China says export recovery to take up to three years 06 March 2010, 06-1 Hrs
Beijing, March 6 (DPA) China expects the slow recovery of its exports from the global financial crisis to take up to three more years, Commerce Minister Chen Deming said Saturday.
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No funds to compensate stampede victims: Mayawati 05 March 2010, 05-2 Hrs
Lucknow, March 5 Uttar Pradesh Chief Minister Mayawati Friday said that her state was facing an 'acute financial crisis' and was not in a position to give any monetary compensation to the families of those killed or injured in Thursday's tragedy and urged the central government to do so instead.
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India to grow 7.5 percent this fiscal: President 22 February 2010, 22-1 Hrs
New Delhi, Feb 22 President Pratibha Patil Monday kicked off the budget session of parliament on a positive note, saying the country not only faced the global financial crisis with strong policies but was also poised to grow at 7.5 percent this fiscal.
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Global crisis to drag 21 million Asians into poverty 17 February 2010, 17-1 Hrs
Manila, Feb 17 (DPA) The global financial crisis could drag 21 million people of the Asia-Pacific region into extreme poverty, a UN and Asian Development Bank report said Wednesday.
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G-20 reflects growing importance of India, China: Obama 12 February 2010, 12-1 Hrs
Washington, Feb 12 President Barack Obama has told the US Congress that the key role given to the Group of 20 (G-20) leading economies in the global financial crisis reflects the growing importance of key emerging economies such as India and China.
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Auto component companies lost $400 million due to slowdown 10 February 2010, 10-1 Hrs
New Delhi, Feb 10 The financial crisis which crippled the sales streams of car manufacturers also dealt a heavy blow to component suppliers of the industry who took a hit of $400 million in terms of lost profits, according to a survey.
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Bank of America, former CEO charged with fraud 05 February 2010, 05-0 Hrs
New York, Feb 5 (DPA) Bank of America and its former chief executive Kenneth Lewis have been charged with fraud over the controversial takeover of rival Merrill Lynch at the height of the financial crisis, New York Attorney General Andrew Cuomo said Thursday.
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After recovery, phase out subsidies: IMF to India 04 February 2010, 04-2 Hrs
Washington, Feb 4 The International Monetary Fund (IMF) has asked India to phase out subsidies and introduce market-based pricing for petroleum products following its rapid recovery from the global financial crisis.
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IMF asks out of woods India to go for financial sector reforms 04 February 2010, 04-2 Hrs
Washington, Feb 4 Noting that India's rapid recovery from the global financial crisis has brought fiscal and monetary policy trade-offs to a head earlier than in other countries, IMF has suggested that India set financial sector reforms as its longer-term priorities.
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India will grow at 8 percent in 2010-2011, IMF predicts 04 February 2010, 04-2 Hrs
Washington, Feb 4 Noting that India's economy is one of the first in the world to recover after the global financial crisis, the International Monetary Fund (IMF) Wednesday predicted that Indian economy would grow at 8 percent in fiscal 2010-2011.
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