Brazil’s economy growing again, says finance chief
September 20th, 2012 - 11:47 am ICT by IANS
Paris, Sep 20 (IANS/EFE) The Brazilian economy is accelerating after a slow first half of 2012 and will remain on a growth trajectory, the country's finance minister said Wednesday in ... Read more...
Posted in Business |
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 |
Bharti Airtel Q1 net profit down 37 percent (Lead)
August 8th, 2012 - 3:55 pm ICT by IANS
New Delhi, Aug 8 (IANS) Bharti Airtel Wednesday posted a 37 percent decline in net profit at Rs.762 crore for the quarter ended June 30 against Rs.1,215 crore during the ... 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 |
Asset quality of Indian banks to weaken: S&P;
July 25th, 2012 - 3:58 pm ICT by IANS
New Delhi, July 25 (IANS) The quality of assets and earnings of banks in the emerging economies, especially India, is likely to weaken over the next 12-24 months owing to ... Read more...
Posted in Business |
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 |
Wipro looks for growth in new geographies (Second Lead)
July 24th, 2012 - 9:19 pm ICT by IANS
Bangalore, July 24 (IANS) India's third largest IT bellwether Wipro Ltd is betting on customers in new geographies to sustain growth momentum despite currency volatility and pricing pressure."At the macro ... 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 |
‘The Dark Knight Rises’ biggest story I’ve told: Christopher Nolan (Interview)
July 11th, 2012 - 3:34 pm ICT by IANS
New Delhi, July 11 (IANS) "The Dark Knight Rises", the final part of his Batman trilogy, is the biggest story he has told so far, says maverick Hollywood filmmaker ... Read more...
Posted in Entertainment |
Chinese women entrepreneurs find India attractive
June 24th, 2012 - 2:40 pm ICT by IANS
New Delhi, June 24 (IANS) In spite of the headwinds of slowing growth, high inflation and other operational worries, Chinese entrepreneurs are keen to invest in India, where they ... Read more...
Posted in Business |
IMF chief urges balanced policies for higher, better growth
May 8th, 2012 - 3:32 pm ICT by IANS
Washington, May 8 (IANS) Global policymakers should strike a balance between austerity and growth in designing economic policies to deliver faster and better growth, as fiscal adjustment and other headwinds ... Read more...
Posted in Business |
Australian services sector expands in January
February 3rd, 2012 - 2:17 pm ICT by IANS
Sydney, Feb 3 (IANS) Activity in Australia's services sector lifted in January after three consecutive months of decline, a survey released Friday by the Australian Industry Group (Ai Group) showed.The ... Read more...
Posted in Business |
Idea Cellular’s third quarter net profit declines
January 23rd, 2012 - 4:12 pm ICT by IANS
Mumbai, Jan 23 (IANS) Telecom firm Idea Cellular Monday reported a decline of 17.3 percent in its consolidated net profit for the third quarter of the current fiscal at Rs.201 ... Read more...
Posted in Uncategorized |
Chinese economy assuring amid global uncertainty
January 23rd, 2012 - 4:12 pm ICT by IANS
Beijing, Jan 23 (IANS) Despite stiff headwinds from a flagging world economy and a festering eurozone debt crisis, China still touched a growth rate of 9.2 percent in 2011, dwarfing ... Read more...
Posted in Business |
Indian retail sector outlook for 2012 stable: Fitch
January 18th, 2012 - 6:23 pm ICT by IANS
New Delhi, Jan 18 (IANS) The outlook for the Indian retail sector would remain stable in 2012 with concerns remaining over inflationary pressures and economic growth, ratings agency Fitch ... Read more...
Posted in Business |
Unemployment to fall below eight percent before polls: Obama
December 12th, 2011 - 1:58 pm ICT by IANS
Washington, Dec 12 (IANS) US President Barack Obama said he believes unemployment rate will fall below eight percent by the time US voters cast their votes to choose next ... Read more...
Posted in Business |
US growth facing serious headwinds: Official
November 30th, 2011 - 1:55 pm ICT by IANS
Washington, Nov 30 (IANS) Growth in the US faces serious headwinds and the country's high unemployment will linger for many years, said a senior Federal Reserve official Tuesday."Households are still ... Read more...
Posted in Business |
Inflation remains sticky, growth will moderate: RBI
October 24th, 2011 - 8:30 pm ICT by IANS
Mumbai, Oct 24 (IANS) The Reserve Bank of India (RBI) Monday said economic growth for 2011-12 will be lower than its earlier projection of 8 percent even as inflation remained ... Read more...
Posted in Business |
Airline industry to post $6.9 bn profit: IATA
September 20th, 2011 - 5:06 pm ICT by IANS
New Delhi, Sep 20 (IANS) The international airlines association Tuesday hiked the industry's profit levels in the current year to $6.9 billion from the $4 billion it had projected earlier, ... Read more...
Posted in Uncategorized |
Obama support slips; Hillary Clinton most popular
September 17th, 2011 - 11:20 am ICT by IANS
Washington, Sep 17 (IANS) As new polls suggested that President Barack Obama's support is eroding among elements of his base, he claimed that his odds of being re-elected in ... Read more...
Posted in Politics |
Obama blames Republican ‘rigidity’ for US woes
August 17th, 2011 - 10:22 pm ICT by IANS
Washington, Aug 17 (IANS) President Barack Obama has blamed his Republican opponents for the political logjam in Washington, saying their "ideological rigidity" is standing in the way of compromises ... Read more...
Posted in Business |
‘Perverse behaviour’ by investors baffles economists
August 9th, 2011 - 11:23 am ICT by IANS
Toronto, Aug 9 (IANS) The continuing market mayhem Monday puzzled economists who wondered why investors are seeking refuge in the very US assets that have been downgraded by Standard ... Read more...
Posted in Uncategorized |
US stocks extend losses as relief over debt deal faded
August 2nd, 2011 - 4:33 am ICT by IANS
New York, Aug 2 (IANS) US stocks ended lower after a short-lived rally Monday, with the Dow extending losses to the seventh straight session, as relief over a debt ... Read more...
Posted in Business |
Auto stocks slip as traders worry over slack sales
July 16th, 2011 - 5:13 pm ICT by IANS
Mumbai, July 16 (IANS) Automobile stocks closed lower this week, reflecting worries of traders over a slowdown in the sector with sales growth rising only about 12 percent in June.The ... Read more...
Posted in Business |
Greek default would roil financial markets: US official
June 23rd, 2011 - 12:18 pm ICT by IANS
Washington, June 23 (IANS/EFE) Federal Reserve Chairman Ben Bernanke said Wednesday that a Greek sovereign debt default would "roil" financial markets and that the US is closely following the situation ... Read more...
Posted in Uncategorized |
US stocks drop on economy worries
May 17th, 2011 - 5:47 am ICT by IANS
New York, May 17 (IANS) US stocks fell Monday, with the tech-heavy Nasdaq leading the decliners, as weaker-than-expected economic data made investors worry about the strength of the US economy, ... Read more...
Posted in Business |
Even Republicans feel Trump has very little chances of reaching White House
April 27th, 2011 - 4:08 pm ICT by ANI
Washington, Apr 27 (ANI): Potential Republican candidate Donald Trump has very little chances of winning the 2012 presidential elections, according to a poll.According to a Gallup survey, nearly 64 percent of ... Read more...
Posted in World |
I’ll end my F1 career with Red bull, says Webber
March 6th, 2011 - 6:55 pm ICT by ANI
Sydney, Mar 6(ANI): Formula One driver Mark Webber has said that he wants to continue driving for Red Bull for the rest of his racing career, but has no intention of retiring ... Read more...
Posted in Sports |
Morgan Stanley downgrades BlackBerry maker RIM
August 21st, 2010 - 2:06 pm ICT by IANS
Toronto, Aug 21 (IANS) With its BlackBerry smart phone facing ban in India and other countries for security concerns, its new Torch 9800 device getting lukewarm response and its market share and ... Read more...
Posted in Sci-Tech |
Brit man sets fastest round-the-world cycle trip record
August 2nd, 2010 - 2:32 pm ICT by ANI
London, August 02 (ANI): A British man has set the record for the fastest cycle trip around the world.Vin Cox completed his 18,172-mile road trip in London's Greenwich after cycling for 176 ... Read more...
Posted in World |
Tata Consultancy Services net up 24.3 percent
July 15th, 2010 - 9:11 pm ICT by IANS
Mumbai, July 15 (IANS) India's largest software company Tata Consultancy Services (TCS) Thursday reported a 24.3 percent rise in net profit for the quarter ended June 30 at Rs.1,906 crore, beating analyst ... Read more...
Posted in Business |
Obama sees ’stark turn around’ as US loses 125,000 jobs
July 2nd, 2010 - 10:14 pm ICT by IANS
By Arun Kumar
Washington, July 2 (IANS) As the US economy lost 125,000 jobs in June, President Barack Obama called it a "stark turn around" from the height of recession, asserting that ... Read more...
Posted in Business |
Red Knights not to offer more than 1-bn dollars to Man U owners
May 11th, 2010 - 3:04 pm ICT by ANI
London, May 11 (ANI): The Red Knights, a group of wealthy Manchester United fans, have ruled out offering the club owners in excess of one billion pounds.The Glazer family bought Manchester United ... Read more...
Posted in Sports |
Wipro projects higher IT revenue on strong growth (Lead)
April 23rd, 2010 - 1:44 pm ICT by IANS
Bangalore, April 23 (IANS) Wipro Ltd Friday projected higher revenue growth from its global IT services business for the first quarter (April-June) of fiscal 2010-11 following a strong growth in the fourth ... Read more...
Posted in Business |
Kentucky’s unemployment rate increases 10.7 percent in January
March 12th, 2010 - 3:34 am ICT by BNO News
FRANKFORT, KENTUCKY (BNO NEWS) – Kentucky’s unemployment rate increased 10.7 percent in January, the Office of Employment and Training (OET) announced Thursday.“Facing economic headwinds, Kentucky's economy continued to struggle in January 2010. ... Read more...
Posted in Business |