th, 2012 - 1:15 pm ICT by IANS
Rome, Sep 6 (IANS) Italy has averted the worst case scenario of the debt crisis and economic recovery in the eurozone's third largest economy is within reach, Italian Prime Minister ... Read more...

Posted in Business |

‘Global economic slowdown delays South Korean recovery’


September 3rd, 2012 - 1:15 pm ICT by IANS
Seoul, Sep 3 (IANS) Global economic slowdown caused mainly by Europe's fiscal crisis has been delaying South Korea's economic recovery, the nation's finance minister said Monday."Exports showed a minus growth ... Read more...

Posted in Business |

Bernanke hints at moves to aid US labour market, recovery


September 1st, 2012 - 2:52 pm ICT by IANS
Washington, Sep 1 (IANS) US Federal Reserve Chairman Ben Bernanke has hinted that the central bank might provide further monetary easing steps to improve the US labour market and broader ... Read more...

Posted in Business |

US durable goods orders go up


August 25th, 2012 - 1:50 pm ICT by IANS
Washington, Aug 25 (IANS) New orders for US-manufactured durable goods rose for the third consecutive month in July, said authorities. Orders for durable goods increased 4.2 percent last month to ... 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 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 |

ITC trying to ‘fast forward’ Rs.25,000 crore investment plan


July 27th, 2012 - 10:46 pm ICT by IANS
Kolkata, July 27 (IANS) In spite of a slowdown in India's economic growth and low business sentiment, cigarette-to-hotel conglomerate ITC Ltd Friday said it is trying to "fast forward" its ... Read more...

Posted in Business |

Woman who sold child found - still starving


July 19th, 2012 - 4:45 pm ICT by IANS
Patna, July 19 (IANS) A destitute Bihar woman who went missing after selling her child to a Nepalese couple for Rs.62 has been finally traced - still starving along with ... Read more...

Posted in Health Science |

US economy grows at modest pace


July 19th, 2012 - 1:45 pm ICT by IANS
Washington, July 19 (IANS) The US economy expanded at a "modest to moderate pace" in June and early July, but the employment situation only improved at a "tepid" pace, the ... Read more...

Posted in Business |

US industrial production rises


July 18th, 2012 - 2:49 pm ICT by IANS
Washington, July 18 (IANS) US industrial production increased 0.4 percent in June, a fresh evidence of the ongoing US economic recovery, the US Federal Reserve said in a report. The ... Read more...

Posted in Uncategorized |

4.5 mn jobs at risk in eurozone in four years: UN


July 12th, 2012 - 1:10 pm ICT by IANS
New York, July 12 (IANS/AKI) The 17-nation eurozone faces a further loss of 4.5 million jobs, prolonged recession and social unrest over the next four years, the UN has warned ... Read more...

Posted in Business |

Japan’s current account surplus falls


July 9th, 2012 - 3:01 pm ICT by IANS
Tokyo, July 9 (IANS) Japan's current account surplus fell 62.6 percent in May from a year earlier to 215.1 billion yen, according to a report released by the government Monday.The ... Read more...

Posted in Business |

US service sector grows in June


July 6th, 2012 - 3:45 am ICT by IANS
Washington, July 6 (IANS) The US non-manufacturing sector expanded for the 30th straight month in June, but at a slower pace, a survey revealed Thursday.The Non-Manufacturing Index (NMI), which measures ... Read more...

Posted in Business |

China’s economy to pick up speed: experts


July 2nd, 2012 - 5:17 am ICT by IANS
Beijing, July 2 (IANS) China's economy will grow at a faster pace in the second half of 2012 on rising investment, exports and expanding housing market, experts said."We are confident ... Read more...

Posted in Business |

European situation threat to US economic recovery: Obama


June 9th, 2012 - 9:53 am ICT by IANS
Washington, June 9 (IANS) The simmering eurozone debt crisis posed a big threat to the US economic recovery, with the region facing the risk of a renewed recession, ... Read more...

Posted in Business |

Estonian president calls economist a ’smug’


June 8th, 2012 - 7:25 pm ICT by Aishwarya Bhatt
Tallinn, June 8 (THAINDIAN NEWS) The president of Estonia has launched an attack on US Nobel laureate Paul Krugman. The economist had written an article on Estonia in his blog ... Read more...

Posted in Politics |

Slim chance of US slipping back into recession: Buffett


June 6th, 2012 - 3:55 pm ICT by IANS
Washington, June 6 (IANS) The possibility of the US economy sliding back to recession is very small despite the fragile economic recovery, US billionaire investor Warren Buffett said here.The US ... Read more...

Posted in Business |

South Africa’s economic prospect modest


May 31st, 2012 - 2:43 pm ICT by IANS
Johannesburg, May 31 (IANS) South Africa would maintain modest economic growth this year, with an expectation of a gradual recovery in domestic demand and supply, said the Reserve Bank.The household ... Read more...

Posted in Business |

Rupee’s devaluation due to national, international factors: Pranab


May 27th, 2012 - 7:43 pm ICT by IANS
Kolkata, May 27 (IANS) Union Finance Minister Pranab Mukherjee Sunday attributed the cumulative effect of several national and international factors, including the Eurozone crisis, for the devaluation of the ... Read more...

Posted in Business |

G8 leaders stresses boosting growth


May 20th, 2012 - 2:43 am ICT by IANS
Washington, May 20 (IANS) Leaders of the Group of Eight (G8) nations have stressed that bolstering economic growth and job creation was critical to the global economic recovery."The global economic ... Read more...

Posted in World |

G8 wants Greece to remain in Eurozone (Lead)


May 20th, 2012 - 1:21 am ICT by IANS
Washington, May 19 (IANS/RIA Novosti) The leaders of the G8 industrialised nations meeting at Camp David Saturday agreed that Greece should remain member of the European Union and welcomed EU ... Read more...

Posted in World |

US online spending up


May 10th, 2012 - 1:48 pm ICT by IANS
Washington, May 10 (IANS) US online retail spending reached $44.3 billion in the first three months of this year, with help from shoppers using tablet computers to buy clothing and ... Read more...

Posted in Sci-Tech |

South Korean economic indicators weaken


May 8th, 2012 - 4:14 pm ICT by IANS
Seoul, May 8 (IANS) South Korean economy continued to see employment improve, but economic indicators weakened amid slowing consumer price inflation, the finance ministry said Tuesday."Our economy saw employment maintain ... 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 |

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 |

US unemployment rate drops in April


May 5th, 2012 - 12:43 am ICT by IANS
Washington, May 4 (IANS) The US unemployment rate fell slightly to 8.1 percent in April despite fewer job gains, the Labor Department said Friday.The reading was generally in line with ... Read more...

Posted in Business |

US factory orders drop


May 3rd, 2012 - 12:00 am ICT by IANS
Washington, May 2 (IANS) New orders for US manufactured goods declined in March, after an increase in the previous month, a sign of a bumpy economic recovery, the US Commerce ... Read more...

Posted in Uncategorized |

New Zealand interest rate unchanged


April 26th, 2012 - 1:43 pm ICT by IANS
Wellington, April 26 (IANS) New Zealand's central bank Thursday announced it is to leave its interest rate unchanged at 2.5 percent.The Reserve Bank of New Zealand (RBNZ) hinted that the ... Read more...

Posted in Business |

US Fed hints at new steps to boost recovery


April 26th, 2012 - 3:40 am ICT by IANS
Washington, April 26 (IANS) US Federal Reserve Chairman Ben Bernanke Wednesday exuded frustration with the slow labor market recovery and hinted that the central bank was poised to take further ... Read more...

Posted in Business |

IMF arms itself with $430 bn new funding


April 21st, 2012 - 10:20 am ICT by IANS
Washington, April 21 (IANS) The International Monetary Fund has almost doubled its "fire power" to protect the world economy against deepening debt turmoil in Europe with the Group of 20 ... Read more...

Posted in Uncategorized |

South Korea’s economic growth to slow in 2012: ADB


April 13th, 2012 - 1:35 pm ICT by IANS
Seoul, April 13 (IANS) South Korea's economic growth was expected to slow to 3.4 percent this year as economic downturn in advanced nations may hamper the country's exports, which account ... Read more...

Posted in Uncategorized |

`South Korean exports to grow’


April 10th, 2012 - 2:44 pm ICT by IANS
Seoul, April 10 (IANS) South Korea's exports were estimated to grow 3 percent in the second quarter due to expected solid demand from advanced economies, a state-run trade bank said ... Read more...

Posted in Business |

US stocks tumble after March jobs report


April 10th, 2012 - 3:52 am ICT by IANS
New York, April 10 (IANS) US stocks tumbled Monday as investors came back from a weekend holiday and finally got a chance to react to Friday's jobs data, Xinhua reported.The ... Read more...

Posted in Business |

Chinese coal demand to drop in Q2


April 9th, 2012 - 9:31 am ICT by IANS
Beijing, April 9 (IANS) Demand for coal in China will drop during the second quarter of the current fiscal year, an expert said.Supply and demand will continue to be balanced ... Read more...

Posted in Business |

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