economy minister

Spanish government approves `bad bank’ for toxic assets


September 1st, 2012 - 3:07 pm ICT by IANS
Madrid, Sep 1 (IANS/EFE) Spain's government has approved a new financial sector overhaul required by Brussels as a part of a bank-rescue programme, creating an asset-management agency - or "bad ... Read more...

Posted in Business |

No more cuts coming, says Spanish minister


August 6th, 2012 - 11:41 am ICT by IANS
Madrid, Aug 6 (IANS/EFE) Economy Minister Luis de Guindos has said in an interview that although Spain is finally asking for help from the European rescue fund there will be ... Read more...

Posted in Business |

Markets continue to hammer Spanish debt


July 24th, 2012 - 12:38 pm ICT by IANS
Madrid, July 24 (IANS/EFE) The yield on Spanish 10-year bonds rose Monday to a prohibitive 7.49 percent amid fears that nothing short of massive intervention by the European Central Bank ... Read more...

Posted in Business |

Spanish government approves austerity package


July 14th, 2012 - 1:01 pm ICT by IANS
Madrid, July 14 (IANS/EFE) Spain's conservative Popular Party government has approved a new austerity package, its fourth in seven months, saying the measures it contains are justified by the country's ... Read more...

Posted in Business |

Spain’s recession to worsen, says minister


July 2nd, 2012 - 12:52 pm ICT by IANS
Navacerrada (Spain), July 2 (IANS/EFE) Spain's economic recession is getting worse, and the economic figures from the second quarter point to a "slightly greater" decline of the gross domestic product ... Read more...

Posted in Business |

Berlusconi wants to be economy minister in 2013


June 28th, 2012 - 12:52 pm ICT by IANS
Rome, June 28 (IANS/AKI) Former Italian prime minister Silvio Berlusconi has said he would like to be economy minister if his conservative party wins the elections in 2013. Speaking to ... Read more...

Posted in Politics |

Eurozone agrees to bail out Spanish banks


June 10th, 2012 - 7:53 am ICT by IANS
Moscow/Madrid, June 10 (IANS/RIA Novosti) Eurozone finance ministers have agreed to lend Spain up to 100 billion euros ($125 billion) to bail out its troubled banks as Madrid officially stated ... Read more...

Posted in Business |

Spanish jobless rate climbs above 24 percent


April 28th, 2012 - 12:28 pm ICT by IANS
Madrid, April 28 (IANS/EFE) The ranks of Spain's unemployed expanded by nearly 366,000 in the first quarter to a record 5.63 million, or 24.44 percent of the workforce, the government ... Read more...

Posted in Business |

UAE, Lebanon seek to boost trade ties


April 5th, 2012 - 1:18 am ICT by IANS
Dubai, April 4 (IANS/WAM) The UAE and Lebanon have sought to boost trade and investments between the two countries.UAE Economy Minister Sultan Al Mansoori and his Lebanese counterpart Nicolas Nahhas ... Read more...

Posted in Business |

Brazil, Mexico settle dispute over auto exports


March 17th, 2012 - 12:07 pm ICT by IANS
Mexico City, March 17 (IANS/EFE) Mexico and Brazil have modified their accord regulating bilateral trade in automobiles, including agreeing to cap the value of their vehicle exports over next three ... Read more...

Posted in Uncategorized |

Spain faces recession, growing unemployment in 2012


March 3rd, 2012 - 11:53 am ICT by IANS
Madrid, March 3 (IANS/EFE) Spain's gross domestic product will shrink 1.7 percent this year and the jobless rate will climb to 24.3 percent, the government said Friday.Those are the assumptions ... Read more...

Posted in Business |

Indonesia expects 1 mn Chinese tourists


March 3rd, 2012 - 12:36 am ICT by IANS
Jakarta, March 2 (IANS) The number of Chinese tourists to Indonesia will increase to one million by 2014, more than double the figure in 2010, a minister said Friday.Tourism and ... Read more...

Posted in Business |

Indonesia allocates $2.7 bn for poor


March 3rd, 2012 - 12:08 am ICT by IANS
Jakarta, March 2 (IANS) Indonesia will distribute 25 trillion rupiah (about $2.7 billion) to the poor impacted by the government's price hike of subsidized fuel.Economy Minister Hatta Radjasa said the ... Read more...

Posted in Politics |

Argentina says oil company owes $8 mn in tax


February 16th, 2012 - 11:55 am ICT by IANS
Buenos Aires, Feb 16 (IANS/EFE) Argentina's Treasury has prohibited oil company YPF, controlled by Spain's Repsol-YPF, from making any imports or exports until it pays an $8 million tax debt, ... Read more...

Posted in Business |

Spain unveils new rules to shore up banking sector


February 3rd, 2012 - 12:03 pm ICT by IANS
Madrid, Feb 3 (IANS/EFE) The government has outlined a programme aimed at shoring up Spain's ailing financial sector.The goal of the overhaul is to achieve in short order a healthier ... Read more...

Posted in Business |

Spanish economy expected to shrink in 2012


January 24th, 2012 - 2:42 pm ICT by IANS
Madrid, Jan 24 (IANS/EFE) The Spanish economy will contract 1.5 percent and unemployment will climb to 23.4 percent, the country's central bank said Monday.While predicting a "modest recovery" in 2013, ... Read more...

Posted in Business |

UAE, Albania to enhance economic cooperation


January 22nd, 2012 - 3:09 am ICT by IANS
Dubai, Jan 21 (IANS/WAM) The UAE and Albania Saturday signed an agreement to enhance bilateral economic cooperation.UAE Economy Minister Sultan Bin Saeed Al Mansouri and Albanian Deputy Prime Minister Edmond ... Read more...

Posted in Business |

Mortgage activity in Spain falls


December 29th, 2011 - 11:47 am ICT by IANS
Madrid, Dec 29 (IANS/EFE) The number of new residential mortgages in Spain fell 43.6 percent in October compared with the year before, the National Statistics Institute, or INE, said Wednesday.The ... Read more...

Posted in Business |

Brazil will soon be world’s No.5 economy: Minister


December 28th, 2011 - 12:36 pm ICT by IANS
Sao Paulo, Dec 28 (IANS/EFE) Brazil's finance minister said Tuesday that his country, which now boasts of being the world's sixth-largest economy, will overtake France for the fifth spot before ... Read more...

Posted in Business |

`Spanish economy contracting’


December 27th, 2011 - 12:06 pm ICT by IANS
Madrid, Dec 27 (IANS/EFE) Spain's new economy minister said Monday that the nation's economy will post negative growth in the fourth quarter of this year and the first three months ... Read more...

Posted in Business |

Income inequity unavoidable, says minister


December 15th, 2011 - 9:30 pm ICT by IANS
New Delhi, Dec 15 (IANS) Income inequity does grow in the initial stages of market driven economy, Minister of State for Planning Ashwani Kumar said Thursday."When the economy moves on ... Read more...

Posted in Business |

UAE, Romania seek close trade ties


November 23rd, 2011 - 12:24 am ICT by IANS
Dubai, Nov 22 (IANS/WAM) The UAE and Romania have discussed ways to boost their economic cooperation.The talks were held between UAE Economy Minister Sultan Al Mansoori and his Romanian counterpart ... Read more...

Posted in Business |

Malaysia-India can enhance world economy: Minister


November 1st, 2011 - 9:21 pm ICT by IANS
Aligarh, Nov 1 (IANS) Mutual cooperation between Malaysia and India can enhance the world economy to a new horizon, Abdul Taib Mahmud, chief minister of Malaysia's Sarawak state, said ... Read more...

Posted in Uncategorized |

Iranian lawmakers to impeach economy minister


October 11th, 2011 - 3:29 am ICT by IANS
Tehran, Oct 11 (IANS) Iranian lawmakers have signed a motion to impeach the country's Economy Minister Shamseddin Hosseini for swindling banks of nearly $2.6 billion, the official media reported.Hosseini has ... Read more...

Posted in World |

Abu Dhabi to host global economic summit


October 5th, 2011 - 8:51 pm ICT by IANS
Abu Dhabi, Oct 5 (IANS/WAM) Abu Dhabi will host the 4th World Economic Forum Summit Oct 10-11, it was announced Wednesday.Over 800 experts representing educational and business sectors, the civil ... Read more...

Posted in Business |

Two French banks downgraded by Moody’s


September 14th, 2011 - 5:39 pm ICT by IANS
Paris, Sep 14 (IANS) Financial ratings agency Moody's Wednesday downgraded two leading French banks, Societe Generale and Credit Agricole SA. The US-based agency has cut Credit Agricole's rating from AA1 ... Read more...

Posted in Business |

Wall Street rises on China hope


September 13th, 2011 - 6:04 am ICT by IANS
New York, Sep 13 (IANS) The US stocks rose in the last hour Monday as investors were smoothed by Italy's turning to China for help, Xinhua reported.The market opened lower ... Read more...

Posted in Business |

UAE, Afghanistan hold bilateral talks


September 5th, 2011 - 12:25 am ICT by IANS
Dubai, Sep 4 (IANS/WAM) The United Arab Emirates and Afghanistan have held bilateral talks, emphasising on the areas of transport and civil aviation.The discussion was held between UAE Economy Minister ... Read more...

Posted in World |

Textile sector remains core to the Indian economy: Minister


August 26th, 2011 - 12:32 am ICT by IANS
Mumbai, Aug 25 (IANS) The Technology Upgradation Funds Scheme (TUFS) that provides support for textiles through interest reimbursement and capital subsidy, will be extended during the 12th Plan period as ... Read more...

Posted in Business |

Markets hammer Spanish bonds


August 3rd, 2011 - 1:20 pm ICT by IANS
Madrid, Aug 3 (IANS/EFE) Prime Minister Jose Luis Rodriguez Zapatero decided to postpone his summer break after the risk premium on Spanish government bonds climbed to a record 400 basis ... Read more...

Posted in Business |

UAE, Britain seek to strengthen economic relations


June 4th, 2011 - 11:53 pm ICT by IANS
Dubai, June 4 (IANS/WAM) The United Arab Emirates and Britain have discussed ways to enhance economic relations.The UAE's Economy Minister, Sultan bin Saeed Al Mansouri, Saturday met British Minister of ... Read more...

Posted in Business |

Spain touts major deficit reduction


June 1st, 2011 - 1:34 pm ICT by IANS
Madrid, June 1 (IANS/EFE) The Spanish government accumulated a deficit of 2.45 billion euros ($3.5 billion) in the first four months of the year, a reduction of 53 percent from ... Read more...

Posted in Business |

UAE, Algeria discuss trade


May 26th, 2011 - 12:15 am ICT by IANS
Abu Dhabi, May 25 (IANS/WAM) The UAE and Algeria have begun discussions here to boost trade cooperation, particularly in the fields of aviation, energy, industry and finance.UAE Economy Minister Sultan ... Read more...

Posted in Business |

UAE, Azerbaijan seek to boost trade ties


May 8th, 2011 - 1:04 am ICT by IANS
Baku (Azerbaijan), May 7 (IANS/WAM) Visiting UAE Economy Minister Sultan Bin Saeed Al Mansoori and his Azerbaijani counterpart Shaheen Mustaphiaaph have signed a protocol to boost trade and investment between ... Read more...

Posted in Business |

Moody’s downgrades Spain’s debt rating


March 11th, 2011 - 11:55 am ICT by IANS
Madrid, March 11 (IANS/EFE) Moody's downgraded Spain's debt rating Thursday from Aa1 to Aa2 with a negative outlook, citing high bank recapitalisation costs.Six months after stripping Spain of its highest-quality ... Read more...

Posted in Business |

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