global slowdown

Brazil’s middle class swells as 35 mn climb out of poverty


September 21st, 2012 - 12:24 pm ICT by IANS
Rio de Janeiro, Sep 21 (IANS/EFE) Roughly 35 million Brazilians have climbed out of poverty over the last decade and 53 percent of the country's nearly 194 million people now ... Read more...

Posted in Business |

PM to prepare Indian envoys for foreign policy challenges


September 12th, 2012 - 6:46 pm ICT by IANS
New Delhi, Sep 12 (IANS) Against the backdrop of a thaw with in ties with Pakistan and increasing calls for India to play a more proactive role in the ... Read more...

Posted in Uncategorized |

`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 |

21 world leaders visited India this year, more on way


August 26th, 2012 - 5:35 pm ICT by IANS
New Delhi, Aug 26 (IANS) India continued to be a favourite overseas destination for world leaders with as many as 21 heads of state or government visiting the country ... Read more...

Posted in South Asia |

Amid China’s forays, India wakes up to Latin America


August 5th, 2012 - 4:06 pm ICT by IANS
New Delhi, Aug 5 (IANS) As China spreads its growing tentacles across Latin America, India is moving to forge a multi-layered partnership with the resource-rich region that is projected to ... Read more...

Posted in Business |

BRIC banks to be under pressure: S&P;’s


July 26th, 2012 - 12:43 am ICT by IANS
Chennai, July 25 (IANS) Credit rating agency Standard and Poor's (S&P;'s) Wednesday said that the banks in Brazil, Russia, India and China (BRIC) could come under pressure over the next ... Read more...

Posted in Business |

Wipro battles to grow in volatile market (Lead)


July 24th, 2012 - 2:01 pm ICT by IANS
Bangalore, July 24 (IANS) As India's third largest IT bellwether, Wipro Ltd. too is battling to grow in a volatile currency market with uncertainty writ large due to global slowdown ... 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 |

Africa pushes for greater democracy, crisis resolution (Lead)


July 17th, 2012 - 6:00 pm ICT by IANS
Addis Ababa, July 17 (IANS) African leaders ended their 19th biannual summit that saw the election of the first female head of the African Union Commission and a renewed pledge ... Read more...

Posted in Uncategorized |

African Union’s first woman leader braces to tackle continent’s hotspots


July 17th, 2012 - 5:44 pm ICT by IANS
By Manish Chand Addis Ababa, June 17 (IANS) African leaders have ended their 19th biannual summit that saw the election of the first female head of the African Union Commission and ... Read more...

Posted in Uncategorized |

IMF warns Italy of downside risks, pushes more reforms


July 11th, 2012 - 1:55 pm ICT by IANS
Washington, July 11 (IANS) The International Monetary Fund (IMF) has said that Italy's economy would remain vulnerable to downside risks, urging the country to keep reform momentum."The economy is expected ... 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 |

India, Britain discuss visa issue, Afghanistan


June 1st, 2012 - 11:58 pm ICT by IANS
New Delhi, June 1 (IANS) India Friday pressed Britain for easing the visa regime for businessmen and students to boost investment and discussed the volatile situation in Afghanistan.Foreign Secretary Rajan ... Read more...

Posted in Uncategorized |

Amid global slowdown, India, Bahrain to scale up investment


May 30th, 2012 - 7:48 pm ICT by IANS
New Delhi, May 30 (IANS) With the government opening the doors for qualified foreign investors (QFIs) from the Gulf, India Thursday will pitch for accelerated trade and investment with ... Read more...

Posted in Business |

India achieved success in external trade: Pranab


March 16th, 2012 - 3:04 pm ICT by IANS
New Delhi, March 16 (IANS) Finance Minister Pranab Mukherjee Friday said India's external trade has grown encouragingly amid the global slowdown and the country has achieved diversification of the ... Read more...

Posted in Business |

‘India will grow at 7.6 percent, to play active global role’ (Roundup)


March 15th, 2012 - 7:43 pm ICT by IANS
New Delhi, March 15 (IANS) India's economic growth will rebound to 7.6 percent in 2012-13 on the back of softening inflation and better industrial production, enabling it to play ... Read more...

Posted in Business |

Economic Survey pegs inflation at 6.5-7 percent


March 15th, 2012 - 2:30 pm ICT by IANS
New Delhi, March 15 (IANS) The Economic Survey for 2011-12 tabled by Finance Minister Pranab Mukherjee in parliament Thursday pegged inflation at 6.5-7 percent by end of March and ... Read more...

Posted in Business |

Service sector has insulated India from global slowdown: Survey


March 15th, 2012 - 2:14 pm ICT by IANS
New Delhi, March 15 (IANS) The global recession only partially succeeded in slowing the Indian economy thanks to the robust growth in services at nearly 10 percent in 2010-11 ... Read more...

Posted in Business |

India showed strong growth amid global slowdown: IMF


March 15th, 2012 - 10:46 am ICT by IANS
Washington, March 15 (IANS) Even as overall growth in the G20 slowed in the fourth quarter of 2011, growth increased strongly in India and Indonesia, modestly in the United States, ... Read more...

Posted in Business |

More foreign workers pour into China


January 21st, 2012 - 4:28 pm ICT by IANS
Beijing, Jan 21 (IANS) China is attracting more and more foreign job seekers as its economy shines amid the global slowdown.Nearly 600,000 expatriates live in China, according to the latest ... Read more...

Posted in World |

India to aim at 8 percent plus growth next fiscal: Namo Narain Meena (Interview)


January 12th, 2012 - 10:48 am ICT by IANS
Jaipur, Jan 12 (IANS) India's "growth story is intact" and the goverment would target more than eight percent growth in the next financial year on the back of easing inflation ... Read more...

Posted in Business |

India seeks closer China ties to combat global slowdown


January 10th, 2012 - 12:14 am ICT by IANS
New Delhi, Jan 9 (IANS) Downplaying recent irritants in bilateral ties, India Monday sought closer collaboration with China to combat the global economic slowdown and to work jointly on international ... Read more...

Posted in Uncategorized |

Pranab asks banks to take belt tightening measures


January 6th, 2012 - 9:01 pm ICT by IANS
Chennai, Jan 6 (IANS) Finance Minister Pranab Mukherjee Friday asked Indian banks to scale down their advances to risky businesses to protect their asset quality."The non-performing assets ... Read more...

Posted in Business |

Africans replacing Indian workers in Gulf?


December 25th, 2011 - 5:13 pm ICT by IANS
New Delhi, Dec 25 (IANS) In a trend that may work adversely on remittances to India and the region, Gulf nations are now increasingly hiring Africans over Indians, Pakistanis, Bangladeshis ... Read more...

Posted in Business |

Another global slowdown a possibility: Mukherjee


December 9th, 2011 - 4:25 pm ICT by IANS
New Delhi, Dec 9 (IANS) Finance Minister Pranab Mukherjee Friday said another global slowdown was now a possibility as international economies suffer from rising inflation and fuel cost."Another global ... Read more...

Posted in Business |

Spain jobless rate may rise to 23 percent


November 29th, 2011 - 11:49 am ICT by IANS
Paris, Nov 29 (IANS/EFE) Spain's unemployment rate could climb to 23 percent next year, the Organization for Economic Cooperation and Development said Monday in its latest global Economic Outlook.The Paris-based ... Read more...

Posted in Uncategorized |

Global slowdown, reason for lowering growth projection: RBI


October 25th, 2011 - 2:59 pm ICT by IANS
Mumbai, Oct 25 (IANS) The Reserve Bank of India (RBI) lowered the growth estimates for fiscal 2011-12 to 7.6 percent citing a slowdown in the global economy and moderating domestic ... Read more...

Posted in Uncategorized |

Incentives to boost exports soon, says Sharma


October 7th, 2011 - 8:35 pm ICT by IANS
New Delhi, Oct 7 (IANS) The government is looking into the concerns of traders and would soon announce incentives to further boost exports, Commerce and Industry Minister Anand Sharma said ... Read more...

Posted in Business |

9 percent growth in 12th plan realistic: Official


October 1st, 2011 - 7:10 pm ICT by IANS
Kolkata, Oct 1 (IANS) The nine percent growth target of the Indian economy during the 12th Five Year Plan period is achievable despite the global economic slowdown, a top official ... Read more...

Posted in Uncategorized |

More foreign magazines set to launch Indian editions


September 30th, 2011 - 8:32 pm ICT by IANS
New Delhi, Sep 30 (IANS) Defying the trends of a global slowdown in the print media, a host of foreign magazines are set to launch their editions in India and ... Read more...

Posted in Uncategorized |

US, Eurozone crisis making financial markets nervous: Pranab


September 13th, 2011 - 7:48 pm ICT by IANS
New Delhi, Sep 13 (IANS) Financial markets are getting "nervous" due to high inflation, slowdown in economic growth and aggravating sovereign debt problems in the US and European economies, ... Read more...

Posted in Uncategorized |

Pact with Kingfisher sees Finnair’s Asia traffic look up


September 12th, 2011 - 8:00 pm ICT by IANS
Helsiniki, Sep 12 (IANS) Led by growing traffic from Asia, especially India where it has signed an accord with Kingfisher Airlines, as also by leisure travel, Nordic carrier Finnair has ... Read more...

Posted in Uncategorized |

No impact of political controversies on investment: Mukherjee


July 26th, 2011 - 12:26 pm ICT by IANS
London, July 26 (IANS) On the day former telecom minister A. Raja sought to drag Prime Minister Manmohan Singh into the second generation (2G) spectrum case, Finance Minister Pranab ... Read more...

Posted in Politics |

US tech market back on strong growth path: Survey


April 14th, 2011 - 5:29 pm ICT by IANS
Banglore, April 14 (IANS) Recovering from the ripple effects of the global slowdown, the information and communication technology (ICT) market in the US is set to witness a strong momentum ... Read more...

Posted in Uncategorized |

IT sector to grow by 25-26 percent annually: Narayana Murthy


January 23rd, 2011 - 7:31 pm ICT by IANS
Kolkata, Jan 23 (IANS) Picking up after being adversely hit by the global slowdown, India's IT sector is performing well and would experience an annual growth of 25-26 percent, Infosys Technologies ... Read more...

Posted in Business |

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