Bank strike hits financial sector in India (Roundup)
August 22nd, 2012 - 7:13 pm ICT by IANS
New Delhi, Aug 22 (IANS) Banking transactions across India were severely affected Wednesday as employees of most public sector banks and some private and foreign banks went on a two-day ... Read more...
Posted in Business |
Kenya’s central bank cuts benchmark rate
July 6th, 2012 - 2:14 pm ICT by IANS
Nairobi, July 6 (IANS) Kenya's Central Bank (CBK) has reduced its interest benchmark rate (CB Rate) to 16.5 percent from 18 percent to bring inflation towards the medium-term target and ... Read more...
Posted in Business |
Rupee hits a new low of 55.47 against dollar
May 22nd, 2012 - 8:49 pm ICT by IANS
Mumbai, May 22 (IANS) The Indian rupee Tuesday slipped to 55.47 against a dollar, hitting a fresh record low for the fifth session in a row, due to increased ... Read more...
Posted in Business |
South Korea’s central bank lowers 2012 growth outlook
December 9th, 2011 - 1:27 pm ICT by IANS
Seoul, Dec 9 (IANS) South Korea's central bank lowered Friday the country's economic growth outlook for 2012 to 3.7 percent from an earlier estimate of 4.6 percent, citing slower export ... Read more...
Posted in Business |
Global economic power shifting towards China: George Soros
November 16th, 2010 - 1:02 pm ICT by IANS
By Gurmukh Singh
Toronto, Nov 16 (IANS) Noted financier and philanthropist George Soros said here Monday that Beijing was tightening its grip on the world economy and global economic power was shifting ... Read more...
Posted in Business |
Industry lobby recommends interest rate cut
October 26th, 2008 - 3:16 pm ICT by IANS
New Delhi, Oct 26 (IANS) Leading industry body Confederation of Indian Industry (CII) Sunday came up with a set of recommendations, including further cut in key interest rates, to help the economy ... Read more...
Posted in Business |
Risk to Indian rupee persists: Moody’s
June 24th, 2008 - 6:29 pm ICT by IANS
New Delhi, June 24 (IANS) Downside risks to the Indian rupee still persists despite some suspected interventions in the foreign exchange market by the country's central bank, global ratings agency Moody's said ... Read more...
Posted in Business |
India’s external trade reflects globalisation: RBI chief
April 16th, 2008 - 10:08 pm ICT by admin
New York, April 16 (IANS) India's external trade in goods and services as a percentage of GDP is 48 percent, more than that of the US at 29 percent, indicative of India's ... Read more...
Posted in World |