global credit crunch

Industry split over tightening of foreign borrowing norms


December 10th, 2009 - 7:03 pm ICT by IANS
New Delhi, Dec 10 (IANS) Leading industry lobbies Thursday differed over the central bank's decision to tighten foreign borrowing norms on the ground that the liquidity crunch has eased considerably and it ... Read more...

Posted in Business |

Capital inflows in line with need: Apex bank


December 10th, 2009 - 6:51 pm ICT by IANS
Kolkata, Dec 10 (IANS) Reserve Bank of India (RBI) Governor Duvvuri Subbarao Thursday said capital inflows into India were in line with the country's need and that there was no concern over ... Read more...

Posted in Business |

Volkswagen to buy a 49.9% stake in Porsche


October 22nd, 2009 - 1:22 am ICT by Aishwarya Bhatt
Wolfsburg, Oct 21 (THAINDIAN NEWS) In a major deal between automobiles companies, Europe's largest carmaker, Volkswagen, has said that it is going to buy 49.9% of sports car maker Porsche by ... Read more...

Posted in Business |

Russian arms exports to increase by $800 mn in 2009


May 27th, 2009 - 10:02 pm ICT by IANS
Moscow, May 27 (RIA Novosti) Russian arms exports are expected to increase by $700-$800 millon in 2009 despite the global credit crunch and considerable fall in arms purchase by India and China, ... Read more...

Posted in Business |

World’s largest model train set


March 27th, 2009 - 3:08 pm ICT by Amrit Rashmisrisethi
A miniature world, that snakes up on 12 kilometers or eight mile of track, amid fields, cities, even the snowcapped Swiss Alps, its billed as the world's largest model train set. Recently ... Read more...

Posted in Business, Life Style |

India likely to consider foreign stake in domestic airlines: Praful Patel


January 14th, 2009 - 2:57 pm ICT by ANI
New Delhi, Jan 14 (ANI): Civil Aviation Minister Praful Patel today hinted at the possible buying of stakes in domestic aviation sector by foreign airlines. Speaking to reporters on the sidelines of ... Read more...

Posted in National |

India’s growth will be confined to 6 percent: Moody’s


January 8th, 2009 - 3:18 pm ICT by IANS
New Delhi, Jan 8 (IANS) India's economic growth will decelerate considerably this year on account of weakening consumption, investments and exports, according to Moody's Economy.com, a subsidiary of global rating agency Moody's. ... Read more...

Posted in Uncategorized |

Dubai’s dream shattered


January 6th, 2009 - 1:52 pm ICT by Amrit Rashmisrisethi
In the recent years over a massive expansion in Dubai , the country which provided jobs for millions, is not facing the global financial meltdown and the dream for many people as ... Read more...

Posted in Business |

Queen to pay tribute to Mumbai terror victims in Christmas broadcast


December 24th, 2008 - 3:23 pm ICT by IANS
London, Dec 24 (IANS) Capping a sombre year, the British Queen is to express sympathy with victims of the global credit crunch and “extremist violence” in Mumbai in her Christmas Day message ... Read more...

Posted in Politics |

Azerbaijan may cut oil production


December 17th, 2008 - 6:33 pm ICT by IANS
Oran (Algeria), Dec 17 (RIA Novosti) Azerbaijan is ready to slash oil output by 300,000 barrels per day (bpd) if the Organization of the Petroleum Exporting Countries (Opec) announces production cuts on ... Read more...

Posted in World |

Russia may cut oil output by 300,000 barrels a day


December 15th, 2008 - 6:16 pm ICT by IANS
Moscow, Dec 15 (RIA Novosti) Russia may cut oil production by up to 300,000 barrels a day if it joins expected output reduction policy of the Organization of Petroleum Exporting Countries (Opec), ... Read more...

Posted in Uncategorized |

8 in 10 fans love to discuss football: Survey


December 11th, 2008 - 11:38 am ICT by ANI
London, Dec.11 (ANI): A new survey of soccer fans around the globe reveals the beautiful game is a regular topic of conversation for more than eight out of ten of them. ... Read more...

Posted in Life Style |

Economic slump sends condom sales soaring in UK!


December 3rd, 2008 - 5:08 pm ICT by ANI
London, December 3 (ANI): Despite global credit crunch, condom sales in the UK have shot up as affected couples prefer to spend their nights within the four walls.While Durex saw a ... Read more...

Posted in National |

Recession-inspired Christmas cards flying off shelves in UK!


December 3rd, 2008 - 4:24 pm ICT by ANI
London, Dec 3 (ANI): Besides peoples lives, the global credit crunch has left a mark on this years Christmas greetings too cards wishing people a Great Depression are flying off the ... Read more...

Posted in National |

Global credit crunch forcing Aussie women into brothels


December 3rd, 2008 - 2:18 pm ICT by ANI
Brisbane, Dec 3 (ANI): In the next one year, the number of prostitutes in Queensland will skyrocket as more Aussie women are getting into the legal and illegal sex industry owing ... Read more...

Posted in National |

British Airways in merger talks with Qantas


December 3rd, 2008 - 1:51 pm ICT by IANS
London, Dec 3 (IANS) In a bid to tackle the global credit crunch, British Airways (BA) is in merger talks with major international carriers, Australia's Qantas in particular, to create a global ... Read more...

Posted in Uncategorized |

EU ministers agree to increase bank deposit guarantees


December 2nd, 2008 - 8:31 pm ICT by IANS
Brussels, Dec 2 (DPA) European Union (EU) finance ministers agreed Tuesday to raise the minimum level of bank deposit guarantees for their citizens, from 20,000 euros ($25,000) to 100,000 euros by the ... Read more...

Posted in World |

Madge, Macca scrap Aussie tour dates in wake of recession


November 30th, 2008 - 2:01 pm ICT by ANI
Melbourne, Nov 30 (ANI): Owing to the global credit crunch, superstars including Madonna, Paul McCartney and Neil Diamond have scrapped Australian tour plans.According to reports, Madonna was scheduled to perform at ... Read more...

Posted in Entertainment |

India’’s economic future under threat after Mumbai terror strikes: Experts


November 29th, 2008 - 4:51 pm ICT by ANI
New Delhi, Nov.29 (ANI): The terrorist siege in Mumbai is likely to threaten Indias economic future, economists and investors said. Indias economy had already been slowing significantly, because of the global ... Read more...

Posted in National |

European economic confidence hits historic low


November 27th, 2008 - 8:19 pm ICT by IANS
Berlin, Nov 27 (DPA) European economic sentiment slumped to an historic low in November, a key indicator released Thursday showed, amid signs that the slowdown in the global economy is gaining momentum.The ... Read more...

Posted in World |

EU calls for $260 bn economic stimulus plan


November 27th, 2008 - 12:45 am ICT by IANS
Brussels, Nov 26 (DPA) The European Union Wednesday called on member states to help the bloc avoid a deep recession by mobilizing 200 billion euros ($260 billion) in extra spending and tax ... Read more...

Posted in World |

EU unveils $260-billion recovery plan


November 26th, 2008 - 7:44 pm ICT by IANS
Brussels, Nov 26 (DPA) President of the European Commission, the executive arm of the European Union (EU), Jose Manuel Barroso Wednesday unveiled a 200-billion-euro ($260 billion) economic recovery plan designed to help ... Read more...

Posted in Business |

No Christmas gravy for Europe’s ailing carmakers


November 20th, 2008 - 10:11 am ICT by IANS
Brussels, Nov 20 (DPA) Ah, the style of an Italian Ferrari, the solidity of a German Mercedes, the flair of a French Renault!The car industry is not only Europe's pride and joy, ... Read more...

Posted in World |

Russia, China to resume talks on $25 bn loan


November 18th, 2008 - 6:05 pm ICT by IANS
Novy Urengovy (Russia), Nov 18 (RIA Novosti) Russia and China will soon resume talks on two loans to major Russian oil companies worth $25 billion, Russian energy minister Sergei Shmatko said Tuesday. ... Read more...

Posted in World |

EU threatens to take US to court over auto industry support


November 15th, 2008 - 12:20 am ICT by IANS
Brussels, Nov 14 (DPA) The European Commission Friday threatened to refer the US to the World Trade Organization (WTO) over Washington's plans to subsidise its ailing car industry."Of course, if it ... Read more...

Posted in Uncategorized |

Russia must develop ways to influence world oil prices: Putin


November 11th, 2008 - 3:25 am ICT by IANS
Moscow, Nov 11 (RIA Novosti) Russian Prime Minister Vladimir Putin has said Moscow must develop a set of measures to influence world oil prices. "As a major exporter and producer of crude ... Read more...

Posted in Uncategorized |

Mining in India a cushion for Oz firms from global financial crisis


November 7th, 2008 - 3:29 pm ICT by ANI
Sydney , Nov 7 (ANI): Amid the ongoing global financial crisis, the growing demand for resources and mining expertise in India has given a ray of hope for the Aussies mining ... Read more...

Posted in National |

Russian government to buy stocks to ease credit crunch


October 30th, 2008 - 5:59 pm ICT by IANS
Astana (Russia), Oct 30 (RIA Novosti) Russia's state-controlled bank Vnesheconombank (VEB) will invest up to five billion rubles ($184.5 million) daily to buy stocks in the Russian bourses to ease the effects ... Read more...

Posted in Uncategorized |

Danish low-cost airline Sterling to file for bankruptcy


October 29th, 2008 - 2:55 pm ICT by IANS
Copenhagen, Oct 29 (DPA) Low-cost Danish airline Sterling Airlines announced Wednesday it was to file for bankruptcy and has grounded all flights stranding thousands of passengers.In a statement on its website, the ... Read more...

Posted in World |

France’s sovereign wealth fund to boost economic security


October 28th, 2008 - 10:50 am ICT by IANS
Paris, Oct 28 (Xinhua) France's plan to create a sovereign wealth fund is a part of the country's efforts to guarantee its economic security in the current world financial crisis.The fund, announced ... Read more...

Posted in Uncategorized |

Global credit crunch threatens discovery of new drugs


October 27th, 2008 - 1:33 pm ICT by IANS
Washington, Oct 27 (IANS) The current global financial crunch could nix the discovery and production of many new life-saving medicines, experts have warned.Investment into research for new drugs - which runs into ... Read more...

Posted in Sci-Tech |

US stocks fall sharply on ongoing recession fears


October 25th, 2008 - 5:39 am ICT by IANS
Washington, Oct 25 (DPA) US stock indices posted steep drops Friday, plunging more than 3.5 percent to end another week of uncertainty over the state of the global economy.The sell-off in New ... Read more...

Posted in Uncategorized |

Banks in UAE injected with first tranche of liquidity


October 22nd, 2008 - 10:40 am ICT by IANS
Dubai, Oct 22 (IANS) The United Arab Emirates' (UAE) finance ministry has injected the first tranche of 25 billion dirhams ($6.8 billion) into national banks in the country to boost liquidity and ... Read more...

Posted in World |

Russia announces new measures to tackle credit crisis


October 18th, 2008 - 2:47 pm ICT by IANS
Moscow, Oct 18 (RIA Novosti) The Russian government Saturday announced a range of measures to boost the country's economy rattled by the global credit crunch, including state funds to support housing demand, ... Read more...

Posted in Business |

UAE bourse advises investors to go for exchange traded funds


October 16th, 2008 - 6:10 pm ICT by IANS
Abu Dhabi, Oct 16 (IANS) Even as mayhem prevailed in Gulf markets along with the rest of the world, the Abu Dhabi Securities Exchange (ADX) said Thursday it believes exchange-traded funds (ETFs) ... Read more...

Posted in Business |

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