financial sector

US imposes sanctions on Hezbollah leaders


September 14th, 2012 - 12:28 am ICT by IANS
Washington, Sep 13 (IANS) The US Thursday slapped fresh sanctions on three leaders of Lebanese militant group Hezbollah for their alleged role in aiding the Syrian government in its crackdown ... Read more...

Posted in Politics |

Public sector bank’s non-performing assets not alarming: FM (Roundup)


August 18th, 2012 - 7:20 pm ICT by IANS
New Delhi, Aug 18 (IANS) Finance Minister P. Chidambaram Saturday tried to calm the jittery financial sector stating that the rise in non-performing assets (NPAs) of public sector banks ... Read more...

Posted in Business |

Spanish banks’ bad-loans ratio hits new record


August 18th, 2012 - 1:10 pm ICT by IANS
Madrid, Aug 18 (IANS/EFE) The ratio of non-performing loans to total outstanding loans held by Spanish banks has risen to a record 9.42 percent, topping the previous mark of 9.15 ... Read more...

Posted in Uncategorized |

EC approves Spanish bank recapitalization programme


July 26th, 2012 - 11:28 am ICT by IANS
Brussels, July 26 (IANS/EFE) The European Commission said Wednesday it has approved a Spanish programme to recapitalize its banks through the end of 2012."The recapitalization scheme is the first stepping ... Read more...

Posted in Business |

Moody’s cuts outlook on Germany


July 24th, 2012 - 1:08 pm ICT by IANS
Brussels, July 24 (IANS) Moody's Investors Service late Monday lowered its outlook on top-rated Germany, the Netherlands and Luxembourg to negative from stable, citing increasing uncertainties about the euro debt ... Read more...

Posted in Business |

China’s net global investment reaches $1.79 trillion


July 14th, 2012 - 2:20 pm ICT by IANS
Beijing, July 14 (IANS) China's net international investment position at the end of March was $1.79 trillion, said authorities.The net international investment position measures the difference between a country's external ... 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 |

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 |

US exempts seven countries from sanctions


June 12th, 2012 - 6:56 am ICT by IANS
Washington, June 12 (IANS) The US will exempt seven economies, including India and Sri Lanka from sanctions, as a result of their significant reduction of oil purchase from Iran, ... Read more...

Posted in World |

S&P; warns India risking investment downgrade; Rupee, Sensex fall


June 11th, 2012 - 9:18 pm ICT by IANS
Mumbai, June 11 (IANS) International ratings agency Standard and Poor's Monday warned that India may lose its investment-grade rating because of slowing growth and political roadblocks to economic policy-making, ... Read more...

Posted in Business |

IMF chief seeks integrated action to fix financial system


June 9th, 2012 - 1:31 pm ICT by IANS
Washington, June 9 (IANS) The head of the International Monetary Fund has called for further action to reform the global financial system by strengthening crisis management tools and the overall ... Read more...

Posted in Business |

IMF to give $1 bn loan to Bangladesh


April 13th, 2012 - 12:06 am ICT by IANS
Dhaka, April 12 (IANS) The International Monetary Fund (IMF) has approved a loan of around $1 billion for Bangladesh to restore economic stability, an IMF official said Thursday.Eteri Kvintradze, IMF ... Read more...

Posted in Business |

Myanmar to see robust growth: ADB


April 12th, 2012 - 7:15 am ICT by IANS
Bangkok, April 12 (IANS) Myanmar will witness a robust growth as Western countries start to ease sanctions, an Asian Development Bank (ADB) official has said.The ADB projected a six-percent GDP ... Read more...

Posted in Business |

Assocham wants laws on securities contract amended


April 8th, 2012 - 7:28 pm ICT by IANS
New Delhi, April 8 (IANS) Industry lobby Assocham Sunday urged the government to revamp rules governing forward and option contracts in securities for a healthy financial sector in the country."No ... Read more...

Posted in Business |

China’s financial supervision sound: IMF


April 6th, 2012 - 2:04 pm ICT by IANS
Washington, April 6 (IANS) China's financial supervision has made significant progress but more efforts are needed to meet challenges ahead, the International Monetary Fund (IMF) said."Regulation and supervision of China's ... Read more...

Posted in Business |

US turning countries against Iran: Ahmadinejad


April 5th, 2012 - 10:09 pm ICT by IANS
Tehran, April 5 (IANS) No country would have adopted a hostile attitude towards Iran if the US had not exerted pressure on it to change its policy on Tehran, ... Read more...

Posted in World |

China to end state monopoly in banks


April 5th, 2012 - 4:30 pm ICT by IANS
Beijing, April 5 (IANS) China's top leadership has agreed to reduce, if not break, the state's banking monopoly, Premier Wen Jiabao has said.This is the first time Beijing acknowledged the ... Read more...

Posted in Business |

Clinton says diplomacy with Iran not infinite


April 5th, 2012 - 2:23 pm ICT by IANS
Washington, April 5 (IANS) US Secretary of State Hillary Clinton has said the time for diplomacy with Iran over its disputed nuclear programme is not "infinite". "We want to ... Read more...

Posted in World |

CaixaBank to become Spain’s largest bank by assets


March 27th, 2012 - 12:16 pm ICT by IANS
Barcelona, March 27 (IANS/EFE) CaixaBank said Monday that it plans to purchase Banca Civica for nearly 1 billion euros ($1.33 billion) in a transaction that will leave the buyer as ... 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 |

World economy still in danger zone: IMF


February 27th, 2012 - 1:36 pm ICT by IANS
Mexico City, Feb 27 (IANS) Despite the improvement in indicators of global activities, the risks are latent and the world economy is still in "the danger zone", International Monetary Fund ... Read more...

Posted in Business |

Spanish banks’ bad loans ratio highest since 1994


February 18th, 2012 - 12:43 pm ICT by IANS
Madrid, Feb 18 (IANS/EFE) Spanish banks' ratio of non-performing loans to total loans came in at 7.61 percent last year, the highest percentage since 1994.According to provisional data published Friday ... Read more...

Posted in Uncategorized |

Spain unveils new rules to shore up banking sector


February 3rd, 2012 - 12:03 pm ICT by IANS
Madrid, Feb 3 (IANS/EFE) The government has outlined a programme aimed at shoring up Spain's ailing financial sector.The goal of the overhaul is to achieve in short order a healthier ... Read more...

Posted in Business |

New Zealand central bank chief to step down


January 30th, 2012 - 1:30 pm ICT by IANS
Wellington, Jan 30 (IANS) The head of New Zealand's central bank, Alan Bollard, announced Monday that he is to retire later this year after a decade in the post.The governor ... Read more...

Posted in Business |

US targets Iran’s third largest bank


January 24th, 2012 - 2:40 pm ICT by IANS
Washington, Jan 24 (IANS) The US Monday added Bank Tejarat, Iran's third largest bank, on its blacklist for sanctions, citing its links to the Islamic republic's nuclear bomb efforts.The Department ... Read more...

Posted in Business |

RBI gives banks draft guidelines on capital regulation


December 30th, 2011 - 9:23 pm ICT by IANS
New Delhi, Dec 30 (IANS) The Reserve Bank of India (RBI) Friday released draft guidelines for implementing Basel III capital regulation in India aimed at improving the banking sector's ability ... Read more...

Posted in Business |

South Korean watchdog to focus on market stability in 2012


December 30th, 2011 - 1:45 pm ICT by IANS
Seoul, Dec 30 (IANS) South Korea's financial watchdog said Friday that it will place its top priority for 2012 policy on financial market stability in a bid to preemptively respond ... Read more...

Posted in Business |

`Spanish economy contracting’


December 27th, 2011 - 12:06 pm ICT by IANS
Madrid, Dec 27 (IANS/EFE) Spain's new economy minister said Monday that the nation's economy will post negative growth in the fourth quarter of this year and the first three months ... Read more...

Posted in Business |

Spain’s PM-elect vows to slash deficit, boost pensions


December 20th, 2011 - 3:12 pm ICT by IANS
Madrid, Dec 20 (IANS/EFE) Spanish Prime Minister-elect Mariano Rajoy Monday unveiled the general policies of his government, including reducing the public deficit by 16.5 billion euros ($21.4 billion) in 2012 ... Read more...

Posted in Politics |

Foreign investment in Brazil quadrupled in five years


December 16th, 2011 - 11:42 am ICT by IANS
Rio de Janeiro, Dec 16 (IANS/EFE) Cumulative foreign direct investment in Brazil expanded fourfold between 2005 and last year, from $162.8 billion to $660.5 billion, the country's central bank said ... Read more...

Posted in Business |

Inflation still at ‘unacceptable’ level: Pranab


December 15th, 2011 - 4:16 pm ICT by IANS
New Delhi, Dec 15 (IANS) Despite the recent decline, inflation still remain high at an "unacceptable" level but the government has very limited tools to curb it, Finance Minister ... Read more...

Posted in Business |

China expects world’s ‘return gesture’ for opening up


November 29th, 2011 - 3:51 pm ICT by IANS
Beijing, Nov 29 (IANS) Beijing wants "something in return" from other countries, including the US, for further opening up its market for their products.According to Chinese Commerce Minister Chen Deming, ... Read more...

Posted in Business |

Singapore forecasts up to 3 percent growth for 2012


November 21st, 2011 - 3:56 pm ICT by IANS
Singapore, Nov 21 (IANS) The Singapore economy is expected to grow by 1 to 3 percent next year on weak external demand and sluggish global economy, the Ministry of Trade ... Read more...

Posted in Business |

China’s financial system sound: IMF


November 15th, 2011 - 1:31 pm ICT by IANS
Washington, Nov 15 (IANS) The International Monetary Fund (IMF) said Monday that China's financial system is sound."China has made remarkable progress in its transition toward a more commercially-oriented and financially ... Read more...

Posted in Business |

`Job creation a way to tackle economic crisis’


November 8th, 2011 - 2:08 pm ICT by IANS
Rio De Janeiro, Nov 8 (IANS) Brazilian President Dilma Rousseff has said that job creation is a way to tackle economic crisis. In her weekly radio show Monday, Rousseff said ... Read more...

Posted in Business |

« Previous Entries

Subscribe