World Bank says China, India to be biggest investors by 2030
Friday May 17, 2013
India and China are expected to be the largest investors among developing countries by 2030, with the two Asian giants accounting for 38 per cent of global gross investment, a World Bank report said today.
Eastern corridor: $1.25 billion loan pact with WB likely by June
Sunday May 12, 2013
Dedicated Freight Corridor Corporation of India Ltd is likely to sign a $1.25 billion loan agreement with the World Bank by June for developing the second phase of Eastern Corridor between Kanpur and Mughalsarai.
Yen weakens past 100 to dollar, may fan talk of currency war
Friday May 10, 2013
The yen weakened past 100 per dollar, giving Japanese Prime Minister Shinzo Abe a symbolic victory for his easy money policies, with markets bracing for further declines in the currency that could raise tensions with trading partners.
Hackers steal $45 million in global plot involving ATM card breach
Associated Press | Friday May 10, 2013
A worldwide gang of criminals stole $45 million in a matter of hours by hacking their way into a database of prepaid debit cards and then draining cash machines around the globe, federal prosecutors said on Thursday - and outmoded U.S. card technolog...
China trade data pushes world stocks to five-year highs
Wednesday May 8, 2013
Strong Chinese trade data pushed world shares to five-year highs on Wednesday and boosted growth-sensitive currencies and metals, despite doubts about the quality of the figures.
World stock rally pauses in holiday-affected trade
Monday May 6, 2013
The dollar edged up against the yen on Monday and stocks held near last week's multi-year highs as the global economic outlook, brightened by strong U.S. jobs data, buoyed sentiment.
Gold hits two-week high on weak dollar before US jobs data
Friday May 3, 2013
Gold jumped to two-week highs above $1,480 an ounce on Friday, heading for its second straight weekly gain, as the dollar fell ahead of U.S. nonfarm payrolls report, scheduled for 12:30 GMT (6 p.m. IST).
Asian shares fall on weak China PMI, ECB in focus
Thursday May 2, 2013
Weak Chinese manufacturing data reinforced doubts over the health of global economies and pushed Asian shares lower on Thursday, as investors cautiously awaited a European Central Bank meeting that could see interest rates cut to support growth.
Asian shares fall on fears for health of world economy
Thursday May 2, 2013
Investor sentiment has weakened as oil futures and U.S. stocks dropped overnight after the latest U.S. economic data cast doubts about the strength of the world's biggest economy.
Chinese way of doing business: In cash we trust, exclusively
David Barboza, The New York Times | Wednesday May 1, 2013
Lin Lu remembers the day last December when a Chinese businessman showed up at the car dealership he works for in north China and paid for a new BMW 5 Series Gran Turismo - entirely in cash.
Central Bank stimulus hopes lifts European shares
Tuesday April 30, 2013
Opinions remain divided on whether the ECB will lower interest rates. Only a narrow majority of 76 economists polled by Reuters last week forecast a 25 basis point cut in the main rate to 0.5 per cent on Thursday. A separate survey of money market de...
Monday April 29, 2013
Gold ticked up on Monday, holding near its highest level in more than a week, as a rebound in prices from a 2-year trough failed to curb investor appetite for the precious metal.
Demand for Indian bonds likely to pick up: Barclays
Sunday April 28, 2013
The demand for Indian bonds is likely to pick up in the coming days in the wake of declining commodity prices and rationalised debt limits for foreign investors, according to a Barclays report.
Dollar weaker against yen; bond yields decline
Saturday April 27, 2013
The US dollar tumbled against the yen on Friday after the Bank of Japan left its monetary policy unchanged, while benchmark US bond yields fell to near four-and-a-half-month lows after the US economy grew less than expected in the first quarter.
Asian shares rise on U.S. data, regional earnings eyed
Friday April 26, 2013
Asian shares rose on Friday, tracking global equities higher after upbeat U.S. labour market data, while the dollar eased slightly on currency markets that were otherwise watching for the strength of signals coming from a Bank of Japan policy review.
