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 |
Indian mining sector under stress: Tata Steel chief
August 21st, 2012 - 8:18 pm ICT by IANS
Kolkata, Aug 21 (IANS) India's mining sector has been under pressure as a host of mining activities in the country has turned out to be scandalous, Tata Steel managing director ... Read more...
Posted in Business |
Nalco puts Indonesia smelter project on hold
August 15th, 2012 - 2:35 pm ICT by IANS
Bhubaneswar, Aug 15 (IANS) The state-run National Aluminium Company Ltd. (Nalco) Wednesday said it has put on hold its proposed alumina smelter project in Indonesia due to uncertainty over the ... Read more...
Posted in Business |
South Korean economy shows weaker growth momentum
August 9th, 2012 - 1:44 pm ICT by IANS
Seoul, Aug 9 (IANS) The South Korean economy has seen a weakening growth momentum due to lacklustre exports and domestic demand, the central bank said Thursday."The domestic economy showed weaker ... 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 |
South Korea’s trade surplus reduces
July 16th, 2012 - 2:50 pm ICT by IANS
Seoul, July 16 (IANS) South Korea's trade surplus reduced to $10.7 billion in the first half of this year compared with a year earlier due to sluggish exports amid external ... Read more...
Posted in Uncategorized |
South Korea’s central bank cuts 2012 growth outlook
July 13th, 2012 - 2:17 pm ICT by IANS
Seoul, July 13 (IANS) The Bank of Korea (BOK), South Korea's central bank, Friday cut its 2012 economic growth outlook for the country to 3 percent from an earlier estimate ... Read more...
Posted in Business |
EGoM on telecom approves spectrum mortgaging (Lead)
July 12th, 2012 - 10:39 pm ICT by IANS
New Delhi, July 12 (IANS) The Empowered Group of Ministers (EGoM) on telecom Thursday approved "in principle" the proposal to allow telecom firms to mortgage spectrum to raise funds ... Read more...
Posted in Sci-Tech |
South Korea’s auto production grows
July 10th, 2012 - 3:52 pm ICT by IANS
Seoul, July 10 (IANS) South Korea's automobile production grew 3.4 percent in the first half of this year due to brisk exports that offset sluggish domestic demand, a government report ... Read more...
Posted in Business |
US stocks mixed amid euro uncertainties
June 12th, 2012 - 11:40 pm ICT by IANS
New York, June 12 (IANS) US stocks opened mixed Tuesday as investors welcomed the Spanish bank aid package.However, investors have now turned their attention to Italy's struggling banking system, fearing ... 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 |
Currency goes up and down in market economy, says PM
May 23rd, 2012 - 2:16 am ICT by IANS
New Delhi, May 23 (IANS) With a steep fall in value of rupee, Prime Minister Manmohan Singh Tuesday said that in a market economy currency goes up and down ... Read more...
Posted in Politics |
Mahindra Satyam net profit at Rs.534 crore
May 17th, 2012 - 9:10 pm ICT by IANS
New Delhi, May 17 (IANS) Leading IT service provider Mahindra Satyam Thursday posted a consolidated net profit of Rs.534 crore for the quarter ended March 31.The firm had posted a ... Read more...
Posted in Business |
South Korean banks’ foreign borrowing growth slows
April 18th, 2012 - 3:19 pm ICT by IANS
Seoul, April 18 (IANS) South Korean banks' foreign borrowing growth slowed last month as local lenders borrowed less loans from overseas amid easing external uncertainties, a financial watchdog said Wednesday.The ... Read more...
Posted in Business |
US small business confidence drops
April 11th, 2012 - 3:24 am ICT by IANS
Washington, April 11 (IANS) US small business confidence in March fell slightly after rising for six straight months, a leading industry association said Tuesday.The National Federation of Independent Business (NFIB) ... Read more...
Posted in Business |
Japan’s central bank freezes key interest rate
April 10th, 2012 - 4:22 pm ICT by IANS
Tokyo, April 10 (IANS) The Japanese central bank decided Tuesday to keep its key interest rate unchanged and refrained from fresh monetary easing steps, dashing market hopes.The Bank of Japan ... Read more...
Posted in Business |
Slow recovery, Europe remain uncertainties: China (Lead)
March 12th, 2012 - 2:45 pm ICT by IANS
Beijing, March 12 (IANS) The governor of China's central bank Monday said a slow world recovery process and the unstable economic and financial situation in Europe will be the biggest ... Read more...
Posted in Business |
Britain’s house prices fall
March 6th, 2012 - 11:20 pm ICT by IANS
London, March 6 (IANS) Britain's house prices declined by 0.5 percent in February compared to the previous month, said Halifax, the country's biggest mortgage lenders.Houses prices fell by 1.1 percent ... 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 |
US stocks slide on Europe concerns (Lead)
December 29th, 2011 - 6:24 am ICT by IANS
New York, Dec 29 (IANS) US stocks dropped Wednesday with the S&P; 500 back to negative territory for the year, as sentiment was still pressured by lingering European concerns.Italy Wednesday ... Read more...
Posted in Business |
US stocks slide on Europe concerns
December 29th, 2011 - 3:14 am ICT by IANS
New York, Dec 29 (IANS) US stocks continued to decline during mid-day trading Wednesday as European banks deposited record amount of cash in the European Central Bank.Italy Wednesday successfully sold ... Read more...
Posted in Business |
HMV suffers 36-mn-pound loss in six months
December 19th, 2011 - 7:20 pm ICT by IANS
London, Dec 19 (IANS) Global music chain HMV announced Monday it has suffered a loss of 36 million pounds (over $55 million) in six months, putting its future in doubt.The ... Read more...
Posted in World |
South Korea’s economy may slow down in 2012
December 12th, 2011 - 1:52 pm ICT by IANS
Seoul, Dec 12 (IANS) South Korea's economic growth was expected to slow down next year due to growing uncertainties such as Europe's debt crisis, the Korean finance ministry said Monday.The ... Read more...
Posted in Business |
China’s foreign trade growth slows in November
December 11th, 2011 - 3:22 am ICT by IANS
Beijing, Dec 11 (IANS) China's foreign trade rose by 17.6 percent year-on-year to $334.4 billion in November, compared with 21.6 percent in October, amid weak external demand and a slowing ... Read more...
Posted in Business |
Government blames domestic economic woes on global uncertainties (Roundup)
December 9th, 2011 - 8:11 pm ICT by IANS
New Delhi, Dec 9 (IANS) The government Friday blamed slowing domestic growth on the global economic turmoil and officially downgraded the gross domestic product (GDP) growth rate to ... Read more...
Posted in Business |
Volatility expected in global economy: Singapore PM
November 29th, 2011 - 1:37 pm ICT by IANS
Singapore, Nov 29 (IANS) A period of volatility and uncertainties is expected for the global economy, creating considerable challenges for the central bank to keep the financial system and economy ... Read more...
Posted in Business |
Rupee falls for eight straight day
November 23rd, 2011 - 9:12 pm ICT by IANS
New Delhi/Mumbai, Nov 23 (IANS) The Indian rupee depreciated against the US dollar for the eighth straight day Wednesday, even as Finance Minister Pranab Mukherjee assured of necessary action ... Read more...
Posted in Business |
Singapore’s power demand falls in October
November 23rd, 2011 - 1:38 pm ICT by IANS
Singapore, Nov 23 (IANS) Singapore's power demand in October fell by 3 percent year-on-year, reflecting a slowdown in economic activities, a media report said Wednesday.While the statistics were not yet ... Read more...
Posted in Uncategorized |
Manufacturing sector growth to slow down further
November 20th, 2011 - 11:01 am ICT by IANS
New Delhi, Nov 20 (IANS) Growth in the manufacturing sector has moderated during April-September compared to the corresponding period of the previous year and is likely to slow down further ... Read more...
Posted in Business |
China’s financial system sound: IMF
November 15th, 2011 - 1:31 pm ICT by IANS
Washington, Nov 15 (IANS) The International Monetary Fund (IMF) said Monday that China's financial system is sound."China has made remarkable progress in its transition toward a more commercially-oriented and financially ... Read more...
Posted in Business |
Windies captain Sammy all praise for young teammates
November 9th, 2011 - 5:12 pm ICT by IANS
New Delhi, Nov 9 (IANS) West Indies captain Darren Sammy Wednesday said he was happy with the performance of his young team despite losing the first Test against India.
"It ... Read more...
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Nicolas Sarkozy vows to protect euro, Europe
November 4th, 2011 - 4:13 am ICT by IANS
Cannes, Nov 4 (IANS) French President Nicolas Sarkozy Thursday vowed to protect the euro currency as well as Europe, Xinhua reported.Speaking during a press conference on the first day of ... Read more...
Posted in Uncategorized |
China’s industrial output to grow by 11 percent
October 26th, 2011 - 2:20 pm ICT by IANS
Beijing, Oct 26 (IANS) China's industrial value-added output will grow by 11 percent this year and next, despite uncertainties including global economic turmoil, weak outbound demand and high inflation, an ... Read more...
Posted in Business |
China warns of grim foreign trade situation
October 19th, 2011 - 2:20 pm ICT by IANS
Beijing, Oct 19 (IANS) China Wednesday warned of a "quite grim situation" for the country's foreign trade as new global uncertainties weigh on the world's second largest economy.
"The import and ... Read more...
Posted in Uncategorized |
India’s exports rise 44 percent in August; deficit widens to $14 bn
October 3rd, 2011 - 6:30 pm ICT by IANS
New Delhi, Oct 3 (IANS) India's exports soared 44.25 percent to $24.31 billion, while imports grew 41.82 percent to $38.35 billion in August, leaving a trade deficit of $14.04 billion, ... Read more...
Posted in Business |