South Korea’s foreign reserves hit new high
September 5th, 2012 - 3:00 pm ICT by IANS
Seoul, Sep 5 (IANS) South Korea's foreign currency reserves hit a new high last month due to a rise in conversion value of non-dollar assets and a growth in investment ... Read more...
Posted in Business |
African central bank governors seek monetary integration
August 31st, 2012 - 1:38 pm ICT by IANS
Algiers, Aug 31 (IANS) African central banks' governors have called for speeding up of the process of monetary integration in Africa as a step towards achieving the goals of creating ... Read more...
Posted in Business |
Moody’s cuts outlook on Germany
July 24th, 2012 - 1:08 pm ICT by IANS
Brussels, July 24 (IANS) Moody's Investors Service late Monday lowered its outlook on top-rated Germany, the Netherlands and Luxembourg to negative from stable, citing increasing uncertainties about the euro debt ... Read more...
Posted in Business |
Finland better off within Eurozone: Finnish PM
July 16th, 2012 - 2:54 pm ICT by IANS
Helsinki, July 16 (IANS) Finland is better off with a stable euro currency and the country remaining in the now 17-member single currency Eurozone, said Finnish Prime Minister Jyrki Katainen.
... Read more...
Posted in Business |
Britain to close borders if eurozone collapses
July 5th, 2012 - 5:40 am ICT by IANS
London, July 4 (IANS) Britain will close its borders to people from countries like Greece if the eurozone -- the group of 17 countries which use the euro as ... Read more...
Posted in World |
Berlusconi wants to be economy minister in 2013
June 28th, 2012 - 12:52 pm ICT by IANS
Rome, June 28 (IANS/AKI) Former Italian prime minister Silvio Berlusconi has said he would like to be economy minister if his conservative party wins the elections in 2013.
Speaking to ... Read more...
Posted in Politics |
India to focus on infrastructure-led growth at G20 (Roundup)
June 16th, 2012 - 8:47 pm ICT by IANS
New Delhi, June 16 (IANS) Prime Minister Manmohan Singh Saturday voiced concern over a deepening eurozone crisis adversely impacting India and stressed the need to focus on investment ... Read more...
Posted in Business |
South Korea’s foreign reserves contract
June 4th, 2012 - 1:26 pm ICT by IANS
Seoul, June 4 (IANS) South Korea's foreign reserves contracted to $310.87 billion last month due to a sharp fall in conversion value of non-dollar denominated assets that offset a rise ... Read more...
Posted in Business |
Moody’s cuts 26 Italian banks’ ratings
May 15th, 2012 - 1:28 pm ICT by IANS
New York, May 15 (IANS) Moody's Investors Service cut the long-time credit ratings of 26 Italian banks Monday, underlining the banking woes in both the country and the euro zone.The ... Read more...
Posted in Business |
Euro on brink of collapse: IMF
April 18th, 2012 - 10:57 pm ICT by IANS
London, April 18 (IANS) The crisis-hit euro is teetering on the brink of collapse, the International Monetary Fund (IMF) has said.In a significant vote of no-confidence, Tuesday's report from the ... Read more...
Posted in Business |
Sarkozy pledges budget surplus if re-elected
April 6th, 2012 - 2:10 pm ICT by IANS
Paris, April 6 (IANS) Incumbent French President Nicolas Sarkozy has promised to reach 0.5 percent surplus of gross domestic product (GDP) in 2017 and pledged to stick to growth targets ... Read more...
Posted in Politics |
Eurozone approves new Greek bailout plan (Lead)
February 21st, 2012 - 4:59 pm ICT by IANS
Brussels, Feb 21 (IANS) Eurozone finance ministers have ended months of uncertainty and averted an imminent debt default by Greece by approving a second bailout deal for the debt-laden country."After ... Read more...
Posted in Business |
Frank Buckley builds a house of shredded notes
January 25th, 2012 - 9:09 pm ICT by Aishwarya Bhatt
Dublin, Jan 25 (THAINDIAN NEWS) A jobless artist in Ireland has built a home with 1.4 billion Euros of shredded notes. Frank Buckley got the notes from the Irish treasury and he ... Read more...
Posted in Odd news |
EU urges Greek debt deal to be reached without delay
January 24th, 2012 - 3:19 pm ICT by IANS
Brussels, Jan 24 (IANS) Eurogroup President Jean-Claude Juncker Tuesday called for an early conclusion of a deal on Greece's debt restructuring programme without delay."We welcome the increased convergence and ask ... Read more...
Posted in Business |
IMF chief calls for eurobonds to combat crisis
January 24th, 2012 - 2:40 pm ICT by IANS
Berlin, Jan 24 (IANS) International Monetary Fund (IMF) chief Christine Lagarde Monday called for a bigger rescue fund in the 17-member eurozone and the creation of the eurobonds in order ... Read more...
Posted in Business |
Sensex sheds nearly 4 percent on weak domestic, global cues (Weekly market review)
December 10th, 2011 - 5:16 pm ICT by IANS
Mumbai, Dec 10 (IANS) Profit booking in a truncated trading week saw benchmark indices of Indian equities losing close to 4 percent, amidst news of the government lowering growth ... Read more...
Posted in Business |
India, other emerging economies to make for half of global growth
May 17th, 2011 - 9:58 pm ICT by IANS
Washington, May 17 (IANS) By 2025, India and five other major emerging economies - Brazil, China, Indonesia, South Korea, and Russia - will account for more than half of all ... Read more...
Posted in World |
Kingfisher, British Airways ink frequent flyer pact
December 17th, 2010 - 10:56 pm ICT by IANS
Bangalore, Dec 17 (IANS) India's leading private carrier Kingfisher Airlines Friday entered into a comprehensive frequent flyer agreement with British Airways (BA), covering their entire route network."The agreement will enable frequent fliers ... Read more...
Posted in Business |
Southeast Asia considers single currency, Bank Indonesia governor says
December 11th, 2010 - 1:54 pm ICT by BNO News
DENPASAR, INDONESIA (BNO NEWS) — Bank Indonesia governor Halim Alamsyah has said the Southeast Asia region could consider an eventual currency convergence to strengthen the region's economy and facilitate international transactions.Alamsyah was ... Read more...
Posted in Business |
‘Security, economic issues major concern for GCC’
December 7th, 2010 - 2:45 pm ICT by IANS
By Rahul Dass
Abu Dhabi, Dec 7 (IANS) Security and economic issues are of major concern to the Gulf Cooperation Council (GCC), a leading daily said Tuesday, hoping the regional bloc will be ... Read more...
Posted in World |
Japan PM has private dinner with Manmohan Singh
December 29th, 2009 - 12:56 pm ICT by ANI
New Delhi, Delhi Dec. 29 (ANI): Visiting Japan Prime Minister Yukio Hatoyama met his Indian counterpart Dr. Manmohan Singh at a private dinner here on Monday.Both countries later signed two pacts, ... Read more...
Posted in National |
Japanese premier in Delhi to boost economic, defence ties
December 28th, 2009 - 8:41 pm ICT by ANI
New Delhi, Dec 28 (ANI): Japan's Prime Minister Yukio Hatoyama on Monday arrived in New Delhi on his first visit as premier to hold high-level talks on economic and defence security ... Read more...
Posted in National |
Gold emerges as a safe haven for investors (Comment-Lead, superseding previous story)
December 15th, 2009 - 1:05 pm ICT by IANS
By Sushma Ramachandran
With gold prices hitting new highs, the glitter just gets brighter each day. The phenomenal rise in the value of the yellow metal has been a by-product of the global ... Read more...
Posted in Business |
Gold emerges safe haven for investors (Comment)
December 15th, 2009 - 12:12 pm ICT by IANS
By Sushma Ramachandran
Gold is glittering more brightly every passing day with prices of the yellow metal literally going through the roof. The phenomenal rise in the value of gold has been ... Read more...
Posted in Business |
Bulgaria plans to adopt euro in 2012-2013
August 3rd, 2009 - 10:02 pm ICT by IANS
Sofia, Aug 3 (DPA) Bulgaria plans to replace the lev with Europe's single currency, the euro, in 2012 or 2013, Finance Minister Simeon Djankov told daily 24 Chasa Monday.
"We have a chance ... Read more...
Posted in Business |
Nazarbayev meets Manmohan Singh, seeks views on creation of SCO single currency
June 16th, 2009 - 7:49 pm ICT by ANI
Yekaterinburg (Russia), June 16 (ANI): Kazakhstan President Nursultan Nazarbayev met Indian Prime Minister Dr. Manmohan Singh here on the sidelines of the six-nation Shanghai Cooperation Organization (SCO) summit, and is believed ... Read more...
Posted in World |
UAE quits Gulf monetary union
May 22nd, 2009 - 12:36 pm ICT by ANI
Nicosia, May 22 (ANI): The United Arab Emirates announced on Wednesday that it decided to withdraw from a planned Gulf Arab Monetary union, something with has been debated for the last 30 ... Read more...
Posted in Business |
EU expects recession until 2011
May 4th, 2009 - 4:42 pm ICT by IANS
Brussels, May 4 (DPA) The European Union is facing a recession until at least 2011, with the bloc's economy set to contract by 0.1 percent in 2010 following a worse-than-expected slump of ... Read more...
Posted in Business |
Nobel Laureate calls for new global reserve currency system
March 27th, 2009 - 1:08 pm ICT by IANS
United Nations, March 27 (Xinhua) Nobel Prize-winning economist Joseph Stiglitz has called for a new global system to replace the US dollar as the world's reserve currency.
"There is a growing consensus ... Read more...
Posted in World |
EU economy shrank more than expected in fourth quarter
February 13th, 2009 - 9:46 pm ICT by IANS
Brussels, Feb 13 (DPA) The economies of the European Union (EU) and the eurozone both posted worse-than-expected quarterly drops of 1.5 percent in the final three months of 2008, the EU's statistics ... Read more...
Posted in Uncategorized |
EU leaders endorse Slovakia’s entry into the euro
June 20th, 2008 - 3:01 am ICT by IANS
DPA
Brussels, June 20 (DPA) European Union leaders Thursday backed Slovakia's bid to become the 16th country to join the euro, giving their nod to one of eastern Europe's economic success stories. "Leaders ... Read more...
Posted in Uncategorized |
India, UAE agree to institutionalize India-GCC dialogue process
May 13th, 2008 - 11:10 pm ICT by admin
By Aroonim Bhuyan
Dubai, May 13 (IANS) India and the United Arab Emirates (UAE) have agreed to institutionalize the India-Gulf Cooperation Council (GCC) dialogue process with regular meetings. The two sides agreed to ... Read more...
Posted in Uncategorized |
Sarkozy has stopped backing EU presidency for Blair: report
May 7th, 2008 - 4:57 pm ICT by admin
DPA
London, May 7 (DPA) French President Nicolas Sarkozy has withdrawn his backing for former British Prime Minister Tony Blair to become the first president of the European Union (EU) under the reform ... Read more...
Posted in World |
Japan’s foreign reserves hit record $1 trillion
April 7th, 2008 - 12:58 pm ICT by admin
DPA
Tokyo, April 7 (DPA) Japan's foreign reserves rose to a new record in March, exceeding $1 trillion, the finance ministry said Monday. The nation's foreign exchange reserves, the world's second largest next ... Read more...
Posted in World |
Dollar peg debate continues to rage across inflation-hit Gulf
February 27th, 2008 - 12:38 pm ICT by admin
Aroonim Bhuyan
Dubai, Feb 27 (IANS) Even as the Gulf Cooperation Council (GCC) countries mull moving to a single currency mode, the debate over whether to depeg the currencies of these countries from ... Read more...
Posted in World |