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 |
PM calls for quick decision on hike in voting rights
June 20th, 2012 - 3:06 am ICT by IANS
Los Cabos (Mexico), June 20 (IANS) Prime Minister Manmohan Singh Tuesday welcomed the effort to increase the corpus of International Monetary Fund (IMF) to help Eurozone countries but said ... Read more...
Posted in Business |
India will grow faster: PM to ‘impatient’ citizens, investors (Lead)
June 19th, 2012 - 9:13 pm ICT by IANS
Los Cabos (Mexico), June 19 (IANS) Prime Minister Manmohan Singh Monday sought to send strong signals to fellow "impatient" citizens, global investors and, perhaps, skeptical rating agencies that he will ... Read more...
Posted in World |
Merkel advises Greek referendum on euro membership
May 19th, 2012 - 1:46 am ICT by IANS
Athens, May 19 (IANS) German Chancellor Angela Merkel has suggested to Greek President Karolos Papoulias to hold a referendum on the country's membership in the Eurozone during parliamentary polls, RIA ... Read more...
Posted in World |
Greece to vote in new polls June 17
May 17th, 2012 - 6:33 am ICT by IANS
Athens, May 17 (IANS/RIA Novosti) Greece will hold new parliamentary polls June 17 and a court official will head an interim government until then, state television reported.Council of State head ... Read more...
Posted in World |
EU to speed up bailout fund payments
March 3rd, 2012 - 7:39 am ICT by IANS
Brussels, March 3 (IANS/RIA Novosti) Leaders of Eurozone countries agreed to allocate funds faster for the EU permanent bailout fund Friday -- the second day of the EU summit in ... Read more...
Posted in World |
German industrial output shrinks
February 8th, 2012 - 2:18 pm ICT by IANS
Berlin, Feb 8 (IANS) German industrial output fell steeper than expected in December, posting the largest drop in three years, official data showed.The Ministry of Economy reported that German industrial ... Read more...
Posted in Uncategorized |
Germany calls for European rating agencies after S&P; downgrade
January 16th, 2012 - 4:56 pm ICT by IANS
Athens, Jan 16 (IANS/RIA Novosti) Europe needs to create independent credit rating agencies and stop relying solely on leading US-based agencies, German Foreign Minister Guido Westerwelle said during his visit ... Read more...
Posted in Business |
EU criticizes S&P;’s eurozone countries rating cut
January 14th, 2012 - 4:48 pm ICT by IANS
Brussels, Jan 14 (IANS) European Union's (EU) Economic Affairs Commissioner Olli Rehn has criticized Standard & Poor's for its decision to downgrade credit ratings of nine eurozone countries.The commissioner Friday ... Read more...
Posted in Business |
Eurozone to lend 150 bn euros to IMF
December 20th, 2011 - 3:15 pm ICT by IANS
Brussels, Dec 20 (IANS) Eurozone countries Monday have agreed to channel 150 billion euros (about $195 billion) to the International Monetary Fund (IMF) to boost a firewall against the debt ... Read more...
Posted in Business |
US stocks rise on positive retail data
December 14th, 2011 - 5:23 am ICT by IANS
New York, Dec 14 (IANS) US stocks opened higher Tuesday on positive retail data.According to the commerce department, US retail sales rose 0.2 percent after a 0.6-percent gain in October.The ... Read more...
Posted in Business |
Ratings agencies wary of EU summit impact on debt
December 13th, 2011 - 1:43 pm ICT by IANS
New York, Dec 13 (IANS) Three major ratings agencies said Monday that last week's EU summit was not enough to ease pressure on eurozone sovereign debt since no decisive initiatives ... Read more...
Posted in Business |
IMF approves another bailout tranche for Greece
December 6th, 2011 - 4:03 pm ICT by IANS
Moscow, Dec 6 (IANS/RIA Novosti) The International Monetary Fund has approved a 2.2-billion euro ($2.9 billion) instalment of international financial aid to keep the Greek economy afloat, the global financial ... Read more...
Posted in Business |
Italy’s debt interest-payment levels reach record level
November 9th, 2011 - 7:40 pm ICT by IANS
Rome, Nov 9 (IANS/AKI) The amount Italy must pay on the world's fourth-highest debt rose to a record level raising concern that Rome may have to turn to Brussels for ... Read more...
Posted in Business |
Eurozone poses fresh tension to global economy: Basu
November 5th, 2011 - 12:34 am ICT by IANS
Kolkata, Nov 4 (IANS) Terming Europe as the "trouble zone", the union finance ministry's Chief Economic Advisor Kaushik Basu Friday said the region creates a tension to the world economy."Some ... Read more...
Posted in Business |
Greece upset calculations, let it not spillover: Manmohan
November 4th, 2011 - 12:19 am ICT by IANS
Cannes, Nov 3 (IANS) With non-member Greece throwing the G20 Summit here into a tailspin, India Thursday called for urgent steps to resolve the Eurozone crisis and said emerging ... Read more...
Posted in Uncategorized |
Brazil, Russia, China, South Africa invited for BRICS in New Delhi
November 3rd, 2011 - 11:35 pm ICT by IANS
Cannes, Nov 3 (IANS) Prime Minister Manmohan Singh Thursday extended a personal invitation to the leaderships of Brazil, Russia, China and South Africa for the next summit of BRICS ... Read more...
Posted in World |
Greece has upset calculations, let it not multiply: Manmohan
November 3rd, 2011 - 11:19 pm ICT by IANS
Cannes, Nov 3 (IANS) With non-member Greece throwing the G20 Summit here into a turmoil, India Thursday called for urgent steps to resolve the Eurozone crisis, and said emerging ... Read more...
Posted in World |
Manmohan Singh heads for G20 Summit in Cannes Wednesday
October 29th, 2011 - 6:50 pm ICT by IANS
New Delhi, Oct 29 (IANS) Prime Minister Manmohan Singh heads for the G20 Summit in Cannes in the French Riviera Wednesday, with a somewhat limited role for India this ... Read more...
Posted in World |
Europe should help Greece to avoid crisis: Greek PM
October 16th, 2011 - 1:18 pm ICT by IANS
Athens, Oct 16 (IANS/RIA Novosti) The European Union should help Greece to avert the default, otherwise consequences would be unpredictable for all EU members, Greek Prime Minister George Papandreou said.In ... Read more...
Posted in Business |
Wall Street tumbles on European concerns
September 29th, 2011 - 10:38 am ICT by IANS
New York, Sep 29 (IANS) US stocks dropped broadly Wednesday, snapping a three-day winning streak as investors' concerns about the European debt crisis weighed on the markets, Xinhua reported.
News from ... Read more...
Posted in Business |
India Inc. business confidence hits two-year low
August 28th, 2011 - 2:35 pm ICT by IANS
New Delhi, Aug 28 (IANS) Business confidence of India Inc. has hit a two-year low on rising cost of capital due to aggressive monetary tightening by the Reserve Bank of ... Read more...
Posted in Business |
The latest news on the Ireland bailout
November 22nd, 2010 - 8:29 pm ICT by Aishwarya Bhatt
Dublin, Nov 22 (THAINDIAN NEWS) Ireland has agreed in principle to accept an IMF-EU loan to aid in the recovery of its ailing economy. The country had earlier resisted the offer but ... Read more...
Posted in Business |
Trade and investment offers important route to sustainable global economic recovery: Ansari
October 5th, 2010 - 12:18 am ICT by ANI
By Mrityunjay SinghBrussels, Oct.4 (ANI): The Vice President, Mohammad Hamid Ansari, said on Monday that international trade and investment offers an important route forward towards non-inflationary and sustainable global economic recovery. ... Read more...
Posted in World |
Greece rejects Moody’s rating of its bonds
June 15th, 2010 - 7:45 pm ICT by IANS
Athens/Brussels, June 15 (DPA) Greece Tuesday rejected as unjustified a decision by Moody's rating agency to downgrade the country's sovereign rating to "junk" status.
"The downgrade of Greek government bonds does not reflect ... Read more...
Posted in Business |
Greece passes austerity measures in parliament (Lead)
May 7th, 2010 - 12:06 am ICT by IANS
Athens, May 6 (DPA) Greece's parliament Thursday passed an austerity bill that will allow the country to receive a joint European Union-Intenational Monetary Fund emergency loan.
The bill passed by a vote of ... Read more...
Posted in Business |
Greece to vote on austerity package after deadly riots
May 6th, 2010 - 9:57 pm ICT by IANS
Athens, May 6 (DPA) Greece's only chance to avoid bankruptcy is to accept money from a joint European Union-International Monetary Fund rescue programme, the government said Thursday ahead of a parliamentary vote ... Read more...
Posted in Business |
Mass strikes hit Greece as bailout talks reach climax
May 1st, 2010 - 3:26 pm ICT by IANS
Athens, May 1 (DPA) Greece's government was close to clinching a deal Saturday for a multi-billion aid package from fellow eurozone countries and the International Monetary Fund - rejecting calls from striking ... Read more...
Posted in Business |
Greece requests EU/IMF financial aid package
April 23rd, 2010 - 6:36 pm ICT by IANS
Athens, April 23 (DPA) Greek Prime Minister George Papandreou said Greece faced a "difficult road" as he called for the activation of a European Union/International Monetary Fund aid package aimed at pulling ... Read more...
Posted in Business |
German economy stagnated as 2009 ended
February 12th, 2010 - 5:35 pm ICT by IANS
Berlin, Feb 12 (DPA) German economic recovery stagnated as 2009 came to an end, data released Friday confirmed - registering no fourth quarter economic growth over the third quarter of that year.
This ... Read more...
Posted in Business |
Eurozone unemployment rises to 10 percent, Spain hits 19.5 percent
February 8th, 2010 - 7:52 pm ICT by BNO News
PARIS (BNO NEWS) -- The unemployment in the Eurozone, an economic and monetary union of sixteen European Union member states, rose to ten percent in December 2009.Figures from the Paris-based Organization for ... Read more...
Posted in Business |
Obamarama arrives in UK!
December 28th, 2008 - 3:25 pm ICT by ANI
London, Dec 28 (ANI): The number of Brits travelling to the US next year has jumped, all thanks to Barack Obamas historic win, a Foreign Office survey revealed.According to the Sun, ... Read more...
Posted in World |
Sweden unveils stability plan (Lead)
October 20th, 2008 - 4:41 pm ICT by IANS
Stockholm, Oct 20 (DPA) The Swedish government Monday unveiled details in a stability plan including to establish a fund to help banks that run into problems in future.The programme was aimed ... Read more...
Posted in World |
Eurozone governments propose massive bank rescue
October 13th, 2008 - 7:07 am ICT by IANS
Paris, Oct 13 (DPA) The leaders of the 15 eurozone countries Sunday proposed a wide-ranging rescue plan, which includes a measure for governments to guarantee interbank loans, to restore confidence in Europe's ... Read more...
Posted in World |
Bitter row in Cyprus over Central Bank’s gold reserves
June 14th, 2008 - 8:43 am ICT by ANI
Nicosia, June 14 (ANI): A bitter row broke out in the eastern Mediterranean island of Cyprus as opposition parties accused the Government of President Dimitris Christofias of wanting to sell off ... Read more...
Posted in National |