financial turmoil

Singapore’s economy to grow in 2013: IMF


August 28th, 2012 - 12:48 pm ICT by IANS
Washington, Aug 28 (IANS) Singapore's economy would expand by 2.9 percent this year before firming up to 3.4 percent in 2013, and Singapore has ample policy space to mitigate the ... Read more...

Posted in Business |

India, China will lead Asia’s growth: IMF (Lead)


April 27th, 2012 - 8:10 pm ICT by IANS
Washington, April 27 (IANS) Even as it lowered India's growth forecast to 6.9 percent this year from 7.1 percent in 2011, the International Monetary Fund (IMF) Friday said led by ... Read more...

Posted in Uncategorized |

World Bank sharply lowers global economic growth rate (Lead)


January 18th, 2012 - 6:05 pm ICT by IANS
Washington, Jan 18 (IANS) The World Bank Tuesday sharply lowered its global economic growth rate forecast to 2.5 percent in 2012 from its previous estimate of 3.6 percent, amid risks ... Read more...

Posted in Business |

Asia to face difficult year: IMF


January 6th, 2012 - 1:51 pm ICT by IANS
Washington, Jan 6 (IANS) Events unfolding far from Asia's shores could shape the region's economic outlook for 2012, but Asian policymakers still have the room to respond aggressively to a ... Read more...

Posted in Business |

IMF to lower global economic forecast


December 2nd, 2011 - 4:11 pm ICT by IANS
Washington, Dec 2 (IANS) The International Monetary Fund (IMF) said Thursday it would revise down the global economic growth pace next month as the financial turmoil triggered by the eurozone ... Read more...

Posted in Uncategorized |

Rupee hits record low, government blames global economic turmoil (Roundup)


November 22nd, 2011 - 8:13 pm ICT by IANS
New Delhi/Mumbai, Nov 22 (IANS) The Indian rupee hit a record low at 52.73 to the US dollar Tuesday leaving the corporate sector worried and stoking fears of inflation ... Read more...

Posted in Uncategorized |

Italian PM appoints new cabinet


November 16th, 2011 - 9:07 pm ICT by IANS
Rome, Nov 16 (IANS/RIA Novosti) Italy's new Prime Minister Mario Monti introduced Wednesday the new members of his cabinet who would aim to reverse the country's financial turmoil, the presidential ... Read more...

Posted in Uncategorized |

Time to jointly ensure India is top investment hub: Mukherjee


August 11th, 2011 - 8:07 pm ICT by IANS
New Delhi, Aug 11 (IANS) Finance Minister Pranab Mukherjee Thursday said it was an opportune time for the treasury and opposition benches to ensure that India emerges as the ... Read more...

Posted in Business |

Mexico girds up to deal with market turmoil, US slowdown


August 11th, 2011 - 11:38 am ICT by IANS
Mexico City, Aug 11 (IANS/EFE) Mexico can draw on more than $200 billion as it prepares to cope with current market turmoil and insulate its economy from external shocks, Finance ... Read more...

Posted in Business |

Brazil’s ready if financial crisis worsens: Minister


August 5th, 2011 - 3:26 pm ICT by IANS
Rio De Janeiro, Aug 5 (IANS) Brazil is well prepared to deal with a possible worsening of the global financial crisis, Finance Minister Guido Mantega said. "In case of escalation ... Read more...

Posted in Business |

Islamic banking ideal for economic growth: Expert


May 1st, 2011 - 10:42 pm ICT by IANS
Bhopal, May 1 (IANS) The interest-free Islamic banking system will provide the ideal thrust to India's economic development, an expert said here Sunday.Islamic banking, which propagates zero-interest lending, can solve ... Read more...

Posted in Business |

I want to be a bankable actor: Nilesh Sahay (Interview)


February 9th, 2011 - 2:26 pm ICT by IANS
By Dibyojyoti Baksi Mumbai Feb 9 (IANS) Nilesh Sahai has a legendary film legacy with greats like Sunil Dutt and Nargis as his grand uncle and aunt, respectively, and the newcomer, who ... Read more...

Posted in Entertainment |

India, developing nations driving global growth, but risks remain


January 13th, 2011 - 11:34 am ICT by IANS
By Arun Kumar Washington, Jan 13 (IANS) Led by India and other developing countries, the world economy is moving on from a post-crisis bounce-back phase of recovery to slower but still solid growth ... Read more...

Posted in Business |

LiLo’s failed drug tests could throw new movie into financial turmoil


September 19th, 2010 - 2:25 pm ICT by ANI
Washington, Sept 19 (ANI): Lindsay Lohan's latest slipup could throw her new movie into serious financial turmoil, according to sources close to the production of the project.The troubled actress is set ... Read more...

Posted in Entertainment |

Anthony Morrow To Sign Deal With New Jersey Nets?


July 11th, 2010 - 3:06 am ICT by GD
By Gina Gomez July 10, (THAINDIAN NEWS) Anthony Morrow of Golden State Warriors has reportedly decided to join New Jersey Nets. A reputed sports web portal informed that Anthony Morrow will sign a ... Read more...

Posted in Sports |

British Airways becomes worst UK airline to lose luggage


June 4th, 2010 - 5:56 pm ICT by ANI
London, June 4 (ANI): British Airways has topped the list of UK airlines for losing, delaying and damaging passengers' luggage, according to a survey.The airline image has suffered a blow after ... Read more...

Posted in World |

Euro leaders call for permanent rescue system


May 8th, 2010 - 6:44 am ICT by IANS
Brussels, May 8 (DPA) Eurozone leaders called for the instant creation of a permanent rescue system for members who fall into the kind of financial turmoil currently afflicting Greece, on a night ... Read more...

Posted in Business |

Delta Airline Hikes Baggage Fees


January 13th, 2010 - 9:27 pm ICT by GD
By Meena Kar Jan 13, (THAINDIAN NEWS) The economic recession of 2008 has affected all the companies and every individual has experienced the heat of the global meltdown. Though several months have passed ... Read more...

Posted in Business |

Financial Crisis In Dubai Can Affect Kerala?


November 29th, 2009 - 8:33 pm ICT by GD
By Meena Kar Nov. 29, (THAINDIAN NEWS) The recent reports of financial crisis in Dubai that has surfaced has panicked people in different parts of the world. People are already facing a tough ... Read more...

Posted in Business, India |

UNAIDS top head to visit India, meet PM


October 6th, 2009 - 5:58 pm ICT by IANS
New Delhi, Oct 6 (IANS) On his first trip to India, the head of UNAIDS will meet Prime Minister Manmohan Singh and senior ministers to emphasize India's continued support against HIV ... Read more...

Posted in Health |

Christopher Plummer’s “The Tempest” Appearance: Stratford Presentation Scrapped


September 6th, 2009 - 6:38 pm ICT by GD
By Meena Kar The Stratford Shakespeare Festival has reportedly scrapped the scheduled production of "The Tempest" at the Luminato festival for June 2010. Canadian actor Christopher Plummer after having enacted the roles of ... Read more...

Posted in Entertainment |

Formula 1 crisis: Eight teams confirm forming a breakaway series


June 19th, 2009 - 12:34 pm ICT by ANI
London, June 19 (ANI): The Formula One drivers' championship is in crisis after eight of its 10 teams confirmed they are to form a breakaway series.The decision will cause the greatest ... Read more...

Posted in Sports |

Major US banks pay back emergency government loans


June 18th, 2009 - 7:51 am ICT by IANS
Washington, June 18 (DPA) A number of major US banks Wednesday returned emergency loans of more than $68 billion that they had received from the government at the height of the ... Read more...

Posted in Business |

World plunging into ever-deeper recession: IMF


April 22nd, 2009 - 8:25 pm ICT by IANS
Washington, April 22 (DPA) The International Monetary Fund (IMF) Wednesday offered its most dire picture yet of a world that is plunging into by far its deepest recession since World War II. The ... Read more...

Posted in Business |

Financial stocks up in mixed day on Wall Street


April 14th, 2009 - 8:07 am ICT by IANS
New York, April 14 (DPA) A banking rally has helped US stocks make limited gains after mixed trading which began with poor earnings forecasts from planemaker Boeing Co and energy giant Chevron ... Read more...

Posted in Business |

Chief minister says NWFP is “at war”


April 3rd, 2009 - 2:18 pm ICT by ANI
Peshawar, Apr. 3 (ANI): The North West Frontier Province is at 'war' and governance of the province is becoming difficult, Chief Minister Ameer Haider Hoti has said."While Pakistan has played a frontline ... Read more...

Posted in South Asia |

US accounting standards relaxed to help banks out of crisis


April 3rd, 2009 - 9:04 am ICT by IANS
Washington, April 3 (DPA) US accounting standards were relaxed Thursday to allow banks to take a longer-term view on the value of toxic mortgage assets, which have already cost the industry more ... Read more...

Posted in Business |

US stocks rally on G20 deal, changes in accounting rules


April 3rd, 2009 - 9:04 am ICT by IANS
New York, April 3 (DPA) US and global stocks surged Thursday as a summit of the world's major industrial and emerging powers agreed on a more than $1-trillion aid package to help ... Read more...

Posted in Business |

US seeks dramatic expansion of financial regulatory powers


March 26th, 2009 - 10:09 pm ICT by IANS
Washington, March 26 (DPA) US President Barack Obama's administration, in a massive overhaul of the country's financial regulatory system, is seeking the power to keep watch on all types of financial ... Read more...

Posted in Business |

Even Swedes angered by management bonuses


March 21st, 2009 - 8:58 am ICT by IANS
By Lennart Simonsson Stockholm, March 21 (DPA) Timing is of the essence - a lesson several big Swedish banking groups as well as private and government-run pension funds and corporations have learned in ... Read more...

Posted in Business |

Worst is not over for Indian economy: Moody’s


March 20th, 2009 - 5:59 pm ICT by IANS
New Delhi, March 20 (IANS) The Indian economy is unlikely to grow more than five percent in 2009 as "the worst of the global economic crisis is yet to come", according to ... Read more...

Posted in Business |

Oz trade unions want Rudd Govt. to stop banking jobs going to India


March 14th, 2009 - 3:23 pm ICT by ANI
Melbourne, Mar 14 (ANI): Australian trade unions want Prime Minster Kevin Rudd to stop banking jobs going offshore, after his government rejected calls to have the deposit guarantee withdrawn from banks ... Read more...

Posted in World |

China ups spending, deficit at six-decade high (Lead)


March 5th, 2009 - 6:47 pm ICT by IANS
Beijing, March 5 (Xinhua) China Thursday announced a fiscal deficit budget of 950 billion yuan ($139 billion) for 2009, the highest in six decades, as the country boosts spending to cushion the ... Read more...

Posted in World |

Clinton ends China trip with call to buy more US bonds (Lead)


February 23rd, 2009 - 1:09 am ICT by IANS
Beijing, Feb 22 (DPA) US Secretary of State Hillary Rodham Clinton ended her trip to China Sunday with a call for Beijing to invest more in US treasury bonds, warning both countries ... Read more...

Posted in World |

Clinton visits church, meets women before leaving China


February 22nd, 2009 - 2:50 pm ICT by IANS
Beijing, Feb 22 (DPA) US Secretary of State Hillary Rodham Clinton attended a church service and met a group of outstanding Chinese women in Beijing Sunday, before she left China and ended ... Read more...

Posted in World |

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