sovereign debt

South Korea’s sovereign debt risks down


September 7th, 2012 - 2:06 pm ICT by IANS
Seoul, Sep 7 (IANS) South Korea's sovereign debt risks fell sharply after rating appraiser Fitch upgraded the country's sovereign rating to "AA-minus", data showed Friday.According to the Korea Center for ... Read more...

Posted in Uncategorized |

Recession-hit Italian hotels report fewer guests in 2012


September 7th, 2012 - 8:15 am ICT by IANS
Rome, Sep 7 (IANS/AKI) The number of guests in hotels in recession-hit Italy fell during the first eight months of this year, according to a study.Between January and August, the ... Read more...

Posted in World |

British PM plans cabinet reshuffle to boost economy


September 3rd, 2012 - 11:03 pm ICT by IANS
London, Sep 3 (IANS) British Prime Minister David Cameron is expected to reshuffle his government this week as members of parliament returned Monday for a new term after the ... Read more...

Posted in Politics |

China’s economy expected to pick up


July 26th, 2012 - 4:05 pm ICT by IANS
Beijing, July 26 (IANS) China's economic growth has bottomed out and will pick up in the second half of this year on government monetary and fiscal support as well as ... Read more...

Posted in Uncategorized |

Wipro battles to grow in volatile market (Lead)


July 24th, 2012 - 2:01 pm ICT by IANS
Bangalore, July 24 (IANS) As India's third largest IT bellwether, Wipro Ltd. too is battling to grow in a volatile currency market with uncertainty writ large due to global slowdown ... Read more...

Posted in Business |

Markets continue to hammer Spanish debt


July 24th, 2012 - 12:38 pm ICT by IANS
Madrid, July 24 (IANS/EFE) The yield on Spanish 10-year bonds rose Monday to a prohibitive 7.49 percent amid fears that nothing short of massive intervention by the European Central Bank ... Read more...

Posted in Business |

Moody’s downgrades 13 Italian banks


July 17th, 2012 - 3:13 pm ICT by IANS
New York, July 17 (IANS) Ratings agency Moody's Investors Service has slashed the ratings of 13 Italian banks, citing the weakened credit profile of the Italian government.The downgrades Monday came ... Read more...

Posted in Business |

Infosys fears euro could collapse


July 12th, 2012 - 5:28 pm ICT by IANS
Bangalore, July 12 (IANS) India's IT bellwether Infosys fears that the euro could collapse due to the sovereign debt crisis in Greece and Italy and the banking crisis in Spain."We ... Read more...

Posted in Business |

Brazil unveils $57 bn agricultural loan programme


June 29th, 2012 - 11:40 am ICT by IANS
Brasilia, June 29 (IANS/EFE) President Dilma Rousseff Thursday unveiled a 115-billion-reais ($57 billion) loan programme aimed at reinforcing agriculture's role as a lever of Brazilian economic growth.Rousseff defined the plan ... Read more...

Posted in Business |

Indo-German trade to touch 20 billion euros: Krishna


June 22nd, 2012 - 7:39 pm ICT by IANS
Bangalore, June 22 (IANS) Bilateral trade between India and Germany would touch 20 billon euros ($25 billion) during this calendar year despite debt crisis in Europe and the global economic ... Read more...

Posted in Business |

Fitch revises ratings for 11 Indian financial institutions


June 20th, 2012 - 4:23 pm ICT by IANS
Chennai, June 20 (IANS) Credit rating agency Fitch Ratings Wednesday announced the revision of the Outlook on the 'BBB-' Long-Term (LT) Foreign Currency (FC) Issuer Default Rating (IDR) 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 |

India pledges $10 bn to IMF for Eurozone


June 19th, 2012 - 8:03 am ICT by IANS
Los Cabos (Mexico), June 19 (IANS) India Monday pledged $10 billion to the International Monetary Fund (IMF) to help Eurozone countries out of the current crisis and prevent adverse fallout ... Read more...

Posted in Business |

Fitch downgrades Spain’s two major banks


June 12th, 2012 - 1:44 pm ICT by IANS
New York, June 12 (IANS) The rating agency Fitch downgraded Spain's two biggest banks by two notches despite the bailout effort made by the European Union (EU).Fitch Monday downgraded the ... Read more...

Posted in Business |

Global airline profits for 2012 expected at $3 billion


June 12th, 2012 - 12:07 am ICT by IANS
Beijing, June 11 (IANS) The International Air Transport Association (IATA) Monday forecast a dip in the global airline industry's profits at $3 billion in 2012 from last year's $7.9 billion.This ... Read more...

Posted in Business |

Global airline profits for 2012 expected at $3 billion


June 12th, 2012 - 12:06 am ICT by IANS
Beijing, June 11 (IANS) The International Air Transport Association (IATA) Monday forecast a dip in the global airline industry's profits at $3 billion in 2012 from last year's $7.9 billion.This ... Read more...

Posted in Business |

China backs Europe’s integration


May 31st, 2012 - 2:48 pm ICT by IANS
Brussels, May 31 (IANS) China supports Europe's integration process as well as its efforts to deal with the sovereign debt crisis, said an official.China has faith in Europe's capability of ... Read more...

Posted in Business |

South Africa’s economic prospect modest


May 31st, 2012 - 2:43 pm ICT by IANS
Johannesburg, May 31 (IANS) South Africa would maintain modest economic growth this year, with an expectation of a gradual recovery in domestic demand and supply, said the Reserve Bank.The household ... Read more...

Posted in Business |

India can grow 8-9 percent despite challenges: Montek (Second Lead)


May 18th, 2012 - 9:18 pm ICT by IANS
New York, May 18 (IANS) India can grow at 8-9 percent for the next 20 years despite many domestic challenges, the Planning Commission's Deputy Chairman Montek Singh Ahluwalia said Friday.He ... Read more...

Posted in World |

India can grow 8-9 percent despite challenges: Montek (Lead)


May 18th, 2012 - 8:09 pm ICT by IANS
New York, May 18 (IANS) India can grow at 8 to 9 percent for the next 20 years despite many domestic challenges, Indian Planning Commission's Deputy Chairman Montek ... Read more...

Posted in Business |

India can grow 8-9 percent for 20 years: Montek Ahluwalia


May 18th, 2012 - 11:48 am ICT by IANS
New York, May 18 (IANS) India can grow at between 8 or 9 percent for the next 20 years with a supportive global environment, its Planning Commission's Deputy Chairman Montek ... Read more...

Posted in Business |

Greek turmoil drives global stocks down


May 16th, 2012 - 5:11 pm ICT by IANS
Moscow, May 16 (IANS/RIA Novosti) The near certainty of Greece's departure from the eurozone, and doubt about what could happen in the aftermath of this, has seen global stocks ... Read more...

Posted in Business |

Moody’s downgrades LIC, outlook stable


May 14th, 2012 - 5:50 pm ICT by IANS
New Delhi, May 14 (IANS) Credit ratings agency Moody's Investors Service Monday downgraded the state-run Life Insurance Corporation of India (LIC) to the lowest investment grade, in line with the ... Read more...

Posted in Business |

Moody’s downgrades ICICI Bank, HDFC Bank, Axis Bank


May 14th, 2012 - 5:17 pm ICT by IANS
New Delhi, May 14 (IANS) Credit ratings agency Moody's Monday downgraded India's three top private sector lenders -- ICICI Bank, HDFC Bank and Axis Bank -- on growing concerns over ... Read more...

Posted in Uncategorized |

Moody’s may downgrade India’s three top private lenders


April 30th, 2012 - 3:23 pm ICT by IANS
Mumbai, April 30 (IANS) Global ratings agency Moody's Investors Service said Monday it has placed on review India's three top private sector lenders ICICI Bank, HDFC Bank and Axis ... Read more...

Posted in Business |

Australian inflation marginally up in April


April 30th, 2012 - 1:50 pm ICT by IANS
Sydney, April 30 (IANS) The consumer price in Australia continued to rise in April, said a survey released Monday.The TD Securities-Melbourne Institute Monthly Inflation Gauge rose 0.3 percent in April ... Read more...

Posted in Uncategorized |

S&P; cuts Spain rating


April 27th, 2012 - 12:57 pm ICT by IANS
New York, April 27 (IANS/EFE) Standard & Poor's Thursday reduced its long-term sovereign credit rating on Spain by two notches to BBB+ from A, expressing concern about the country's ... Read more...

Posted in Business |

India needs a socially conscious banking system: Pranab


April 7th, 2012 - 8:26 pm ICT by IANS
Mumbai, April 7 (IANS) Nationalisation of banks was a path breaking step in deploying financial services for transformation of the economy, Finance Minister Pranab Mukherjee said Saturday and added ... Read more...

Posted in Business |

IMF approves $36 bn funding for Greece


March 16th, 2012 - 9:02 am ICT by IANS
Moscow, March 16 (IANS/RIA Novosti) The International Monetary Fund (IMF) will allocate 28 billion euro (over $36 billion) to support Greece's economic programme over the next four years, the IMF ... Read more...

Posted in Business |

Fitch slashes British debt outlook (Lead)


March 15th, 2012 - 1:20 pm ICT by IANS
London, March 15 (IANS) Fitch Ratings Wednesday revised the outlook of Britain's Long-term Issuer Default Ratings (IDRs) from "stable" to "negative", citing the country's high debt levels and gloomy economic ... Read more...

Posted in Business |

Russia’s external debt down 10 percent to $36 bn


March 1st, 2012 - 11:01 pm ICT by IANS
Moscow, March 1 (IANS/RIA Novosti) The Russian government's external debt declined by 10.4 percent in 2011 to $35.8 billion, the finance ministry said Thursday.In euro terms, Russia's sovereign debt declined ... Read more...

Posted in Politics |

Air passenger traffic in India up by 8.8 percent: IATA


March 1st, 2012 - 1:01 am ICT by IANS
Geneva, Feb 29 (IANS) International Air Transport Association (IATA) Wednesday said that passenger traffic in India grew by 8.8 percent year on year in January, with demand rising by nine ... Read more...

Posted in Business |

S&P; cuts Greek sovereign rating


February 28th, 2012 - 1:56 pm ICT by IANS
London/Brussels, Feb 28 (IANS) Standard & Poor's Monday cut Greece's "CC" long-term and "C" short-term sovereign credit ratings to "selective default" (SD) after the debt-laden country launched a bond swap ... Read more...

Posted in Business |

World economy still in danger zone: IMF


February 27th, 2012 - 1:36 pm ICT by IANS
Mexico City, Feb 27 (IANS) Despite the improvement in indicators of global activities, the risks are latent and the world economy is still in "the danger zone", International Monetary Fund ... Read more...

Posted in Business |

China’s economy to grow by 8.5 percent


February 24th, 2012 - 5:44 am ICT by IANS
Beijing, Feb 24 (IANS) China's economy will grow by 8.5 percent in 2012, a think-tank has said.It faces a significant downward pressure this year due to complicated situations, said Li ... Read more...

Posted in Business |

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