Spain blames Europe growth concerns for debt-risk premium rise
April 6th, 2012 - 12:31 pm ICT by IANS
Malaga (Spain), April 6 (IANS/EFE) Spain's economy and competitiveness minister on Thursday blamed a sharp rise in the country's debt-risk premium to market volatility triggered by "doubts about growth in ... Read more...
Posted in Business |
Pranab asks banks to take belt tightening measures
January 6th, 2012 - 9:01 pm ICT by IANS
Chennai, Jan 6 (IANS) Finance Minister Pranab Mukherjee Friday asked Indian banks to scale down their advances to risky businesses to protect their asset quality."The non-performing assets ... Read more...
Posted in Business |
‘Qualified foreign investors can directly invest in equity markets’
January 1st, 2012 - 7:27 pm ICT by IANS
New Delhi, Jan 1 (IANS) Worried over valuation losses at the Indian stock exchanges, the central government Sunday allowed qualified foreign investors (QFIs) to directly invest in equity markets ... Read more...
Posted in Business |
CPI-M blames government for inflation
November 24th, 2011 - 5:13 pm ICT by IANS
New Delhi, Nov 24 (IANS) The Communist Party of India-Marxist (CPI-M) Thursday blamed the government for rising food prices and sought a ban on futures trading in sugar, wheat and ... Read more...
Posted in Politics |
Systemic failure blamed for Bangladesh share market crisis
April 7th, 2011 - 8:43 pm ICT by IANS
Dhaka, April 7 (IANS) A probe committee said Thursday that systemic failure has allowed massive manipulation of the stock exchanges in Bangladesh, and also dismissed the view that political ... Read more...
Posted in Business |
Some millionaires do not feel wealthy: Fidelity survey
March 15th, 2011 - 6:49 pm ICT by ANI
Washington, Mar.15 (ANI): Four out of ten respondents in a survey conducted by Fidelity Institutional Wealth have said that they do not feel wealthy, even though they reported an average of 3.5 ... Read more...
Posted in World |
Misunderstood risks in investment drive financial market instability: Study
December 18th, 2010 - 5:19 pm ICT by ANI
Washington, Dec 18 (ANI): According to a new study, our incomplete or incorrect understanding of how decisions in the present affect future options means that we may underestimate the risk associated with ... Read more...
Posted in Business |
Moody’s downgrades Spanish debt
October 1st, 2010 - 12:16 pm ICT by IANS
Madrid, Oct 1 (IANS/EFE) Rating agency Moody's Investor Service Thursday downgraded Spain's sovereign debt by one notch from AAA to Aa1 with a stable outlook, citing weak economic growth prospects and other ... Read more...
Posted in Business |
Obama asks G-20 leaders to boost reforms for recovery
June 19th, 2010 - 11:16 am ICT by IANS
By Arun Kumar
Washington, June 19 (IANS) US President Barack Obama has urged the world's top 20 economies to work together to boost reforms and take aggressive actions to repair the worst ... Read more...
Posted in Business |
IMF warns Asia of spillovers from European crisis
June 9th, 2010 - 12:05 pm ICT by IANS
Singapore, June 9 (DPA) A top International Monetary Fund (IMF) official Wednesday warned Asia of possible spillovers from the European debt crisis, but said the region was in a good position to ... Read more...
Posted in Business |
India signs accord with International Energy Agency
October 26th, 2009 - 10:35 pm ICT by IANS
New Delhi, Oct 26 (IANS) The petroleum and natural gas ministry's in-house planning cell has signed an agreement with the International Energy Agency for cooperation in oil and gas sector.
According to a ... Read more...
Posted in Business |
US stocks climb on hope that recession could be ending
June 19th, 2009 - 6:20 am ICT by IANS
New York, June 19 (DPA) Major US stock indices made gains for the first time this week Thursday after a streak of reports suggested the country's recession may be coming to an ... Read more...
Posted in Business |
Credit Suisse reports $1.71 bn profit in first quarter
April 23rd, 2009 - 3:07 pm ICT by IANS
Geneva, April 23 (DPA) Banking giant Credit Suisse Group reported Thursday a net profit of 2 billion Swiss francs ($1.71 billion) in the first quarter of 2009, in part owing to a ... Read more...
Posted in World |
Worst-ever year for IPOs in Canadian markets
January 7th, 2009 - 2:00 pm ICT by IANS
Toronto, Jan 7 (IANS) With the global meltdown gripping developed and developing economies, 2008 proved to be the worst year for initial public offerings (IPOs) in Canadian markets, says a PricewaterhouseCoopers (PwC) ... Read more...
Posted in Business |
‘Investment market still robust despite slowdown’
November 17th, 2008 - 9:15 pm ICT by IANS
New Delhi, Nov 17 (IANS) Leading non-banking finance company SKS Microfinance, which added 400,000 customers last month, Monday said the investment market in India was still robust despite the market volatility."We added ... Read more...
Posted in Business |
Panic, recession worries pull Indian equities down (Weekly Review)
October 25th, 2008 - 2:29 pm ICT by IANS
Mumbai, Oct 25 (IANS) Worries over a global slowdown and large-scale selling by foreign funds led Indian equities to witness one of the most volatile sessions during the week ended Friday and ... Read more...
Posted in Business |
Reserve Bank surprises bankers, analysts
October 24th, 2008 - 4:54 pm ICT by IANS
Mumbai/Chennai, Oct 24 (IANS) The central Reserve Bank of India (RBI) surprised bankers and analysts Friday by keeping its key lending rates unchanged in its mid-term review of monetary policy, after it ... Read more...
Posted in Business |
Gold coins to be sold through post offices
October 15th, 2008 - 6:33 pm ICT by IANS
New Delhi, Oct 15 (IANS) India Post, the country's postal services, will start selling 24-carat gold coins through its post offices, the government announced here Wednesday. The coins will be available in ... Read more...
Posted in Business |
ICICIdirect.com launches online trading facility for NRIs in Dubai
October 7th, 2008 - 11:57 am ICT by ANI
Dubai , Oct 7 (ANI): ICICIdirect.com, a major online trading platform in India , launched its online Futures and Options (F&O) trading service for non-resident Indians (NRIs), here last evening.The ... Read more...
Posted in National |
Treasury losses hit Syndicate Bank profits by 60 percent
July 29th, 2008 - 9:26 pm ICT by IANS
Bangalore, July 29 (IANS) A loss of Rs 2.61 billion from treasury operations has lowered the net profit of Syndicate Bank by a whopping 60 percent for the April-June first quarter of ... Read more...
Posted in Business |
South-East Asia’s wealth management sector booming
April 22nd, 2008 - 2:14 pm ICT by admin
DPA
Singapore, April 22 (DPA) South-East Asia is seen as second only to China in growth potential for the wealth management field, a published survey said Tuesday. Some 60 percent of the wealth ... Read more...
Posted in Business |