world economy

Chinese president reaffirms support to Europe in debt crisis


August 31st, 2012 - 12:08 am ICT by IANS
Beijing, Aug 30 (IANS) Chinese President Hu Jintao said Thursday that China firmly supports Europe's efforts to overcome the debt crisis and the important role that the International Monetary Fund ... Read more...

Posted in World |

Raghuram Rajan takes over as Chief Economic Advisor


August 29th, 2012 - 3:55 pm ICT by IANS
New Delhi, Aug 29 (IANS) Raghuram G Rajan, former IMF chief economist, took charge as chief economic adviser (CEA) in the finance ministry Wednesday."I am glad to be here," ... Read more...

Posted in Business |

Indian American academic to head US institute


August 17th, 2012 - 12:05 pm ICT by IANS
New York, Aug 17 (IANS) Leading New York university The New School has named Indian American academic Sanjay Reddy as one of the two directors of the India China Institute ... Read more...

Posted in World |

Russia ready for possible economic meltdown: Putin


August 16th, 2012 - 8:19 pm ICT by IANS
Moscow, Aug 16 (IANS/RIA Novosti) The Russian economy is prepared for a possible economic meltdown as a result of the slowing of global growth and the escalating eurozone debt crisis, ... Read more...

Posted in Politics |

Amid China’s forays, India wakes up to Latin America


August 5th, 2012 - 4:06 pm ICT by IANS
New Delhi, Aug 5 (IANS) As China spreads its growing tentacles across Latin America, India is moving to forge a multi-layered partnership with the resource-rich region that is projected to ... Read more...

Posted in Business |

`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 |

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 |

4.5 mn jobs at risk in eurozone in four years: UN


July 12th, 2012 - 1:10 pm ICT by IANS
New York, July 12 (IANS/AKI) The 17-nation eurozone faces a further loss of 4.5 million jobs, prolonged recession and social unrest over the next four years, the UN has warned ... Read more...

Posted in Business |

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 |

China’s inflation eases to 29-month low (Lead)


July 9th, 2012 - 3:02 pm ICT by IANS
Beijing, July 9 (IANS) China's Consumer Price Index (CPI), a main gauge of inflation, has eased to a 29-month low driven by falling food prices, leaving the government ample room ... Read more...

Posted in Business |

We will restore growth, investor confidence: PM


July 6th, 2012 - 2:54 pm ICT by IANS
New Delhi, July 6 (IANS) While the world economy was facing challenging times, India's growth story was still intact, Prime Minister Manmohan Singh has said while promising action ... Read more...

Posted in Business |

‘Indian rupee a victim of unstable global emerging market’


June 29th, 2012 - 10:15 pm ICT by IANS
Panaji, July 29 (IANS) The Brazilian real has taken as bad a battering as the Indian rupee, Morgan Stanley Investment Banking India managing director Aisha de Sequeira said Friday, adding ... Read more...

Posted in Business |

Chinese, US presidents meet on bilateral ties


June 20th, 2012 - 9:54 am ICT by IANS
Los Cabos (Mexico), June 20 (IANS) Chinese President Hu Jintao met his US counterpart Barack Obama here Tuesday on bilateral relations and major issues of common concern.Over the past ... Read more...

Posted in World |

Chinese, Mexican presidents discuss ties


June 18th, 2012 - 4:49 am ICT by IANS
Los Cabos (Mexico), June 18 (IANS) Chinese President Hu Jintao and his Mexican counterpart Felipe Calderon met here Sunday to discuss bilateral relations.Noting that it was the third time he ... Read more...

Posted in World |

Through YouTube, Indian envoy reaches out to Indonesians (Lead)


June 12th, 2012 - 6:55 pm ICT by IANS
Jakarta, June 12 (IANS) In his first outreach to the people of Indonesia, India's new ambassador Gurjit Singh has used YouTube to say that the two countries would contribute ... Read more...

Posted in World |

Indian envoy turns to YouTube, reaches out to Indonesians


June 12th, 2012 - 1:52 pm ICT by IANS
Jakarta, June 12 (IANS) India's new ambassador Gurjit Singh used YouTube in his first outreach to the people of Indonesia to say that the two countries would contribute to ... Read more...

Posted in World |

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 |

India mulling free trade pacts with African countries


May 15th, 2012 - 8:48 pm ICT by IANS
New Delhi, May 15 (IANS) India is exploring possibilities of entering into free trade pacts with regional groupings of African countries such as the 19-nation Common Market for Eastern and ... Read more...

Posted in World |

China, US should promote peace in Asia-Pacific: Hu


May 3rd, 2012 - 12:42 pm ICT by IANS
Beijing, May 3 (IANS) China and the US should promote peace and stability in the Asia-Pacific region and beyond, Chinese President Hu Jintao said here Thursday.Hu made the remarks when ... Read more...

Posted in World |

Clinton in Beijing for strategic, economic dialogue


May 2nd, 2012 - 12:30 pm ICT by IANS
Beijing, May 2 (IANS) US Secretary of State Hillary Clinton arrived in Beijing Wednesday for the fourth round of the China-US Strategic and Economic Dialogue.The top US diplomat and ... Read more...

Posted in World |

India, China will lead Asia’s growth: IMF (Lead)


April 27th, 2012 - 8:10 pm ICT by IANS
Washington, April 27 (IANS) Even as it lowered India's growth forecast to 6.9 percent this year from 7.1 percent in 2011, the International Monetary Fund (IMF) Friday said led by ... Read more...

Posted in Uncategorized |

Call for urgent IMF quota, governance reforms


April 22nd, 2012 - 2:23 am ICT by IANS
Washington, April 22 (IANS) Reaffirming the urgency of making the 2010 quota and governance reforms effective by October to enhance the International Monetary Fund's legitimacy and credibility, its steering ... Read more...

Posted in Business |

IMF arms itself with $430 bn new funding


April 21st, 2012 - 10:20 am ICT by IANS
Washington, April 21 (IANS) The International Monetary Fund has almost doubled its "fire power" to protect the world economy against deepening debt turmoil in Europe with the Group of 20 ... Read more...

Posted in Uncategorized |

India asks G-20 to nake ‘credible and ambitious’ action plan


April 20th, 2012 - 10:50 am ICT by IANS
Washington, April 20 (IANS) India has called upon G-20 nations, the world's top economies, to work out a "credible and ambitious" action plan to put the global economy firmly ... 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 |

India seeks to strengthen relations with Israel (With Image)


April 6th, 2012 - 6:56 pm ICT by IANS
Tel Aviv, April 6 (IANS) India feels there is need to strengthen bilateral relations with Israel which is possible for both the countries through collaborations in research and education sectors.While ... Read more...

Posted in World |

Sustainable development needed in Asia: Chinese official (Lead)


April 2nd, 2012 - 1:35 pm ICT by IANS
Boao (China), April 2 (IANS) Chinese Vice Premier Li Keqiang Monday called for joint efforts to push forward Asia's sound and sustainable development in the wake of complex global ... Read more...

Posted in Business |

World Bank chief Zoellick in India Monday


March 25th, 2012 - 6:57 pm ICT by IANS
New Delhi, March 25 (IANS) World Bank Group President Robert B. Zoellick will begin his fourth official visit to India from Monday to take stock of the efforts to ... Read more...

Posted in Business |

India, China not spared from US sanctions on Iran oil


March 21st, 2012 - 9:44 am ICT by IANS
Washington, March 21 (IANS) The United States has not included India and China in a list of 11 nations that would be spared financial sanctions as they have significantly ... Read more...

Posted in Business |

Government confident of returning to 9 percent growth (Roundup)


March 12th, 2012 - 9:01 pm ICT by IANS
New Delhi, March 12 (IANS) The government Monday expressed confidence that the country would return to a high economic growth rate of eight to nine percent, unveiling a blueprint ... Read more...

Posted in Politics |

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 |

‘Slow global recovery biggest uncertainty for China’


March 12th, 2012 - 1:58 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 |

Country will soon be on high growth path: president


March 12th, 2012 - 12:47 pm ICT by IANS
New Delhi, March 12 (IANS) Stating that the United Progressive Alliance (UPA) was committed to honest and efficient governance, President Pratibha Patil Monday said the country would soon be ... Read more...

Posted in Politics |

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