financial crisis

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 |

South Korea’s foreign reserves hit new high


September 5th, 2012 - 3:00 pm ICT by IANS
Seoul, Sep 5 (IANS) South Korea's foreign currency reserves hit a new high last month due to a rise in conversion value of non-dollar assets and a growth in investment ... Read more...

Posted in Business |

CPI-M ridicules Mamata for ‘record’ number of inquiry panels


September 2nd, 2012 - 7:22 pm ICT by IANS
Kolkata, Sep 2 (IANS) Taking a swipe at West Bengal Chief Minister Mamata Banerjee for setting up a "record" 10 inquiry commissions during her tenure so far, the CPI-M ... Read more...

Posted in Politics |

West Bengal issued notice over hunger deaths


August 29th, 2012 - 8:17 pm ICT by IANS
New Delhi, Aug 29 (IANS) The National Human Rights Commission (NHRC) Wednesday issued notice to the West Bengal government over three starvation deaths in a tea estate in Jalpaiguri district.Among those ... Read more...

Posted in Business |

Passengers stranded as Kingfisher cancels flights


August 8th, 2012 - 11:50 pm ICT by IANS
New Delhi/Mumbai, Aug 8 (IANS) Passengers of Kingfisher Airlines were stranded Wednesday as flights from the national capital and Mumbai were cancelled due to a strike by pilots over non-payment ... Read more...

Posted in Business |

US Treasury to receive $5.75 bn from AIG stock sale


August 7th, 2012 - 1:36 pm ICT by IANS
Washington, Aug 7 (IANS) The US Treasury has said that it expected to receive $5.75 billion from the latest sale of the American International Group (AIG) stock, $750 million more ... Read more...

Posted in Business |

Badal seeks package for agricultural states


July 29th, 2012 - 5:10 pm ICT by IANS
Chandigarh, July 29 (IANS) In view of the near drought-like situation in several parts of the country, Punjab Chief Minister Parkash Singh Badal has urged the union government to give ... Read more...

Posted in Business |

Obama urges Congress to pass cybersecurity bill


July 20th, 2012 - 10:24 pm ICT by IANS
Washington, July 20 (IANS) US President Barack Obama has urged the Congress to pass a cybersecurity bill to boost digital defence against cyber attacks.On Friday, writing in The Wall ... Read more...

Posted in World |

Youth hangs himself in Delhi


July 16th, 2012 - 6:46 pm ICT by IANS
New Delhi, July 16 (IANS) A 19-year-old youth, hailing from Uttar Pradesh, facing financial crisis for the past few years, committed suicide by hanging himself from a ceiling fan at ... Read more...

Posted in Uncategorized |

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 |

Returned aircraft on own accord, says Kingfisher


June 27th, 2012 - 7:33 pm ICT by IANS
Mumbai, June 27 (IANS) Debt-ridden Kingfisher Airlines Wednesday said it has returned 32 aircraft to the lessors as those were not required under its truncated schedule of operation."There have ... Read more...

Posted in Business |

Indo-German trade to touch 20 billion euros: Krishna


June 22nd, 2012 - 7:39 pm ICT by IANS
Bangalore, June 22 (IANS) Bilateral trade between India and Germany would touch 20 billon euros ($25 billion) during this calendar year despite debt crisis in Europe and the global economic ... Read more...

Posted in Business |

Engineer held for drug trafficking in Delhi


June 21st, 2012 - 11:46 pm ICT by IANS
New Delhi, June 21 (IANS) A 42-year-old computer engineer from Mumbai was arrested near the airport here for drug trafficking, Delhi Police said Thursday.Murtaza Khan was arrested when he came ... Read more...

Posted in Uncategorized |

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 |

Starving sisters locked for months, rescued in Delhi


June 16th, 2012 - 5:44 pm ICT by IANS
New Delhi, June 16 (IANS) Locked up inside their home and unfed for months together, two sisters were rescued from their north Delhi apartment Saturday, police officials said.Found in tattered ... Read more...

Posted in Health Science |

Fiat sales take a hit in Europe


June 16th, 2012 - 3:34 pm ICT by IANS
Rome, June 16 (IANS/AKI) Fiat's sales in Europe have plummeted over the weak economy and a saturated market demand for vehicles from Italy's biggest carmaker.Sales fell 12.1 percent compared to ... Read more...

Posted in Business |

Estonian president calls economist a ’smug’


June 8th, 2012 - 7:25 pm ICT by Aishwarya Bhatt
Tallinn, June 8 (THAINDIAN NEWS) The president of Estonia has launched an attack on US Nobel laureate Paul Krugman. The economist had written an article on Estonia in his blog ... Read more...

Posted in Politics |

‘Rajat Gupta had a good tenure at Goldman’


June 8th, 2012 - 10:40 am ICT by IANS
New York, June 8 (IANS) Rajat Gupta, former director of Goldman Sachs Group, had a "not long, but good" tenure, the bank's CEO Lloyd Blankfein testified at his trial on ... Read more...

Posted in Business |

US wants more steps to solve Eurozone crisis


June 5th, 2012 - 12:06 pm ICT by IANS
Washington, June 4 (IANS) The White House has called on the European nations to take more steps to solve the worsening Eurozone crisis, saying the markets view the measures ... Read more...

Posted in World |

South Korea’s foreign reserves contract


June 4th, 2012 - 1:26 pm ICT by IANS
Seoul, June 4 (IANS) South Korea's foreign reserves contracted to $310.87 billion last month due to a sharp fall in conversion value of non-dollar denominated assets that offset a rise ... Read more...

Posted in Business |

Bengal Congress slams under-utilisation of central funds


May 19th, 2012 - 11:44 pm ICT by IANS
Kolkata, May 19 (IANS) As Chief Minister Mamata Banerjee sticks to her demand of an interest moratorium for three years for debt-ridden West Bengal, state Congress president Pradip Bhattacharjee ... Read more...

Posted in Politics |

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 |

Remittances to Latin America rebound


May 8th, 2012 - 11:47 am ICT by IANS
Washington, May 8 (IANS/EFE) Remittances of emigrants from Latin America and the Caribbean increased last year beyond their levels before the financial crisis to $69.29 billion, according to an Inter-American ... Read more...

Posted in Business |

BSNL borrowed Rs.1,320.47 crore for capital expenditure


April 25th, 2012 - 11:44 pm ICT by IANS
New Delhi, April 25 (IANS) State-run Bharat Sanchar Nigam Ltd (BSNL) borrowed Rs.1,320.47 crore ($25 million) from the market for capital expenditure in 2010-11, Minister of State for Communications and ... Read more...

Posted in Sci-Tech |

World Bank wants effective social safety nets


April 19th, 2012 - 2:09 pm ICT by IANS
Washington, April 19 (IANS) Three out of five people in developing countries lack effective social safety net coverage as they struggle to forge ahead through global financial volatility and food ... Read more...

Posted in Business |

Pandit’s Citi makes profit with India sale


April 17th, 2012 - 11:16 am ICT by IANS
Washington, April 17 (IANS) Profits at Citigroup led by Indian American CEO Vikram Pandit rebounded to $2.9 billion in the first quarter of 2012 with revenue boosted by the sale ... Read more...

Posted in Business |

Mexican government expects economy to grow in 2013


April 12th, 2012 - 11:19 am ICT by IANS
Mexico City, April 12 (IANS/EFE) Mexico's gross domestic product (GDP) is expected to grow 3.8 percent in 2013, with inflation running at 3 percent, the budget deficit at 2 percent ... Read more...

Posted in Business |

US manufacturing improves in February


April 10th, 2012 - 10:21 am ICT by IANS
Washington, April 10 (IANS) The US manufacturing improved in February as the industry continues its gradual recovery from the financial crisis in 2008.The Chicago Fed Midwest Financial Index (CFMMI) rose ... Read more...

Posted in Business |

US should be careful of certain budget cuts: Official


April 5th, 2012 - 2:01 pm ICT by IANS
Chicago, April 5 (IANS) US Secretary of the Treasury Timothy Geithner said Wednesday that despite a recovering economy, America should be wary of cutting budget too much, in particular in ... Read more...

Posted in Business |

US airline passengers go up


April 4th, 2012 - 3:51 pm ICT by IANS
Washington, April 4 (IANS) Passengers who travelled on US airlines and foreign airlines serving the US continued to increase in 2011, the US Transportation Department reported.Domestic and international airline passengers ... Read more...

Posted in Business |

Defence ministry official killed wife after fight over childless state?


April 3rd, 2012 - 1:31 am ICT by IANS
New Delhi, April 2 (IANS) Strains in their relationship due to their childless state could have led a defence ministry official to strangle to death his wife in a fit ... Read more...

Posted in Uncategorized |

Indian aviation will overcome crisis, says Emirates official


March 28th, 2012 - 6:25 pm ICT by IANS
Hyderabad, March 28 (IANS) The Indian aviation industry will overcome the current crisis and things will soon return to normal, said a top official of Emirates, the Dubai-based international airline.According ... Read more...

Posted in Uncategorized |

Bengal minister becomes HPL chairman


March 27th, 2012 - 9:45 pm ICT by IANS
Kolkata, March 27 (IANS) West Bengal Industry Minister Partha Chatterjee was Tuesday inducted as chairman of Haldia Petrochemicals Ltd (HPL) at a board meeting where it was decided to convert ... Read more...

Posted in Politics |

Unemployment in France goes up


March 27th, 2012 - 1:38 pm ICT by IANS
Paris, March 27 (IANS) Jobless rate in France inched up by 0.2 percent in February for the 10th successive month, as tepid economic growth slowed job creation in the eurozone ... Read more...

Posted in Business |

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