Wednesday 23rd April 2014

Irish vote, German court add euro zone uncertainty

Published : 12:00 am  March 1, 2012  |  Category: INTERNATIONAL  |  Leave a Comment  |  310 views  |  
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Reuters: A planned referendum in Ireland and a German court ruling cast new uncertainty on Tuesday over efforts to overcome the euro zone’s debt crisis, just when a flood of central bank money appeared to be calming financial markets.  Read More →


India’s GDP grows 6.1% in Q3, weakest in almost 3 years

Published : 12:00 am  March 1, 2012  |  Category: INTERNATIONAL  |  Leave a Comment  |  307 views  |  
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Reuters: India’s economic growth slowed to its weakest annual pace in almost three years in the three months to December, as high interest rates and rising input costs constrained investment and manufacturing.  Read More →


Five million flood-hit Pakistanis still need aid, UN says

Published : 12:00 am  March 1, 2012  |  Category: INTERNATIONAL  |  Leave a Comment  |  262 views  |  
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NEW DELHI (AlertNet) : Over five million people in Pakistan still need basic aid such as shelter, clean water and healthcare six months after floods inundated thousands of villages in the south, a senior U.N. official said.  Read More →


Asia shares edge up

Published : 12:06 am  February 29, 2012  |  Category: INTERNATIONAL  |  Leave a Comment  |  378 views  |  
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Reuters: Asian shares and the euro edged higher on Tuesday as markets waited for a second liquidity injection from the European Central Bank to gauge risk appetite that has been somewhat dented by worries over high oil prices.  Brent crude oil futures slipped, extending losses after snapping a week-long rally on Monday, but concerns over supply from the Middle East helped stem the slide. MSCI’s broadest index of Asia Pacific shares outside Japan edged up 0.5 percent, with the defensive healthcare sector outperforming. The pan-Asia index has risen 13 percent this year, while Japanese equities have gained 14 percent.  Read More →


India’s GDP growth may be slowest in over two years: Reuters poll

Published : 12:05 am  February 29, 2012  |  Category: INTERNATIONAL  |  Leave a Comment  |  353 views  |  
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Reuters: India’s economy likely grew at its slowest pace in more than two years during the final months of 2011 as high interest rates and booming input costs hampered manufacturing activity, a Reuters poll predicted.  Gross domestic product in Asia’s third-largest economy grew at an annual 6.4 percent rate in the quarter to end-December, according to the poll of 26 economists. Forecasts ranged from 6.0 to 7.3 percent with a majority of them lying below the consensus.  Read More →


Merkel scrapes win on Greek bailout, rebels grow

Published : 12:05 am  February 29, 2012  |  Category: INTERNATIONAL  |  Leave a Comment  |  325 views  |  
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Reuters:German Chancellor Angela Merkel scraped through a parliamentary vote endorsing a second bailout for Greece on Monday but faced a growing backbench revolt against pouring in more money in support of the euro zone.  The comfortable 496-90 victory, with five abstentions, was inflated by centre-left opposition support, but only 304 of Merkel’s 330 centre-right coalition lawmakers backed the motion. Seventeen coalition rebels voted “No” this time, compared to 13 who defied her last September in a vote to boost the euro zone rescue fund.  Read More →


G20 to Europe: show us the money

Published : 12:00 am  February 28, 2012  |  Category: INTERNATIONAL  |  Leave a Comment  |  287 views  |  
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Reuters: Leading economies told Europe it must put up extra money to fight its debt crisis if it wants more help from the rest of the world, piling pressure on Germany to drop its opposition to a bigger European bailout fund.  Read More →


Indian rupee extends fall on importer payments, weak shares

Published : 12:00 am  February 28, 2012  |  Category: INTERNATIONAL  |  Leave a Comment  |  350 views  |  
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MUMBAI,(Reuters): The Indian rupee extended its decline in afternoon trading on Monday as a drop in stock prices and strong dollar-demand from domestic oil companies negated strong capital inflows.    At 2:04 p.m. (0834 GMT), the rupee was at 49.09/10 to the dollar, down from Friday’s close of 48.935/945.  Read More →


World Bank says China’s economy at ‘turning point’

Published : 12:00 am  February 28, 2012  |  Category: INTERNATIONAL  |  Leave a Comment  |  332 views  |  
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BEIJING: China has reached a “turning point” in its economic development, with the pace of growth likely to nearly halve in the next two decades, World Bank and Chinese government researchers said Monday.  Read More →


Arab Spring ‘will reach every Arab state’ – Prince Alwaleed

Published : 12:00 am  February 27, 2012  |  Category: INTERNATIONAL  |  Leave a Comment  |  476 views  |  
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Saudi Arabia’s Prince Alwaleed has warned that the Arab spring “will eventually reach every Arab state,” in a column published by Arabian Business last week. The Kingdom Holding chairman says that “If there is a lesson to be learned from the Arab Spring, it is that the winds of change that are now blowing in the Middle East will eventually reach every Arab state.  Read More →


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