eurozone

Austerity necessary to regain credibility: Greek PM


September 9th, 2012 - 7:14 pm ICT by IANS
Athens, Sep 9 (IANS) Greek Prime Minister Antonis Samaras has stressed that a fresh austerity package under discussion is necessary to regain credibility and overcome the threatening debt crisis."We are ... 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 |

Weak demand dampens business confidence: FICCI


September 2nd, 2012 - 5:35 pm ICT by IANS
New Delhi, Sep 2 (IANS) Weak demand and slow economic growth has dampened business confidence in India, according to a survey conducted by the Federation of Indian Chambers of Commerce ... Read more...

Posted in Uncategorized |

Cash-strapped Greece cuts government jets


August 28th, 2012 - 10:29 am ICT by IANS
Athens, Aug 28 (IANS/RIA Novosti) The Greek government has officially announced it was getting rid of a set of three jets as part of the debt-laden country's cost-cutting efforts.A government ... Read more...

Posted in World |

21 world leaders visited India this year, more on way


August 26th, 2012 - 5:35 pm ICT by IANS
New Delhi, Aug 26 (IANS) India continued to be a favourite overseas destination for world leaders with as many as 21 heads of state or government visiting the country ... Read more...

Posted in South Asia |

Greek PM asks for ‘time to breathe’


August 25th, 2012 - 1:25 pm ICT by IANS
Berlin, Aug 25 (IANS) Greek Prime Minister Antonis Samaras has said his country does not want more aid but asked for "time to breathe". "We don't want more aid ... ... 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 |

Situation in Europe not as bad as perceived: EU official


August 22nd, 2012 - 1:07 am ICT by IANS
Mumbai, Aug 21 (IANS) Stating that the situation in Europe is not as bad as is generally believed, European Financial Stability Facility (EFSF) CEO Klaus Regling Tuesday asserted that the ... Read more...

Posted in Uncategorized |

Spanish trade deficit drops


August 17th, 2012 - 1:03 pm ICT by IANS
Madrid, Aug 17 (IANS) Spain's trade deficit fell 22.5 percent in the first six months of 2012, reaching 18.64 billion euros ($22.92 billion), authorities said.Exports increased by 3.4 percent annually ... Read more...

Posted in Business |

Russia ready for possible economic meltdown: Putin


August 16th, 2012 - 8:19 pm ICT by IANS
Moscow, Aug 16 (IANS/RIA Novosti) The Russian economy is prepared for a possible economic meltdown as a result of the slowing of global growth and the escalating eurozone debt crisis, ... Read more...

Posted in Politics |

Brazil to see moderate growth in 2012


August 10th, 2012 - 1:41 pm ICT by IANS
Rio de Janeiro, Aug 10 (IANS) Brazil should be able to achieve moderate growth in 2012, while most of the OECD's 34 member economies will lose steam in the coming ... Read more...

Posted in Business |

Belgium calls for early signing of India-EU free trade pact


August 3rd, 2012 - 8:09 pm ICT by IANS
New Delhi, Aug 3 (IANS) Belgium Friday made a strong pitch for an early conclusion of the free trade agreement between India and European Union (EU), saying it would significantly ... Read more...

Posted in Business |

South Korean central bank cuts policy rate (Lead)


July 12th, 2012 - 2:19 pm ICT by IANS
Seoul, July 12 (IANS) Bank of Korea (BOK), South Korea's central bank, unexpectedly cut its benchmark interest rate to 3 percent Thursday, lowering the 7-day repo rate for the first ... Read more...

Posted in Business |

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 |

China’s inflation eases to 29-month low (Lead)


July 9th, 2012 - 3:02 pm ICT by IANS
Beijing, July 9 (IANS) China's Consumer Price Index (CPI), a main gauge of inflation, has eased to a 29-month low driven by falling food prices, leaving the government ample room ... Read more...

Posted in Business |

Sensex falls on global economic growth worries


July 6th, 2012 - 3:00 pm ICT by IANS
Mumbai, July 6 (IANS) A benchmark index for the Indian equities markets fell 0.31 percent in the afternoon session Friday due to selling pressure in realty, metal and IT ... Read more...

Posted in Business |

Kenya’s central bank cuts benchmark rate


July 6th, 2012 - 2:14 pm ICT by IANS
Nairobi, July 6 (IANS) Kenya's Central Bank (CBK) has reduced its interest benchmark rate (CB Rate) to 16.5 percent from 18 percent to bring inflation towards the medium-term target and ... Read more...

Posted in Business |

`Europe’s debt crisis to be prolonged’


July 6th, 2012 - 2:07 pm ICT by IANS
Seoul, July 6 (IANS) Europe's debt crisis has the nature of protracting and consistently existing due to the failure to tackle the region's fundamental structural problems, South Korea's finance minister ... Read more...

Posted in Business |

Global FDI rises 16 percent: UN report


July 6th, 2012 - 8:12 am ICT by IANS
Vienna, July 6 (IANS) Despite the ongoing eurozone crisis, global foreign direct investment (FDI) increased by 16 percent to $1.536 trillion in 2011, a UN report said.According to "World Investment ... Read more...

Posted in Business |

Britain to close borders if eurozone collapses


July 5th, 2012 - 5:40 am ICT by IANS
London, July 4 (IANS) Britain will close its borders to people from countries like Greece if the eurozone -- the group of 17 countries which use the euro as ... Read more...

Posted in World |

US stocks up in holiday-shortened session


July 4th, 2012 - 2:12 am ICT by IANS
New York, July 4 (IANS) US stocks traded higher in a holiday-shortened session Tuesday, as the latest weak data added to speculations that the central bank may take more steps ... Read more...

Posted in Business |

Cyprus takes over EU presidency


July 1st, 2012 - 6:18 pm ICT by IANS
Nicosia, July 1 (IANS/RIA Novosti) Cyprus is assuming the European Union's rotating presidency for the first time Sunday, amid concerns about the country's ability to cope with its own economic ... Read more...

Posted in World |

Sensex surges 381 points; Jindal Steel, Maruti Suzuki rally (Lead)


June 29th, 2012 - 4:23 pm ICT by IANS
Mumbai, June 29 (IANS) A benchmark index of Indian equities markets jumped 2.24 percent in the late afternoon session Friday led by European Union (EU) leaders' proposals for reviving ... Read more...

Posted in Business |

Sensex at 2 month high on EU hopes, GAAR clarifications


June 29th, 2012 - 2:44 pm ICT by IANS
Mumbai, June 29 (IANS) A benchmark index of Indian equities markets jumped 2.17 percent - touching a two month high - in the afternoon session Friday led by European ... Read more...

Posted in Business |

Sensex closes flat on derivatives expiry, weak European cues (Roundup)


June 28th, 2012 - 6:33 pm ICT by IANS
New Delhi, June 28 (IANS) A benchmark index for Indian equities markets Thursday closed flat, adding just 23 points in cautious trading on derivatives expiry and weak European cues.The ... Read more...

Posted in Business |

US stocks rally led by banks


June 23rd, 2012 - 11:35 am ICT by IANS
New York, June 23 (IANS) US stocks closed higher Friday after a huge sell-off in the previous session, boosted by the financial sector despite multiple credit ratings downgrades by Moody's.Ratings ... Read more...

Posted in Business |

Antonis Samaras sworn in as Greece prime minister


June 20th, 2012 - 9:58 pm ICT by IANS
Athens, June 20 (IANS) Antonis Samaras, leader of the New Democracy party, was Wednesday evening sworn in as the new prime minister of Greece.The presidential office said the Greek leader ... Read more...

Posted in Politics |

G20 may contribute over $450 bn to IMF: Calderon


June 20th, 2012 - 11:10 am ICT by IANS
Los Cabos (Mexico), June 20 (IANS/RIA Novosti) The Group of Twenty (G20) major economies may contribute more than $450 billion to the International Monetary Fund (IMF), G20 summit host Mexican ... 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 |

India pledges $10 bn to IMF for Eurozone


June 19th, 2012 - 8:03 am ICT by IANS
Los Cabos (Mexico), June 19 (IANS) India Monday pledged $10 billion to the International Monetary Fund (IMF) to help Eurozone countries out of the current crisis and prevent adverse fallout ... Read more...

Posted in Business |

Obama calls Greek election positive sign


June 19th, 2012 - 3:18 am ICT by IANS
Los Cabos (Mexico), June 19 (IANS) US President Barack Obama Monday called the election in Greece a positive sign and hoped the country would re-emerge from its debt crisis ... Read more...

Posted in Politics |

Samaras begins coalition talks for a Greece government (Second Lead)


June 18th, 2012 - 9:20 pm ICT by IANS
Athens, June 18 (IANS) Antonis Samaras, the leader of the New Democracy party, which narrowly won Greece's election has begun holding urgent talks to form a coalition, saying he wishes ... Read more...

Posted in Politics |

New Democracy party asked to form Greek government (Lead)


June 18th, 2012 - 8:15 pm ICT by IANS
Athens, June 18 (IANS) Greece President Karolos Papoulias has tasked Antonis Samaras, head of the conservative New Democracy party, with forming a government, the Greek state television reported Monday.Voting was ... Read more...

Posted in Politics |

New Democracy party asked to form Greek government


June 18th, 2012 - 7:58 pm ICT by IANS
Athens, June 18 (IANS/RIA Novosti) Greece President Karolos Papoulias has tasked Antonis Samaras, the head of the conservative New Democracy party, with forming a government, according to Greek state ... Read more...

Posted in Politics |

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