international monetary fund

IMF lowers 2012 growth outlook for South Korea


September 21st, 2012 - 2:22 pm ICT by IANS
Seoul, Sep 21 (IANS) The International Monetary Fund (IMF) lowered Friday its 2012 economic growth outlook for South Korea to 3 percent from 3.5 percent estimated in April, citing the ... Read more...

Posted in Business |

Austerity necessary to regain credibility: Greek PM


September 9th, 2012 - 7:14 pm ICT by IANS
Athens, Sep 9 (IANS) Greek Prime Minister Antonis Samaras has stressed that a fresh austerity package under discussion is necessary to regain credibility and overcome the threatening debt crisis."We are ... Read more...

Posted in Business |

Canada’s deficit down amid sluggish economy


September 1st, 2012 - 1:46 pm ICT by IANS
Ottawa, Sep 1 (IANS) While Canada appears to be on track in reducing its budgetary deficit, global economic uncertainty could stall the government's plan, the federal Finance Department warned.For the ... Read more...

Posted in Business |

`Colombia now South America’s No. 2 economy’


September 1st, 2012 - 12:48 pm ICT by IANS
Bogota, Sep 1 (IANS/EFE) Colombia has moved ahead of Argentina to become South America's second-largest economy, the outgoing Colombian finance minister said Friday."Colombia surpassed Argentina in GDP, we are the ... Read more...

Posted in Business |

Chinese president reaffirms support to Europe in debt crisis


August 31st, 2012 - 12:08 am ICT by IANS
Beijing, Aug 30 (IANS) Chinese President Hu Jintao said Thursday that China firmly supports Europe's efforts to overcome the debt crisis and the important role that the International Monetary Fund ... Read more...

Posted in World |

Singapore’s economy to grow in 2013: IMF


August 28th, 2012 - 12:48 pm ICT by IANS
Washington, Aug 28 (IANS) Singapore's economy would expand by 2.9 percent this year before firming up to 3.4 percent in 2013, and Singapore has ample policy space to mitigate the ... Read more...

Posted in Business |

Cash-strapped Greece cuts government jets


August 28th, 2012 - 10:29 am ICT by IANS
Athens, Aug 28 (IANS/RIA Novosti) The Greek government has officially announced it was getting rid of a set of three jets as part of the debt-laden country's cost-cutting efforts.A government ... Read more...

Posted in World |

India’s forex reserves decline by $250 million


August 25th, 2012 - 5:21 pm ICT by IANS
Mumbai, Aug 25 (IANS) India's foreign exchange (forex) reserves declined by $250 million to $288.91 billion for the week ended Aug 17, 2012, the Reserve Bank of India's (RBI) data ... Read more...

Posted in Business |

‘Deteriorating eurozone crisis may slow Chinese economy’


August 25th, 2012 - 2:39 pm ICT by IANS
Singapore, Aug 25 (IANS) A further deterioration in the eurozone debt crisis could slow China's economic growth, a team of economists said in a report. The economists from the National ... Read more...

Posted in Business |

Greek PM asks for ‘time to breathe’


August 25th, 2012 - 1:25 pm ICT by IANS
Berlin, Aug 25 (IANS) Greek Prime Minister Antonis Samaras has said his country does not want more aid but asked for "time to breathe". "We don't want more aid ... ... Read more...

Posted in Business |

Egypt urges IMF for $4.8 bn loan


August 23rd, 2012 - 9:03 am ICT by IANS
Cairo, Aug 23 (IANS) Egypt sought a $4.8 billion loan from the International Monetary Fund (IMF) during a meeting held between President Mohamed Morsi and Christine Lagarde, the IMF chief, ... Read more...

Posted in Business |

Karnataka targets Rs.4 trillion software exports by 2020


August 15th, 2012 - 6:01 pm ICT by IANS
Bangalore, Aug 15 (IANS) With about 40 percent share of software export from India, Karnataka has set an ambitious export target of a whopping Rs.4 trillion (Rs.4 lakh crore) ... Read more...

Posted in Sci-Tech |

India’s forex reserves rise to $289.15 bn


August 11th, 2012 - 5:30 pm ICT by IANS
Mumbai, Aug 11 (IANS) India's foreign exchange (forex) reserves grew by $502.2 million to $289.15 billion for the week ended Aug 3, 2012, the Reserve Bank of India's (RBI) data ... Read more...

Posted in Business |

India’s forex reserves rise by $1.31 billion


August 4th, 2012 - 3:39 pm ICT by IANS
Mumbai, Aug 4 (IANS) India's foreign exchange (forex) reserves grew by $1.31 billion to $288.64 billion for the week ended July 27, 2012, Reserve Bank of India data showed.The forex ... Read more...

Posted in Business |

`US should balance short-run, medium-term fiscal adjustment’


August 3rd, 2012 - 1:27 pm ICT by IANS
Washington, Aug 3 (IANS) US policymakers should balance their efforts at immediate and medium-term fiscal adjustment to avoid negative impact on the fragile US economic recovery, the International Monetary Fund ... Read more...

Posted in Business |

India’s forex reserves rise by $589 mn (Lead)


July 29th, 2012 - 6:56 pm ICT by IANS
Mumbai, July 29 (IANS) India's foreign exchange (forex) reserves grew by $589 million to $287.34 billion for the week ended July 20, central bank data showed.Foreign currency assets, the biggest ... Read more...

Posted in Business |

India’s forex reserves rise by $589 bn


July 29th, 2012 - 4:52 pm ICT by IANS
Mumbai, July 29 (IANS) India's foreign exchange (forex) reserves grew by $589 billion to $287.34 billion for the week ended July 20, central bank data showed.Foreign currency assets, the biggest ... Read more...

Posted in Business |

Spain told to take decisive actions to cope with crisis


July 28th, 2012 - 1:30 pm ICT by IANS
Washington, July 28 (IANS) The International Monetary Fund (IMF) has said that Spain needs to take "decisive actions" to tackle economic challenges and restore market confidence."The economy has entered an ... Read more...

Posted in Business |

Spain’s unemployment rate edges up


July 28th, 2012 - 12:24 pm ICT by IANS
Madrid, July 28 (IANS/EFE) Spain's economic crisis continued to take its toll on employment in the second quarter, with the jobless rate edging up to 24.6 percent overall and more ... 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 |

Chinese premier promises more jobs


July 18th, 2012 - 5:03 pm ICT by IANS
Beijing, July 18 (IANS) Chinese Premier Wen Jiabao has promised to generate more jobs, especially for fresh university graduates, migrant labourers and disabled people, even as the country's employment situation ... Read more...

Posted in World |

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 |

Italy’s public debt rises to record high


July 17th, 2012 - 3:13 pm ICT by IANS
Rome, July 17 (IANS) Italy's public debt hit a record high in May despite Rome's recent efforts to ease the overstretched finances, showed a central bank report.The national debt stood ... Read more...

Posted in Uncategorized |

IMF pares India’s growth to 6.1 percent


July 16th, 2012 - 8:37 pm ICT by IANS
Washington, July 16 (IANS) With global recovery weakening further, the International Monetary Fund (IMF) has marginally reduced India's growth projections from 6.8 percent to 6.1 percent for 2012 ... Read more...

Posted in World |

India’s forex reserves plunges by $336 million


July 14th, 2012 - 5:31 pm ICT by IANS
Mumbai, July 14 (IANS) India's foreign exchange reserves (forex) plunged by $336.5 million to $287.62 billion in the week ended July 6, data from India's central bank showed.The Reserve Bank ... Read more...

Posted in Business |

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 |

Yield on Spanish bonds climbs up


July 10th, 2012 - 10:52 am ICT by IANS
Madrid, July 10 (IANS/EFE) Investors pushed the yield on Spain's benchmark 10-year bond above 7 percent by the close of trading Monday as European Union finance ministers gathered in Brussels ... Read more...

Posted in Business |

India’s forex reserves grow by $1.36 bn


July 7th, 2012 - 4:03 pm ICT by IANS
Mumbai, July 7 (IANS) India's foreign exchange reserves (forex) grew by $1.36 billion to $289.992 billion for the week ended June 29, data from India's central bank showed.Foreign currency assets, ... Read more...

Posted in Business |

Spain’s recession to worsen, says minister


July 2nd, 2012 - 12:52 pm ICT by IANS
Navacerrada (Spain), July 2 (IANS/EFE) Spain's economic recession is getting worse, and the economic figures from the second quarter point to a "slightly greater" decline of the gross domestic product ... Read more...

Posted in Business |

India’s forex reserves grow to $289 bn


June 23rd, 2012 - 3:37 pm ICT by IANS
Mumbai, June 23 (IANS) India's foreign exchange reserves (forex) grew by $2 billion to $289.39 billion for the week ended June 15, official data showed.The forex recovered in the week ... Read more...

Posted in Business |

Russian government wants elderly to work beyond retirement


June 22nd, 2012 - 9:50 am ICT by IANS
Moscow, June 22 (IANS/RIA Novosti) Encouraging Russians to continue working after retirement can be an alternative to raising the retirement age, according to Russian Finance Minister Anton Siluanov."The issue of ... Read more...

Posted in World |

India, Germany to discus Eurozone crisis, Afghanistan


June 21st, 2012 - 4:03 pm ICT by IANS
New Delhi, June 21 (IANS) With the global financial crisis deepening, India and Germany will Friday discus the developments in the Eurozone, the fragile security situation in Afghanistan and the ... Read more...

Posted in Business |

G20 may contribute over $450 bn to IMF: Calderon


June 20th, 2012 - 11:10 am ICT by IANS
Los Cabos (Mexico), June 20 (IANS/RIA Novosti) The Group of Twenty (G20) major economies may contribute more than $450 billion to the International Monetary Fund (IMF), G20 summit host Mexican ... Read more...

Posted in Business |

PM calls for quick decision on hike in voting rights


June 20th, 2012 - 3:06 am ICT by IANS
Los Cabos (Mexico), June 20 (IANS) Prime Minister Manmohan Singh Tuesday welcomed the effort to increase the corpus of International Monetary Fund (IMF) to help Eurozone countries but said ... Read more...

Posted in Business |

India will grow faster: PM to ‘impatient’ citizens, investors (Lead)


June 19th, 2012 - 9:13 pm ICT by IANS
Los Cabos (Mexico), June 19 (IANS) Prime Minister Manmohan Singh Monday sought to send strong signals to fellow "impatient" citizens, global investors and, perhaps, skeptical rating agencies that he will ... Read more...

Posted in World |

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