financial institutions

Spain auction sees lower borrowing costs for benchmark bond


September 21st, 2012 - 12:05 pm ICT by IANS
Madrid, Sep 21 (IANS/EFE) Spain's Treasury sold 4.8 billion euros ($6.2 billion) worth of debt Thursday in an auction that attracted strong demand, paying a sharply lower interest rate on ... Read more...

Posted in Business |

Shutdown cripples life in Odisha (Lead)


September 20th, 2012 - 6:02 pm ICT by IANS
Bhubaneswar, Sep 20 (IANS) The opposition shutdown Thursday against the reforms rolled out by the central government crippled life in many parts of Odisha as passenger and commercial vehicles went ... Read more...

Posted in Politics |

Shutdown cripples life in Odisha


September 20th, 2012 - 12:21 pm ICT by IANS
Bhubaneswar, Sep 20 (IANS) The opposition shutdown Thursday against the reforms rolled out by the central government crippled life in many parts of Odisha as passengers and commercials vehicles went ... Read more...

Posted in Uncategorized |

Mexico issues 1 kg commemorative gold coin


September 18th, 2012 - 12:45 pm ICT by IANS
Mexico City, Sep 18 (IANS/EFE) Mexico' central bank Monday brought into circulation the country's first 1 kg gold commemorative coin.The Banco de Mexico announced in a communique that the coin ... Read more...

Posted in Business |

Kerala could be hub of financial services: KPMG


September 14th, 2012 - 3:45 pm ICT by IANS
Kochi, Sep 14 (IANS) Narayanan Ramaswamy, partner, KPMG, one of the largest professional services company in the world, Friday said that given Kerala's high literacy rate and availability of ... Read more...

Posted in Business |

Spanish government approves `bad bank’ for toxic assets


September 1st, 2012 - 3:07 pm ICT by IANS
Madrid, Sep 1 (IANS/EFE) Spain's government has approved a new financial sector overhaul required by Brussels as a part of a bank-rescue programme, creating an asset-management agency - or "bad ... Read more...

Posted in Business |

African central bank governors seek monetary integration


August 31st, 2012 - 1:38 pm ICT by IANS
Algiers, Aug 31 (IANS) African central banks' governors have called for speeding up of the process of monetary integration in Africa as a step towards achieving the goals of creating ... Read more...

Posted in Business |

West Bengal exhorts financial players to invest in state


August 23rd, 2012 - 6:52 pm ICT by IANS
New Delhi, Aug 23 (IANS) The union urban development ministry and the West Bengal government Thursday exhorted banking and financial institutions to set up their branches at its International ... Read more...

Posted in Business |

South Korea’s money supply grows


August 8th, 2012 - 2:03 pm ICT by IANS
Seoul, Aug 8 (IANS) South Korea's money supply grew 0.4 percent in June from a month earlier due to an increase in money market trust (MMT) and time deposits caused ... Read more...

Posted in Business |

US targets banks that help Iran


August 1st, 2012 - 3:30 am ICT by IANS
Washington, Aug 1 (IANS) US President Barack Obama Tuesday announced new sanctions against foreign banks that help Iran sell its oil.Obama said the latest round of sanctions is to ... Read more...

Posted in Business |

Air India to raise Rs.7,400 crore in three months


July 16th, 2012 - 5:52 pm ICT by IANS
New Delhi, July 16 (IANS) Cash-strapped national carrier Air India is expected to generate Rs.7,400 crore (over $1,640 million) by issuing government-backed non-convertible debentures (NCDs) within the next three months, ... Read more...

Posted in Business |

Want to settle border row with neighbours, says Gogoi


July 13th, 2012 - 6:52 pm ICT by IANS
Shillong, Jul 13 (IANS) Assam Chief Minister Tarun Gogoi Friday said that his government wants to settle the boundary row with Meghalaya, Mizoram, Nagaland and Arunachal Pradesh."We want to settle ... Read more...

Posted in Politics |

Infosys fears euro could collapse


July 12th, 2012 - 5:28 pm ICT by IANS
Bangalore, July 12 (IANS) India's IT bellwether Infosys fears that the euro could collapse due to the sovereign debt crisis in Greece and Italy and the banking crisis in Spain."We ... Read more...

Posted in Business |

Obama eases sanctions against Myanmar


July 12th, 2012 - 1:17 pm ICT by IANS
Washington, July 12 (IANS) US President Barack Obama has eased sanctions on Myanmar, allowing American companies to do business in the southeast Asian country.In his statement Wednesday, the president ... Read more...

Posted in Business |

Iran to shut Hormuz Strait if threatened: Officials


July 7th, 2012 - 8:58 pm ICT by IANS
Tehran, July 7 (IANS) The strategic Strait of Hormuz may be closed if Iran's security is threatened, top Iranian officials have said."We do have the plan to close the Strait ... Read more...

Posted in Uncategorized |

Dedicated zones to boost electronics manufacture


July 5th, 2012 - 5:44 am ICT by IANS
New Delhi, July 4 (IANS) The government will set up dedicated zones to boost manufacturing of electronics products in the country.The union cabinet Wednesday approved a proposal to offer financial ... Read more...

Posted in Business |

China, South American trading bloc eye $200 bn trade


June 30th, 2012 - 5:03 pm ICT by IANS
Mendoza (Argentina), June 30 (IANS) China and South American trading bloc Mercosur pledged here to further promote economic cooperation and lift bilateral trade to $200 billion in 2016.The target was ... Read more...

Posted in Business |

US stocks rally led by banks


June 23rd, 2012 - 11:35 am ICT by IANS
New York, June 23 (IANS) US stocks closed higher Friday after a huge sell-off in the previous session, boosted by the financial sector despite multiple credit ratings downgrades by Moody's.Ratings ... Read more...

Posted in Business |

Pranab asks banks to reduce non-performing assets


June 12th, 2012 - 8:45 pm ICT by IANS
New Delhi, June 12 (IANS) Finance Minister Pranab Mukherjee Tuesday asked banks to reduce non-performing assets (NPAs) for the financial health of the sector."I am happy that banks have ... Read more...

Posted in Business |

Argentina sees wind energy projects creating 10,000 jobs


June 11th, 2012 - 11:38 am ICT by IANS
Buenos Aires, June 11 (IANS/EFE) The government is working with the private sector to develop wind energy projects in Argentina under a plan that could create 10,000 jobs and produce ... Read more...

Posted in Business |

Shutdown evokes mixed response in Meghalaya


May 31st, 2012 - 3:44 pm ICT by IANS
Shillong, May 31 (IANS) The nation-wide shutdown called by the Bharatiya Janata Party (BJP) and the Left Thursday to protest against the recent steep hike in petrol prices evoked ... Read more...

Posted in Politics |

Information about Memorial Day closings


May 28th, 2012 - 7:10 pm ICT by Aishwarya Bhatt
New York, May 28 (THAINDIAN NEWS) Numerous businesses all over the US will be closed today, Monday 28th, in observance of the Memorial Day holiday. All non emergency local and federal offices, ... Read more...

Posted in World News |

MasterCard, C-SAM to jointly offer mobile wallet service


May 18th, 2012 - 9:36 pm ICT by IANS
New Delhi, May 18 (IANS) Mobile technology firm C-SAM Friday said it has joined hands with MasterCard to provide "mobile wallet" service in the Asia Pacific, the Middle East and ... Read more...

Posted in Business |

India boosts presence in West Africa with trade, cooperation


May 18th, 2012 - 12:43 pm ICT by IANS
Accra, May 18 (IANS) India's footprint is growing in West Africa, especially in two main players in the region, Nigeria and Ghana, with increased trade across sectors and cooperation in ... Read more...

Posted in Uncategorized |

Moody’s downgrades LIC, outlook stable


May 14th, 2012 - 5:50 pm ICT by IANS
New Delhi, May 14 (IANS) Credit ratings agency Moody's Investors Service Monday downgraded the state-run Life Insurance Corporation of India (LIC) to the lowest investment grade, in line with the ... Read more...

Posted in Business |

CPI-ML strike hits Bihar (Lead)


May 10th, 2012 - 6:22 pm ICT by IANS
Patna, May 10 (IANS) Life was hit in many parts of Bihar Thursday by a day-long strike the CPI-ML called to protest the killing of a village head and the ... Read more...

Posted in Uncategorized |

Air India to raise $1.1 bn for new aircraft, working capital


May 8th, 2012 - 11:47 pm ICT by IANS
Mumbai, May 8 (IANS) Air India will raise $1.1 billion to fund its new aircraft acquisition programme and meet working capital requirements, the national carrier said Tuesday, on the day ... Read more...

Posted in Business |

SBI to open new SME branches in Bengal


April 27th, 2012 - 11:06 pm ICT by IANS
Kolkata, April 27 (IANS) Giving emphasis on more lending to small and medium enterprises (SMEs), public sector State Bank of India (SBI) will set up four new specialised SME ... Read more...

Posted in Business |

Sensex ends in red; power, realty, auto stocks fall (Lead)


April 26th, 2012 - 5:59 pm ICT by IANS
Mumbai, April 26 (IANS) Indian equities markets benchmark indices witnessed choppy trading Thursday, a day after ratings agency Standard & Poor's lowered its outlook to "negative" from "stable" on ... Read more...

Posted in Uncategorized |

Choppy trading at Indian equities after outlook downgrade


April 26th, 2012 - 2:40 pm ICT by IANS
Mumbai, April 26 (IANS) Indian equities market was witnessing choppy trading Thursday, a day after ratings agency Standard & Poor's lowered its outlook to negative from stable on India's ... Read more...

Posted in Business |

New Zealand banks register rise in profits


April 24th, 2012 - 1:18 pm ICT by IANS
Wellington, April 24 (IANS) New Zealand's registered banks reported combined profits of 3.3 billion NZ dollars ($2.68 billion) last year, despite the fact that borrowing continued to be slow, ... Read more...

Posted in Business |

Spanish banks borrow a record $417 bn


April 14th, 2012 - 12:02 pm ICT by IANS
Madrid, April 14 (IANS/EFE) Spanish financial institutions borrowed a record 316.34 billion euros ($417 billion) from the European Central Bank last month, according to data released by Spain's central bank.The ... Read more...

Posted in Uncategorized |

Chinese daily calls for sustained anti-graft efforts


April 11th, 2012 - 2:50 pm ICT by IANS
Beijing, April 11 (IANS) An opinion piece in the People's Daily Wednesday called for confidence in China's fight against corruption despite the fact that it is a "long-term, complex and ... Read more...

Posted in World |

Don’t amend cooperative act without our nod: NABARD


April 4th, 2012 - 11:48 pm ICT by IANS
Kolkata, Apr 4 (IANS) The National Bank For Agriculture And Rural Development (NABARD) said Wednesday it would oppose the Mamata Banerjee-led West Bengal government's move to amend the state ... Read more...

Posted in Business |

NABARD registers 24.2 percent loan growth in Bengal (Lead)


April 4th, 2012 - 6:09 pm ICT by IANS
Kolkata, April 4 (IANS) The National Bank For Agriculture And Rural Development (NABARD) has loaned Rs.2,784.39 crore to financial institutions of West Bengal and the state government during the last ... Read more...

Posted in Business |

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