financial stability

Situation in Europe not as bad as perceived: EU official


August 22nd, 2012 - 1:07 am ICT by IANS
Mumbai, Aug 21 (IANS) Stating that the situation in Europe is not as bad as is generally believed, European Financial Stability Facility (EFSF) CEO Klaus Regling Tuesday asserted that the ... Read more...

Posted in Uncategorized |

Kids’ self-control linked to lower weight


August 16th, 2012 - 6:27 pm ICT by IANS
Washington, Aug 16 (IANS) Exercising some self control and delaying gratification for longer periods among children at four years of age is linked with a lower body mass index (BMI) ... Read more...

Posted in Health |

Moody’s downgrades Eurozone bailout fund credit outlook


July 25th, 2012 - 1:17 pm ICT by IANS
New York, July 25 (IANS) Moody's Investors Service has cut the outlook for the credit rating of the European Financial Stability Facility (EFSF) to negative from stable, warning that the ... Read more...

Posted in Business |

Finland expects tough loan collateral talks with Spain


July 6th, 2012 - 12:07 pm ICT by IANS
Berlin, July 6 (IANS/EFE) Finland's finance minister said she expects "long and difficult" talks with Spain on the collateral to be offered to the Nordic country in exchange for aid ... Read more...

Posted in Business |

EU leaders agree on 120 bn euro growth initiatives


June 29th, 2012 - 1:35 pm ICT by IANS
Brussels, June 29 (IANS) European Union (EU) top leaders have agreed on a package of growth initiatives worth 120 billion euros (about $150 billion) to help the most vulnerable economies ... Read more...

Posted in Business |

Despite risks, India’s financial system robust: RBI


June 28th, 2012 - 8:15 pm ICT by IANS
New Delhi, June 28 (IANS) India's financial system is robust despite the rise in global risks and domestic macro-economic conditions, the Reserve Bank of India (RBI) said Thursday."The financial system ... Read more...

Posted in Business |

G-20 Summit Declaration


June 20th, 2012 - 11:07 am ICT by IANS
Text of the G-20 Summit declaration in Los Cabos, Mexico, June 18-19: 1. We, the Leaders of the G20, convened in Los Cabos on 18-19 June 2012.2. We are united in our ... Read more...

Posted in Business |

Obama calls Greek election positive sign


June 19th, 2012 - 3:18 am ICT by IANS
Los Cabos (Mexico), June 19 (IANS) US President Barack Obama Monday called the election in Greece a positive sign and hoped the country would re-emerge from its debt crisis ... Read more...

Posted in Politics |

Wind power banking in Tamil Nadu is unbankable: Tangedco


June 17th, 2012 - 1:29 pm ICT by IANS
Chennai, June 17 (IANS) The Tamil Nadu Generation and Distribution Corporation (TANGEDCO) wants power banking scrapped as around Rs.200 crore are being lost annually because of the the facility.Power banking ... Read more...

Posted in Business |

Financial stability panel takes up Eurozone contingency plan


June 14th, 2012 - 9:23 pm ICT by IANS
Hyderabad, June 14 (IANS) A sub-committee of the Indian government's Financial Stability Development Council (FSDC) Thursday discussed recent developments in the global economy, specifically in the Eurozone, the US and ... Read more...

Posted in Business |

India’s financial system still strong, says RBI deputy governor


April 26th, 2012 - 4:53 pm ICT by IANS
Hyderabad, April 26 (IANS) India's financial system was strong and there was nothing to worry about, Reserve Bank of India (RBI) Deputy Governor K.C. Chakrabarthy said Thursday after Standard & ... Read more...

Posted in Uncategorized |

Call for urgent IMF quota, governance reforms


April 22nd, 2012 - 2:23 am ICT by IANS
Washington, April 22 (IANS) Reaffirming the urgency of making the 2010 quota and governance reforms effective by October to enhance the International Monetary Fund's legitimacy and credibility, its steering ... Read more...

Posted in Business |

Scientists warn of dangers in delaying motherhood


April 8th, 2012 - 7:09 pm ICT by IANS
Washington, April 8 (IANS) Working women often postpone motherhood without realising its deleterious consequences, relying instead on reproductive technologies to restore their childbearing capacity, says a study."There is an alarming ... Read more...

Posted in Health |

Close ASEAN cooperation urged to promote growth (Lead)


April 3rd, 2012 - 9:07 pm ICT by IANS
Phnom Penh, April 3 (IANS) Cambodia, the current ASEAN chair, has called for stronger financial cooperation among its member countries to promote economic growth.Prime Minister Hun Sen told the visiting ... Read more...

Posted in World |

Bank of England urges banks to raise capital


March 24th, 2012 - 2:11 pm ICT by IANS
London, March 24 (IANS) British banks need to raise more capital as they are not reserving enough funds to withstand potential financial trouble, the Financial Policy Committee (FPC) under Bank ... Read more...

Posted in Business |

AIG pays back $1.5 bn to US Treasury


March 23rd, 2012 - 2:58 pm ICT by IANS
Washington, March 23 (IANS) The US Treasury Department said Thursday that American International Group (AIG) repaid an additional $1.5 billion, a further step to exit from the government's financial rescue ... Read more...

Posted in Business |

Firewalls needed between banks and insurance firms: Survey


March 15th, 2012 - 6:22 pm ICT by IANS
Chennai, March 15 (IANS) The Economic Survey tabled in parliament Thursday voiced concern about the growing linkages between the banking and insurance sectors and said firewalls should be built between ... Read more...

Posted in Business |

EU to speed up bailout fund payments


March 3rd, 2012 - 7:39 am ICT by IANS
Brussels, March 3 (IANS/RIA Novosti) Leaders of Eurozone countries agreed to allocate funds faster for the EU permanent bailout fund Friday -- the second day of the EU summit in ... Read more...

Posted in World |

German parliament passes Greece bailout deal


February 28th, 2012 - 8:42 am ICT by IANS
Berlin, Feb 28 (IANS) The German parliament Monday passed the second bailout package for Greece worth about 130 billion euros ($174.4 billion) to help the country avoid a default.The German ... Read more...

Posted in Business |

US fiscal trajectory unsustainable, says US official


February 3rd, 2012 - 11:33 am ICT by IANS
Washington, Feb 3 (IANS/EFE) The growth of government debt relative to US gross domestic product is "clearly unsustainable", Federal Reserve Chairman Ben Bernanke said here Thursday in congressional testimony."To achieve ... Read more...

Posted in Business |

Financial crisis subsides: Sarkozy


January 30th, 2012 - 2:07 pm ICT by IANS
Paris, Jan 30 (IANS) French President Nicolas Sarkozy said Sunday that the spiralling financial crisis had subsided as efforts to restore stability in the Eurozone had borne fruit."Today, with caution, ... Read more...

Posted in Uncategorized |

Large US banks may be told to undergo annual stress tests


January 18th, 2012 - 6:05 pm ICT by IANS
Washington, Jan 18 (IANS) The US Federal Deposit Insurance Corporation (FDIC) proposed a rule Tuesday that would require banks with more than $10 billion in assets to conduct annual stress ... Read more...

Posted in Business |

Pakistan, China ink currency swap deal


December 24th, 2011 - 11:47 am ICT by IANS
Beijing, Dec 24 (IANS) China's central bank said Saturday that it has signed a 10-billion-yuan ($1.6 billion) currency swap deal with the State Bank of Pakistan.The agreement will last for ... Read more...

Posted in South Asia |

Next EU summit to focus on jobs: Top official


December 21st, 2011 - 1:18 pm ICT by IANS
Brussels, Dec 21 (IANS) The next summit of the European Union (EU) will focus on jobs, said EU president Herman Van Rompuy. "Our next summit is already scheduled for Jan ... Read more...

Posted in Business |

Russia may aid in European debt relief efforts


December 15th, 2011 - 3:28 pm ICT by IANS
Brussels, Dec 15 (IANS) Russia might be willing to contribute up to 10 billion euros ($13 billion) to the eurozone's bailout fund, a European Union (EU) official said."Eurozone assistance will ... Read more...

Posted in Business |

Eurozone ministers agree to expand rescue fund


November 30th, 2011 - 2:05 pm ICT by IANS
Brussels, Nov 30 (IANS) Eurozone finance ministers agreed Tuesday to expand a rescue fund and to turn to the International Monetary Fund (IMF) for help to contain the spreading debt ... Read more...

Posted in Uncategorized |

US shuts down 150 websites to fight counterfeiting


November 29th, 2011 - 8:26 am ICT by IANS
Washington, Nov 29 (IANS) US authorities have shut down 150 websites engaged in the illegal sale and distribution of counterfeit goods and copyrighted works, Xinhua reported.The operation, executed by the ... Read more...

Posted in World |

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 |

G20 leaders agree to consolidate IMF


November 5th, 2011 - 2:17 am ICT by IANS
Cannes, Nov 5 (IANS) The Group of Twenty (G20) leaders have agreed to strengthen the resources of the International Monetary Fund (IMF), French President Nicolas Sarkozy said Friday at the ... Read more...

Posted in Business |

World’s major economies should work together : Hu (Second Lead)


November 4th, 2011 - 7:53 am ICT by IANS
Cannes, Nov 4 (IANS) Chinese President Hu Jintao Thursday urged the world's major economies to work together to promote growth and financial stability."It is imperative that we stand on a ... Read more...

Posted in World |

World’s major economies should work together : Hu (Lead)


November 4th, 2011 - 7:39 am ICT by IANS
Cannes, Nov 4 (IANS) Chinese President Hu Jintao Thursday urged the world's major economies to work together to promote growth and financial stability."It is imperative that we stand on a ... Read more...

Posted in World |

IMF right forum to help Eurozone economies: India


November 3rd, 2011 - 11:57 pm ICT by IANS
Cannes, Nov 3 (IANS) Even as the G20 is closely monitoring how the members of the Eurozone propose to resolve the crisis, India firmly believes the International Monetary Fund ... Read more...

Posted in World |

Wall Street up on European hopes, bank rally


October 19th, 2011 - 5:56 am ICT by IANS
New York, Oct 19 (IANS) The US stocks ended sharply higher Tuesday amid strong performance in financial sector and news that European policymakers were planning a two-trillion-euro fund, Xinhua reported. The ... Read more...

Posted in Business |

Global forum asks G20 to protect consumers


October 13th, 2011 - 7:27 pm ICT by IANS
New Delhi, Oct 13 (IANS) A global consumer interest protection forum has asked finance ministers of the G20 to come up with tighter norms to protect buyers of financial services ... Read more...

Posted in Business |

Sensex edges lower on volatile trading day


October 13th, 2011 - 6:42 pm ICT by IANS
Mumbai, Oct 13 (IANS) After a handsome rally in the previous session, Indian equities markets ended tamely Thursday with trade largely being volatile during the day. The 30-scrip sensitive index ... Read more...

Posted in Business |

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