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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 | by Luigi Lugmayr

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 | by Luigi Lugmayr

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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Latest stories

Fareed Zakaria faces fresh plagiarism charges
Washington, Aug 20 (IANS) Indian-American journalist Fareed Zakaria, who two years ago got away from a plagiarism controversy claiming he made a "terrible mistake", is facing fresh plagiarism charges from anonymous internet watchdogs. | by IANS
 
Ukraine seeks combined IMF aid tranches
Kiev, Aug 20 (IANS) Ukraine Wednesday voiced hope that the International Monetary Fund (IMF) will consider a possibility of combining the third and fourth tranches of its aid programme for Kiev. | by IANS
 
Investments pouring in from Singapore: Bengal minister
Singapore, Aug 20 (IANS) Camping here to woo investors, West Bengal Finance Minister Amit Mitra Wednesday said many companies have signed joint ventures and letters of intent promising to pump in at least Rs.1,200 crore in his state. | by IANS
 
 

Brazil allocates $68 bn to agriculture sector

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

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 | by Luigi Lugmayr

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 | by Luigi Lugmayr

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 | by Luigi Lugmayr

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 | by Luigi Lugmayr

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 | by Luigi Lugmayr

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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Latest from the Network

43 killed in fresh clashes in Ukraine
Kiev, Aug 20 (IANS) At least 43 people, including 34 civilians, were killed in fresh clashes in eastern Ukraine over the last 24 hours, authorities said Wednesday. Nine government troopers were killed and 12 others...
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INS Sahyadri reaches Philippines to enhance naval ties
Manila, Aug 20 (IANS) The Indian Navy's INS Sahyadri arrived in Manila, Philippines Wednesday and made a courtesy port call to reinforce naval ties, a defence ministry statement said. Navy officials said the...
Read more on Politics Balla
 
40 soldiers in Nigeria face execution for mutiny
Abuja, Aug 20 (IANS) Nigeria's Chief of Army Staff Kenneth Minimah has said some 40 soldiers in north-eastern Nigeria, who refused to fight the Islamist Boko Haram group, would be court-martialled and sentenced to...
Read more on Politics Balla
 
Wife, workmate charged with Sikh man's murder
Wellington, Aug 20 (IANS) The wife of a Sikh man and her workmate have been charged with murdering him in New Zealand, media reported Wednesday. Gurjinder Singh, 25, and Amandeep Kaur, 31, appeared in the Auckland...
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Hamas military head alive as Gaza conflict continues (Roundup)
Gaza, Aug 20 (IANS) Islamist movement Hamas said Wednesday its military wing commander Mohammed Deif is alive and still issuing orders in the fight against Israel in the Gaza Strip, according to media reports. Israeli...
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Three policemen shot dead in Yemen
Sanaa, Aug 20 (IANS) Three policemen were killed by unidentified gunmen in Yemen's southern province of Abyan late Wednesday, a government official said. The gunmen with assault rifles opened fire at military police...
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West Indies sever ties with Gibson
St. John's (Antigua), Aug 20 (IANS/CMC) Ottis Gibson's tenure as head coach of the West Indies cricket team has ended and team manager and former captain Richie Richardson will take interim charge for the ODI series...
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Windies officials fine-tune plans to host international matches
Kingstown (St. Vincent), Aug 20 (IANS/CMC) Cricket authorities in St. Vincent say they are fine-tuning preparations to host four international matches here next month. The West Indies and Bangladesh will play their...
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Nigeria football federation headquarters gutted
Abuja, Aug 20 (IANS) A fire gutted the headquarters of the Nigeria Football Federation (NFF) Wednesday but no one was killed or injured in the incident, an official said. Spokesman of the NFF Ademola Olajire said the...
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Kipchoge aims at Chicago Marathon course record
Nairobi, Aug 20 (IANS) Kenya's Rotterdam marathon champion Eliud Kipchoge will make another attempt to run under the two hours and four minutes when he lines up at the fast course of the Chicago Marathon slated for Oct...
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