global economy

Obama plays China card against Romney


September 18th, 2012 - 10:49 am ICT by IANS
Washington, Sep 18 (IANS) With just 50 days to go for what is expected to be a close presidential race, President Barack Obama played the China card against his Republican ... Read more...

Posted in Politics |

12th Plan growth projection lowered to 8.2 percent


September 14th, 2012 - 5:31 pm ICT by IANS
New Delhi, Sep 14 (IANS) The Planning Commission has lowered its estimate of annual average economic growth rate for the 12th Plan period (2012-13 to 2017-18) to 8.2 percent, from ... Read more...

Posted in Business |

UAE-China trade grows nearly 400 percent


September 10th, 2012 - 8:19 pm ICT by IANS
Abu Dhabi, Sep 10 (IANS/WAM) Trade between the UAE and China has increased five-fold in the past 10 years, achieving a growth rate of a whopping 395 percent to $15.65 ... Read more...

Posted in Uncategorized |

Chandy expects Left’s cooperation at ‘Emerging Kerala’ meet


September 10th, 2012 - 7:50 pm ICT by IANS
Thiruvananthapuram, Sep 10 (IANS) With just two days left for the staging of 'Emerging Kerala' - a programme to showcase Kerala to the world, Chief Minister Oommen Chandy is ... Read more...

Posted in Politics |

Canadian central bank keeps interest rate unchanged


September 6th, 2012 - 1:14 pm ICT by IANS
Ottawa, Sep 6 (IANS) The Bank of Canada has left its benchmark interest rate unchanged at 1 percent, but hinted an increase could come next year when growth of the ... Read more...

Posted in Business |

ASEAN economic ministers agree to deepen integration efforts


September 1st, 2012 - 12:39 am ICT by IANS
Siem Reap (Cambodia), Aug 31 (Xinhua) Association of Southeast Asian Nations (ASEAN) economic ministers agreed Friday to deepen the bloc's integration efforts towards realising an ASEAN Economic Community by 2015, officials ... Read more...

Posted in World |

Text of Prime Minister’s Independence Day speech


August 15th, 2012 - 9:53 am ICT by IANS
New Delhi, Aug 15 (IANS) Text of Prime Minister Manmohan Singh's speech on India's Independence Day from the Red Fort:My dear countrymen, brothers, sisters and dear children,I greet you ... Read more...

Posted in Politics |

China’s largest gold miner posts gloomy results


August 11th, 2012 - 1:02 pm ICT by IANS
Beijing, Aug 11 (IANS) Zijin Mining Group Co., China's largest gold producer by output, Saturday said its net profits slumped 19.95 percent year-on-year in the first half of 2012 as ... Read more...

Posted in Business |

S&P; cuts ArcelorMittal ratings to junk status


August 3rd, 2012 - 5:49 pm ICT by IANS
London, Aug 3 (IANS) Ratings agency Standard & Poor's Friday cut Lakshmi Mittal-led steel firm ArcelorMittal's ratings to junk, saying the slowdown in the global economy, especially in Europe, ... Read more...

Posted in Business |

Japan’s factory output drops


July 30th, 2012 - 2:55 pm ICT by IANS
Tokyo, July 30 (IANS) Japan's industrial output was down 0.1 percent in June from the previous month, marking the third consecutive month of contraction, a government report said Monday.The index ... Read more...

Posted in Business |

China’s economy expected to pick up


July 26th, 2012 - 4:05 pm ICT by IANS
Beijing, July 26 (IANS) China's economic growth has bottomed out and will pick up in the second half of this year on government monetary and fiscal support as well as ... Read more...

Posted in Uncategorized |

China’s economy on path for soft landing: IMF (Lead)


July 25th, 2012 - 2:56 pm ICT by IANS
Washington, July 25 (IANS) China's economy may be undergoing a soft landing despite growing global headwinds, and China is well placed to respond to possible deterioration of external environment, the ... Read more...

Posted in Business |

McDonald’s net income goes down


July 24th, 2012 - 1:06 pm ICT by IANS
Chicago, July 24 (IANS) McDonald's Corp. reported Monday a four-percent year-over-year profit decline for the 2012 second quarter as a higher US dollar and slowing global economy affected company performance.According ... Read more...

Posted in Business |

Canadian benchmark interest rate remains at one percent


July 18th, 2012 - 1:58 pm ICT by IANS
Ottawa, July 18 (IANS) A deteriorating global economy prompted Canada's central bank to leave its benchmark interest rate unchanged at one percent Tuesday.The deceleration in growth for China and other ... Read more...

Posted in Business |

`BRICS investment in South Africa mining sector to grow’


July 14th, 2012 - 2:40 pm ICT by IANS
Johannesburg, July 14 (IANS) The BRICS investment in South Africa mining sector is set to increase in the next few years despite an ongoing nationalization debate, BRICS Africa Portfolio director ... Read more...

Posted in Business |

China’s growth at its three year low


July 13th, 2012 - 12:19 pm ICT by IANS
Beijing, July 13 (IANS) Chinese economy has recorded the lowest growth since 2009, amid concerns over slowdown of the world's second-largest economy.China's economy reported 7.6 percent of growth in the ... Read more...

Posted in Business |

OPEC expects increase in 2013 world crude oil demand


July 12th, 2012 - 1:22 pm ICT by IANS
Vienna, July 12 (IANS) The world crude oil demand would remain stable in 2013 and reach 89.50 million barrels per day, up by 0.9 percent from 2012, the Organization of ... Read more...

Posted in Business |

‘Dr Doom’ Nouriel Roubini says that the ‘perfect storm’ is brewing now


July 10th, 2012 - 8:06 pm ICT by Aishwarya Bhatt
New York, July 10 (THAINDIAN NEWS) Dr Doom – Nouriel Roubini may have gotten it right after all. He had predicted about a ‘perfect storm’ and now he says that it is ... Read more...

Posted in Business |

South Korea’s auto production grows


July 10th, 2012 - 3:52 pm ICT by IANS
Seoul, July 10 (IANS) South Korea's automobile production grew 3.4 percent in the first half of this year due to brisk exports that offset sluggish domestic demand, a government report ... 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 |

Government cautious as New Zealand deficit below forecast


July 6th, 2012 - 1:55 pm ICT by IANS
Wellington, July 6 (IANS) The New Zealand government Friday welcomed "encouraging" indications of a shrinking deficit, but sounded a cautious note over the state of the global economy.Figures released by ... Read more...

Posted in Business |

US stocks mixed amid disappointing data (Lead)


July 6th, 2012 - 10:19 am ICT by IANS
New York, July 6 (IANS) US stocks ended mixed Thursday amid disappointing economic data and investors' concerns over the economy.A round of mixed economic data released Thursday together with actions ... Read more...

Posted in Business |

US stocks wobble despite rate cuts


July 6th, 2012 - 4:46 am ICT by IANS
New York, July 6 (IANS) US stocks wobbled around the breakeven line Thursday, as rate cuts in both China and Europe failed to ignite the market.The European Central Bank cut ... Read more...

Posted in Business |

World Bank must help tackle global growth risks: New chief


July 3rd, 2012 - 1:41 pm ICT by IANS
Washington, July 3 (IANS) The World Bank has an economic and moral imperative to help address risks to global growth, no matter where they emerge, new World Bank group president ... Read more...

Posted in Business |

Indian MPs go to Yale to learn leadership issues


June 28th, 2012 - 10:29 am ICT by IANS
Washington, June 28 (IANS) Eleven Indian parliamentarians from seven national and regional parties are here for interactions with senior US government officials and thought leaders as part of a ... Read more...

Posted in Politics |

DLF chairman named ‘Indian Business Leader’


June 26th, 2012 - 5:58 pm ICT by IANS
New Delhi, June 26 (IANS) Realty major DLF chairman K.P Singh has been conferred the 'Indian Business Leader' of the year award at the Horasis global India business meeting held ... Read more...

Posted in Uncategorized |

IKEA to invest $1.9 billion in India


June 22nd, 2012 - 7:36 pm ICT by IANS
New Delhi, June 22 (IANS) Sweden-based IKEA, the world's largest furniture maker, will invest around $1.9 billion (Rs.10,500 crore) in opening 25 retail stores in India, Commerce and Industry Minister ... Read more...

Posted in Business |

Putin calls for 27 percent GDP investment by 2018


June 22nd, 2012 - 6:22 am ICT by IANS
Moscow, June 22 (IANS/RIA Novosti) Russia should increase investment from its current level of 20 percent of GDP to 27 percent by 2018, President Vladimir Putin has said.Addressing at the ... Read more...

Posted in World |

G-20 Summit Declaration


June 20th, 2012 - 11:07 am ICT by IANS
Text of the G-20 Summit declaration in Los Cabos, Mexico, June 18-19: 1. We, the Leaders of the G20, convened in Los Cabos on 18-19 June 2012.2. We are united in our ... 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 |

New Democracy party asked to form Greek government (Lead)


June 18th, 2012 - 8:15 pm ICT by IANS
Athens, June 18 (IANS) Greece President Karolos Papoulias has tasked Antonis Samaras, head of the conservative New Democracy party, with forming a government, the Greek state television reported Monday.Voting was ... Read more...

Posted in Politics |

Greece votes on EU bailout


June 17th, 2012 - 5:35 pm ICT by IANS
Athens, June 17 (IANS) Voting began Sunday for crucial elections in Greece that are expected to determine the country's future in the Eurozone, with the main contenders being the right-wing ... Read more...

Posted in Uncategorized |

‘S&P; take on India has no traction in BRICS’


June 16th, 2012 - 11:03 pm ICT by IANS
On Board Air India One, June 16 (IANS) The warning of a ratings downgrade of India by Standard and Poor's neither impacts on its standing in BRICS, nor undermines ... Read more...

Posted in World |

Will seek support of all concerned: Pranab


June 16th, 2012 - 6:16 pm ICT by IANS
Mumbai, June 16 (IANS) Union Finance Minister and presidential candidate Pranab Mukherjee Saturday reiterated he would seek "the support of all concerned" in his journey to the country's highest ... Read more...

Posted in Politics |

PM to press for resolute action on eurozone crisis (Lead)


June 16th, 2012 - 1:36 pm ICT by IANS
New Delhi, June 16 (IANS) Ahead of his eight-day overseas tour to attend the G-20 and the Rio+20 summits in Mexico and Brazil, Prime Minister Manmohan Singh Saturday flagged ... Read more...

Posted in Environment |

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