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South Korea’s foreign reserves hit new high


September 5th, 2012 - 3:00 pm ICT by IANS
Seoul, Sep 5 (IANS) South Korea's foreign currency reserves hit a new high last month due to a rise in conversion value of non-dollar assets and a growth in investment ... Read more...

Posted in Business |

Nepal’s gold imports increase


August 14th, 2012 - 1:59 pm ICT by IANS
Kathmandu, Aug 14 (IANS) Nepal's gold imports increased by a whopping 114 percent to 5,900 kg during fiscal year 2011-12, compared to import figures of the previous fiscal.Value of imports ... Read more...

Posted in South Asia |

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 |

‘India must cut subsidies, push reforms to defend rupee’


June 24th, 2012 - 5:09 pm ICT by IANS
New Delhi, June 24 (IANS) The Indian rupee is likely to slide further and might soon touch 58 to the dollar as regulatory measures by the central bank are unlikely ... Read more...

Posted in Business |

Rupee falls on IIP figures, impact of RBI action muted


May 11th, 2012 - 9:07 pm ICT by IANS
Mumbai/Bangalore, May 11 (IANS) The rupee fell again Friday closing at 53.63 to the dollar after data showed a fall in factory output for March.The rupee had ended at 53.44 ... Read more...

Posted in Business |

Brazil not to take further steps to depreciate Real


March 24th, 2012 - 2:44 pm ICT by IANS
Rio de Janeiro, March 24 (IANS) The Brazilian government does not plan to further push down the exchange rate of the Brazilian Real against the US dollar, a senior finance ... Read more...

Posted in Business |

Brazil must keep currency competitive, says minister


March 14th, 2012 - 11:39 am ICT by IANS
Brasilia, March 14 (IANS/EFE) The Brazilian government does not intend to directly intervene in the currency market, but will continue taking steps to stop the real from rising to a ... Read more...

Posted in Business |

Oil rises on positive data


March 14th, 2012 - 8:08 am ICT by IANS
New York, March 14 (IANS) Crude prices rose Tuesday as retail data came in positive and the Federal Reserve described the US economy as "expanding moderately".The Commerce Department said US ... Read more...

Posted in Business |

Brazil takes new measure to stabilise currency rate


March 13th, 2012 - 1:59 pm ICT by IANS
Rio de Janeiro, March 13 (IANS) The Brazilian government announced Monday a new measure aimed at checking the inflow of foreign speculative capital and stabilising the exchange rate of the ... Read more...

Posted in Business |

Brazil moves to contain rise of real


March 2nd, 2012 - 12:10 pm ICT by IANS
Brasilia, March 2 (IANS/EFE) The Brazilian government announced Thursday that it is expanding the reach of a 6 percent tax on loans from abroad as part of steps to ... Read more...

Posted in Business |

India to US: Don’t set back IT success story, ease visas


February 7th, 2012 - 8:47 pm ICT by IANS
Washington, Feb 7 (IANS) Voicing concern over protectionism, India has asked the US to address issues faced by Indian IT professionals, who pay $15 billion in taxes, and reminded Washington ... Read more...

Posted in Sci-Tech |

Forex reserves drop to 15-month low at $292.52 billion


January 21st, 2012 - 5:20 pm ICT by IANS
Mumbai, Jan 21 (IANS) India's foreign exchange reserves dropped by $1.01 billion to $292.52 billion for the week ended Jan 13, the lowest in more than 15 months.The fall was ... Read more...

Posted in Business |

India’s forex reserves slump by $3.14 bn


January 15th, 2012 - 4:03 pm ICT by IANS
Mumbai, Jan 15 (IANS) India's foreign exchange reserves slumped by $3.14 billion to $293.54 billion in the first week of 2012, the lowest level in almost 15 months, largely due ... Read more...

Posted in Business |

Rupee to stay volatile on uncertain economic outlook


December 18th, 2011 - 5:35 pm ICT by IANS
New Delhi, Dec 18 (IANS) The Indian rupee, that has weakened almost 16 percent against the US dollar since the beginning of the year, is likely to remain volatile ... Read more...

Posted in Business |

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 |

Government can do little to check rupee slide: Rangarajan


December 14th, 2011 - 7:35 pm ICT by IANS
New Delhi, Dec 14 (IANS) The slide in rupee, which fell to a new low of 53.75 against a dollar Wednesday, is driven by external factors especially general ... Read more...

Posted in Business |

Rupee slide continues, now at another all-time low


December 14th, 2011 - 12:18 pm ICT by IANS
Mumbai, Dec 14 (IANS) The Indian rupee fell to another all-time intra-day low Wednesday to 53.75 to a dollar, amid continued demand for the greenback from importers and gloomy ... Read more...

Posted in Business |

South Korea’s foreign reserves shrink to $308 bn


December 2nd, 2011 - 3:55 pm ICT by IANS
Seoul, Dec 2 (IANS) South Korea's foreign reserves contracted to $308.63 billion last month due to a reduction in conversion value of non-dollar denominated assets, the central bank said Friday.Foreign ... Read more...

Posted in Business |

Mexico’s 2011 growth outlook improves


December 2nd, 2011 - 12:18 pm ICT by IANS
Mexico City, Dec 2 (IANS/EFE) Analysts have raised their growth outlook for the Mexican economy, the central bank said Thursday.According to Banco de Mexico's November survey of financial service firms, ... Read more...

Posted in Business |

Mexico to auction dollars to prop up peso


December 1st, 2011 - 12:24 pm ICT by IANS
Mexico City, Dec 1 (IANS/EFE) Mexico's currency exchange commission announced forceful action to bolster the peso, saying the central bank will auction $400 million of its reserves on days the ... Read more...

Posted in Business |

Weak rupee will hurt software exports in long-term


November 23rd, 2011 - 7:11 pm ICT by IANS
New Delhi, Nov 23 (IANS) Although weakening of the rupee against the US dollar will bring short-term benefits, the long-term impact will be adverse and far outweigh any immediate gains, ... Read more...

Posted in Business |

Don’t overreact to rupee weakening: Khullar


November 22nd, 2011 - 8:10 pm ICT by IANS
New Delhi, Nov 22 (IANS) With the Indian rupee sliding to a record low of 52.73 against the US dollar Tuesday, Commerce Secretary Rahul Khullar said there was no need ... Read more...

Posted in Business |

Rupee falls below 52 against dollar


November 21st, 2011 - 6:41 pm ICT by IANS
Mumbai, Nov 21 (IANS) The value of the Indian rupee Monday fell below 52 against the US dollar for the first time in over two and a half years ... Read more...

Posted in Uncategorized |

India’s forex reserves drop by $326 mn


November 20th, 2011 - 3:27 pm ICT by IANS
Mumbai, Nov 20 (IANS) India's foreign exchange reserves fell by $326 million to $314.34 billion for the week ended Nov 11, declining sharply for the second straight week due to ... Read more...

Posted in Business |

RBI monitoring depreciating rupee: Mukherjee


November 19th, 2011 - 5:35 pm ICT by IANS
New Delhi, Nov 19 (IANS) Even as the rupee fell to a 32-month low against the dollar, pushing up the cost of imports, Finance Minister Pranab Mukherjee Saturday said ... Read more...

Posted in Business |

Rupee slumps to 32-month low against dollar


November 18th, 2011 - 9:23 pm ICT by IANS
Mumbai, Nov 18 (IANS) The value of Indian rupee slumped to Rs.51.30 against the US dollar Friday, the lowest in 32 months, due to increased demand for greenback from ... Read more...

Posted in Business |

Dollar dips on consumer spending, eurozone inflation


April 30th, 2011 - 2:55 am ICT by IANS
New York, April 30 (IANS) The US dollar fell against major currencies in late New York trading Friday as US consumer spending rose in March and inflation in the eurozone ... Read more...

Posted in Business |

Canadian dollar at three-year high


February 26th, 2011 - 12:26 pm ICT by IANS
By Gurmukh Singh Toronto, Feb 26 (IANS) The Canadian dollar Friday rose to its highest level against the US greenback in three years as the Toronto Stock Exchange surged with investors returning after ... Read more...

Posted in Business |

BlackBerry to filter porn content for the first time


January 12th, 2011 - 3:34 pm ICT by IANS
By Gurmukh Singh Toronto, Jan 12 (IANS) For the first time, BlackBerry maker Research In Motion (RIM) has agreed to filter pornographic content on its smart phones bowing to pressure from Indonesia.The decision ... Read more...

Posted in Business |

Canadian markets hit pre-recession levels


December 2nd, 2010 - 11:15 am ICT by IANS
By Gurmukh Singh Toronto, Dec 2 (IANS) Canadian markets hit a new high Wednesday after the global meltdown, with the composite index on the Toronto Stock Exchange (TSX) closing at 13,148.35 points.The last ... Read more...

Posted in Business |

Canadian currency hits parity with US dollar


November 11th, 2010 - 11:46 am ICT by IANS
Toronto, Nov 11 (IANS) The Canadian dollar hit parity with the US dollar Wednesday, closing at slightly more than 100 cents US.Called loonie, the Canadian dollar has been hovering the vicinity of ... Read more...

Posted in Business |

Oz dollar hits parity with US greenback for first time since floated in 1983


October 16th, 2010 - 1:10 pm ICT by ANI
Canberra, Oct 16 (ANI): The Australian dollar has reportedly reached parity with the US dollar for the first time since it was floated in December 1983.According to News.com.au, the Australian currency reached ... Read more...

Posted in Business |

Canadian currency becomes costlier than US dollar


April 15th, 2010 - 12:58 pm ICT by IANS
Toronto, April 15 (IANS) Driven up by rising commodity and oil prices, the Canadian dollar has crossed parity with the US dollar for the first time in two years. At the end of ... Read more...

Posted in Business |

Canadian currency nears parity with US dollar, markets hit new high


March 13th, 2010 - 10:42 am ICT by IANS
Toronto, March 13 (IANS) Canadian markets Friday crossed the 12,000-mark and the Canadian dollar reached record levels against the US for the first time since mid-2008. While the markets made small gains on ... Read more...

Posted in Business |

Canadian economy posts record growth


March 2nd, 2010 - 9:26 am ICT by IANS
Toronto, March 2 (IANS) The Canadian economy bounced back with a record growth in the fourth quarter of 2009, official figures released Monday said. Beating all predictions, the economy posted an annualized growth ... Read more...

Posted in Business |

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