trillion

Bhubaneswar airport to be made international soon


September 20th, 2012 - 7:51 pm ICT by IANS
New Delhi, Sep 20 (IANS) A new terminal at the Bhubaneswar airport is expected to be commissioned by December this year and the airport will be upgraded to international status ... Read more...

Posted in Business |

China to tighten web rules as users cross 500 mn


September 12th, 2012 - 4:39 pm ICT by IANS
Beijing, Sep 12 (IANS) China's internet regulatory authority has vowed to strengthen management of the web, as the number of internet users in the country climbed to around 540 million, ... Read more...

Posted in World |

China’s 2011 GDP growth revised upward


September 5th, 2012 - 5:15 pm ICT by IANS
Beijing, Sep 5 (IANS) China's gross domestic product (GDP) growth for 2011 has been revised upward by 0.1 percentage point to 9.3 percent from the previous year, the National Bureau ... Read more...

Posted in Business |

Mumbai Metro to be operational this financial year: Ambani


September 4th, 2012 - 8:13 pm ICT by IANS
Mumbai, Sep 4 (IANS) The Metro service in India's commercial capital will commence this fiscal with the completion of more than 95 percent of its civil construction, Reliance Infrastructure ... Read more...

Posted in Business |

US issues fuel efficiency standards for cars, trucks


August 29th, 2012 - 1:12 pm ICT by IANS
Washington, Aug 29 (IANS) The US government has finalized record high standards to double fuel efficiency for cars and trucks by 2025.Under the new standards, fuel efficiency will increase to ... Read more...

Posted in Business |

China to invest $375 bn in energy-saving projects


August 22nd, 2012 - 1:14 pm ICT by IANS
Beijing, Aug 22 (IANS) China plans to invest 2.37 trillion yuan ($375.6 billion) in major energy-saving projects during the 12th Five-Year Plan period (2011-2015), said authorities.The projects are expected to ... Read more...

Posted in Business |

Spanish banks’ bad-loans ratio hits new record


August 18th, 2012 - 1:10 pm ICT by IANS
Madrid, Aug 18 (IANS/EFE) The ratio of non-performing loans to total outstanding loans held by Spanish banks has risen to a record 9.42 percent, topping the previous mark of 9.15 ... Read more...

Posted in Uncategorized |

Colombian oil firm to export 12 mn barrels to India


August 16th, 2012 - 11:26 am ICT by IANS
Bogota, Aug 16 (IANS/EFE) Colombian oil firm Ecopetrol will supply 12 million barrels of crude to a private Indian refining company under a year-long contract worth approximately $1.2 billion, the ... Read more...

Posted in Business |

Karnataka targets Rs.4 trillion software exports by 2020


August 15th, 2012 - 6:01 pm ICT by IANS
Bangalore, Aug 15 (IANS) With about 40 percent share of software export from India, Karnataka has set an ambitious export target of a whopping Rs.4 trillion (Rs.4 lakh crore) ... Read more...

Posted in Sci-Tech |

China’s power consumption slows down


August 14th, 2012 - 3:52 pm ICT by IANS
Beijing, Aug 14 (IANS) China's power consumption growth slowed further in July, as the country's factory activity and industrial output posted weaker growth amid the economic downturn, authorities said Tuesday.The ... Read more...

Posted in Business |

Social Security surplus to be gone by 2013


August 13th, 2012 - 6:06 pm ICT by Aishwarya Bhatt
Washington DC, Aug 13 (THAINDIAN NEWS) Social Security is a project that has a lot of benefits to the babies and most of them have availed the benefits that come along with ... Read more...

Posted in Business |

US federal government has $69.6 bn deficit


August 11th, 2012 - 12:59 pm ICT by IANS
Washington, Aug 11 (IANS) The US federal government registered a budget deficit of about $69.6 billion in July, bringing the total budget gap for the first 10 months of this ... Read more...

Posted in Business |

China’s July exports slow sharply (Lead)


August 10th, 2012 - 2:47 pm ICT by IANS
Beijing, Aug 10 (IANS) China's export growth slowed sharply in July to a six-month low following dwindling demand from Europe and Japan, official data showed Friday.Exports rose 1 percent year ... Read more...

Posted in Business |

Essar sets high target of methane extraction in Bengal


August 8th, 2012 - 11:57 pm ICT by IANS
Kolkata, Aug 8 (IANS) Integrated energy firm Essar Energy has set a target of extracting 1 trillion standard cubic metres per day of coal bed methane (CBM) gas from 600 ... Read more...

Posted in Business |

South Korea’s money supply grows


August 8th, 2012 - 2:03 pm ICT by IANS
Seoul, Aug 8 (IANS) South Korea's money supply grew 0.4 percent in June from a month earlier due to an increase in money market trust (MMT) and time deposits caused ... Read more...

Posted in Business |

3,400 fake disabled, poor found in Italy


August 7th, 2012 - 8:22 pm ICT by IANS
Rome, Aug 7 (IANS/AKI) More than 3,400 cases of people fraudulently claiming poverty and disability benefits have been uncovered in Italy this year, including one "blind" man who was caught ... Read more...

Posted in World |

`US should balance short-run, medium-term fiscal adjustment’


August 3rd, 2012 - 1:27 pm ICT by IANS
Washington, Aug 3 (IANS) US policymakers should balance their efforts at immediate and medium-term fiscal adjustment to avoid negative impact on the fragile US economic recovery, the International Monetary Fund ... Read more...

Posted in Business |

Honda Motor quarterly net profit surges


July 31st, 2012 - 4:17 pm ICT by IANS
Tokyo, July 31 (IANS) Automaker Honda's profit in the second quarter this year surged to 131.72 billion yen ($1.7 billion) on brisk car sales in major global markets.For the April-June ... Read more...

Posted in Business |

China’s software industry slows


July 30th, 2012 - 4:30 pm ICT by IANS
Beijing, July 30 (IANS) China's software industry grew at a slower pace in the first half of the year amid the economic slowdown both at home and abroad, China Daily ... Read more...

Posted in Sci-Tech |

Samsung Electronics posts operating profit


July 27th, 2012 - 1:51 pm ICT by IANS
Seoul, July 27 (IANS) Samsung Electronics, the world's largest maker of memory chips, televisions, flat screens and handsets, posted its fresh record high of operating profit in the second quarter, ... Read more...

Posted in Business |

Hyundai Motor posts operating profit


July 26th, 2012 - 1:34 pm ICT by IANS
Seoul, July 26 (IANS) Hyundai Motor, South Korea's No.1 automaker, posted 2.5 trillion won ($2.18 billion) in operating profit for the second quarter, a regulatory filing showed Thursday.Consolidated operating profit, ... Read more...

Posted in Business |

Indian firms to cut capital expenditure by 14 percent


July 25th, 2012 - 5:39 pm ICT by IANS
Mumbai, July 25 (IANS) Indian companies are likely to reduce capital expenditure by 14 percent in the current financial year due to "policy logjam" and slow economic growth, a survey ... Read more...

Posted in Business |

LG Electronics posts operating profit


July 25th, 2012 - 2:09 pm ICT by IANS
Seoul, July 25 (IANS) LG Electronics, the world's third-largest mobile phone maker and the No.2 TV manufacturer, posted 348.99 billion won ($304 million) in operating profit for the second quarter, ... Read more...

Posted in Business |

Russian senators propose legalising handguns


July 25th, 2012 - 8:48 am ICT by IANS
Moscow, July 25 (IANS/RIA Novosti) A group of Russian senators have presented a report to the Federation Council for reforming the law on weapons and suggested legalising possession of ... Read more...

Posted in Politics |

10 Italian cities face bankruptcy: Report


July 25th, 2012 - 12:56 am ICT by IANS
Moscow, July 24 (IANS/RIA Novosti) Ten Italian cities are facing bankruptcy as they are unable to fulfil their budget commitments, Italian newspaper La Stampa reported Tuesday.Graziano Del Rio, president of ... Read more...

Posted in Politics |

Ten Italian cities are at the risk of bankruptcy


July 24th, 2012 - 9:46 pm ICT by Aishwarya Bhatt
Rome, July 24 (THAINDIAN NEWS) Ten Italian cities are looking at bankruptcy in the eye. They include Naples, Alessandria, Palermo and Reggio Calabria. Even Sicily’s financial situation isn’t great."The situation is becoming ... Read more...

Posted in Business |

Myanmar invites foreign firms to explore oil, gas


July 19th, 2012 - 12:38 pm ICT by IANS
Yangon, July 19 (IANS) Myanmar, which has vast reserves of oil and gas, is inviting foreign firms to explore them in 23 offshore blocks.US and European companies may accept the ... Read more...

Posted in South Asia |

China’s net global investment reaches $1.79 trillion


July 14th, 2012 - 2:20 pm ICT by IANS
Beijing, July 14 (IANS) China's net international investment position at the end of March was $1.79 trillion, said authorities.The net international investment position measures the difference between a country's external ... Read more...

Posted in Business |

US federal deficit narrows


July 13th, 2012 - 1:47 pm ICT by IANS
Washington, July 13 (IANS) The US federal government registered a budget deficit of about $59.7 billion in June, sharply lower than the previous month, the US treasury department reported. The ... Read more...

Posted in Business |

China’s Q2 GDP growth slows


July 13th, 2012 - 1:12 pm ICT by IANS
Beijing, July 13 (IANS) China's economy expanded 7.6 percent year-on-year in the second quarter of 2012, slowing from 8.1 percent in the first quarter, the National Bureau of Statistics (NBS) ... Read more...

Posted in Business |

HDFC quarterly net profit rises 18.6 percent


July 11th, 2012 - 9:23 pm ICT by IANS
Mumbai, July 11 (IANS) India's largest mortgage lender HDFC Wednesday reported 18.6 percent net profit at Rs.10,019.10 million for the quarter ended June 30 against Rs.8,445.30 million during the same ... Read more...

Posted in Business |

24,000 Italian government employees to lose jobs


July 11th, 2012 - 12:22 am ICT by IANS
Rome, July 10 (IANS/AKI) Around 24,000 government employees in Italy are due to lose their jobs because of spending cuts worth 26 billion euros ($32 billion).Around 11,000 of the workers ... Read more...

Posted in World |

China’s June export growth slows


July 10th, 2012 - 4:10 pm ICT by IANS
Beijing, July 10 (IANS) China's exports rose 11.3 percent year on year to $180.21 billion in June, slowing from the 15.3-percent spurt in May, authorities said Tuesday.Imports increased 6.3 percent ... Read more...

Posted in Business |

US consumer credit goes up


July 10th, 2012 - 2:11 pm ICT by IANS
Washington, July 10 (IANS) US consumer credit increased at an annual rate of 8 percent in May as consumers stepped up their borrowing, the US Federal Reserve reported. Total consumer ... Read more...

Posted in Business |

Post Higgs, Cern turns spotlight on dark matter


July 8th, 2012 - 7:44 pm ICT by IANS
London, July 8 (IANS) Post Higgs boson's discovery, touted as the biggest leap in physics, scientists at CERN are preparing to turn the spotlight on dark matter.Physicists believe dark ... Read more...

Posted in World |

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