export import bank

‘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 |

US loans for Indian firms making solar facilities in Rajasthan


July 19th, 2012 - 1:34 pm ICT by IANS
Washington, July 19 (IANS) The Export-Import Bank of the United States (Ex-Im Bank) has authorised loans totalling $57.3 million to two Indian firms to finance the export of American solar ... Read more...

Posted in Sci-Tech |

Meira Kumar applauds Myanmar parliament’s new look


July 5th, 2012 - 5:35 am ICT by IANS
New Delhi, July 4 (IANS) Lok Sabha Speaker Meira Kumar Wednesday applauded neighbouring Myanmar's democractic transition, pointing out that its parliament had got "a new look" by providing a ... Read more...

Posted in Politics |

Fitch cuts SBI, PNB, ICICI Bank outlook to negative (Lead)


June 20th, 2012 - 6:22 pm ICT by IANS
Mumbai, June 20 (IANS) Global ratings agency Fitch Wednesday cut its outlook on leading Indian financial institutions, including State Bank of India (SBI), ICICI Bank and Punjab National Bank ... Read more...

Posted in Business |

Fitch revises ratings for 11 Indian financial institutions


June 20th, 2012 - 4:23 pm ICT by IANS
Chennai, June 20 (IANS) Credit rating agency Fitch Ratings Wednesday announced the revision of the Outlook on the 'BBB-' Long-Term (LT) Foreign Currency (FC) Issuer Default Rating (IDR) of ... Read more...

Posted in Business |

Cabinet to decide on Boeing 787 compensation offer


June 6th, 2012 - 5:09 pm ICT by IANS
New Delhi, May 29 (IANS) Civil Aviation Minister Ajit Singh Wednesday said the Cabinet Committee on Economic Affairs (CCEA) will decide on Boeing's offer of compensation for the delay in ... Read more...

Posted in Business |

Air India won’t take Dreamliners till compensation fixed (Lead)


May 29th, 2012 - 10:07 pm ICT by IANS
New Delhi, May 29 (IANS) Air India will not take delivery of the 787 Dreamliner planes from Boeing till the finalisation of the compensation for the delay in supplying the ... Read more...

Posted in World |

Manmohan, Thein Sein embark on ‘new journey’ (Third Lead)


May 28th, 2012 - 2:52 pm ICT by IANS
Nay Pyi Taw, May 28 (IANS) India and Myanmar have "embarked on a new journey of bilateral cooperation", Prime Minister Manmohan Singh told President Thein Sein here Monday during ... Read more...

Posted in South Asia |

India, Myanmar ink a dozen agreements (Lead)


May 28th, 2012 - 2:18 pm ICT by IANS
Nay Pyi Taw, May 28 (IANS) India and Myanmar Monday signed 12 agreements, including on a $500 million credit line, border area development and air services.The agreements were signed ... Read more...

Posted in South Asia |

`South Korean exports to grow’


April 10th, 2012 - 2:44 pm ICT by IANS
Seoul, April 10 (IANS) South Korea's exports were estimated to grow 3 percent in the second quarter due to expected solid demand from advanced economies, a state-run trade bank said ... Read more...

Posted in Business |

Pakistan wants China to help build dams


April 3rd, 2012 - 1:08 pm ICT by IANS
Islamabad, April 3 (IANS) Pakistan wants the Export-Import Bank of China to help in the construction of small and medium dams.Prime Minister Yousuf Raza Gilani Monday urged the EXIM ... Read more...

Posted in Uncategorized |

BRICS sign two currency pacts, to set up joint bank


March 29th, 2012 - 5:08 pm ICT by IANS
New Delhi, March 29 (IANS) The BRICS grouping of five emerging economic powerhouses - Brazil, Russia, India, China and South Africa - Thursday signed two pacts to spur trade ... Read more...

Posted in Business |

China, Latin America to build investment platform


March 22nd, 2012 - 7:57 pm ICT by IANS
Beijing, March 22 (IANS) An investment platform that will mobilize $1 billion is expected to be operational this year, People's Daily reported Thursday.The announcement was made by its founder, the ... Read more...

Posted in Business |

Zimbabwe invites Indian investment in infrastructure, mining


March 18th, 2012 - 10:49 pm ICT by IANS
New Delhi, March 18 (IANS) Indian companies were Sunday invited to invest in various sectors in Zimbabwe, including infrastructure development, mining and diamond cutting and polishing."I invite the Indian business ... Read more...

Posted in Business |

India-Africa conclave to discuss projects worth $30 billion


March 11th, 2012 - 5:29 pm ICT by IANS
New Delhi, March 11 (IANS) With India's growing focus on Africa, over 250 projects worth around $30 billion in sectors such as agriculture, communications and pharmaceuticals will be on the ... Read more...

Posted in Business |

Reliance Communications pays $1,182 million to redeem FCCBs


February 29th, 2012 - 9:56 pm ICT by IANS
New Delhi, Feb 29 (IANS) Reliance Communications Wednesday said it has paid $1,182 million (Rs.5,825 crore) for redemption of all the outstanding Foreign Currency Convertible Bonds (FCCBs)."Reliance Communications has made ... Read more...

Posted in Business |

Air India rebuts claims, says not a party in case against ExIm


February 20th, 2012 - 9:21 pm ICT by IANS
New Delhi/Washington, Feb 20 (IANS) Rebutting claims of US-based airlines point by point, Air India Monday said it is not a party in the case filed against the American Export ... Read more...

Posted in World |

US airlines sue ExIm over Air India loan


February 20th, 2012 - 7:43 pm ICT by IANS
Washington, Feb 20 (IANS) US-based airlines, through their lobby the Air Transport Association of America, have sued Export Import Bank (ExIm) over its $3.3 billion in loan guarantees to a ... Read more...

Posted in World |

Reliance Communications gets RBI nod for refinancing FCCBs


February 16th, 2012 - 6:25 pm ICT by IANS
New Delhi, Feb 16 (IANS) Reliance Communications Thursday said it has received the Reserve Bank of India (RBI) approval to refinance the $1.18 billion (Rs.5,825 crore) of foreign currency convertible ... Read more...

Posted in Business |

India to fund development projects in Lanka (Lead)


January 17th, 2012 - 5:51 pm ICT by IANS
Colombo, Jan 17 (IANS) India will extend financial assistance to Sri Lanka in restoring livelihoods of the ethnic Tamils and reviving the economy in the northern region of the island ... Read more...

Posted in Uncategorized |

Reliance Communications ties up refinancing for FCCB worth $1.18 bn


January 17th, 2012 - 3:13 pm ICT by IANS
Mumbai, Jan 17 (IANS) Reliance Communications (RCom) Tuesday said it had tied up refinancing for redeeming outstanding foreign currency convertible bonds (FCCBs) worth $1.18 billion (Rs.6,125 crore)."The refinancing is to ... Read more...

Posted in Business |

Abound Solar, Solarsis commission plant in Andhra


January 16th, 2012 - 7:32 pm ICT by IANS
Hyderabad, Jan 16 (IANS) Abound Solar and Solar Integration Systems India Pvt Ltd (Solarsis) Monday announced the commissioning of a 1MW solar photovoltaic plant at Kadiri in Andhra Pradesh.The commissioning ... Read more...

Posted in Business |

Obama proposes to streamline US government


January 14th, 2012 - 1:53 pm ICT by IANS
Washington, Jan 14 (IANS) President Barack Obama proposed Friday to streamline the government by eliminating duplication, waste and inefficiencies.The president laid out his proposal at the White House to ... Read more...

Posted in Politics |

No loan granted for Amerind’s petroleum refinery: Exim Bank


January 7th, 2012 - 12:32 am ICT by IANS
Hyderabad, Jan 6 (IANS) The US Export Import Bank (Exim Bank) has only received a proposal for and not granted any loan for Amerind Petroleum Private Ltd's proposed petroleum refinery ... Read more...

Posted in Business |

US Exim Bank to diversify investment portfolio in India


January 6th, 2012 - 6:25 pm ICT by IANS
Hyderabad, Jan 6 (IANS) The US Export-Import Bank is looking to diversify its India portfolio, financing projects in education, healthcare and agriculture, its chairman and president Fed P. Hochberg said ... Read more...

Posted in Business |

US Exim Bank considering $2bn proposals from Indian corporates


January 5th, 2012 - 12:44 am ICT by IANS
Chennai, Jan 4 (IANS) The US Export Import Bank has funding proposals of $2 billion from Indian companies and is willing to extend education loans to Indian students to pursue ... Read more...

Posted in Business |

Government approves amendment to Ex-Imp bank act


November 16th, 2011 - 3:57 pm ICT by IANS
New Delhi, Nov 16 (IANS) The government Wednesday approved amendments to the Export-Import Bank Act to improve its ability to increase credit to exporters and importers and said ... Read more...

Posted in Business |

China to build dam in Mauritius


October 10th, 2011 - 4:56 pm ICT by IANS
Beijing, Oct 10 (IANS) The China Three Gorges Corp. (CTGPC), the operator of China's largest water control programme, has signed a contract with the Mauritian government to build a water ... Read more...

Posted in World |

Reliance Power to buy equipment from First Solar


September 7th, 2011 - 8:21 pm ICT by IANS
New Delhi, Sep 7 (IANS) US-based First Solar, the world's largest solar power firm, said Wednesday it will supply 100 MW of solar modules to Reliance Power, a part of ... Read more...

Posted in Uncategorized |

Indian investors eye Ethiopian agriculture


August 29th, 2011 - 5:20 pm ICT by IANS
Addis Ababa, Aug 29 (IANS) A group of Indian investors are visiting Ethiopia with interest in the east Afrian nation's rapidly growing farm sector.The delegation of over 30 Indian ... Read more...

Posted in Business |

US Ex-Im Bank director joins India-US trade body


July 28th, 2011 - 7:07 pm ICT by IANS
Washington, July 28 (IANS) US Export-Import Bank Director, Diane Farrell has joined a US-India trade group as executive vice president, overseeing business advocacy and membership services in the areas ... Read more...

Posted in Business |

Indian firm to build sugar mill in Ethiopia


July 19th, 2011 - 3:08 pm ICT by IANS
Addis Ababa, July 19 (IANS) An Indian company is planning to build a new sugar mill in Ethiopia, the east African nation that is attracting a lot of Indian investment ... Read more...

Posted in Business |

US Exim bank to step up financing of Indian projects


July 18th, 2011 - 4:01 pm ICT by IANS
New Delhi, July 18 (IANS) The Export-Import bank of the United States announced Monday it was stepping up its engagement with Indian companies in the area of clean energy, with ... Read more...

Posted in Business |

Yuan needs to play bigger role in Central Asia: Chinese banker


June 14th, 2011 - 5:37 pm ICT by IANS
Beijing, June 14 (IANS) The Chinese currency yuan needs to play a bigger role than the US dollar in trade deals in Central Asia in order to boost regional business, ... Read more...

Posted in Business |

Bangladesh signs deal with China for 3G technology


June 9th, 2011 - 5:04 pm ICT by IANS
Dhaka, June 9 (IANS) Bangladesh Thursday signed a loan agreement worth $211 million with a Chinese bank for the introduction of 3G technology and expansion of 2.5G network in the ... Read more...

Posted in World |

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