liquidity

More steps soon for fiscal consolidation: Chidambaram


September 17th, 2012 - 11:24 pm ICT by IANS
New Delhi, Sep 17 (IANS) The government will take more steps in coming months to ensure fiscal consolidation and boost economic growth, Finance Minister P. Chidambaram said Monday.Talking to reporters ... Read more...

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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...

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South Korea’s money supply grows


August 8th, 2012 - 2:03 pm ICT by IANS
Seoul, Aug 8 (IANS) South Korea's money supply grew 0.4 percent in June from a month earlier due to an increase in money market trust (MMT) and time deposits caused ... Read more...

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Mexico’s central bank sells $281 mn to ease volatility


July 25th, 2012 - 11:57 am ICT by IANS
Mexico City, July 25 (IANS/EFE) The Banco de Mexico said it auctioned off $281 million on the domestic market to reduce volatility in the exchange rate of the peso, which ... Read more...

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Bankers ask RBI to ease liquidity


July 9th, 2012 - 6:17 pm ICT by IANS
Mumbai, July 9 (IANS) Top bankers Monday urged the Reserve Bank of India (RBI) to ease liquidity in the banking system to help revive industrial growth.Executives of leading lenders ... Read more...

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S&P; raises Tata Motors ratings


July 9th, 2012 - 5:38 pm ICT by IANS
New Delhi, July 9 (IANS) Global ratings agency Standard & Poor's (S&P;) Monday it has revised upward its rating on Tata Motors to 'BB' from 'BB-' due to the improved ... Read more...

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Inflation still above acceptable levels: Subbarao


June 19th, 2012 - 9:51 pm ICT by IANS
Mumbai, June 19 (IANS) Defending the Reserve Bank of India's decision not to cut key lending rates, Governor Duvvuri Subbarao said Tuesday inflation is still above acceptable levels and ... Read more...

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No additional grant, market borrowing limit extended: Mitra


June 18th, 2012 - 11:46 pm ICT by IANS
Kolkata, June 18 (IANS) West Bengal Finance Minister Amit Mitra Monday told the state assembly the central government has not provided any additional grant to the cash-strapped state, but extended ... Read more...

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Fitch downgrades JPMorgan Chase after huge loss


May 12th, 2012 - 3:29 pm ICT by IANS
New York, May 12 (IANS) Fitch Ratings downgraded JPMorgan Chase's long term debt rating to A+ from AA- after the bank revealed a stunning trading loss.The rating firm also placed ... Read more...

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What do ratings, outlook downgrades mean?


April 25th, 2012 - 7:52 pm ICT by IANS
New Delhi, April 25 (IANS) Ratings agency Standard & Poor's Wednesday cut its outlook on India to "negative" from "stable". What does it mean?Outlook indicates potential direction of ratings in ... Read more...

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SBI, Allahabad Bank cut interest rates


April 23rd, 2012 - 9:34 pm ICT by IANS
Mumbai, April 23 (IANS) The State Bank of India (SBI), the country's largest lender, said Monday that it will cut interest rates on term deposits by upto 1 percent.However, ... Read more...

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Banks lower interest rates taking cues from RBI policy


April 19th, 2012 - 9:00 pm ICT by IANS
Mumbai, April 19 (IANS) Leading lenders including ICICI Bank and Punjab National Bank Thursday announced cut in both lending and deposit rates, just two days after the Reserve Bank of ... Read more...

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South Korean banks’ foreign borrowing growth slows


April 18th, 2012 - 3:19 pm ICT by IANS
Seoul, April 18 (IANS) South Korean banks' foreign borrowing growth slowed last month as local lenders borrowed less loans from overseas amid easing external uncertainties, a financial watchdog said Wednesday.The ... Read more...

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Banks expected to pass on cost savings to borrowers


April 17th, 2012 - 7:27 pm ICT by IANS
Chennai, April 17 (IANS) The cut in reverse purchase (repo) rate by 50 basis points by the Reserve Bank of India (RBI) Tuesday would reduce the cost of funds for ... Read more...

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India’s central bank cuts interest rates to spur economy (Roundup)


April 17th, 2012 - 6:35 pm ICT by IANS
Mumbai, April 17 (IANS) The Reserve Bank of India (RBI) Tuesday cut some key rates by 50 basis points in a bid to push industrial growth and stimulate economy ... Read more...

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RBI may cut key lending rates by 25 basis points


April 16th, 2012 - 4:21 pm ICT by IANS
Mumbai, April 16 (IANS) India's central bank is expected to cut key lending rates by about 0.25 percent or 25 basis points, thereby releasing more funds in the economy, ... Read more...

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Might see further slash in CRR by RBI: HSBC (Lead)


April 13th, 2012 - 12:45 am ICT by IANS
Kolkata, April 12 (IANS) British banking company HSBC Thursday said it is expecting a slash in cash reserve ratio (CRR) during the Reserve Bank of India (RBI)'s credit policy announcement ... Read more...

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CRR slash a cause for worry: HSBC


April 13th, 2012 - 12:00 am ICT by IANS
Kolkata, April 12 (IANS) The British banking company, HSBC Thursday said it is expecting a slash in cash reserve ratio (CRR) during the Reserve Bank of India (RBI)'s credit policy ... Read more...

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Sibal launches 4G, admits 3G has ‘not successful’ (Lead)


April 10th, 2012 - 2:45 pm ICT by IANS
Kolkata, April 10 (IANS) Launching Airtel's 4G services in Kolkata Tuesday, Telecom Minister Kapil Sibal admitted that 3G services have not been as popular as 2G due to lack of ... Read more...

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Assocham wants laws on securities contract amended


April 8th, 2012 - 7:28 pm ICT by IANS
New Delhi, April 8 (IANS) Industry lobby Assocham Sunday urged the government to revamp rules governing forward and option contracts in securities for a healthy financial sector in the country."No ... Read more...

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RBI governor meets Mukherjee ahead of policy review


April 3rd, 2012 - 7:15 pm ICT by IANS
New Delhi, April 3 (IANS) Reserve Bank of India Governor D. Subbarao Tuesday met Finance Minister Pranab Mukherjee to discuss the macro-economic situation, two weeks ahead of the monetary ... Read more...

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Moody’s raises South Korea’s credit outlook to positive


April 2nd, 2012 - 1:28 pm ICT by IANS
Seoul, April 2 (IANS) Global credit rating agency Moody's raised its outlook for South Korea's long-term sovereign credit rating to positive from stable, the country's finance ministry said Monday.According to ... Read more...

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US stocks flat after Fed-fuelled rally


March 28th, 2012 - 3:55 am ICT by IANS
New York, March 28 (IANS) US stocks traded flat Tuesday after major indexes jumped to 2012 highs in a central bank-fuelled rally.In midday trading, the Dow Jones industrial average dipped ... Read more...

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`Worst of Eurozone crisis is over’


March 23rd, 2012 - 2:07 pm ICT by IANS
Frankfurt, March 23 (IANS) The worst of the Eurozone crisis is over and the situation is stabilizing, European Central Bank (ECB) president Mario Draghi has been quoted as saying.Draghi made ... Read more...

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Inflation still a concern for RBI as rates left unchanged (Lead)


March 15th, 2012 - 1:24 pm ICT by IANS
Mumbai, March 15 (IANS) Containing inflation remains the foremost priority for the Reserve Bank of India (RBI), which decided Thursday to keep key interest rates unchanged in its mid-quarter ... Read more...

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Reserve Bank of India keeps rates unchanged


March 15th, 2012 - 12:50 pm ICT by IANS
Mumbai, March 15 (IANS) In line with expectations, the Reserve Bank of India (RBI) Thursday decided to keep key interest rates unchanged in its mid-quarter monetary policy decision."On the basis ... Read more...

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RBI mid-quarter review Thursday


March 14th, 2012 - 9:29 pm ICT by IANS
Mumbai, March 14 (IANS) Financial markets and industries are hoping for a rate cut in the Reserve Bank of India's mid-quarter review of its monetary policy Thursday."We expect the RBI ... Read more...

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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...

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Jewellers demand abolition of gold units


March 13th, 2012 - 11:07 pm ICT by IANS
Kolkata, March 13 (IANS) An apex body of jewellers Tuesday urged the government to do away with gold units in Exchange Traded Funds or impose 25 percent commodity transaction tax ... Read more...

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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...

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South Korean money supply growth unchanged in December 2011


February 8th, 2012 - 2:37 pm ICT by IANS
Seoul, Feb 8 (IANS) South Korea's money supply growth stayed unchanged in December 2011 year due to a base effect, the central bank said Wednesday.The country's M2, so-called broad money, ... Read more...

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RBI for more open market operations


January 30th, 2012 - 11:52 pm ICT by IANS
Chennai, Jan 30 (IANS) India's central bank is open to more open market operations to address the issue of liquidity, said a senior official Monday."We are open to more open ... Read more...

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Ford’s net income stands at $20.2 bn in 2011


January 28th, 2012 - 2:44 pm ICT by IANS
Chicago, Jan 28 (IANS) Auto makers Ford announced Friday it posted a net income of $20.2 billion in 2011, the third consecutive year of the company's increased operating profits.Ford's 2011 ... Read more...

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Ford posts $20.2 bn net income


January 28th, 2012 - 4:58 am ICT by IANS
Washington, Jan 28 (IANS) Ford Friday posted a net income of $20.2 billion in 2011, the third consecutive year of the company's increased operating profits.The company's 2011 net income, equal ... Read more...

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Sensex quiet in morning trade, above 17,000


January 25th, 2012 - 11:54 am ICT by IANS
Mumbai, Jan 25 (IANS) A benchmark index for Indian equities was ruling quiet in morning trade but managed to cross the 17 000 mark Wednesday, a day after rallying ... Read more...

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