financial crises

Islamabad civic body goes on austerity drive


August 1st, 2012 - 4:16 pm ICT by IANS
Islamabad, Aug 1 (IANS) As part of measures to cope with the unremitting financial crises it is facing, the Islamabad's civic body has decided to take back all vehicles and ... Read more...

Posted in South Asia |

`Lockheed Martin world’s largest arms producer’


February 27th, 2012 - 1:58 pm ICT by IANS
Stockholm, Feb 27 (IANS/RIA Novosti) US military hardware major Lockheed Martin was the biggest arms vendor in 2010 with sales totalling $35.7 billion, Stockholm International Peace Research Institute (SIPRI) says.Only three ... Read more...

Posted in Business |

Global economy in dangerous new phase: IMF chief


August 28th, 2011 - 2:15 am ICT by IANS
Washington, Aug 28 (IANS) International Monetary Fund chief Christine Lagarde warned Saturday that downside risks to the global economy are rising, and developments this summer have indicated the global economy ... Read more...

Posted in Business |

As sultry as it gets-Vidya in ‘The Dirty Picture’


August 26th, 2011 - 4:30 pm ICT by IANS
New Delhi, Aug 26 (IANS) Vidya Balan has never exposed as much - but in the first look of "The Dirty Picture", inspired by late southern sex icon Silk ... Read more...

Posted in Entertainment |

Air India cancels 150 flights as pilots continue strike (Second Lead)


May 1st, 2011 - 3:52 am ICT by IANS
New Delhi, April 30 (IANS) Close to 150 flights were grounded and re-scheduled Saturday as nearly half of Air India's 1,600 pilots continued their strike for the fourth day despite ... Read more...

Posted in Business |

Air India cancels 130 flights as pilots’ stir enters fourth day


April 30th, 2011 - 11:45 am ICT by IANS
New Delhi, April 30 (IANS) Close to 130 flights were grounded Saturday as nearly half of Air India's 1,600 pilots continued their stir for the fourth day, despite facing a ... Read more...

Posted in Business |

India, 6 other largest economies to come under G-20 scanner


April 16th, 2011 - 10:12 am ICT by IANS
Washington, April 16 (IANS) Seven of the world's largest economies including India would face a new surveillance system aimed at highlighting and rectifying flaws before they imperil growth under a ... Read more...

Posted in Uncategorized |

Bankers got a kick out of the global recession, says academic


October 23rd, 2010 - 1:59 pm ICT by ANI
Washington, Oct 23 (ANI): An academic at Cardiff University have said that the bankers who brought the global economy to its knees two years ago may have enjoyed the sensation of losing ... Read more...

Posted in World |

Pranab wants G20 countries to act against protectionism


September 17th, 2010 - 7:05 pm ICT by ANI
New Delhi, Sep 17 (ANI): Finance Minister Pranab Mukherjee on Friday said the G20 will need to coordinate policy actions against protectionism in a manner that can ensure strong, sustainable and ... Read more...

Posted in National |

Passion prods penniless producer to make Rs.3 crore film


August 4th, 2010 - 12:37 pm ICT by IANS
By Mauli Buch Mumbai, Aug 4 (IANS) "Soch Lo", a Rs.3 crore (Rs.30-million) film, could well be considered yet another off-beat directorial debut. But when Sartaj Singh Pannu,, a Punjab farmer's son, began ... Read more...

Posted in Entertainment |

‘US jobs market still bleak’


July 22nd, 2010 - 8:26 am ICT by IANS
Washington, July 22 (DPA) US Federal Reserve Chairman Ben S Bernanke said Wednesday that the country's economy was continuing to expand moderately, thanks to stimulative monetary and fiscal policies, but jobs ... Read more...

Posted in Business |

Gulf spill can affect children emotionally, says expert


July 17th, 2010 - 12:10 pm ICT by ANI
Washington, July 17 (ANI): Children may come under emotional stress due to the Gulf oil spill, according to an expert."When parents are stressed, children are stressed," says University of Alabama at ... Read more...

Posted in Health Science |

US House passes historic Wall Street reform bill


July 1st, 2010 - 12:52 pm ICT by IANS
By Arun Kumar Washington, July 1 (IANS) In a major victory for President Barack Obama, the US House of Representatives passed a package of sweeping reforms to the financial regulatory system to ... Read more...

Posted in Business |

India to oppose banking tax at G-20 Summit


June 25th, 2010 - 11:42 pm ICT by IANS
New Delhi, June 25 (IANS) A proposal to tax bank transactions to help some of the global economies tide over the current financial crises will be opposed by India at ... Read more...

Posted in Business |

UK announces sweeping banking regulation reforms


June 17th, 2010 - 9:54 am ICT by IANS
By Venkata Vemuri London, June 17 (IANS) British Chancellor of the Exchequer George Osborne has announced sweeping changes for stronger regulation of the UK's banking system in order to avoid a banking meltdown ... Read more...

Posted in Business |

PM sets three-point agenda for RBI


April 1st, 2010 - 11:33 pm ICT by IANS
Mumbai, April 1 (IANS) Prime Minister Manmohan Singh Thursday set a three-point agenda for the Reserve Bank of India (RBI) to get the Indian economy back on a high growth path ... Read more...

Posted in Business |

Cuba assumes G77 presidency


March 6th, 2010 - 4:08 pm ICT by IANS
Geneva, March 6 (IANS) Cuba has taken over the presidency of the Group of 77 countries from Thailand in a ceremony here, Prensa Latina reported Saturday. Cuban ambassador in Geneva Rodolfo Reyes received ... Read more...

Posted in World |

Kullu’s shawl-weavers seek Govt’s attention


February 21st, 2010 - 5:41 pm ICT by ANI
Shimla, Feb. 21 (ANI): The handloom and handicraft sector of Himachal Pradesh, which is famous for its world-class products like Kullu Shawls, has sought the attention of the Union Government.Traditional handicraft business ... Read more...

Posted in National |

UN official calls for increase protection in Pacific islands


February 11th, 2010 - 4:21 am ICT by BNO News
UNITED NATIONS (BNO NEWS) – A senior United Nations official on Wednesday called for increase social protection in the Pacific island region, particularly women and children.The ongoing economic and financial crises are ... Read more...

Posted in World News |

Poor nations at UN forum call for greater voice on international stage


January 21st, 2010 - 1:06 am ICT by BNO News
UNITED NATIONS (BNO NEWS) – Fifteen of the world’s least developed countries (LDCs) on Wednesday, who were meeting at a high-level United Nations forum, called for a greater voice in international financial ... Read more...

Posted in World News |

Senior UN officials urge greater efforts to help the world’s poorest countries


January 19th, 2010 - 1:51 am ICT by BNO News
UNITED NATIONS (BNO NEWS) – Senior United Nations urged on Monday greater efforts to help the world’s poorest countries meet their development targets, as a three-day meeting kicked off in Dhaka, Bangladesh.Ministers ... Read more...

Posted in World News |

Indian stocks tumbles due to Dubai debt problems


November 27th, 2009 - 10:53 pm ICT by ANI
Mumbai, Nov 27 (ANI): Country's stocks tumbled on Friday with the rupee weakened and bond yields fell as Dubai's debt problems sparked concerns about corporate exposure.Country's share market is now facing the ... Read more...

Posted in Business |

Air India to fix incentive cut quantum Tuesday


November 17th, 2009 - 4:56 pm ICT by IANS
New Delhi/Mumbai, Nov 17 (IANS) The Air India management is expected to take a call Tuesday on the quantum of reduction of performance linked incentives (PLI), which constitutes a major chunk ... Read more...

Posted in Business |

‘Worst is over for aviation industry’


October 23rd, 2009 - 7:04 pm ICT by IANS
New Delhi, Oct 23 (IANS) The worst is over for the aviation industry, but it will take a few more years for the sector to completely recover from the crisis, an international ... Read more...

Posted in Business |

India, China to lead growth as global economy recovers: IMF


October 1st, 2009 - 1:45 pm ICT by IANS
By Arun Kumar Washington, Oct 1 (IANS) As the global economy recovers from its worst crisis in decades, India and China will lead the expansion this year and will grow at rates of ... Read more...

Posted in Business |

Air India operations normal after pilots end strike


October 1st, 2009 - 12:27 pm ICT by IANS
New Delhi, Oct 1 (IANS) State-run carrier Air India resumed normal operations Thursday after its striking pilots reported back at work, with nearly all of its morning flights taking off on schedule. Passengers ... Read more...

Posted in Business |

Air India pilots end stir, normalcy seen from Thursday (Roundup)


September 30th, 2009 - 6:54 pm ICT by IANS
New Delhi, Sep 30 (IANS) Air travellers in India heaved a sigh of relief as the pilots of state-run Air India called off their five-day-old agitation early Wednesday after an assurance over ... Read more...

Posted in Business |

Indian Government continues secret FTA negotiations


September 22nd, 2009 - 8:05 pm ICT by admin
By Bobby Ramakant (CNS) 5th round of negotiations with EFTA to take place on 22-23 September in Delhi 22 September 2009, Delhi: India is secretly negotiating more than 15 economic agreements with other countries ... Read more...

Posted in Business |

Global recession affecting Third World initiatives: Patil


September 19th, 2009 - 4:50 pm ICT by ANI
New Delhi, Sep 19 (ANI): President Pratibha Patil said on Saturday that the economic slow down has affected the efforts of developing countries to eradicate poverty and hunger.Addressing the International Law ... Read more...

Posted in National |

President Obama’s prepared remarks for Federal Reserve announcement


August 25th, 2009 - 9:20 pm ICT by BNO News
MARTHA'S VINEYARD, Massachusetts (BNO NEWS) -- President Obama announced on Tuesday that he has re-appointed Ben Bernanke as Chairman of the Federal Reserve. The following are his complete, prepared remarks. "Good morning everyone. ... Read more...

Posted in World News |

Solar eclipse bodes ill for India, Nepal, China, says soothsayer


July 22nd, 2009 - 3:39 pm ICT by IANS
Kathmandu, July 22 (IANS) One of Nepal's best-known astrologers, a globe-trotter who has attended astrological meets in Britain, Japan, France and Germany, warned that Wednesday's solar eclipse would cause further unrest in ... Read more...

Posted in Sci-Tech |

Obama signs laws to help homeowners, prevent fraud


May 21st, 2009 - 5:57 am ICT by IANS
Washington, May 21 (DPA) US President Barack Obama Wednesday signed laws designed to help struggling homeowners avoid foreclosure and to combat mortgage and financial fraud. The two separate bills, the Helping Families ... Read more...

Posted in Business |

Global financial crisis creates development emergency


April 25th, 2009 - 11:28 am ICT by IANS
By Anindita Ramaswamy Washington, April 25 (DPA) The widening global financial crisis has created a development emergency, preventing many countries from achieving targets on reducing hunger, child mortality and major diseases, the International ... Read more...

Posted in Business |

UN racism conference begins amid widespread boycott


April 20th, 2009 - 4:59 pm ICT by IANS
Geneva, April 20 (DPA) The United Nations Durban Review Conference on racism began Monday in Geneva amid controversy and the notable absence of several Western states. UN Secretary General Ban Ki-moon said in ... Read more...

Posted in World |

IMF warns of ‘unusually long, severe recession’


April 16th, 2009 - 11:29 pm ICT by IANS
By Arun Kumar Washington, April 16 (IANS) Warning that the current global recession is likely to be "unusually long and severe" and the recovery sluggish, the International Monetary Fund (IMF) Thursday said restoring ... Read more...

Posted in Business |

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