WORLD


IANS 07 January 2016
Washington : The World Bank has cut the global growth forecast for 2016 to 2.9 percent, saying that weak growth among major emerging markets will weigh on the global scenario during the year.   In its Global Economic Prospects Report issued on Wednesday, the Washington-based...

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IANS 06 January 2016
Washington : The US oil boom has changed the world's geopolitics of energy, reducing the influence of the Middle East on oil prices, the American Petroleum Institute (API) said on Wednesday.   "The American energy renaissance" is the key reason why the recent conflicts between Saudi...

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Sunil Mahajan 05 January 2016
Sustained low interest rates were the prime originators of the financial crisis in 2008. With the ECB changing its interest rates, there is a fear that seeds of another financial crisis may be sown with widespread negative interest rates   The return on investment in any instrument is...

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IANS 04 January 2016
Beijing : Chinese shares tumbled heavily in the morning session on Monday, the first trading day of 2016, with the benchmark Shanghai Composite Index nose-diving over four percent.   At 10.16 a.m. (local time) the benchmark Shanghai Composite Index slumped 4.03 percent and the smaller...

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IANS 19 December 2015
The bipartisan legislation, which provides $1.15 trillion in government spending and $680 billion in tax breaks, now goes to President Barack Obama's desk for his signature   US Senate on Friday approved a government spending and tax breaks package that would pay for government...

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IANS 17 December 2015
India is better placed than many of its peers after the American central bank - the US Federal Reserve - raised its key interest rates, said credit rating agency Fitch Ratings on Thursday.   "India is not immune to potential general emerging market jitters related to the Fed lift-off,...

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IANS 17 December 2015
 In a historic move, America's central bank, the US Federal Reserve, for the first time in nearly a decade raised its key interest rate from a range of 0 percent to 0.25 percent to a range of 0.25 percent to 0.5 percent   Wednesday's rate hike though a small one, is seen as a sign of...

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Sunil Mahajan 14 December 2015
Being a widely expected event, the increase in interest rates by the US Fed has already been factored in by the markets. Still, it would be interesting to find out if the US Fed will take into account the Chinese monetary action in its policy announcement   As legend has it, the...

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IANS 10 December 2015
Starting with President Barack Obama, the US is making a concerted effort to seek common ground with India with assurances to help countries adapt to the impacts of climate change, says the White House.   It "is quite entirely unfair to the Indians" to "describe them as the biggest...

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IANS 09 December 2015
Emerging markets, with the exception of India, are facing the fifth consecutive year of slow growth, a latest World Bank report has said.   According to report, the slowdown is expected to continue for some time.   "After enjoying years of enviable economic performance,...

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IANS 08 December 2015
Oil prices went below the $40-mark for the second time within a month on the previous trading day on Monday, following a decision of the Organisation of Petroleum Exporting Countries (Opec) late last week to keep producing optimally in an already saturated market.   As per latest OPEC...

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IANS 24 November 2015
India and Singapore signed a joint declaration on strategic partnership and nine bilateral accords on Tuesday, the second day of Prime Minister Narendra Modi's visit to this city state.   Modi and Singaporean Prime Minister Lee Hsien Loong signed the joint declaration on strategic...

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IANS 23 November 2015
India and Malyaysia signed three agreements on cyber security, cultural exchange and infrastructure development on Monday, the third day of Prime Minister Narendra Modi's visit to this southeast Asian nation.   While the cyber security agreement was signed between the Indian Computer...

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IANS 06 November 2015
The Greek parliament on Friday passed a second critical bill containing prior actions required by international lenders to unlock fresh bailout funding to the debt-laden country in coming weeks.   The draft bill included a new series of austerity measures such as an increase on the...

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IANS 28 October 2015
Nepal on Wednesday signed a MoU with Petro China in order to import all kinds of fuel from China, ending a long-held monopoly of buying fuel from the Indian Oil Corp (IOC).   Nepal Oil Corp (NOC) and Petro China signed the pact in Beijing following an unofficial trade and fuel embargo...

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IANS 23 October 2015
The People's Bank of China (PBOC) cut the reserve requirement ratio (RRR) of banks and benchmark interest rates on Friday.   From October 24, the RRR for financial institutions will be slashed by 0.5 percentage point, Xinhua news agency reported.   The RRR for qualified...

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IANS 22 September 2015
China's central bank pumped 50 billion yuan ($7.85 billion) into the money market via reverse re-purchase agreement (repo) on Tuesday, the first cash injection this week.   The yield for the seven-day reverse repo stood at 2.35 percent, Xinhua news agency quoted the Bank of China's...

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The Chinese have a lot of debt. Perhaps, not compared to Greece, but it is certainly impressive. Without demand, creating more stimuli might delay defaults in China. If defaults are put off too long, the consequences can be dramatic. The time has come for China   According to the...

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IANS 28 August 2015
The US Commerce Department on Thursday revised up its estimate for the real gross domestic product (GDP) in the second quarter to a growth of 3.7 percent, beating market expectations that growth should have bounced back only mildly from a meager growth in the chilly spring.   The...

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IANS 25 August 2015
The People's Bank of China (PBOC) announced on Tuesday a cut in the reserve requirement ratio (RRR) and lower key interest rates.   From September 6, it will cut the RRR for financial institutions by 50 basis points, Xinhua news agency reported.    The RRR for financial...

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