Slow growth in global trade, says World Bank

In the aftermath of the economic crisis, there has been slow growth in global trade, the World Bank has said.


French carmaker Renault chairman, Carlos Ghosn, said Saturday that he expects slower growth in Europe`s auto market next year as it continues to recover from the global economic crisis.

Set to grow faster, but won't sacrifice profitability: Chanda Kochhar

When asked by when the bank itself would have a headcount of more than one lakh, Kochhar said that would depend on the growth rate of the economy and the overall banking sector.

BRICS countries weathered global crisis well: India

India said on Thursday said BRICS nations have demonstrated economic resilience by weathering the global financial crisis rather well and are expected to play central role in post-crisis global economy.

'Address medium-term issues to sustain financial market rally'

Despite improvement in global financial stability in the past six months, an IMF study has warned that if progress on addressing medium-term challenges falters, rally in financial markets may prove unsustainable.

China's foreign trade likely to rise by 6% this year: Minister

China on Friday said its foreign trade is expected to increase by around 6 percent this year, well below the target of 10 percent due to downturn in exports owing to global economic crisis.

Global financial institutions on recovery path: Experts

Financial institutions are on path to recovery from the global economic crisis, an expert told a function organised by London Business School here.

Global financial system still vulnerable: IMF

Five years after the start of the crisis, global financial system is still not well and there is a lot of work to be done by regulators, supervisors, and the private sector to put it on a firmer footing, IMF has said in a report.

‘Global crisis forces reverse migration by up to 30%’

With concerns over the global economic situation and reports on growing unemployment, there is a rise in reverse brain drain by up to 30 percent, according to experts.

'Economic crisis may force donor nations to curtail development aids'

The ongoing global economic crisis has impacted development assistance funds provided by world's major economies to developing countries and such aids may fall further from its current levels, former foreign secretary Shyam Saran said here on Friday.

PM warns of economic troubles, seeks broad consensus

In the backdrop of the global economic crisis in recent years, Prime Minister Manmohan Singh Tuesday warned of "pitfalls" if India did not rise to the occasion and sought a "broad-based consensus" to meet the challenges.

US, EU must deepen economic ties to fight crisis: Clinton

Clinton voiced confidence that Europe has "the will and the means" to cut runaway debt, build "the necessary firewalls" to protect the euro and take steps to spur growth.

Volatile capital flows pose risk to emerging economies: RBI

Global capital flows are a two-way traffic between emerging and advanced economies, but the developing world remains vulnerable to volatility in such flows because they have limitations in borrowing in their own currencies in global markets, according to the RBI.

Steps to combat global crisis at right time: Pranab

Finance Minister Pranab Mukherjee on Sunday said that the global economic crisis have had an impact on India, but there was no need to panic and the government would not hesitate in taking tough decisions, if needed.

Steps to fight global crisis at right time: Pranab

Finance Minister Pranab Mukherjee
on Sunday said that the global economic crisis have had an impact
on India.

Moody's cuts eight Greek bank ratings by 2 notches

Moody's Investors Service on Friday downgraded the ratings of eight Greek banks by two notches each citing a struggling domestic economy and declining deposits among reasons for the move, which was expected by markets.

Danger of currency war if economic crisis deepens: Mukherjee

Indian Finance Minister Pranab Mukherjee on Thursday warned the international community that there is danger of a currency war if the ongoing economic crisis deepens.

Gold futures hit fresh record of Rs 28,800

Gold futures climbed to a fresh high of Rs 28,800 per 10 grams Tuesday, tracking a firming trend overseas, where the rate topped USD 1,910 an ounce as global financial turmoil raised demand for the metal as a safe haven.

Economic leadership at crux of turmoil: World Bank

World Bank chief Robert Zoellick said today that investors had lost confidence in the economic leadership of several key countries, warning global markets were in a "new danger zone" as a result.

Global crisis led to record number of reforms: WB

The global economic crisis has encouraged a rash of government reforms that should make it easier to start, run and close businesses around the world, according to a World Bank report released Tuesday night.