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World Bank warns US of 'dangerous moment' ahead

Source: Business Balla | Oct 13 2013, 12:06am CDT | by IANS

World Bank warns US of 'dangerous moment' ahead
Washington, Oct 13 (IANS) As talks broke down between President Barack Obama and House Republicans on ending a standoff over federal shutdown and debt ceiling, World Bank President Jim Yong Kim warned of the disaster ahead.
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FDI inflows to India down 29 percent in 2012: UNCTAD

Source: Business Balla | Jun 26 2013, 12:18pm CDT

FDI inflows to India down 29 percent in 2012: UNCTAD
Geneva, June 26 (IANS) Low investor sentiment, a slowing economy and high interest and inflation rates have dented India's image as a preferred foreign investment option. The country received 29 percent less FDI inflows in 2012, the UN Conference on Trade and Development (UNCTAD) said Wednesday.
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ECB leaves interest rates unchanged

Source: Business Balla | Jun 7 2013, 12:00am CDT

ECB leaves interest rates unchanged
Frankfurt, June 7 (IANS/EFE) The European Central Bank Thursday left its benchmark interest rate at the record low level of 0.50 percent in an effort to boost economic growth in the Eurozone.
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Spotify launches on Sony PlayStation Music
Spotify launches on Sony PlayStation Music
Spotify streaming music service is now available on PS3 and PS4.
 
Best Buy kills its Future Shop Brand in Canada
Best Buy kills its Future Shop Brand in Canada
Best Buy announced today to shut down its Future Shop stores.
 
Ikea Foundation's Better Shelter has partnered with UNHCR for safer refugee hous
Ikea Foundation's Better Shelter has partnered with UNHCR for safer refugee housing
Better Shelter and the UNHCR recently joined together in providing refugees and displaced people with long-term housing units as global crises mount. But what is a Better Shelter and how does it help?
 
 

Brazil allocates $68 bn to agriculture sector

Source: Business Balla | Jun 5 2013, 1:12am CDT

Brazil allocates $68 bn to agriculture sector
Brasilia, June 5 (IANS/EFE) The Brazilian government has announced that it is increasing the amount of money available for subsidized loans to the farm sector by 18 percent to 136 billion reais ($68 billion).
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Bank officials held in Russia over $1.5 mn bribe

Source: Business Balla | May 15 2013, 11:12pm CDT

Bank officials held in Russia over $1.5 mn bribe
Moscow, May 16 (IANS/RIA Novosti) The CEO and a senior manager from Rosbank, the Russian subsidiary of French banking giant Societe Generale, have been detained over an attempt to take a five million ruble bribe, the interior ministry said.
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South Korea cuts interest rates

Source: Business Balla | May 9 2013, 3:16am CDT

Seoul, May 9 (IANS) South Korea's central bank unexpectedly cut its benchmark interest rate by 25 basis points to 2.5 percent Thursday, altering the policy rate for the first time in seven months.
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South Korea cuts interest rates

Source: Business Balla | May 9 2013, 2:16am CDT

South Korea cuts interest rates
Seoul, May 9 (IANS) South Korea's central bank cut its benchmark interest rate by 25 basis points to 2.5 percent Thursday, altering the base rate for the first time in seven months.
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Brazil cuts interest rates on small business loans

Source: Business Balla | May 8 2013, 12:12am CDT

Brazil cuts interest rates on small business loans
Sao Paulo, May 8 (IANS/EFE) Brazilian President Dilma Rousseff has announced here a reduction in the interest rate on public loans for owners of small businesses from 8.0 percent to 5.0 percent.
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South Korea freezes interest rates

Source: Business Balla | Apr 11 2013, 4:26am CDT

South Korea freezes interest rates
Seoul, April 11 (IANS) South Korea's central bank Thursday kept its benchmark interest rate on hold at 2.75 percent despite the government's pressure to cut rates to revitalize the economy.
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