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  • AP: Thailand postpones ASEAN regional summit from December until March because of political crisis.
  • AP: Indian foreign minister demands Islamabad hand over dozens of suspected terrorists believed living in Pakistan.
  • AP: Thai Constitutional Court dissolves third party in ruling coalition for electoral fraud.
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  • AP:Thai Constitutional Court bans prime minister, 36 party executives from politics for 5 years.
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global economy

Indian equities decline as US confirms recession

Indian equities decline as US confirms recession

December 2nd, 2008 - 1:54 pm ICT by IANS -
Mumbai, Dec 2 (IANS) A key Indian market index was ruling some 3.5 percent lower during intra-day trading Tuesday, with sentiments dampened by the US officially confirming a recession in the world's ...

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Nikkei down five percent on concerns over global economy

December 2nd, 2008 - 10:05 am ICT by IANS -
Tokyo, Dec 2 (Xinhua) Tokyo stocks opened sharply lower Tuesday morning with the key Nikkei index sinking 5.16 percent and falling below the 8,000 mark due to growing market concerns over the ...

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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 ...

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Merkel sees economic upturn in 2010 after gloomy 2009

November 27th, 2008 - 12:09 am ICT by IANS -
Berlin, Nov 26 (DPA) German Chancellor Angela Merkel said Wednesday that 2009 would be a gloomy year for Europe's largest economy, but predicted the situation would improve in 2010."Germany is very strong," ...

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Financial crisis likely to cause wage cuts worldwide: ILO

November 26th, 2008 - 9:43 am ICT by IANS -
Geneva, Nov 26 (DPA) The International Labour Organisation (ILO) warned Tuesday that millions of workers worldwide would likely see an reduction in their wages in 2009 due to the global financial crisis.In ...

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Tony Blair vows for a coordinated effort to tackle global meltdown

November 22nd, 2008 - 9:34 pm ICT by ANI -
New Delhi, Nov 22 (ANI): Former British prime minister Tony Blair vowed for a coordinated effort to deal with present global economic crisis, here on Saturday. Blair was addressing a news conference ...

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Sonia Gandhi, Manmohan Singh confident about India minimising global meltdown impact

Sonia Gandhi, Manmohan Singh confident about India minimising global meltdown impact

November 21st, 2008 - 2:04 pm ICT by ANI -
New Delhi, Nov.21 (ANI): The Prime Minister, Dr. Manmohan Singh, and the Chairperson of the ruling United Progressive Alliance (UPA), Sonia Gandhi, on Friday said that India had the capability to ...

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Japan’s economy slides into recession (Lead)

November 17th, 2008 - 2:56 pm ICT by IANS -
Tokyo, Nov 17 (DPA) Japan's economy shrank at an annualized rate of 0.4 percent in real terms in the July-September period, the government said Monday.The gross domestic product (GDP) fell 0.1 percent ...

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Japan’s economy sinks into recession

November 17th, 2008 - 1:33 pm ICT by IANS -
Tokyo, Nov 17 (Xinhua) Japan sank into its first recession in seven years in the July-September quarter as the global financial crisis took a heavy toll on the world's second largest economy ...

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Manmohan Singh bats for developing economies at G-20 summit

November 16th, 2008 - 7:00 pm ICT by ANI -
Onboard Air India One, Nov 16 (ANI): Prime Minister Dr. Manmohan Singh batted for developing economies at the G-20 summit. Addressing a news conference onboard Air India One, while returning from Washington ...

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Ban greets G20 agreement, welcomes advances for emerging economies

November 16th, 2008 - 1:12 pm ICT by IANS -
New York, Nov 16 (DPA) UN Secretary General Ban Ki-moon Saturday welcomed the agreement reached by the leaders of the Group of 20 nations to better regulate global financial markets.Ban praised "the ...

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Montek Singh Ahluwalia hopes G20 summit boosts confidence in global economic situation

Montek Singh Ahluwalia hopes G20 summit boosts confidence in global economic situation

November 15th, 2008 - 3:09 pm ICT by ANI -
By Ravinder Singh Robin Washington, Nov 15 (ANI): Planning Commission Deputy Chairman Montek Singh Ahluwalia has expressed the hope that the G20 summit on the global economy and financial markets would end ...

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Manmohan Singh leaves for US to attend G-20 Summit

Manmohan Singh leaves for US to attend G-20 Summit

November 13th, 2008 - 7:54 pm ICT by ANI -
New Delhi, Nov 13 (ANI): Prime Minister Dr. Manmohan Singh today left for Washington to attend the G-20 summit. Dr. Singh was accompanied by the Finance Minister P. Chidambaram and the ...

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SAP unsure of meltdown impact on its operations

November 12th, 2008 - 10:15 pm ICT by IANS -
Bangalore, Nov 12 (IANS) Global enterprise software major SAP AG Wednesday said it was yet to assess the impact of global economic slowdown and financial crisis in the US on its operations ...

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ArcelorMittal to idle Romanian plant

November 11th, 2008 - 11:45 pm ICT by IANS -
Bucharest, Nov 11 (DPA) ArcelorMittal, the world's largest steelmaker, will idle one of its four Romanian plants because of falling global demand, it was reported Tuesday.The plant at Hunedoara will halt production ...

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IMF: Chinas Growth to fall from 9.3 percent to 8.5 percent

November 8th, 2008 - 4:59 pm ICT by ANI -
Washington, Nov.8 (ANI): The International Monetary Fund (IMF) has cut its forecast for China''s economic growth in 2009 to 8.5 percent from 9.3 percent. According to the China Daily, it also changed ...

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US tightens Iran’s access to international finance

November 7th, 2008 - 12:29 pm ICT by IANS -
Washington, Nov 7 (DPA) The United States has moved to cut off all Iranian transactions routed through US banks to further tighten sanctions over the Islamic state's nuclear and other illicit activities. ...

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US tightens Iran’s access to international finance

November 7th, 2008 - 8:36 am ICT by IANS -
Washington, Nov 7 (DPA) The US has moved to cut off all Iranian transactions routed through US banks to further tighten sanctions over the Islamic state's nuclear and other illicit activities, the ...

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Bill Gates hopes Obama will deliver on healthcare commitments

Bill Gates hopes Obama will deliver on healthcare commitments

November 6th, 2008 - 12:48 pm ICT by ANI -
New Delhi, Nov 6 (ANI): Bill Gates, co-founder of Microsoft Corp. and the champion of global health issues such as AIDS, said he hopes that the US President-elect Barack Obama will ...

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Asian shares extended gains on Obama’’s victory; investors book profits

Asian shares extended gains on Obama’’s victory; investors book profits

November 5th, 2008 - 6:25 pm ICT by ANI -
Mumbai/Tokyo, Nov 5 (ANI): Asian shares opened at a three-week high and the dollar extended gains on Wednesday as Barack Obama became the next U.S. president, ending uncertainty about who will ...

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Brown will have to embrace Obama, but not too tightly

Brown will have to embrace Obama, but not too tightly

November 5th, 2008 - 6:00 pm ICT by ANI -
London, Nov.5 (ANI): Now that Barack Obama has set to become the 44th President of the United States, British Prime Minister Gordon Brown will have to learn to deal with him As ...

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Brown praises Obama’s ‘energizing politics’

Brown praises Obama’s ‘energizing politics’

November 5th, 2008 - 2:50 pm ICT by IANS -
London, Nov 5 (DPA) British Prime Minister Gordon Brown Wednesday praised the "energizing politics and progressive values" of US president-elect Barack Obama and said he was looking forward to working ...

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India-Belgium keen on strengthening bilateral ties

November 4th, 2008 - 7:25 pm ICT by ANI -
New Delhi, Nov 4 (ANI): Union Minister of Commerce and Industry Kamal Nath today said that India and Belgium are keen on strengthening the bilateral relation by diversifying and boosting trade ...

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Economy not so bleak, but needs balancing act (Comment)

November 4th, 2008 - 1:08 pm ICT by IANS -
The economy seems to be looking up since last week with some positive gains for stock markets and moderation in inflation, giving the Reserve Bank of India (RBI) sufficient confidence to take ...

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It’s a transformational moment for America (Comment)

It’s a transformational moment for America (Comment)

November 2nd, 2008 - 6:20 pm ICT by IANS -
New Delhi, Nov 2 (IANS) Americans love the idea of democracy, and argue all the time about what that democracy should look like. This election gives us a chance to settle the ...

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Wikipedia founder sees serious Internet recession but no ”bloodbath”

October 31st, 2008 - 4:51 pm ICT by ANI -
London, Oct 31 (ANI): The global economy is headed for a "pretty serious recession" that could leave some major household name websites floundering, however, there wont be any bloodbath, says the ...

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CodeWeavers gives away free software to celebrate falling gas prices

October 28th, 2008 - 4:41 pm ICT by Bupha Ravirot -
CodeWeavers announced visitor of their site can download a copy of one of their CrossOver software packages...It is free only for Tuesday October 28. According to the press release , giving away the ...

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Japan non-committal on civil nuclear cooperation with India

Japan non-committal on civil nuclear cooperation with India

October 22nd, 2008 - 6:08 pm ICT by ANI -
Tokyo , Oct 22 (ANI): Japan today appeared non-committal on civil nuclear cooperation with India even as the two countries agreed that atomic power could play an important role as a ...

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Murli Deora for use of hydrocarbon fuels prudently

October 21st, 2008 - 6:25 pm ICT by ANI -
New Delhi, Oct 21 (ANI): Union Minister of Petroleum and Natural Gas Murli Deora today said that the present volatility in the global economy has affected India and though the Government ...

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Tata Motors cuts production target, removes 300 temporary workers (Lead)

October 20th, 2008 - 8:12 pm ICT by IANS -
Ranchi, Oct 20 (IANS) Auto major Tata Motors has reduced its production target in the Jamshedpur unit by 15 percent for this month and asked 300 temporary employees in the unit not ...

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