Bernanke hints at moves to aid US labour market, recovery
September 1st, 2012 - 2:52 pm ICT by IANS
Washington, Sep 1 (IANS) US Federal Reserve Chairman Ben Bernanke has hinted that the central bank might provide further monetary easing steps to improve the US labour market and broader ... Read more...
Posted in Business |
Wall Street mixed on Fed’s modest action
June 21st, 2012 - 9:06 am ICT by IANS
New York, June 21 (IANS) US stocks ended mixed Wednesday on the Federal Reserve's modest monetary policy.The Fed said Wednesday that it will continue Operation Twist through the end of ... Read more...
Posted in Business |
Wall Street rises on monetary easing hopes
June 20th, 2012 - 7:57 am ICT by IANS
New York, June 20 (IANS) US stocks closed higher Tuesday as investors' expectations of further monetary easing policy by the Federal Reserve boosted the market, while positive news from Europe ... Read more...
Posted in Business |
IMF hails China’s monetary adjustment
June 9th, 2012 - 2:38 pm ICT by IANS
Beijing, June 9 (IANS) China's adjustment of monetary policies to stabilize growth and its determination to support higher quality growth has won praise from the International Monetary Fund (IMF)."We support ... Read more...
Posted in World |
IMF chief urges balanced policies for higher, better growth
May 8th, 2012 - 3:32 pm ICT by IANS
Washington, May 8 (IANS) Global policymakers should strike a balance between austerity and growth in designing economic policies to deliver faster and better growth, as fiscal adjustment and other headwinds ... Read more...
Posted in Business |
US, Brazil agree to closer defence ties
April 10th, 2012 - 11:50 am ICT by IANS
Washington, April 10 (IANS/EFE) US President Barack Obama and Brazil's President Dilma Rousseff agreed here Monday to increase defence cooperation and facilitate tourism and business travel between their two ... Read more...
Posted in Uncategorized |
Huge capital inflows from West hurting us: BRICS
March 29th, 2012 - 7:49 pm ICT by IANS
New Delhi, March 29 (IANS) The world's leading emerging economies Thursday asked for increased global cooperation to stem excessive capital inflows into their respective countries as it could play havoc ... Read more...
Posted in World |
India, Spain to hold civil society dialogue
March 20th, 2012 - 5:13 pm ICT by IANS
New Delhi, March 20 (IANS) Diplomats, parliamentarians, entrepreneurs, academics, journalists and other social agents from Spain and India will meet here for two days from Wednesday for the 6th India-Spain ... Read more...
Posted in Uncategorized |
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...
Posted in Business |
China to continue proactive fiscal, prudent monetary policies
March 5th, 2012 - 2:09 pm ICT by IANS
Beijing, March 5 (IANS) China will continue to follow a proactive fiscal policy and a prudent monetary policy in 2012 and make policies more targeted, flexible and forward-looking, according to ... Read more...
Posted in Business |
IMF advises caution on policy easing to India
March 2nd, 2012 - 11:21 am ICT by IANS
Washington, March 2 (IANS) Noting that the global recovery had suffered a setback, the International Monetary Fund (IMF) has advised India and other emerging economies with high inflation and public ... Read more...
Posted in Business |
China money supply to increase 14 percent
February 18th, 2012 - 10:42 pm ICT by IANS
Beijing, Feb 18 (IANS) China's central bank has set a target of 14 percent growth rate for its money supply in 2012.M2, an important gauge of money supply, mainly includes ... Read more...
Posted in Business |
Guard against crisis contagion, IMF tells Latin America
February 3rd, 2012 - 2:48 pm ICT by IANS
Washington, Feb 3 (IANS) The Latin America and Caribbean economies should be poised to take a string of steps including easing their monetary policies to guard against contagion risks triggered ... Read more...
Posted in Business |
China’s quarterly GDP growth to drop below 9 percent
January 16th, 2012 - 5:52 pm ICT by IANS
Beijing, Jan 16 (IANS) China's economic growth may drop below 9 percent for the first time in 10 quarters, sapped by declining exports and fixed-asset investment, analysts predicted.The gross domestic ... Read more...
Posted in Business |
China’s quarterly GDP growth expected to drop below 9 percent
January 16th, 2012 - 3:37 pm ICT by IANS
Beijing, Jan 16 (IANS) China's economic growth may drop below 9 percent for the first time in 10 quarters, sapped by declining exports and fixed-asset investment, analysts predicted.The gross domestic ... Read more...
Posted in Business |
US stocks end higher amid European optimism (Lead)
January 13th, 2012 - 6:03 am ICT by IANS
New York, Jan 13 (IANS) US stocks ended higher Thursday as news from the Europe helped lift the market despite weak US economic data, reports Xinhua.The Dow Jones industrial average ... Read more...
Posted in Business |
US stocks mixed amid tepid data
January 13th, 2012 - 2:42 am ICT by IANS
New York, Jan 13 (IANS) US stocks traded mixed Thursday as US economic data worried investors, but news from Europe provided support.The US Commerce Department said total retail sales increased ... Read more...
Posted in Business |
Brazilian president meets IMF head on euro crisis
December 2nd, 2011 - 3:47 pm ICT by IANS
Rio De Janeiro, Dec 2 (IANS) Brazilian President Dilma Rousseff met International Monetary Fund (IMF) chief Christine Lagarde Thursday to discuss the ongoing eurozone debt crisis and its effects on ... Read more...
Posted in Business |
Indonesian economy may rise 6.7 percent in Q4
November 25th, 2011 - 1:27 pm ICT by IANS
Jakarta, Nov 25 (IANS) Indonesia's economy could grow by 6.7 percent in the fourth quarter should the government speed up spending amid high investment and consumption, Asian Development Bank (ADB) ... Read more...
Posted in Business |
No tight monetary policy once inflation softens: Rangarajan
November 5th, 2011 - 11:02 pm ICT by IANS
Chennai, Nov 5 (IANS) The Reserve Bank of India (RBI) may reverse its tight monetary policies once inflation softens, said top economist C. Rangarajan Saturday."By December-January, the inflation would break ... Read more...
Posted in Business |
Japan’s monetary base rose in October
November 2nd, 2011 - 1:28 pm ICT by IANS
Tokyo, Nov 2 (IANS) The monetary base in Japan rose 17 percent in October from a year earlier from a 16.7 percent annual increase logged in the previous month, the ... Read more...
Posted in Business |
Reducing food inflation will take some time: Pranab
September 3rd, 2011 - 8:04 pm ICT by IANS
Kolkata, Sep 3 (IANS) Conceding that double-digit food inflation is worrisome, union Finance Minister Pranab Mukherjee Saturday said the monetary policies of the Reserve Bank of India (RBI) will ... Read more...
Posted in Business |
Stabilising prices remains top priority for China: central bank
August 13th, 2011 - 4:58 pm ICT by IANS
Beijing, Aug 13 (IANS) The People's Bank of China (PBOC), or the central bank, has said that it will continue to make stabilising prices a top priority of its macro ... Read more...
Posted in Business |
China’s inflation reaches 37-month high
August 9th, 2011 - 2:59 pm ICT by IANS
Beijing, Aug 9 (IANS) China's inflation rose to a 37-month high in July, putting the government in a tough position as its tightening efforts were yet to bear fruit, reported ... Read more...
Posted in Business |
US stocks mixed as economic concerns weigh on market
June 9th, 2011 - 2:40 am ICT by IANS
New York, June 9 (IANS) US stocks traded mixed Wednesday as worries about the economic recovery weighed on the market, Xinhua reported.Concerns over the global economy have grown due to ... Read more...
Posted in Business |
Bank of Mexico buys 100 tonnes of gold
May 6th, 2011 - 11:12 am ICT by IANS
Mexico City, May 6 (IANS/EFE) The Bank of Mexico said it has purchased 100 tonnes of gold over the past few months to diversify its reserves.The gold accounts for about ... Read more...
Posted in Business |
RBI to take new anti-inflation steps
April 18th, 2011 - 10:13 pm ICT by IANS
Kolkata, April 18 (IANS) The Reserve Bank of India (RBI) is likely to come out with a new policy measure to rein in inflation in its annual monetary policy review ... Read more...
Posted in Business |
Economy to grow by 8.5 percent, inflation to drop: PM (Lead)
February 16th, 2011 - 3:49 pm ICT by IANS
New Delhi, Feb 16 (IANS) Prime Minister Manmohan Singh Wednesday said the economy will grow by at least 8.5 percent this fiscal and inflation will drop to seven percent by year-end.The ... Read more...
Posted in Business |
RBI would adjust changes required in monetary policy: Pranab Mukherjee
June 16th, 2010 - 9:52 pm ICT by ANI
Surat (Gujarat), June 16 (ANI): Union Finance Minister Pranab Mukherjee on Wednesday said that if changes in monetary police were required, the Reserve Bank of India (RBI) would adjust it."We have ... Read more...
Posted in Business |
Gilani says PPP won’t contest general elections if promises not fulfilled
January 5th, 2010 - 12:56 pm ICT by ANI
Islamabad, Jan. 5 (ANI): Prime Minister Yousaf Raza Gilani has said that the Pakistan People's Party (PPP) won't contest the next general election if the government fails to fulfil its promises before ... Read more...
Posted in South Asia |
Food prices set to fall in January, says Montek (Lead)
December 22nd, 2009 - 5:15 pm ICT by IANS
Kolkata, Dec 22 (IANS) Admitting that food prices have soared "excessively", Planning Commission Deputy Chairman Montek Singh Ahluwalia said Tuesday that they would decline in January.
"In January, you will see a decline ... Read more...
Posted in Business |
Montek admits food prices have soared ‘excessively’
December 22nd, 2009 - 3:33 pm ICT by IANS
Kolkata, Dec 22 (IANS) Food prices have soared "excessively", Planning Commission Deputy Chairman Montek Singh Ahluwalia said Tuesday, adding the prices would decline in January.
"In January, you will see a decline in ... Read more...
Posted in Business |
Domestic demand will help India grow faster: Mukherjee
November 28th, 2009 - 7:38 pm ICT by IANS
Chandigarh, Nov 28 (IANS) The Indian economy has been able to face up to the recent global economic slowdown and will grow faster backed by strong domestic demand and a young ... Read more...
Posted in Business |
Industrial production up 10.4 percent in August (Second Lead)
October 12th, 2009 - 5:51 pm ICT by IANS
New Delhi, Oct 12 (IANS) Further signs of recovery in Indian industry emerged Monday with the latest official data indicating a growth of 10.4 percent in industrial production during August this year ... Read more...
Posted in Business |
India’s industrial output up 10.4 percent in August (Lead)
October 12th, 2009 - 4:38 pm ICT by IANS
New Delhi, Oct 12 (IANS) Further signs of recovery in Indian industry emerged Monday with the latest official data indicating a growth of 10.4 percent in industrial production during August this year ... Read more...
Posted in Business |