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Wednesday, June 19, 2013 
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Financial Crisis

Migration from crisis countries up by nearly half: OECD


Migration from countries worst affected by the global financial crisis has jumped by almost half sin...

British band Blue faces money issues


Members of British band Blue are facing monetary hassles.

RBI chief Subbarao to attend IMF conference next month


Reserve Bank of India Governor Duvvuri Subbarao will share his perspective at an IMF conference here...

Ratan Tata sees India achieving 7% growth in couple of years


The Chairman Emeritus of the Tata Group said that the recent steps by the government have restored i...

CM owes explanation on current fiscal crisis: DMK


Opposition DMK Thursday demanded that Chief Minister N Rangasamy led AINRC government release a whit...

Europe determined to overcome crisis: Italian president


Europe is determined to overcome its current crisis, Italian President Giorgio Napolitano said after...

Spain moves to halt home evictions after suicide


Some 400,000 families have been evicted from their homes since the onset of Spain`s financial crisis...

Kingfisher Airlines tanks 5%; hits lower circuit


The airline had declared a partial lockout on Monday night, grounding all its flights, after its eng...

Thousands march in Paris against austerity


Thousands of demonstrators are marching peacefully in Paris to denounce austerity measures.

No financial structure model fits all circumstances: IMF


No single financial structure model fits all circumstances, the International Monetary Fund has sai...

Indian banks appears insulated from financial crisis: IMF


India seems insulated from the worst of effects of global financial crisis as it has relatively low ...

South Korean conglomerates see economy worse than 2008


A majority of South Korean conglomerates were seeing current economic conditions worse than those in...

Spain needs to take decisive actions to cope with crisis: IMF


The International Monetary Fund (IMF) has said that Spain needs to take "decisive actions"...

Lakshmi Mittal pessimistic on Europe's economy


One of Britain's richest men, Mittal's lack of enthusiasm can be seen as bleak for the economic outl...

'Europe's debt crisis to be prolonged'


Europe's debt crisis has the nature of protracting and consistently existing due to the failure to t...

TCS looking at Australia, Middle East for growth: Tata


Tata Group Chairman Ratan Tata on Friday said group IT company TCS is looking at opportunities in Au...

US Federal Reserve ready to act if Europe crisis worsens


US Federal Reserve Chairman Ben Bernanke said on Thursday his institution is ready to act if the Eur...

Foreign investments should be encouraged: Pawar


Agriculture Minister Sharad Pawar on Saturday said India can take advantage of the financial crisis ...

Leading Spanish bank seeks fund support to avert bankruptcy


Spain's fourth largest bank Bankia, which lost billions of euros through its exposure to the collaps...

Realty share in FDI slumps to 1.94% between Apr'09 and Dec'11


Owing to global financial crisis, the foreign direct investment (FDI) in the real estate sector betw...

‘Centre’s policies to blame for financial crisis’


The economy gets affected when policies are framed with political and electoral gains in mind, BJP l...

Centre not helping Bengal at all: Mamata


West Bengal Chief Minister Mamata Banerjee on Tuesday accused the Centre of not helping her governme...

SpiceJet to perform better going forward: Report


SpiceJet is poised to perform comparatively better than its peers, but a financial turnaround in the...

Global economic crisis a wake-up call for Asia: ADB


Financial crisis in Europe could escalate and along with slow recovery in the US, this year will be ...

Signals 'disturbing', but not 1991-type situation now: RBI


Reserve Bank Governor D Subbarao has said that rising fiscal deficit and short-term debt levels are ...

Bernanke defends Fed response to financial crisis


Chairman Ben Bernanke said Friday that the Federal Reserve was left with few good options when it st...

Rise in US exports brightens outlook for economy


American businesses sold a record number of goods and services in Europe, China and other foreign ma...

Bernanke says Fed working on regulatory failures


Chairman Ben Bernanke said Monday that the Federal Reserve is working to address the regulatory fail...

Greece suspends track and field operations over spending cuts


Greece’s track and field authority suspended all athletic operations Wednesday because of severe spe...

Lehman exits bankruptcy to repay debt and vanish


The debtors of Lehman Brothers, whose stunning collapse in 2008 sparked global financial panic, emer...

Capital controls always seen as temporary: Rangarajan


Capital controls have become more respectable since the 2008 financial crisis but must be seen as te...

Fed will protect US from Europe fallout: Bernanke


Europe's financial crisis still threatens the US recovery, and the Federal Reserve will do everythin...

Whitney Houston in financial crisis


Singer-actress Whitney Houston is reportedly facing financial crisis.

Obama to lay out a blueprint for rebuilding US economy


US President Barack Obama on Saturday asked his supporters to watch his State of the Union Address w...

World economic leaders call for action against slowing growth


A group of economic leaders from across the world, including chiefs of the IMF and the World Bank, o...

Govt to set up spl group to deal with impact of global crisis


The Finance Ministry on Monday decided to set up a Crisis Management Group (CMG) to deal with the im...

Obama gets payroll tax extension as Christmas gift


Ahead of Christmas, President Barack Obama on Friday achieved a major political victory when Republi...

The new international economic disorder


There is no restoring fully that order. Rather than recovering strongly, sluggish Western growth is ...

The new international economic disorder


There is no restoring fully that order. Rather than recovering strongly, sluggish Western growth is ...

Britain to split banks to protect economy


Britain on Monday announced plans to separate the retail and investment arms of its banks to prevent...

World economy is slowing down: OECD


Leading indicators all point to a slowdown in the world's major developed economies, the OECD said o...

India inches closer to crisis as rupee retreats


India may face its worst financial crisis in decades if it fails to stem a slide in the rupee, leavi...

Italy's Monti seeks broad support for crisis measures


Italian Prime Minister Mario Monti met party leaders on Saturday to drum up support for new measures...

Cash-strapped Spaniards bet on Christmas lottery win


Millions are out of work and a recession looms, all the more reason for Spaniards to dig deep into t...

European economic crisis to be on platter in US-EU Summit


A broad range of issues like Iran, Eurozone economic crisis and situation in the Middle East are exp...

Deficit "super committee" stalled as deadline looms


Both sides of Congress' deadlocked "super committee" held separate talks on Saturday, but ...

Italy vote clears way for Berlusconi resignation


Italy's parliament gave final approval to a financial stability law on Saturday, paving the way for ...

DGCA starting financial surveillance of airlines


India's aviation regulator on Friday said it was starting financial surveillance of all airlines as ...

Italy eyes unity cabinet as EU dithers on crisis


Italy moved closer to a national unity government on Thursday, following Greece's lead in seeking a ...

Cash-rich cos sit tight, fearing govt meddling: Fidelity


Fears of government intervention and regulatory changes are causing companies in Asia and Europe to ...