global economic growth

Kenya’s apex bank cuts benchmark lending rate


September 6th, 2012 - 1:11 pm ICT by IANS
Nairobi, Sep 6 (IANS) Kenya's central bank CBK has slashed benchmark lending rate by 350 basis points to 13.0 percent from the previous 16.5 percent to allow more borrowing from ... Read more...

Posted in Business |

Sensex closes 129 points down; metal, power stocks slump (Roundup)


July 9th, 2012 - 6:44 pm ICT by IANS
Mumbai, July 9 (IANS) Amid negative global cues, a benchmark index for Indian equities markets closed 129 points lower Monday on profit booking ahead of the quarterly results.The 30-scrip ... Read more...

Posted in Business |

Indian rupee slips below 56 against the dollar


July 9th, 2012 - 4:29 pm ICT by IANS
Mumbai, July 9 (IANS) The Indian rupee slipped below 56 against the dollar Monday, the lowest level in more than a week, tracing similar weakness in other Asian currencies ... Read more...

Posted in Business |

Sensex closes 17 points down on growth worries (Roundup)


July 6th, 2012 - 8:07 pm ICT by IANS
Mumbai, July 6 (IANS) A benchmark index for the Indian equities markets Friday closed 17 points down on global growth concerns. Realty, metal and consumer durable stocks were the ... Read more...

Posted in Business |

Sensex falls on global economic growth worries


July 6th, 2012 - 3:00 pm ICT by IANS
Mumbai, July 6 (IANS) A benchmark index for the Indian equities markets fell 0.31 percent in the afternoon session Friday due to selling pressure in realty, metal and IT ... Read more...

Posted in Business |

Global FDI rises 16 percent: UN report


July 6th, 2012 - 8:12 am ICT by IANS
Vienna, July 6 (IANS) Despite the ongoing eurozone crisis, global foreign direct investment (FDI) increased by 16 percent to $1.536 trillion in 2011, a UN report said.According to "World Investment ... Read more...

Posted in Business |

‘US has enormous stake in India’s emergence as a global power’


June 13th, 2012 - 7:49 pm ICT by IANS
Washington, June 13 (IANS) Saying that US has enormous stake in India's emergence as a global power, President Barack Obama's top adviser on international economic issues has voiced US ... Read more...

Posted in Business |

Bank of Canada holds benchmark interest rate


June 6th, 2012 - 3:00 pm ICT by IANS
Ottawa, June 6 (IANS) Canada's central bank has kept its benchmark interest rate at 1 percent, which has been unchanged since September 2010, the longest period it has stayed neutral ... Read more...

Posted in Business |

Oil tumbles on weak US jobs report


June 2nd, 2012 - 4:51 am ICT by IANS
New York, June 2 (IANS) Crude prices tumbled Friday as weak US jobs report for May, weak manufacturing data from China, and a spiralling euro zone debt crisis deepened worries ... Read more...

Posted in Business |

BRICS to set up joint bank, backs dialogue on Iran, Syria (Roundup)


March 29th, 2012 - 8:52 pm ICT by IANS
New Delhi, March 29 (IANS) Seeking to reinforce their growing economic heft with diplomatic clout, the BRICS grouping Thursday pitched for a bigger voice in global governance institutions, including ... Read more...

Posted in Business |

BRICS to set up joint bank, for dialogue on Iran, Syria (Lead)


March 29th, 2012 - 7:56 pm ICT by IANS
New Delhi, March 29 (IANS) Seeking to reinforce their growing economic heft with diplomatic clout, the BRICS grouping Thursday pitched for a bigger say in global governance institutions, including ... Read more...

Posted in Uncategorized |

BRICS Summit - Facts at a glance


March 28th, 2012 - 4:24 pm ICT by IANS
India will host the 4th BRICS Summit in New Delhi on March 29. The theme of the summit is "BRICS Partnership for Global Stability, Security and Prosperity." A factfile on BRICS:* ... Read more...

Posted in Uncategorized |

Guard against crisis contagion, IMF tells Latin America


February 3rd, 2012 - 2:48 pm ICT by IANS
Washington, Feb 3 (IANS) The Latin America and Caribbean economies should be poised to take a string of steps including easing their monetary policies to guard against contagion risks triggered ... Read more...

Posted in Business |

`Asia has ample room to fight eurozone turmoil spillovers’


January 31st, 2012 - 1:35 pm ICT by IANS
Washington, Jan 31 (IANS) Key Asian economies, including China, still have ample policy action room to respond to spillovers of the escalating eurozone debt crisis, a senior official from the ... Read more...

Posted in Business |

IBSA calls for early conclusion of WTO Doha round


January 28th, 2012 - 6:44 pm ICT by IANS
Davos, Jan 28 (IANS) India, Brazil and South Africa have called for early conclusion of the Doha round of the World Trade Organisation (WTO) negotiations saying it would help boost ... Read more...

Posted in World |

World Bank lowers global economic growth rate


January 18th, 2012 - 6:06 pm ICT by IANS
Washington, Jan 18 (IANS) The World Bank Tuesday lowered its global economic growth rate forecast to 2.5 percent in 2012 from its previous estimate of 3.6 percent, amid risks triggered ... Read more...

Posted in Business |

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 |

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 |

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 |

Indonesia’s central bank cuts growth forecast


December 1st, 2011 - 4:06 pm ICT by IANS
Jakarta, Dec 1 (IANS) Bank Indonesia (BI), the central bank, lowered its forecast for economic growth in 2012 for a second time Wednesday on fears that ongoing problems in Europe ... Read more...

Posted in Uncategorized |

`China’s exports under pressure’


November 16th, 2011 - 2:22 pm ICT by IANS
Beijing, Nov 16 (IANS) China's exports are feeling the pressure from global economic uncertainties, trade protectionism and rising domestic costs, the authorities said Wednesday."We cannot be optimistic about the export ... Read more...

Posted in Business |

China’s imports set to double


November 11th, 2011 - 6:45 pm ICT by IANS
Geneva, Nov 11 (IANS) China's imports are likely to be more than double in the coming five years, exceeding $8 trillion.Yi Xiaozhun, China's permanent representative to the World Trade Organisation ... Read more...

Posted in Business |

Pakistan seeks cooperation with countries in South Asia


November 9th, 2011 - 12:35 pm ICT by IANS
Islamabad, Nov 9 (IANS) Pakistan has reiterated its commitment to regional cooperation under SAARC during a meeting held in Maldives.Foreign Secretary Salman Bashir represented Pakistan at the South Asian Association ... Read more...

Posted in World |

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 |

India, Asian economies will drive global growth: Ministers


October 4th, 2011 - 6:27 pm ICT by IANS
New Delhi, Oct 4 (IANS) Asia, and particularly India, will be the major driver of global economic growth for the better part of the next century, senior union ministers said ... Read more...

Posted in Business |

Sensex rises 149 points on positive European cues


September 6th, 2011 - 7:22 pm ICT by IANS
Mumbai, Sep 6 (IANS) A benchmark index for Indian equities markets closed 149 points higher in a volatile session Tuesday led by good buying support in energy and IT ... Read more...

Posted in Business |

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 |

Sensex closes 200 points up as futures expiry nears


August 22nd, 2011 - 6:17 pm ICT by IANS
Mumbai, Aug 22 (IANS) A benchmark index for Indian equities markets Monday closed 200 points higher as traders bought into stocks which fell during the recent sell-off. Analysts also attributed ... Read more...

Posted in Business |

India to lead global economic growth: OECD


June 13th, 2011 - 7:51 pm ICT by IANS
New Delhi, June 13 (IANS) India is poised to register strong economic growth in 2011 that will offset the impact of slowdown in some developed economies, Secretary General of ... Read more...

Posted in Business |

Global economy recovering steadily but risks remain: G20


April 16th, 2011 - 11:23 am ICT by IANS
Washington, April 16 (IANS/RIA Novosti) The global economic growth is increasing but there are still certain risks of a decline, the G20 finance ministers and central bankers have said in ... Read more...

Posted in Business |

BRICS countries continue to enjoy strong, sustained economic growth


April 14th, 2011 - 2:29 pm ICT by ANI
Sanya, Apr 14 (ANI): Leaders of Brazil, Russia, India, China and South Africa today said that BRICS countries will continue to enjoy strong and sustained economic growth.In a joint declaration here, the ... Read more...

Posted in World |

World economic recovery uneven, says Chinese Trade Minister


April 13th, 2011 - 8:14 pm ICT by ANI
By Naveen KapoorSanya, Apr 13 (ANI): Chinese Trade Minister Chen Deming on Wednesday said that after the global recession, the world economic recovery is still facing challenges in the form of ... Read more...

Posted in World |

BRICS worried over global economy uncertainty, vow to enhance coordination


April 13th, 2011 - 5:39 pm ICT by ANI
Sanya (China), Apr. 13 (ANI): A day ahead of the BRICS Summit to be held here, trade ministers of Brazil, Russia, India,China and South Africa met and unanimously agreed that uncertainty in ... Read more...

Posted in Business |

Sensex falls 0.77 percent on negative global cues (Lead)


March 10th, 2011 - 6:28 pm ICT by IANS
Mumbai, March 10 (IANS) A benchmark index for Indian equities markets ended 0.77 percent down Thursday on negative global cues as crude oil prices climbed raising concerns over global ... Read more...

Posted in Business |

« Previous Entries

Subscribe