economic uncertainty

China home appliance industry loses steam


June 11th, 2012 - 9:19 pm ICT by IANS
Beijing, June 11 (IANS) China's home appliance sales growth nearly came to a halt in May, stoking concerns about an economic downturn, a media report said Monday.Sales last month totalled ... 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 |

Spanish economy back in recession


April 24th, 2012 - 10:51 am ICT by IANS
Madrid, April 24 (IANS/EFE) Spain's gross domestic product shrank 0.4 percent in the first three months of this year after contracting 0.3 percent in the fourth quarter of 2011, according ... Read more...

Posted in Business |

Infotech’s revenues up by 30 percent


April 18th, 2012 - 11:41 pm ICT by IANS
Hyderabad, April 18 (IANS) Infotech Enterprises Limited, a global technology solutions provider, has recorded a growth of 30.7 percent in revenues while the operating profit has gone up by 50 ... Read more...

Posted in Sci-Tech |

Sensex recovers, closes 165 points up on value buying (Roundup)


March 23rd, 2012 - 7:56 pm ICT by IANS
Mumbai, March 23 (IANS) Amid volatile trade, a benchmark index for Indian equities markets Friday closed 165 points higher, led by buying in recently battered stocks. Global cues were, ... Read more...

Posted in Business |

Markets quiet in noon trade, FMCG, IT scrips gain


March 23rd, 2012 - 1:43 pm ICT by IANS
Mumbai, March 23 (IANS) Indian equities markets were trading in a tight but volatile range Friday, with a benchmark index managing to creep up into the green after a ... 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 |

Senate passes Tax Cut Bill


December 24th, 2011 - 12:12 am ICT by Aishwarya Bhatt
Washington, Dec 23 (THAINDIAN NEWS) US lawmakers once again left it late too avert a major economic uncertainty. With just eight days to the expiration of the Bush-era tax cuts, the fate ... Read more...

Posted in World News |

Japan’s exports fall in November


December 21st, 2011 - 2:28 pm ICT by IANS
Tokyo, Dec 21 (IANS) Japan's exports fell 4.5 percent in November from a year earlier, marking the second straight month of decline, the ministry of finance said in a preliminary ... Read more...

Posted in Uncategorized |

BRICS source of stability in time of recession: PM


December 15th, 2011 - 3:29 pm ICT by IANS
New Delhi, Dec 15 (IANS) Ahead of the BRICS (Brazil, Russia, India, China and South Africa) summit New Delhi will host next year, Prime Minister Manmohan Singh has said ... Read more...

Posted in Business |

India downgrades 2011-12 economic growth to 7.5 percent


December 9th, 2011 - 6:06 pm ICT by IANS
New Delhi, Dec 9 (IANS) The government Friday officially downgraded the gross domestic product (GDP) growth rate to around 7.5 percent for the current fiscal, citing the domestic slowdown ... Read more...

Posted in Business |

Rupee hits record low, government blames global economic turmoil (Roundup)


November 22nd, 2011 - 8:13 pm ICT by IANS
New Delhi/Mumbai, Nov 22 (IANS) The Indian rupee hit a record low at 52.73 to the US dollar Tuesday leaving the corporate sector worried and stoking fears of inflation ... Read more...

Posted in Uncategorized |

Rupee falls to record low, Mukherjee blames global conditions


November 22nd, 2011 - 3:26 pm ICT by IANS
Mumbai, Nov 22 (IANS) The Indian rupee fell to a record low of 52.73 to a dollar in early trade Tuesday, making imports especially of oil costlier, and sparking ... Read more...

Posted in Business |

Japan’s exports fell in October


November 21st, 2011 - 3:40 pm ICT by IANS
Tokyo, Nov 21 (IANS) Japan's exports fell 3.7 percent in October from a year earlier, marking the first decline in three months, the finance ministry said in a preliminary report ... Read more...

Posted in Business |

EU urges Greece to reaffirm reform commitment


November 8th, 2011 - 1:33 pm ICT by IANS
Brussels, Nov 8 (IANS/RIA Novosti) Greece could receive a blocked bailout instalment, the sixth tranche worth 8 billion euros ($11 billion), if the nation's incoming government reaffirms its commitment on ... Read more...

Posted in Politics |

Wipro upbeat despite flat IT growth


October 31st, 2011 - 7:53 pm ICT by IANS
Bangalore, Oct 31 (IANS) India's third largest IT bellwether Wipro Ltd. remains upbeat on its growth prospects in the coming quarters despite a marginal increase in net profit for the ... Read more...

Posted in Sci-Tech |

Gold sales up on Dhanteras despite high prices


October 24th, 2011 - 5:43 pm ICT by IANS
New Delhi, Oct 24 (IANS) Gold sales were high on the auspicious day of Dhanteras Monday as buyers flocked to jewellery stores despite the high prices of the precious metal."The ... Read more...

Posted in Business |

India to grow by 8.5-9 percent in long term: Mukherjee


October 17th, 2011 - 6:11 pm ICT by IANS
New Delhi, Oct 17 (IANS) Amid international economic uncertainty, Finance Minister Pranab Mukherjee Monday said he expectS India's GDP to grow by 8.5-9 percent in the medium to long-term ... Read more...

Posted in Business |

Airline industry to post $6.9 bn profit: IATA


September 20th, 2011 - 5:06 pm ICT by IANS
New Delhi, Sep 20 (IANS) The international airlines association Tuesday hiked the industry's profit levels in the current year to $6.9 billion from the $4 billion it had projected earlier, ... Read more...

Posted in Uncategorized |

Indian IT industry to grow 16-18 percent, market cautious


August 23rd, 2011 - 10:10 pm ICT by IANS
New Delhi, Aug 23 (IANS) Software industry body Nasscom Tuesday said it is confident about its projection that the IT industry in India will continue to be on the growth ... Read more...

Posted in Business |

India, China driving gold demand despite high price: Council


August 18th, 2011 - 1:10 pm ICT by IANS
London, Aug 18 (IANS) Accounting for over half of global gold demand, India and China have driven the sales of this precious metal to near-record levels during the first half ... Read more...

Posted in Uncategorized |

Mexico girds up to deal with market turmoil, US slowdown


August 11th, 2011 - 11:38 am ICT by IANS
Mexico City, Aug 11 (IANS/EFE) Mexico can draw on more than $200 billion as it prepares to cope with current market turmoil and insulate its economy from external shocks, Finance ... Read more...

Posted in Business |

Fall in US durable goods orders


July 28th, 2011 - 11:39 am ICT by IANS
Washington, July 28 (IANS/EFE) US firms saw a 2.1 percent decline last month in orders for durable goods such as aircraft, computers and heavy machinery, the Commerce Department said Wednesday.Orders ... Read more...

Posted in Business |

No impact of uncertainty on IT business: Premji (Lead)


July 20th, 2011 - 9:02 pm ICT by IANS
Bangalore, July 20 (IANS) Global IT services business continued to remain strong despite uncertainty and a volatile macro-economic environment, Wipro chairman Azim Premji said Wednesday."There is some uncertainty as macro-economic ... Read more...

Posted in Business |

Global economy recovering steadily but risks remain: G20


April 16th, 2011 - 11:23 am ICT by IANS
Washington, April 16 (IANS/RIA Novosti) The global economic growth is increasing but there are still certain risks of a decline, the G20 finance ministers and central bankers have said in ... Read more...

Posted in Business |

Buoyant Indian IT industry rebounds but remains cautious (2010 in Retrospect)


December 30th, 2010 - 3:48 pm ICT by IANS
By Fakir Balaji Bangalore, Dec 30 (IANS) Recovering from global tech meltdown, the resilient Indian IT industry returned to high growth during a tumultuous 2010 but is cautiously optimistic about 2011 in ... Read more...

Posted in Business |

Gizmos straight out of sci-fi films coming up: Intel


December 19th, 2010 - 1:22 pm ICT by IANS
New Delhi, Dec 19 (IANS) Come 2011, and tech enthusiasts can look forward to newer, smarter, powerful and personalised technologies seen only in science fiction movies, says Intel, the world's largest computer ... Read more...

Posted in Business |

French MEP Rachida Dati confuses fellatio with inflation


September 27th, 2010 - 2:50 pm ICT by ANI
London, Sept 27 (ANI): French politician Rachida Dati has had to issue an apology after she made an embarrassing blunder by confusing fellatio with inflation.Dati, 44, a former Justice Minister, who ... Read more...

Posted in World |

In Labor Day message, Hindus urge urgent efforts at jobs creation


August 27th, 2010 - 5:21 pm ICT by ANI
Nevada (US), Aug 27 (ANI): Hindus have urged urgent efforts at jobs creation and poverty reduction.Noted Hindu statesman Rajan Zed, in the message for upcoming Labor Day from Nevada (USA) today, said ... Read more...

Posted in World |

Tories rule out post poll alliance with Lib Dems


May 3rd, 2010 - 1:31 pm ICT by ANI
London, May 3 (ANI): Britain's Conservative Party leader David Cameron has said that he has no intention of working on a post-poll tie-up with the Nick Clegg-led Lib Dem alliance.According to ... Read more...

Posted in World |

Consumers to start year on sober note


December 22nd, 2009 - 10:51 am ICT by IANS
Berlin, Dec 22 (DPA) German consumers are entering the new year in a sober mood, with a key survey released Tuesday expected to show a fall in confidence among households in Europe's ... Read more...

Posted in Health Science |

Prize money rise on offer for Australian Open players


October 6th, 2009 - 2:29 pm ICT by IANS
Melbourne, Oct 6 (DPA) Money doesn't seem to be in short supply for the 2010 Australian Open as officials Tuesday joined the other free-spending Grand Slams to hand a healthy prize-money rise ... Read more...

Posted in Sports |

Europe’s central bank unlikely to change interest rates


August 6th, 2009 - 11:49 am ICT by IANS
Frankfurt, Aug 6 (DPA) The European Central Bank (ECB) is expected to leave interest rates on hold at an historic low of 1 percent Thursday as it faces up to a string ... Read more...

Posted in Business |

Diabetes risk highest among poorest people


July 27th, 2009 - 3:14 pm ICT by ANI
London, July 27 (ANI): A charity in Britain has warned that people who are the poorest in the country may be more than twice likely to develop diabetes at any age, compared ... Read more...

Posted in Health Science |

Consumer values are changing, says study


May 14th, 2009 - 9:23 am ICT by IANS
Kelkheim (Germany), May 14 (DPA) In future consumers will consider issues such as health and the environment more seriously when buying products, a German study has found. Consumers will be more interested in ... Read more...

Posted in Business |

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