market confidence

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 |

Moody’s downgrades Italy debt rating


July 13th, 2012 - 2:08 pm ICT by IANS
New York, July 13 (IANS) Ratings agency Moody's Investors Service has downgraded Italy's government bond rating two notches over concerns that the country is more likely to experience a further ... Read more...

Posted in Business |

China steel industry eyes brisk business


June 8th, 2012 - 3:20 pm ICT by IANS
Beijing, June 8 (IANS) The Chinese steel industry will witness a surge in demand due to government approval of major infrastructure projects in the country, experts said.The State Council announced ... Read more...

Posted in Business |

Britain not to fund EU bank bailouts


June 3rd, 2012 - 11:33 pm ICT by IANS
London, June 3 (IANS) Ahead of the European Commission revealing plans to rescue and winddown failing lenders on the ccontinent as the Spanish banking crisis mounts, Britain has ruled out ... Read more...

Posted in World |

China can achieve this year’s development goals: Wen


May 13th, 2012 - 4:19 pm ICT by IANS
Beijing, May 13 (IANS) China has the confidence, conditions and capabilities to achieve this year's development goals, Premier Wen Jiabao said Sunday at a trilateral business summit between China, Japan ... Read more...

Posted in Business |

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...

Posted in Uncategorized |

Brazil, Mexico settle dispute over auto exports


March 17th, 2012 - 12:07 pm ICT by IANS
Mexico City, March 17 (IANS/EFE) Mexico and Brazil have modified their accord regulating bilateral trade in automobiles, including agreeing to cap the value of their vehicle exports over next three ... Read more...

Posted in Uncategorized |

Facebook IPO boosts growth of Chinese sites


February 3rd, 2012 - 7:52 pm ICT by IANS
Beijing, Feb 3 (IANS) Facebook's planned initial public offering (IPO) will give impetus to China's social networking sites and boost their development, industry leaders here said.Facebook filed with the ... Read more...

Posted in Business |

India’s fiscal deficit projected to fall


January 24th, 2012 - 10:01 pm ICT by IANS
Washington, Jan 24 (IANS) In India, the cyclically adjusted deficit is projected to fall by about 0.50 percent of GDP this year, according to the International Monetary Fund (IMF).However, the ... Read more...

Posted in Business |

Mario Monti is Italy’s new PM (Lead)


November 14th, 2011 - 3:32 am ICT by IANS
Rome, Nov 14 (IANS) Mario Monti, an eminent economist and former European commissioner, was Sunday appointed as Italy's new prime minister.President Giorgio Napolitano has asked Monti to head the new ... Read more...

Posted in Uncategorized |

World’s major economies should work together : Hu (Second Lead)


November 4th, 2011 - 7:53 am ICT by IANS
Cannes, Nov 4 (IANS) Chinese President Hu Jintao Thursday urged the world's major economies to work together to promote growth and financial stability."It is imperative that we stand on a ... Read more...

Posted in World |

World’s major economies should work together : Hu (Lead)


November 4th, 2011 - 7:39 am ICT by IANS
Cannes, Nov 4 (IANS) Chinese President Hu Jintao Thursday urged the world's major economies to work together to promote growth and financial stability."It is imperative that we stand on a ... Read more...

Posted in World |

Canadian PM urges G20 Summit to restore market confidence


October 19th, 2011 - 2:21 pm ICT by IANS
Ottawa, Oct 19 (IANS) Prime Minister Stephen Harper has called on G20 leaders to restore market confidence with concrete policy commitments at their upcoming summit in Cannes, France.Harper, in a ... Read more...

Posted in Business |

Two French banks downgraded by Moody’s


September 14th, 2011 - 5:39 pm ICT by IANS
Paris, Sep 14 (IANS) Financial ratings agency Moody's Wednesday downgraded two leading French banks, Societe Generale and Credit Agricole SA. The US-based agency has cut Credit Agricole's rating from AA1 ... Read more...

Posted in Business |

Wall Street snaps three-day rally


August 17th, 2011 - 5:54 am ICT by IANS
New York, Aug 17 (IANS) Wall Street ended a choppy session in the red after three straight gains as comments from German and French leaders failed to ease market concerns ... Read more...

Posted in Business |

US stocks rise after choppy trading


August 13th, 2011 - 5:24 am ICT by IANS
New York, Aug 13 (IANS) US stocks rose Friday after choppy trading on a series of mixed economic data, enabling the investors a less anxious weekend, Xinhua reported.Despite the two-day ... Read more...

Posted in Business |

Mumbai terror attack won’t shake market confidence: Pranab


July 14th, 2011 - 6:51 pm ICT by IANS
New Delhi, July 14 (IANS) Condemning Wednesday's Mumbai terror attack in which 17 people were killed and 131 others injured, Finance Minister Pranab Mukherjee Thursday said it was a ... Read more...

Posted in Business |

Google on hiring spree in China


July 31st, 2010 - 9:52 pm ICT by IANS
Beijing, July 31 (IANS) Search giant Google Inc, that saw many top engineers and executives leaving the company after its recent standoff with the Chinese government, has gone on a hiring spree ... Read more...

Posted in Business |

Google on hiring spree in China


July 31st, 2010 - 1:51 pm ICT by ANI
New Delhi, July 31 (ANI): Search engine giant Google has embarked on a hiring spree in China, despite its recent censorship-related problems with the government that saw many top engineers and executives ... Read more...

Posted in World |

Bank stress tests prove strength, says EU


July 24th, 2010 - 6:04 am ICT by IANS
London/Brussels/Madrid, July 24 (DPA) European Union "stress tests" on the bloc's banks prove that the EU financial sector is sound because just seven out of 91 lenders - five of them Spanish ... Read more...

Posted in Business |

Spanish parliament approves labour market reform


June 23rd, 2010 - 6:14 am ICT by IANS
Madrid, June 23 (DPA) The Spanish parliament Tuesday approved a controversial labour reform in a vote marked by the abstentions of most legislators. The reform is meant to make Spain's rigid labour market ... Read more...

Posted in Politics |

Sensex rises in tandem with world markets (Weekly market review)


May 29th, 2010 - 3:18 pm ICT by IANS
Mumbai, May 29 (IANS) Indian equities advanced this week as concern about the euro zone debt crisis eased a bit after China assured the world it was not selling European bonds ... Read more...

Posted in Business |

World Economic Forum on Europe opens as rescue package is announced


May 11th, 2010 - 5:19 am ICT by BNO News
BRUSSELS (BNO NEWS) -- The World Economic Forum on Europe on Monday opened with the participation of over 400 leaders from businesses, governments, academia, and civil societies from over 40 countries as ... Read more...

Posted in Business |

IMF approves 30-billion-euro loan to Greece


May 10th, 2010 - 7:59 am ICT by IANS
Washington, May 10 (DPA) The International Monetary Fund (IMF) Sunday approved a three-year, 30-billion-euro ($38-billion) loan to Greece, the IMF said at its headquarters in Washington. The loan is part of a 110-billion-euro, ... Read more...

Posted in Business |

Challenges to restoring financial stability remain: IMF


April 21st, 2009 - 9:14 pm ICT by IANS
By Arun Kumar Washington, April 21 (IANS) Warning that significant challenges to restoring financial stability remain despite an unprecedented policy response to the global economic crisis, the International Monetary Fund (IMF) has called ... Read more...

Posted in Business |

ASEAN leaders want proactive action for financial stability


March 1st, 2009 - 2:02 pm ICT by IANS
Hua Hin (Thailand), March 1 (Xinhua) ASEAN leaders Sunday stressed the necessity of proactive and decisive actions to restore market confidence and ensure continued financial stability as the global economic downturn was ... Read more...

Posted in Business |

It’s business as usual, says Citibank India after US bailout (Lead)


November 25th, 2008 - 8:13 pm ICT by IANS
New Delhi, Nov 25 (IANS) Following the $20-billion bailout package announced by the US government, the beleaguered Citigroup Tuesday said its Indian operations were on track and that it was business as ... Read more...

Posted in Business |

China hails Obama’s economic team, pledges cooperation


November 25th, 2008 - 7:46 pm ICT by IANS
Beijing, Nov 25 (Xinhua) China Tuesday congratulated Obama's economic team, saying the country would like to work with the new administration to promote bilateral ties. "We noticed that US President-elect Barack Obama ... Read more...

Posted in Uncategorized |

Its business as usual, says Citibank India after US bailout


November 25th, 2008 - 5:20 pm ICT by IANS
New Delhi, Nov 25 (IANS) Following the $20 billion bailout package announced by the US government, the beleaguered Citigroup Tuesday said its Indian operations were on track and that it was business ... Read more...

Posted in Uncategorized |

EU proposes strict rules for credit rating agencies


November 12th, 2008 - 10:57 pm ICT by IANS
Brussels, Nov 12 (DPA) The European Commission Wednesday proposed tough rules designed to improve the functioning of credit rating agencies (CRAs), whose misjudgements were partly to blame for the global financial crisis.The ... Read more...

Posted in Uncategorized |

China’s oil refiners report huge losses


November 6th, 2008 - 1:31 pm ICT by IANS
Beijing, Nov 6 (Xinhua) China's oil refiners suffered losses of more than 120 billion yuan ($17.58 billion) in the first nine months, China Petroleum and Chemical Industry Association (CPCIA) has said.Global financial ... Read more...

Posted in Business |

Wall Street soars in biggest election day rally since 1984


November 5th, 2008 - 7:34 am ICT by IANS
New York, Nov 5 (DPA) As millions voted to choose a new US president, stocks soared Tuesday in the largest presidential election day rally since 1984, with the Dow gaining more than ... Read more...

Posted in Business |

Nikkei recovers to 9,000 level (Lead)


November 4th, 2008 - 3:51 pm ICT by IANS
Tokyo, Nov 4 (DPA) Tokyo stocks ended Tuesday trading higher with the benchmark Nikkei index rising above 9,000 level as the market confidence was regained on a series of economic stimulus packages ... Read more...

Posted in World |

Chinese companies apologize for toxic baby food formula


October 13th, 2008 - 3:12 pm ICT by IANS
Beijing, Oct 13 (RIA Novosti) China's three leading dairy companies have apologized for their involvement in the melamine-tainted milk crisis, the China Daily newspaper has reported. According to official statistics, over 50,000 ... Read more...

Posted in Health Science |

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