european economy

Chinese president reaffirms support to Europe in debt crisis


August 31st, 2012 - 12:08 am ICT by IANS
Beijing, Aug 30 (IANS) Chinese President Hu Jintao said Thursday that China firmly supports Europe's efforts to overcome the debt crisis and the important role that the International Monetary Fund ... Read more...

Posted in World |

Venezuela boosts oil sales to China


August 14th, 2012 - 11:47 am ICT by IANS
Caracas, Aug 14 (IANS/EFE) Venezuela has increased oil sales to China to 640,000 barrels a day, the Andean nation's energy minister said."Before, we never sold a single barrel of petroleum ... Read more...

Posted in Business |

S&P; cuts Tata Steel outlook to negative


July 26th, 2012 - 9:01 pm ICT by IANS
New Delhi, July 26 (IANS) Global ratings agency Standard & Poor's Thursday cut its outlook on Tata Steel and its European subsidiary Tata Steel UK Holdings Ltd to "negative" from ... Read more...

Posted in Business |

Wall Street fall on European concerns (Lead)


April 24th, 2012 - 9:55 am ICT by IANS
New York, April 24 (IANS) US stocks slipped Monday as investors were concerned about new developments in Europe's debt crisis and political turmoil.The European PMI data declined to 47.4 in ... Read more...

Posted in Business |

With Europe in crisis, Spain looks at India


March 21st, 2012 - 5:58 pm ICT by IANS
New Delhi, March 21 (IANS) With the eurozone crisis threatening the continent's economy and putting its own in a downswing, Spain is looking at India for some support and solutions.This ... Read more...

Posted in World |

EU trade deficit with China declines


February 14th, 2012 - 3:30 pm ICT by IANS
Brussels, Feb 14 (IANS) The trade deficit of the European Union (EU) with China decreased to 132 billion euros ($174.8 billion) for the first 10 months of 2011 from 140 ... Read more...

Posted in Business |

Indian economy to grow 7.7 percent in 2012: UN


January 17th, 2012 - 4:32 pm ICT by IANS
New Delhi, Jan 17 (IANS) India's gross domestic product (GDP) is expected to grow by 7.7 percent in 2012 and 7.9 percent in the following year as compared to the ... Read more...

Posted in Business |

India, EU firm up agenda for summit, discuss free trade


January 16th, 2012 - 9:17 pm ICT by IANS
Bangalore, Jan 16 (IANS) India and the European Union Monday held wide-ranging talks on trade and security issues to firm up the agenda for their summit next month.Catherine Ashton, the ... Read more...

Posted in Uncategorized |

Wall Street mixed amid European concern (Lead)


January 12th, 2012 - 7:00 am ICT by IANS
New York, Jan 12 (IANS) US stocks closed mixed Wednesday as concerns about the European debt crisis kept pressuring the market, but upbeat US economic situation came as a relief.The ... Read more...

Posted in Business |

Spain’s CaixaBank ventures into India


November 9th, 2011 - 5:37 pm ICT by IANS
New Delhi, Nov 9 (IANS) One of the largest banks in the Eurozone, CaixaBank, Wednesday announced it would be setting up a representative office in India to help Spanish companies ... Read more...

Posted in Business |

World has expectations from G20 summit: China


November 3rd, 2011 - 3:29 pm ICT by IANS
Cannes (France), Nov 3 (IANS) The international community has expectations from the G20 Summit here in view of the slow recovery of the global economy, Chinese President Hu Jintao has ... Read more...

Posted in World |

Europe must find solution to its debt crisis: Pranab


October 17th, 2011 - 9:47 pm ICT by IANS
New Delhi, Oct 17 (IANS) Finance Minister Pranab Mukherjee said Monday that Europe will have to find its own solutions to the sovereign debt crisis that some countries ... Read more...

Posted in Business |

Sensex slumps 302 points amid global sell-off


October 3rd, 2011 - 6:17 pm ICT by IANS
Mumbai, Oct 3 (IANS) A benchmark index for Indian equities markets slumped almost two percent Monday, taking a cue from the sell-off in global markets, which were spooked by ... Read more...

Posted in Business |

European leaders disagree over China’s EU investments


December 28th, 2010 - 11:34 pm ICT by BNO News
BRUSSELS (BNO NEWS) -- European leaders are in disagreement over limiting China's European Union investments which increased by 12 percent this year, Deutsche Welle television reported on Tuesday.European Union industry commissioner Antonio ... Read more...

Posted in Business |

European economy gets hit by massive snowfall (Second Lead)


December 20th, 2010 - 6:06 pm ICT by IANS
London, Dec 20 (IANS) Holiday plans of thousands of people have been thrown into disarray after many places across Europe were severely affected by heavy snowfall, even as the freezing winter has ... Read more...

Posted in Environment |

European crisis hits profits of Infosys


July 13th, 2010 - 9:36 pm ICT by ANI
Bangalore, Jul 13 (ANI): Infosys Technologies' quarterly summary presents a surprise drop in the profits due to a weak European economy which in turn could curb new orders and dampen a recovery ... Read more...

Posted in National |

Iceland volcano ash cloud: Governments must base decisions on fact not theory - IATA


April 19th, 2010 - 7:26 pm ICT by BNO News
PARIS (BNO NEWS) -- The International Air Transport Association (IATA) criticized on Monday European governments for their "lack of leadership" in handling airspace restrictions in light of the Icelandic volcano ... Read more...

Posted in World News |

British Airways says it asked the government for financial compensation for airspace closure


April 19th, 2010 - 6:35 pm ICT by BNO News
LONDON (BNO NEWS) -- British Airways on Monday said it has asked the government for financial compensation for the closure of European airspace due to volcanic ash from Iceland, saying ... Read more...

Posted in World |

RAW — British Airways statement on volcanic ash situation


April 19th, 2010 - 6:09 pm ICT by BNO News
LONDON (BNO NEWS) -- British Airways CEO Walsh on Monday said that European airlines have asked the European Union and national governments for financial compensation for the closure of airspace. ... Read more...

Posted in World News |

US stocks fall on stalled European economy


February 13th, 2010 - 10:03 am ICT by IANS
New York, Feb 13 (DPA) Most major US stock indices fell amid signs that Europe's economic recovery was stalling. The 16-member eurozone grew less than expected in the final quarter of 2009, adding ... Read more...

Posted in Business |

EU economy will recover faster than expected: official


January 12th, 2010 - 6:48 pm ICT by IANS
Madrid, Jan 12 (DPA) The European economy will recover from the crisis sooner than expected, European competition commissioner-designate Joaquin Almunia said Tuesday. The economy would recover "a bit faster" than expected, though it ... Read more...

Posted in Business |

Europe faces many years of weak growth: IMF


October 3rd, 2009 - 4:35 pm ICT by IANS
Istanbul, Oct 3 (DPA) Europe will feel the effects of the global economic and financial crisis well beyond the next year, hampered by slower growth and high unemployment, the International Monetary ... Read more...

Posted in Business |

Brace for deceleration of India’s growth: Mukherjee


September 7th, 2009 - 5:04 pm ICT by IANS
New Delhi, Sep 7 (IANS) There is little hope of reversing the slowdown in India's merchandise exports in the near term, and the country's growth is expected to decelerate in the ... Read more...

Posted in Business |

Europe still in recession, Q2 estimates show


August 13th, 2009 - 5:16 pm ICT by IANS
Brussels, Aug 13 (DPA) Europe's economy remained stuck in recession, with second quarter figures out Thursday showing gross domestic product (GDP) contracting by 0.3 percent in the European Union and by 0.1 ... Read more...

Posted in World |

No recovery until 2010, eurozone ministers warn


March 10th, 2009 - 11:41 am ICT by IANS
Brussels, March 10 (DPA) The European economy is in much worse shape than previously anticipated and will not recover from recession before 2010, eurozone finance ministers have warned. However, European governments will resist ... Read more...

Posted in World |

European economic confidence hits historic low


November 27th, 2008 - 8:19 pm ICT by IANS
Berlin, Nov 27 (DPA) European economic sentiment slumped to an historic low in November, a key indicator released Thursday showed, amid signs that the slowdown in the global economy is gaining momentum.The ... Read more...

Posted in World |

EU unveils $260-billion recovery plan


November 26th, 2008 - 7:44 pm ICT by IANS
Brussels, Nov 26 (DPA) President of the European Commission, the executive arm of the European Union (EU), Jose Manuel Barroso Wednesday unveiled a 200-billion-euro ($260 billion) economic recovery plan designed to help ... Read more...

Posted in Business |

Europe ‘on edge of recession’ as world economy slumps


August 14th, 2008 - 7:32 pm ICT by IANS
DPA Berlin, Aug 14 (DPA) The European economy shrank during the second quarter, data released Thursday showed, amid worries that the region's slowdown could accelerate further. The 15-member eurozone contracted by 0.2 percent ... Read more...

Posted in Business |

Sarkozy, Brown humbled at EU at summit


March 14th, 2008 - 8:38 am ICT by admin
DPA Brussels, March 14 (DPA) European Union (EU) leaders humbled French President Nicolas Sarkozy Thursday by watering down his ambitious plans to create a union of Mediterranean countries. They also gave British premier ... Read more...

Posted in World |

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