Business »
Brazil’s inflation hits 6.64 percent
Brazil’s 12-month inflation reached 6.64 percent in November, much higher than the 4.5-percent target, the country’s statistics agency IBGE announced Thursday. Over the first 11 months of the year, inflation reached 5.97 percent, reported
Read More »Sensex trading lower on negative global cues
A benchmark index for Indian equities Friday continued to trade lower amid negative cues from Asian markets and uncertainty over whether a European summit would see steps to curb the continent’s debt crisis. The
Read More »Sensex slips sharply in early trade
A benchmark index for Indian equities Friday fell sharply in early trade and was ruling close to 300 points lower within minutes of opening bell. The 30-scrip sensitive index (Sensex) of the BSE, which
Read More »Hike in Bengal’s credit-deposit ratio linked to investments
Stating that the low credit-deposit (CD) ratio of West Bengal is a matter of concern, Reserve Bank of India (RBI) Governor D. Subbarao on Thursday said that raising the ratio substantially will depend on
Read More »Sharjah Business Women Council signs MoU with Oxfam
Sharjah Business Women Council (SBWC) Thursday signed a Memorandum of Understanding (MoU) with Oxfam GB, a member of an international confederation of 15 organisations working together in 98 countries. The programme, known as “Intilaqah”
Read More »India is third largest buyer of US arms
India has emerged as the third largest purchaser of US arms with contracts worth $4.5 billion last year alone as US weapons sales rose to $34.8 billion in fiscal 2011, according to a Pentagon
Read More »Will check rupee fall: RBI
Expressing concern over the recent rupee depreciation, the country’s apex bank Thursday said it will take whatever measures were needed to check the fall of the currency. “The rupee depreciation in the last three
Read More »Microsoft Hyderabad gives a hand to less privileged
Microsoft employees at the Hyderabad campus Thursday completed their 11th annual Giving Campaign, during which they partner with NGOs to address social causes and help the less privileged. The finale celebrations included entertainment put
Read More »Sensex slumps 389 points on reform concerns
A benchmark index for Indian equities slumped 2.3 percent Thursday as uncertainties over domestic policy reforms and eurozone debt crisis continue to weigh on investors’ sentiments. The 30-scrip sensitive index (Sensex) of the Bombay
Read More »Auto sales up 22.2 percent in November
Despite high input costs, fuel price hikes and rising interest rates, the Indian automobile sector’s November sales grew by 22.22 percent at 1,489,714 units from 1,218,885 units in the like period of 2010. The
Read More »Sensex slumps 1.8 percent on weak global cues
A benchmark index for Indian equities was trading almost two percent down Thursday afternoon due to weak cues from global markets on continued concern over the euro-zone debt crisis. The 30-scrip sensitive index (Sensex)
Read More »New Zealand’s central bank leaves interest rate unchanged
The Reserve Bank of New Zealand (RBNZ) announced Thursday it was leaving the interest rates unchanged on 2.5 percent, citing a deteriorating global financial outlook. RBNZ Governor Alan Bollard said it was prudent to
Read More »`Downside risks to South Korean economy remain high’
Downside risks to the South Korean economy remained high due to external uncertainties such as Europe’s debt crisis and economic slowdown in major economies, the central bank said Thursday. “The domestic economy will not
Read More »S&P places EU, big European banks on negative watch
Standard & Poor’s Ratings Services has put its ratings on the European Union (EU) and some big banks on negative credit watch, warning possible downgrades within next 90 days if European leaders failed to
Read More »