financial markets

EU must be more decisive to protect euro: Spain, France


August 31st, 2012 - 11:36 am ICT by IANS
Madrid, Aug 31 (IANS/EFE) Financial markets' doubts about the strength of the euro can be blamed on a lack of decisive action by the European Union, French President Fran├žois Hollande ... Read more...

Posted in Business |

Russia opens first criminal case in stock price fixing


August 22nd, 2012 - 6:57 pm ICT by IANS
Moscow, Aug 22 (IANS/RIA Novosti) Russia has launched the country's first criminal case into stock market price manipulation, following a check by the Federal Financial Markets Service (FFMS).The check revealed ... Read more...

Posted in World |

`US should balance short-run, medium-term fiscal adjustment’


August 3rd, 2012 - 1:27 pm ICT by IANS
Washington, Aug 3 (IANS) US policymakers should balance their efforts at immediate and medium-term fiscal adjustment to avoid negative impact on the fragile US economic recovery, the International Monetary Fund ... Read more...

Posted in Business |

Markets continue to hammer Spanish debt


July 24th, 2012 - 12:38 pm ICT by IANS
Madrid, July 24 (IANS/EFE) The yield on Spanish 10-year bonds rose Monday to a prohibitive 7.49 percent amid fears that nothing short of massive intervention by the European Central Bank ... Read more...

Posted in Business |

Brazil’s central bank cautious over fresh interest cut


July 20th, 2012 - 3:48 pm ICT by IANS
Brasilia, July 20 (IANS) Brazil's central bank has said it would remain cautious about "any additional steps toward monetary flexibility" despite extensive market expectations of a fresh rate cut.A report ... Read more...

Posted in Business |

IIM-Shillong, NSE to offer course in financial markets


June 29th, 2012 - 11:11 pm ICT by IANS
Guwahati, June 20 (IANS) One of India's top ten business schools - the IIM Shillong (IIM-S) - and India's leading stock exchange, the National Stock Exchange (NSE), Friday signed an ... 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 |

Cops raid world’s oldest bank


May 9th, 2012 - 11:17 pm ICT by IANS
Rome, May 9 (IANS/AKI) Police in Italy Wednesday raided the headquarters of the Banca Monte dei Paschi di Siena (MPS), reportedly the world's oldest bank founded in 1472, on suspicion ... Read more...

Posted in Business |

Euro on brink of collapse: IMF


April 18th, 2012 - 10:57 pm ICT by IANS
London, April 18 (IANS) The crisis-hit euro is teetering on the brink of collapse, the International Monetary Fund (IMF) has said.In a significant vote of no-confidence, Tuesday's report from the ... 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 |

RBI mid-quarter review Thursday


March 14th, 2012 - 9:29 pm ICT by IANS
Mumbai, March 14 (IANS) Financial markets and industries are hoping for a rate cut in the Reserve Bank of India's mid-quarter review of its monetary policy Thursday."We expect the RBI ... Read more...

Posted in Business |

Have balance between financial innovation, stability: US


March 6th, 2012 - 12:46 pm ICT by IANS
Washington, March 6 (IANS) Financial sector regulators should push forward reforms to reduce risk and improve transparency, while preserving the best features of markets and the competitiveness of financial institutions, ... Read more...

Posted in Business |

China, Japan pledge financial cooperation


February 19th, 2012 - 6:38 pm ICT by IANS
Beijing, Feb 19 (IANS) China and Japan Sunday pledged to boost financial cooperation as the global economic situation remains "complex and grim"."Financial cooperation is a major part of the economic ... Read more...

Posted in World |

Japan’s Panasonic projects wider loss for current fiscal


February 3rd, 2012 - 3:38 pm ICT by IANS
Tokyo, Feb 3 (IANS) Japan's Panasonic said in its financial results Friday that it expected to see its worst-ever net loss of 780 billion yen (about $10.23 billion) for the ... Read more...

Posted in Business |

JPMorgan Chase earnings miss Wall Street expectations


January 14th, 2012 - 1:45 pm ICT by IANS
New York, Jan 14 (IANS) JPMorgan Chase, the biggest bank in the US, reported its fourth quarter earnings Friday, which missed Wall Street expectations.According to the New York based bank, ... Read more...

Posted in Business |

UAE markets to be closed Jan 1


December 28th, 2011 - 11:49 pm ICT by IANS
Abu Dhabi, Dec 28 (IANS/WAM) Financial markets in the United Arab Emirates (UAE) will remain closed Jan 1 for celebrating the New Year, an official statement said.The Securities and Commodities ... Read more...

Posted in Business |

SEBI planning more grievance and arbitration centres


December 17th, 2011 - 5:46 pm ICT by IANS
Kolkata, Dec 17 (IANS) Market regulator Securities and Exchange Board of India (SEBI) is planning to set up more investor grievance and arbitration centres to address investors' woes, a top ... Read more...

Posted in Uncategorized |

Probability of global recession low: RBI


December 9th, 2011 - 2:28 pm ICT by IANS
Kolkata, Dec 9 (IANS) On the back of widespread fears that Europe's sovereign debt crisis is pushing a global economic downturn, the Reserve Bank of India (RBI) Friday said the ... Read more...

Posted in Business |

Reserve Bank of Australia cuts cash rate


December 6th, 2011 - 2:52 pm ICT by IANS
Sydney, Dec 6 (IANS) The Reserve Bank of Australia (RBA) Tuesday announced it has decided to lower the cash rate from 4.5 percent to 4.25 percent, effective Dec 7.It was ... Read more...

Posted in Uncategorized |

UAE’s financial markets to close for three days


November 28th, 2011 - 12:17 am ICT by IANS
Abu Dhabi, Nov 27 (IANS/WAM) The United Arab Emirates' financial markets will remain closed for three days starting Thursday to observe the new Islamic Hijri year 1433 and the ... Read more...

Posted in Business |

US stocks end lower in holiday-shortened session


November 26th, 2011 - 2:22 am ICT by IANS
New York, Nov 26 (IANS) US stocks ended lower Friday, with the S&P; 500 and the Nasdaq falling for the seventh straight day, as market sentiment was still heavily weighed ... Read more...

Posted in Business |

Pope urges G-20 to resolve economic crisis


November 3rd, 2011 - 6:20 am ICT by IANS
Vatican City, Nov 3 (IANS/AKI) Pope Benedict XVI has urged the world's most industrialised countries to resolve the problems that has plunged much of the globe into an economic crisis.Leaders ... Read more...

Posted in World |

European crisis threatening global recovery: Geithner


October 7th, 2011 - 10:32 am ICT by IANS
Washington, Oct 7 (IANS) US Treasury Secretary Timothy Geithner urged European leaders to take more forceful actions to contain the regional financial crisis threatening the global economy."The crisis in ... Read more...

Posted in Business |

US boosts second-quarter growth estimate to 1.3 percent


September 30th, 2011 - 11:24 am ICT by IANS
Washington, Sep 30 (IANS/EFE) The US economy expanded at an annual rate of 1.3 percent in the second quarter, compared with an earlier estimate of 1 percent, the Commerce Department ... Read more...

Posted in Business |

Spanish Senate approves constitutional cap on deficit


September 8th, 2011 - 11:56 am ICT by IANS
Madrid, Sep 8 (IANS/EFE) Spain's Senate has approved a constitutional amendment aimed at ensuring budgetary stability.Members of both chambers will now have until Sep 22 to request a referendum on ... Read more...

Posted in Business |

World going through stormy period: WTO chief Lamy


September 6th, 2011 - 10:40 pm ICT by IANS
New Delhi, Sep 6 (IANS) The global economy is going through a "stormy period" and is likely to witness further slowdown in growth, unsustainable fiscal deficits and high unemployment, ... Read more...

Posted in Uncategorized |

Indian economy to grow 8.1 percent in 2011: UNCTAD


September 6th, 2011 - 5:14 pm ICT by IANS
New Delhi, Sep 6 (IANS) India's economic growth rate is likely to climb down to 8.1 percent in 2011 from 8.6 percent in the previous year due to slowdown in ... Read more...

Posted in Business |

Deven Sharma to step down as S&P;’s chief (Lead)


August 23rd, 2011 - 11:35 pm ICT by IANS
Washington, Aug 23 (IANS) Pressure from the US government over the country's credit rating downgrade finally seems to have compelled rating agency Standard & Poor's to let go of Deven ... Read more...

Posted in Business |

Reserve Bank of India Governor D.Subbarao gets two-year extension


August 9th, 2011 - 3:14 pm ICT by IANS
New Delhi, Aug 9 (IANS) The government Tuesday approved the extension of Reserve Bank of India Governor D. Subbarao's tenure by two years, which officials said could be because of ... Read more...

Posted in Business |

US House passes historic debt deal (Lead)


August 2nd, 2011 - 10:13 am ICT by IANS
Washington, Aug 2 (IANS) With the US House passing a compromise debt-ceiling deal crafted by President Barack Obama and congressional leaders, the United States made it all but certain ... Read more...

Posted in Business |

US economy slows in first quarter


April 29th, 2011 - 11:18 am ICT by IANS
Washington, April 29 (IANS/EFE) The US economy grew at an annualised rate of 1.8 percent in the first quarter, down from 3.1 percent in the final three months of 2010, ... Read more...

Posted in Business |

India second in terms of manufacturing competitiveness: Anand Sharma


March 17th, 2011 - 5:45 pm ICT by ANI
New Delhi, Mar 17 (ANI): Union Commerce Minister Anand Sharma today said that in terms of manufacturing competitiveness, India ranked second in the world.Addressing at the first Green Manufacturing Summit here, ... Read more...

Posted in National |

IIM-Calcutta to boost research and upgrade lab


February 28th, 2011 - 4:44 pm ICT by IANS
Kolkata, Feb 28 (IANS) The Indian Institute of Management-Calcutta (IIM-C) plans to utilise the Rs.20 crore special budgetary grant to help students do research in global finance markets and to upgrade ... Read more...

Posted in Uncategorized |

Price discovery of crude oil can not be left entirely unregulated: Jaipal Reddy


February 23rd, 2011 - 6:11 pm ICT by ANI
Riyadh, Feb 23 (ANI): Petroleum Minister S. Jaipal Reddy on Wednesday saidthere is a need to improve the understanding of inter-linkages between the physicaland financial markets to address the issue ... Read more...

Posted in World |

Sensex sinks over 600 points on Korean hostilities, recovers (Second Lead)


November 23rd, 2010 - 3:21 pm ICT by IANS
Mumbai, Nov 23 (IANS) A benchmark index of Indian equities market slipped further into the red Tuesday, falling over 600 points in afternoon trade, as Asian markets were jittery on reports ... Read more...

Posted in Business |

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