global crisis

Russia prepared for second global crisis: Putin


September 7th, 2012 - 9:03 am ICT by IANS
Moscow, Sep 7 (IANS/RIA Novosti) Russia is better prepared for a second global financial crisis, President Vladimir Putin has said."I believe we are even better prepared because we've already experienced ... Read more...

Posted in World |

`Brazil withstanding worst year of global crisis’


August 31st, 2012 - 12:21 pm ICT by IANS
Brasilia, Aug 31 (IANS/EFE) Brazil's finance minister said Thursday that Latin America's largest economy is holding up well amid the "worst year" of the global economic crisis and that its ... Read more...

Posted in Business |

South Korean conglomerates see economy worse than 2008


August 22nd, 2012 - 1:17 pm ICT by IANS
Seoul, Aug 22 (IANS) A majority of South Korean conglomerates were seeing current economic conditions worse than those in 2008 when the global financial crisis occurred, a poll showed Wednesday.According ... Read more...

Posted in Business |

Brazil unveils $57 bn agricultural loan programme


June 29th, 2012 - 11:40 am ICT by IANS
Brasilia, June 29 (IANS/EFE) President Dilma Rousseff Thursday unveiled a 115-billion-reais ($57 billion) loan programme aimed at reinforcing agriculture's role as a lever of Brazilian economic growth.Rousseff defined the plan ... Read more...

Posted in Business |

India pledges $10 bn to IMF for Eurozone


June 19th, 2012 - 8:03 am ICT by IANS
Los Cabos (Mexico), June 19 (IANS) India Monday pledged $10 billion to the International Monetary Fund (IMF) to help Eurozone countries out of the current crisis and prevent adverse fallout ... Read more...

Posted in Business |

‘India more vulnerable, World in deep trouble’ (Roundup)


June 18th, 2012 - 10:15 pm ICT by IANS
Los Cabos (Mexico), June 18 (IANS) India has far less ammunition now than in 2008 to contain the fallout if the current global economic instability precipitates, Indian interlocutors have ... Read more...

Posted in World |

‘World in deep trouble, India more vulnerable’


June 18th, 2012 - 10:29 am ICT by IANS
Los Cabos (Mexico), June 18 (IANS) If the current global economic instability precipitates, India has far less ammunition now, than in 2008, to contain its fallout, Indian interlocutors said ... Read more...

Posted in Business |

Governments need to regain citizens’ trust: OECD chief


May 22nd, 2012 - 5:51 pm ICT by IANS
Paris, May 22 (IANS) The biggest challenge for governments today is to regain the trust of their citizens in the wake of the global financial crisis, Organisation of Economic Cooperation ... Read more...

Posted in Business |

India calls for integrated action to secure growth


April 22nd, 2012 - 2:11 am ICT by IANS
Washington, April 22 (IANS) India has called for an "integrated and interconnected" response to global developments anchored by the International Monetary Fund (IMF) to effectively secure growth in an ... Read more...

Posted in Business |

Some positives in budget, says India Inc; displeased with taxes


March 16th, 2012 - 9:40 pm ICT by IANS
New Delhi, March 16 (IANS) The budget for 2012-13 elicited mixed response from India Inc Friday, with some appreciating the government's efforts at fiscal consolidation and incentivising growth while others ... Read more...

Posted in Business |

Indian economy recovering, time for hard decisions: Mukherjee (Third Lead)


March 16th, 2012 - 2:02 pm ICT by IANS
New Delhi, March 16 (IANS) With an assurance that there were clear signs of an economic recovery in India, Finance Minister Pranab Mukherjee Friday started presenting what was his ... Read more...

Posted in Uncategorized |

India’s growth disappointing, but recovering: Mukherjee (Second Lead)


March 16th, 2012 - 12:53 pm ICT by IANS
New Delhi, March 16 (IANS) Finance Minister Pranab Mukherjee Friday said the growth of the Indian economy estimated at 6.9 percent during this fiscal year was "disappointing" as he ... Read more...

Posted in Uncategorized |

South Korea’s short-term foreign debts hit four-year low


February 21st, 2012 - 3:53 pm ICT by IANS
Seoul, Feb 21 (IANS) South Korea's short-term foreign debts hit a nearly four-year low last year as local lenders paid back external debts with long-term funds borrowed from overseas, the ... Read more...

Posted in Business |

Coca-Cola plans to invest $1 bn in Mexico in 2012


January 30th, 2012 - 11:29 am ICT by IANS
Davos, Jan 30 (IANS/EFE) The Coca-Cola Co. plans to invest $1 billion in its operations in Mexico this year as part of a $5 billion long-term investment plan, CEO Muhtar ... Read more...

Posted in Business |

Anti-crisis measures cost Russia about $100 bn : Putin


January 18th, 2012 - 8:22 am ICT by IANS
Moscow, Jan 18 (IANS/RIA Novosti) Russian authorities have spent 3 trillion rubles ($95 billion) on anti-crisis measures, Prime Minister Vladimir Putin said."Overall, we have spent 3 trillion rubles on anti-crisis ... Read more...

Posted in World |

Global crisis is systemic: Putin


January 16th, 2012 - 4:57 pm ICT by IANS
Moscow, Jan 16 (IANS/RIA Novosti) The world is facing a serious systemic crisis, Russian Prime Minister Vladimir Putin said in an article published on his election website and in the ... Read more...

Posted in Politics |

Be responsible human beings: Dalai Lama


December 31st, 2011 - 11:16 am ICT by IANS
Moscow, Dec 31 (IANS/RIA Novosti) Tibetan spiritual leader the Dalai Lama has called on people to be responsible human beings, to think more of the entire world they live in, ... Read more...

Posted in Uncategorized |

Rupee rebounds as new RBI norms check volatility


December 16th, 2011 - 4:48 pm ICT by IANS
Mumbai, Dec 16 (IANS) Helped by fresh guidelines unveiled by the Reserve Bank of India, the Indian rupee rose in Friday trade on fresh selling of dollars.The rupee rose ... Read more...

Posted in Business |

RBI intervenes as rupee slides to new low (Roundup)


December 15th, 2011 - 8:27 pm ICT by IANS
New Delhi, Dec 15 (IANS) Under pressure from the global financial uncertainty and weak domestic economic data, the Indian rupee sank to a record low for the fourth straight ... Read more...

Posted in Business |

Rupee slides to new low at 54.30 against dollar


December 15th, 2011 - 2:36 pm ICT by IANS
New Delhi, Dec 15 (IANS) The Indian rupee sank to a record low for the fourth straight day Thursday hitting 54.30 against a dollar in early trade, as importers ... Read more...

Posted in Business |

`Rising risk of Eurozone-US recession threaten Asian economies’


December 6th, 2011 - 2:53 pm ICT by IANS
Manila, Dec 6 (IANS) Economic growth in emerging East Asia will continue to moderate in 2012 as growing sovereign debt problems in Europe and an anaemic US economy raise the ... Read more...

Posted in Business |

Indonesian economy may rise 6.7 percent in Q4


November 25th, 2011 - 1:27 pm ICT by IANS
Jakarta, Nov 25 (IANS) Indonesia's economy could grow by 6.7 percent in the fourth quarter should the government speed up spending amid high investment and consumption, Asian Development Bank (ADB) ... Read more...

Posted in Business |

Indonesian imports increase by 56.4 percent in September


November 2nd, 2011 - 10:56 pm ICT by BNO News
JAKARTA, INDONESIA (BNO NEWS) -- Indonesian imports increased by 56.4 percent in September when compared to the same period last year, reaching a total value of $15.1 billion, officials said on Wednesday.The ... Read more...

Posted in Business |

India returns to slower 7-8 percent growth trend : World Bank


October 19th, 2011 - 10:13 pm ICT by IANS
Washington, Oct 19 (IANS) After recording 8.5 percent growth in fiscal 2010-11, India's economic growth is likely to slowdown to 7-8 percent in the next two years, according to the ... Read more...

Posted in Business |

Russia should save for rainy day: IMF official


September 28th, 2011 - 11:02 am ICT by IANS
Moscow, Sep 28 (IANS/RIA Novosti) Russia should "start saving for a rainy day", IMF mission chief for Russia Juha Kahkonen said in an interview.Russia's non-oil budget deficit currently stands at ... Read more...

Posted in Business |

IMF calls for action to handle global crisis


September 25th, 2011 - 5:18 am ICT by IANS
Washington, Sep 25 (IANS) The International Monetary Fund (IMF) has called on world leaders to implement measures available to deal with the "dangers confronting the global economy", Xinhua reported.There was ... Read more...

Posted in Uncategorized |

Concerted efforts needed to tackle global crisis: IMF


September 23rd, 2011 - 4:03 am ICT by IANS
Washington, Sep 23 (IANS) The International Monetary Fund (IMF) has urged global leaders to act in synchronism, as the world economy has entered into new dangerous phase, Xinhua reported Friday.Speaking ... Read more...

Posted in World |

Indian economy to grow 8.1 percent in 2011: UNCTAD


September 6th, 2011 - 5:14 pm ICT by IANS
New Delhi, Sep 6 (IANS) India's economic growth rate is likely to climb down to 8.1 percent in 2011 from 8.6 percent in the previous year due to slowdown in ... Read more...

Posted in Business |

Economic slowdown may dent capital flows in Asia: ADB


September 1st, 2011 - 2:28 pm ICT by IANS
Seoul, Sep 1 (IANS) Severe economic slowdown in major economies such as the US and Europe could destabilise capital flows in East Asian economies, a senior Asian Development Bank (ADB) ... Read more...

Posted in Business |

Mexico’s economy to grow 4.5 percent: IMF


August 9th, 2011 - 11:32 am ICT by IANS
Washington, Aug 9 (IANS/EFE) Mexico's economy has rebounded from the global economic crisis and will grow about 4.5 percent this year, while "inflation has remained benign", said the International Monetary ... Read more...

Posted in Business |

A global crisis but Indian economy strong: Mukherjee (Lead)


August 6th, 2011 - 9:56 pm ICT by IANS
New Delhi, Aug 6 (IANS) In the backdrop of a global meltdown of stock markets, which also rocked Dalal Street, and a ratings downgrade of US, Finance Minister Pranab ... Read more...

Posted in Business |

Mexico: Almost 50 percent of population lives in poverty


July 30th, 2011 - 12:14 am ICT by BNO News
MEXICO CITY (BNO NEWS) -- Mexico's poverty rate jumped from 44.5 percent to 48.8 percent from 2008 to 2010, according to a report released on Friday by the National Political and Social ... Read more...

Posted in World |

Plan panel hints at 9-9.5 percent growth in 12th Plan


June 10th, 2011 - 11:32 pm ICT by IANS
Bangalore, June 10 (IANS) The Planning Commission is set to target GDP growth of 9-9.5 percent for the 12th Five Year Plan (2012-17) period as 10 percent growth does not ... Read more...

Posted in Business |

IMF monitoring to avert future financial crisis


April 17th, 2011 - 10:58 am ICT by IANS
Washington, April 17 (IANS) International Monetary Fund (IMF) member countries including India have agreed to expand and deepen its surveillance of the global economy to identify largest systematic risks to ... Read more...

Posted in Business |

India, Brazil attract largest equity inflows: IMF


April 13th, 2011 - 8:18 pm ICT by IANS
Washington, April 13 (IANS) India and Brazil attracted the largest equity inflows to emerging markets as global financial stability improved over the last six months but fragilities remain, according to ... Read more...

Posted in World |

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