Spain auction sees lower borrowing costs for benchmark bond
September 21st, 2012 - 12:05 pm ICT by IANS
Madrid, Sep 21 (IANS/EFE) Spain's Treasury sold 4.8 billion euros ($6.2 billion) worth of debt Thursday in an auction that attracted strong demand, paying a sharply lower interest rate on ... Read more...
Posted in Business |
Government may allow foreign players to bid alone in 2G auction
September 6th, 2012 - 10:45 pm ICT by IANS
New Delhi, Sep 6 (IANS) The government may allow foreign players to participate in the upcoming 2G auction without an Indian partner and form a joint venture later, a senior ... Read more...
Posted in Sci-Tech |
SBI cuts interest rates on NRE deposits by 0.50 percent
September 5th, 2012 - 5:54 pm ICT by IANS
New Delhi, Sep 5 (IANS) State Bank of India (SBI), the country's largest lender, said Wednesday it will cut interest rates on fixed deposits on non-resident external rupee (NRE) ... Read more...
Posted in Uncategorized |
SBI cuts fixed deposit rates by up to 1 percent
September 5th, 2012 - 5:21 pm ICT by IANS
New Delhi, Sep 5 (IANS) The country's largest lender State Bank of India (SBI) said Wednesday it will cut interest rates on term deposits by 0.50 percent to 1 ... Read more...
Posted in Business |
South Korean economy shows weaker growth momentum
August 9th, 2012 - 1:44 pm ICT by IANS
Seoul, Aug 9 (IANS) The South Korean economy has seen a weakening growth momentum due to lacklustre exports and domestic demand, the central bank said Thursday."The domestic economy showed weaker ... Read more...
Posted in Business |
PNB hikes interest rate on fixed deposit by 0.25 percent
August 2nd, 2012 - 5:31 pm ICT by IANS
Mumbai, Aug 2 (IANS) The government-run Punjab National Bank Thursday hiked interest rates on term deposit of one year period by 0.25 percent to 9 percent for both domestic and ... Read more...
Posted in Business |
Nabard sanctions Rs.70 crore loan to Himachal
July 24th, 2012 - 8:40 pm ICT by IANS
Shimla, July 24 (IANS) The National Bank for Agriculture and Rural Development (Nabard) has sanctioned Rs.70.24 crore for rural infrastructure development in Himachal Pradesh, an official said here Tuesday.Funds have ... Read more...
Posted in Business |
Brazil cuts basic interest rate to record low
July 12th, 2012 - 1:45 pm ICT by IANS
Rio de Janeiro, July 12 (IANS) Brazil's central bank cut its benchmark Selic interest rate Wednesday by half a percentage point to a record low of 8 percent in the ... Read more...
Posted in Business |
Sensex closes 244 points down as RBI rate cut hopes fade (Second Lead)
June 18th, 2012 - 5:48 pm ICT by IANS
Mumbai, June 18 (IANS) A benchmark index of Indian equities markets Monday closed the day's trade down 244 points at 16,705.83 points, as hopes of a rate-cut by the ... Read more...
Posted in Business |
Sensex drops 162.32 points as RBI rate cut hope fades away
June 18th, 2012 - 3:34 pm ICT by IANS
Mumbai, June 18 (IANS) A benchmark index of Indian equities markets was Monday down 162.32 points around 1.00 p.m. and stood at 16,787.51 points, as hopes of a rate-cut ... Read more...
Posted in Business |
China cuts fuel prices
June 9th, 2012 - 2:31 pm ICT by IANS
Beijing, June 9 (IANS) Petrol and diesel prices have been cut for the second time in a month in China amid growing government efforts to reverse a sharp slowdown in ... Read more...
Posted in Business |
RBI removes penalty on prepayment of home loans
June 5th, 2012 - 11:04 pm ICT by IANS
Mumbai, June 5 (IANS) The Reserve Bank of India (RBI) Tuesday announced removal of foreclosure charges/prepayment penalty on home loans with floating interest rates.In a notification, the central bank said ... Read more...
Posted in Business |
Banerjee admits debt-ridden farmers contemplate suicide
June 1st, 2012 - 6:10 pm ICT by IANS
Sagar Island (West Bengal), June 1 (IANS) West Bengal Chief Minister Mamata Banerjee Friday conceded that there were "debt-ridden peasants who contemplated committing suicides"."There are many farmers who take ... Read more...
Posted in Business |
GPF interest rate raised to 8.8 percent
May 24th, 2012 - 9:16 pm ICT by IANS
New Delhi, May 24 (IANS) The government Thursday said deposits under the General Provident Fund (GPF) will attract 8.8 percent interest in 2012-13 against 8.6 percent in the previous year."The ... Read more...
Posted in Business |
Spain’s borrowing costs rise sharply in bond auction
May 18th, 2012 - 12:14 pm ICT by IANS
Madrid, May 18 (IANS/EFE) Spain's Treasury auctioned 2.5 billion euros ($3.18 billion) worth of bonds maturing in 2015 and 2016 Thursday, but was forced to pay sharply higher interest rates.The ... Read more...
Posted in Business |
Australia cuts cash rate to boost growth
May 1st, 2012 - 3:04 pm ICT by IANS
Sydney, May 1 (IANS) The Reserve Bank of Australia (RBA) announced Tuesday that it decided to cut the official interest rate by 50 basis points.The RBA board Tuesday cut the ... Read more...
Posted in Business |
RBI not to interfere in bank service charges
April 26th, 2012 - 7:52 pm ICT by IANS
Hyderabad, April 26 (IANS) The Reserve Bank of India (RBI) will not stop banks from collecting charges for various services or insist on a minimum balance, as it is the ... Read more...
Posted in Business |
Dhumal wants lower interest rate on NABARD loans
April 20th, 2012 - 9:04 pm ICT by IANS
Shimla, April 20 (IANS) Himachal Pradesh Chief Minister Prem Kumar Dhumal Friday called for a cut in the interest rate on the National Bank for Agriculture and Rural Development (Nabard) ... Read more...
Posted in Business |
Slow growth, high interest could impede loan growth: HSBC
April 12th, 2012 - 6:31 pm ICT by IANS
Kolkata, April 12 (IANS) HSBC, Europe's biggest bank, Thursday said India's slow growth rate and high interest rates could hurt loan growth in the country going ahead."I think we ... Read more...
Posted in Business |
Japan’s central bank freezes key interest rate
April 10th, 2012 - 4:22 pm ICT by IANS
Tokyo, April 10 (IANS) The Japanese central bank decided Tuesday to keep its key interest rate unchanged and refrained from fresh monetary easing steps, dashing market hopes.The Bank of Japan ... Read more...
Posted in Business |
China to sell nearly $5 bn in T-bonds
April 10th, 2012 - 4:10 am ICT by IANS
Beijing, April 10 (IANS) China will sell 30 billion yuan ($4.76 billion) in seven-year book-entry treasury bonds, the finance ministry announced Monday.This issuance is in addition to the ministry's fifth ... Read more...
Posted in Business |
Lowered inflation may spur growth: Brazil
April 6th, 2012 - 3:48 pm ICT by IANS
Rio de Janeiro, April 6 (IANS) Brazil's inflation is under control as latest statistics show the inflation rate dropped to its lowest level since July 2011, Finance Minister Guido Mantega ... Read more...
Posted in Business |
Spain raises 2.59 bn euros in bond sale
April 5th, 2012 - 11:57 am ICT by IANS
Madrid, April 5 (IANS/EFE) Spain's Treasury raised 2.59 billion euros ($3.4 billion) Wednesday in an auction of bonds maturing in 2015, 2016 and 2020, but paid sharply higher interest rates ... Read more...
Posted in Uncategorized |
US stocks fall as stimulus hopes fade
April 5th, 2012 - 12:46 am ICT by IANS
New York, April 4 (IANS) US stocks continued to fall Wednesday as investors were told that the Federal Reserve was not willing to launch more stimulus measures amid steady improvement ... Read more...
Posted in Business |
US stocks rally after Bernanke’s remarks
March 27th, 2012 - 3:35 am ICT by IANS
New York, March 27 (IANS) US stocks rallied Monday after the Federal Reserve Chairman Ben Bernanke said the central bank will bolster the economy despite signs of stronger recovery.During a ... Read more...
Posted in Business |
Interest rates on small savings raised by up to 0.50 percent
March 26th, 2012 - 8:57 pm ICT by IANS
New Delhi, March 26 (IANS) The government Monday announced raising of interest rates on small savings such as National Savings Certificate (NSC), Public Provident Fund (PPF) and post office deposits ... 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 |
Tamil Nadu power units to raise Rs.11,000 crore
March 12th, 2012 - 10:58 pm ICT by IANS
Chennai, March 12 (IANS) State-owned Tamil Nadu Generation and Distribution Corporation Ltd (Tangedco) and Tamil Nadu Power Finance Corporation would together raise around Rs.11,000 crore through bonds and government guarantees, ... Read more...
Posted in Business |
Industrial output rebounds in January, grows at 6.8 percent
March 12th, 2012 - 2:05 pm ICT by IANS
New Delhi, March 12 (IANS) Helped by a robust show by the manufacturing sector, especially consumer goods, India's industrial output in January expanded at a fast paced 6.8 percent when ... Read more...
Posted in Business |
China may cut interest rates
February 27th, 2012 - 1:39 pm ICT by IANS
Beijing, Feb 27 (IANS) An uncertain outlook for overseas markets could lead to a cut in Chinese interest rates, according to a report.The report was jointly released by Xiamen University, ... Read more...
Posted in Business |
US stocks slightly lower in thin trading
January 27th, 2012 - 3:53 am ICT by IANS
New York, Jan 27 (IANS) US stocks were slightly lower in thin trading Thursday amid earning reports, economic data and the Federal Reserve's decision to keep low interest rate, Xinhua ... Read more...
Posted in Business |
Japan to lend $63 mn to Bangladesh
January 26th, 2012 - 5:56 am ICT by IANS
Dhaka, Jan 26 (IANS) Japan will lend $63 million to Bangladesh for a maternal and child health project.The money will be used in training health workers and upgrading facilities and ... Read more...
Posted in Uncategorized |
Canada holds bank rate at 1 percent
January 18th, 2012 - 6:06 pm ICT by IANS
Ottawa, Jan 18 (IANS) The Bank of Canada announced Tuesday that it is maintaining its target for the overnight interest rate at 1 percent.The bank rate is correspondingly 1 1/4 ... Read more...
Posted in Business |
PNB raises interest rate on NRE term deposits
December 27th, 2011 - 6:03 pm ICT by IANS
Mumbai, Dec 27 (IANS) The Punjab National Bank (PNB), the country's second largest public sector lender, Tuesday said it will hike interest rates on non-resident external (NRE) accounts to 9.25 ... Read more...
Posted in Business |
SBI, PNB hike interest rate on NRE term deposits (Lead)
December 27th, 2011 - 6:02 pm ICT by IANS
Mumbai, Dec 27 (IANS) State Bank of India (SBI), the country's largest lender, and Punjab National Bank (PNB) Tuesday said they would more than double interest rates on non-resident ... Read more...
Posted in Business |