inflation

Power tariff hike: Pakistani daily slams government’s sly move


May 18th, 2012 - 12:28 pm ICT by IANS
Islamabad, May 17 (IANS) The steep hike in power tariff has come as a shock to Pakistanis who are already reeling under the pressure of inflation, said a daily here, ... Read more...

Posted in World |

US consumer prices flat


May 16th, 2012 - 1:12 pm ICT by IANS
Washington, May 16 (IANS) US consumer prices were flat in April, largely because of a decline in gas prices, the Labor Department reported.The Consumer Price Index (CPI), which tracks inflation ... Read more...

Posted in Uncategorized |

Sri Lanka expects market stability as imports reduced


May 12th, 2012 - 4:18 pm ICT by IANS
Colombo, May 12 (IANS) The Sri Lankan Central Bank said Saturday that it expects stability in the domestic foreign exchange market over the next few weeks following a decision to ... Read more...

Posted in Business |

IIP data suggests slowdown: RBI


May 11th, 2012 - 6:03 pm ICT by IANS
Bangalore, May 11 (IANS) The 3.5 percent contraction in the Index of Industrial Production (IIP) data for March indicates that there is "a sort of slowdown, which is a concern", ... Read more...

Posted in Business |

China’s inflation eases (Lead)


May 11th, 2012 - 4:44 pm ICT by IANS
Beijing, May 11 (IANS) China's inflation eased slightly in April as warm weather led to a drop in food prices, building up confidence that the government's annual targets set for ... Read more...

Posted in Business |

China’s Producer Price Index falls


May 11th, 2012 - 1:27 pm ICT by IANS
Beijing, May 11 (IANS) China's Producer Price Index (PPI), a main gauge of inflation at the wholesale level, fell 0.7 percent in April from a year earlier, the National Bureau ... Read more...

Posted in Business |

Pakistanis want change from old order, says daily


May 11th, 2012 - 12:06 pm ICT by IANS
Islamabad, May 11 (IANS) Pakistanis are seeking an "escape from the old order and a move towards something different", said a daily, citing a survey that is certain to rattle ... Read more...

Posted in Politics |

Car sales grew only 3.40 percent in April


May 10th, 2012 - 4:52 pm ICT by IANS
New Delhi, May 10 (IANS) Domestic passenger car sales in India increased by only 3.40 percent in April and stood at 168,351 units from 162,813 units sold in the like ... Read more...

Posted in Business |

South Korean bank freezes key interest rate


May 10th, 2012 - 1:50 pm ICT by IANS
Seoul, May 10 (IANS) South Korea's central bank said Thursday that it froze the benchmark interest rate at 3.25 percent for May, leaving the 7-day repo rate unchanged for 11 ... Read more...

Posted in Business |

Business confidence recovering but concerns remain: CII


April 29th, 2012 - 1:49 pm ICT by IANS
New Delhi, April 29 (IANS) Most Indian firms have recovered business confidence, but stagnancy in reforms, high interest rates and increased raw material costs still remain top concerns, according to ... Read more...

Posted in Business |

High inflation smothers salaries in Italy


April 25th, 2012 - 4:23 pm ICT by IANS
Rome, April 25 (IANS/AKI) Salaries in Italy have touched their lowest in real terms in almost 17 years, according to fresh data.Real incomes in March rose 1.2 percent over a ... Read more...

Posted in Business |

Mumbai dabbawallas hike rates again


April 25th, 2012 - 1:02 pm ICT by IANS
Mumbai, April 25 (IANS) The soaring inflation has pinched hard Mumbai's famous tribe of dabbawallas, who ferry lunch boxes to and fro in the city daily. From June 1, they ... Read more...

Posted in Uncategorized |

Britain’s consumer spending slows in March


April 24th, 2012 - 7:19 am ICT by IANS
London, April 24 (IANS) British consumer spending power continued to slow in March, dropping by 1.1 percent compared to a year earlier reaching the lowest level since February 2011, Lloyds ... Read more...

Posted in Business |

Australia’s producer price index down


April 23rd, 2012 - 2:14 pm ICT by IANS
Sydney, April 23 (IANS) Australia's producer price index (PPI) at the final stage of production fell 0.3 percent in the March quarter, following a 0.3 percent rise in the December ... Read more...

Posted in Business |

Key Canadian lending rate unchanged


April 18th, 2012 - 2:02 pm ICT by IANS
Ottawa, April 18 (IANS) The Bank of Canada is keeping its key interest rate at one percent, the bank has announced although it indicated that interest rates could rise ... Read more...

Posted in Business |

Growth will improve, but inflation will stay sticky: RBI


April 16th, 2012 - 8:02 pm ICT by IANS
New Delhi, April 16 (IANS) India's economic growth is likely to improve marginally in the current financial year from the projected growth of 6.9 percent in 2011-12, but inflation will ... Read more...

Posted in Business |

South Korea’s central bank freezes key interest rate


April 13th, 2012 - 1:25 pm ICT by IANS
Seoul, April 13 (IANS) South Korea's central bank Friday said it froze the benchmark interest rate at 3.25 percent for April, leaving the 7-day repo rate unchanged for 10 straight ... Read more...

Posted in Business |

ADB says China’s GDP growth to hit 8.5 percent


April 11th, 2012 - 1:55 pm ICT by IANS
Beijing, April 11 (IANS) China's economic growth is set to moderate slightly over the next two years but will exceed 8 percent, on the back of strong investment, rising private ... Read more...

Posted in Business |

China farm produce prices fall


April 11th, 2012 - 5:00 am ICT by IANS
Beijing, April 11 (IANS) The prices of China's farm produce fell for a third straight week on increased supplies, the commerce ministry said Tuesday.The wholesale price of 18 types of ... Read more...

Posted in Uncategorized |

US small business confidence drops


April 11th, 2012 - 3:24 am ICT by IANS
Washington, April 11 (IANS) US small business confidence in March fell slightly after rising for six straight months, a leading industry association said Tuesday.The National Federation of Independent Business (NFIB) ... Read more...

Posted in Business |

China’s consumer price index expands


April 9th, 2012 - 2:54 pm ICT by IANS
Beijing, April 9 (IANS) China's consumer price index (CPI), a main gauge of inflation, expanded 3.6 percent year-on-year in March, the National Bureau of Statistics (NBS) said Monday.The growth rebounds ... Read more...

Posted in Business |

Himachal legislators to get fat salary hike


April 5th, 2012 - 9:08 pm ICT by IANS
Shimla, April 5 (IANS) Four bills were introduced in the Himachal Pradesh assembly Thursday to increase the legislators' salaries and allowances by around Rs.20,000 on grounds of inflation.A government spokesperson ... Read more...

Posted in Uncategorized |

Goa budget proposes to reduce petrol price by Rs.11 a litre


March 26th, 2012 - 7:38 pm ICT by IANS
Panaji, March 26 (IANS) In a step that will make petrol in Goa the cheapest in India, Chief Minister Manohar Parrikar Monday proposed a reduction in prices of the fuel ... Read more...

Posted in Business |

Average salary hike of firm heads to slow down in 2012


March 26th, 2012 - 6:20 pm ICT by IANS
New Delhi, March 26 (IANS) Heads of Indian companies will have an average salary hike of 8.3 percent in 2012 against that of 8.4 percent in 2011, a study said ... Read more...

Posted in Business |

‘Pakistani lawmakers live like royalty, while people are poor’


March 24th, 2012 - 1:07 pm ICT by IANS
Islamabad, March 24 (IANS) The lifestyle of Pakistani parliamentarians is like that of royalty and in stark contrast to that of "the vast majority of the people have to deal ... Read more...

Posted in Uncategorized |

‘Pakistani economy very sick’


March 22nd, 2012 - 12:31 pm ICT by IANS
Islamabad, March 22 (IANS) Pakistan's economy seems to be "experiencing a near-death experience", a daily said Thursday, urging sensible planning instead of senseless borrowing.The government says the economy is turning ... Read more...

Posted in South Asia |

‘China’s aged people will hamper economic rise’


March 18th, 2012 - 2:47 pm ICT by IANS
Beijing, March 18 (IANS) China's aging population and the deteriorating natural environment will constrain economic growth, the head of the country's National Bureau of Statistics has warned.Speaking at China Development ... Read more...

Posted in Business |

‘China’s ageing population to impact economic growth’


March 17th, 2012 - 5:32 pm ICT by IANS
Beijing, March 17 (IANS) China's ageing population and the deteriorating natural environment will constrain economic growth, a senior official said Saturday.China's "demographic dividend" has decreased as the population is ageing ... Read more...

Posted in Business |

Union budget a gross disappointment, says SP


March 17th, 2012 - 1:25 am ICT by IANS
Lucknow, March 16 (IANS) Amidst fresh attempts by the Congress to keep the Samajwadi Party (SP) in good humour, the latter launched a scathing attack on the UPA II ... Read more...

Posted in Uncategorized |

Budget disappointing, inflationary: Chouhan


March 16th, 2012 - 6:31 pm ICT by IANS
Bhopal, March 16 (IANS) Madhya Pradesh Chief Minister Shivraj Singh Chouhan Friday said the union budget was disappointing and would lead to further inflation.He said the excise duty ... Read more...

Posted in Politics |

Budget disappointing, will enhance inflation: BJP (Lead)


March 16th, 2012 - 5:54 pm ICT by IANS
New Delhi, March 16 (IANS) Calling the union budget presented Friday "burdensome", the opposition Bharatiya Janata Party (BJP) said it was disappointing and would only enhance inflation in the ... Read more...

Posted in Uncategorized |

Burdensome budget will enhance inflation: BJP


March 16th, 2012 - 4:27 pm ICT by IANS
New Delhi, March 16 (IANS) Calling the union budget presented Friday "burdensome", the opposition Bharatiya Janata Party (BJP) said it would only enhance inflation in the country."This budget will ... Read more...

Posted in Politics |

Budget aims at faster, inclusive growth: PM


March 16th, 2012 - 3:05 pm ICT by IANS
New Delhi, March 16 (IANS) Prime Minister Manmohan Singh Friday said the union budget for 2012-13 was aimed at faster, equitable, sustainable and more inclusive growth."Finance minister has been ... Read more...

Posted in Politics |

Budget highlights 4


March 16th, 2012 - 1:15 pm ICT by IANS
* Infusion of Rs.15,888 crore in public sector banks, regional rural banks and NABARD in 2012-13.* Infrastructure will require Rs.50 lakh crore in 12th Plan, half of this from the private ... Read more...

Posted in Uncategorized |

Budget highlights 3


March 16th, 2012 - 1:08 pm ICT by IANS
* From 2012-13, full subsidies for providing food security; in other sectors to the extent the economy can bear this.* Hope to raise Rs.30,000 crore from disinvestments.* New equity savings scheme ... Read more...

Posted in Business |

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