Gold imports drop by 18.4 percent in April-June quarter
August 30th, 2012 - 9:48 pm ICT by IANS
New Delhi, Aug 30 (IANS) Gold imports in India fell by 18.4 percent to Rs.71,912 crore in the first quarter of the current financial year, largely due to a sharp ... Read more...
Posted in Business |
Australian central bank predicts continued resources boom
August 21st, 2012 - 2:04 pm ICT by IANS
Sydney, Aug 21 (IANS) The forecast of continuing resource investment and a period of low inflation were behind the decision of the Reserve Bank of Australia (RBA) to leave the ... Read more...
Posted in Business |
Briton scoops 148-mn-pound jackpot
August 11th, 2012 - 11:23 pm ICT by IANS
London, Aug (IANS) A Briton has come forward to claim the 148.7 million pounds Euromillions jackpot, making it the nation's second largest lottery win, the Telegraph reported saturday.The win continues ... Read more...
Posted in Health Science |
Mexico’s central bank sells $281 mn to ease volatility
July 25th, 2012 - 11:57 am ICT by IANS
Mexico City, July 25 (IANS/EFE) The Banco de Mexico said it auctioned off $281 million on the domestic market to reduce volatility in the exchange rate of the peso, which ... Read more...
Posted in Business |
Government cautious as New Zealand deficit below forecast
July 6th, 2012 - 1:55 pm ICT by IANS
Wellington, July 6 (IANS) The New Zealand government Friday welcomed "encouraging" indications of a shrinking deficit, but sounded a cautious note over the state of the global economy.Figures released by ... Read more...
Posted in Business |
Inflation can’t be curbed without sacrificing growth: RBI governor
June 15th, 2012 - 1:02 am ICT by IANS
Hyderabad, June 14 (IANS) Reserve Bank of India (RBI) governor D. Subbarao Thursday said inflation can't be controlled without sacrificing some growth.Delivering the Obayya memorial lecture here, he said that ... Read more...
Posted in Business |
Virbhadra asks states to reduce sales tax on petrol
May 24th, 2012 - 8:57 pm ICT by IANS
Shimla, May 24 (IANS) A day after the steep hike in petrol prices, union Micro, Small and Medium Enterprises Minister Virbhadra Singh Thursday asked the state governments to reduce the ... Read more...
Posted in Politics |
Growth will improve, but inflation will stay sticky: RBI
April 16th, 2012 - 8:02 pm ICT by IANS
New Delhi, April 16 (IANS) India's economic growth is likely to improve marginally in the current financial year from the projected growth of 6.9 percent in 2011-12, but inflation will ... Read more...
Posted in Business |
Myanmar to see robust growth: ADB
April 12th, 2012 - 7:15 am ICT by IANS
Bangkok, April 12 (IANS) Myanmar will witness a robust growth as Western countries start to ease sanctions, an Asian Development Bank (ADB) official has said.The ADB projected a six-percent GDP ... Read more...
Posted in Business |
‘Brazil committed to halting currency appreciation’
March 23rd, 2012 - 2:19 pm ICT by IANS
Rio de Janeiro, March 23 (IANS) Brazilian Finance Minister Guido Mantega said Thursday that the government is committed to halting the appreciation of the Brazilian currency real against the US ... Read more...
Posted in Uncategorized |
Budget highlights 3
March 16th, 2012 - 1:08 pm ICT by IANS
* From 2012-13, full subsidies for providing food security; in other sectors to the extent the economy can bear this.* Hope to raise Rs.30,000 crore from disinvestments.* New equity savings scheme ... Read more...
Posted in Business |
Budget highlights 2
March 16th, 2012 - 12:56 pm ICT by IANS
* Addressing malnutrition, black money and corruption in public life among five priorities in year ahead.* India's inflation structural, driven largely by agricultural constraints.* Current account deficit 3.6 percent in 2011-12; ... Read more...
Posted in Business |
Brazil takes new measure to stabilise currency rate
March 13th, 2012 - 1:59 pm ICT by IANS
Rio de Janeiro, March 13 (IANS) The Brazilian government announced Monday a new measure aimed at checking the inflow of foreign speculative capital and stabilising the exchange rate of the ... Read more...
Posted in Business |
China’s yuan drops against US dollar
March 8th, 2012 - 2:58 pm ICT by IANS
Beijing, March 8 (IANS) The Chinese yuan weakened 22 basis points to 6.3235 against the US dollar Thursday, according to the China Foreign Exchange Trading System.This marks the fourth straight ... Read more...
Posted in Business |
Mexico’s 2011 growth outlook improves
December 2nd, 2011 - 12:18 pm ICT by IANS
Mexico City, Dec 2 (IANS/EFE) Analysts have raised their growth outlook for the Mexican economy, the central bank said Thursday.According to Banco de Mexico's November survey of financial service firms, ... Read more...
Posted in Business |
Mexico to auction dollars to prop up peso
December 1st, 2011 - 12:24 pm ICT by IANS
Mexico City, Dec 1 (IANS/EFE) Mexico's currency exchange commission announced forceful action to bolster the peso, saying the central bank will auction $400 million of its reserves on days the ... Read more...
Posted in Business |
Sri Lanka’s rupee depreciates 3.2 percent
November 23rd, 2011 - 5:24 pm ICT by IANS
Colombo, Nov 23 (IANS) Sri Lanka's currency depreciated by about 3.2 percent Wednesday for the second successive day on new government policy, the island's central bank said here.
The exchange ... Read more...
Posted in Uncategorized |
BGR Energy bags order for two 300 MW power plants
November 17th, 2011 - 4:08 pm ICT by IANS
Chennai, Nov 17 (IANS) Engineering-procurement-construction contractor BGR Energy Systems Ltd Thursday said it has bagged an order for two 300 MW coal-based private thermal power plants in Chhattisgarh.The Chennai-based company ... Read more...
Posted in Business |
Singapore central bank eases monetary policy
October 14th, 2011 - 3:37 pm ICT by IANS
Singapore, Oct 14 (IANS) The Monetary Authority of Singapore eased its monetary policy Friday after a six-monthly review.It will continue with the policy of "a modest and gradual appreciation" of ... Read more...
Posted in Business |
Stabilising prices remains top priority for China: central bank
August 13th, 2011 - 4:58 pm ICT by IANS
Beijing, Aug 13 (IANS) The People's Bank of China (PBOC), or the central bank, has said that it will continue to make stabilising prices a top priority of its macro ... Read more...
Posted in Business |
Belarus should float ruble, freeze salaries: IMF (Lead)
June 14th, 2011 - 9:36 am ICT by IANS
Minsk, June 14 (IANS) The International Monetary Fund said Monday Belarus should adopt a free floating exchange rate and freeze salaries to help stabilise the country's economy, local media reported."We ... Read more...
Posted in Business |
Belarus exchange offices run out of foreign currency
May 24th, 2011 - 4:30 pm ICT by IANS
Minsk, May 24 (IANS/RIA Novosti) Belarusian cash exchange bureaus ran out of foreign currency Tuesday after the sudden devaluation of the national currency and a surge in exchange rates.The National ... Read more...
Posted in Business |
China inflation may touch six percent: Journal
April 7th, 2011 - 12:42 pm ICT by ANI
Beijing, Apr 7 (ANI): Chinese inflation may top an annual rate of six percent in the coming months, preventing any relaxation of monetary tightening, said the China Securities Journal.The national securities ... Read more...
Posted in Feature |
‘China trade surplus to decrease further’
March 8th, 2011 - 5:56 pm ICT by ANI
Beijing, Mar.8 (ANI): China's Minister of Commerce Chen Deming has said that the country's trade surplus will decrease further and may even go into deficit for a few months.Chen said that the ... Read more...
Posted in World |
Entropia Universe Real Estate Deal Fetches $335K
November 13th, 2010 - 7:32 pm ICT by GD
By Meena Kar
Nov 13, (THAINDIAN NEWS) Jon Jacobs has proved that almost anything is possible in the virtual world. The real estate magnet of Entropia Universe has recently made a deal that ... Read more...
Posted in Technology Industry News |
September exports rise, but trade deficit a concern: Khullar
October 25th, 2010 - 6:49 pm ICT by IANS
New Delhi, Oct 25 (IANS) India's exports rose 23.2 percent in September, compared to the corresponding month last year, although a widening trade deficit due to a heavier import bill was a ... Read more...
Posted in Business |
RBI will intervene if inflows turn lumpy: Subbarao
October 15th, 2010 - 9:56 pm ICT by ANI
Chandigarh, Oct 15 (ANI): Reserve Bank of India (RBI) Governor Duvvuri Subbarao on Friday said the central bank will intervene in the forex market if inflows turn lumpy and volatile.The RBI had ... Read more...
Posted in Business |
A stronger Yuan will help India bridge trade deficit with China
August 8th, 2010 - 4:42 pm ICT by IANS
New Delhi, Aug 8 (IANS) India could partly bridge its growing trade deficit with China, which is expected to cross $20 billion this fiscal, as the east Asian country is expected ... Read more...
Posted in Business |
China is now world’s second largest economy, overtakes Japan
July 31st, 2010 - 1:04 pm ICT by ANI
New Delhi, July 31 (ANI): China has overtaken Japan to become the world's second-largest economy.The China Daily and the Xinhua news agency quoted Yi Gang, China's chief currency regulator, as saying that ... Read more...
Posted in World |
Estonia to become 17th country in the Eurozone
July 14th, 2010 - 1:29 am ICT by BNO News
BRUSSELS (BNO NEWS) -- Estonia will become the 17th European Union (EU) country to share the Euro currency as of January 1st, the EU said on Tuesday.During the approval process, which began ... Read more...
Posted in World News |
China’s 2008 GDP growth upped to 9.6 percent
December 25th, 2009 - 2:17 pm ICT by IANS
Beijing, Dec 25 (IANS) China has upped its gross domestic product (GDP) growth rate for 2008 to 9.6 percent from 9 percent, the National Bureau of Statistics (NBS) said Friday.
That raised ... Read more...
Posted in Business |
Obama asks China to resume talks with Dalai Lama
November 17th, 2009 - 2:10 pm ICT by ANI
Beijing, Nov. 17 (ANI): US President Barack Obama on Tuesday urged his Chinese counterpart Hu Jintao to resume talks with Tibetan leader in exile Dalai Lama, as all the minorities have ... Read more...
Posted in World |
Honda’s operating profit falls 56 percent
October 27th, 2009 - 9:04 pm ICT by IANS
Tokyo, Oct 27 (DPA) The strong yen contributed to a significant fall in Honda Motor Co's operating profit in the second quarter.
Its operating profit for the period July to September fell ... Read more...
Posted in Business |
China calls for reform of global monetary system
July 10th, 2009 - 8:53 am ICT by IANS
Rome, July 10 (Prensa Latina) China has called on the group of eight industrialised nations (G8) to take steps to steady the exchange rate.
It also proposed the creation of a new international ... Read more...
Posted in Business |
Britney’s Oz fans to pay $150 to see her mime on stage
March 27th, 2009 - 5:07 pm ICT by ANI
Melbourne, Mar 27 (ANI): Britney Spears' Australian fans might have to dish out 150 dollars each just to watch the star, who will only mime her popular numbers on stage.Promoters in ... Read more...
Posted in Entertainment |