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India, Maldives sign six dev cooperation pacts

2011-11-13 00:00:00

MALE, NOV 12 (PTI): Taking their bilateral ties to a new high, India and Maldives today inked six agreements, including a historic framework accord on development cooperation with a standby credit facility of $100 million to help stabilise Maldivian fiscal...

Cuba seeks Brazil aid to boost farm production

2011-11-13 00:00:00

SAO PAULO, Nov 11 (Reuters): Cuba is seeking a credit of $200 million from Brazil to import agricultural machinery and technology in hopes of increasing food output and reducing its reliance on imports, a Brazilian official said Friday. The communist...

China forecasts foreign trade to grow by 20pc in 2012

2011-11-13 00:00:00

BEIJING, Nov 12 (PTI): China's foreign trade will expand by 20 per cent to USD 3.5 trillion next year despite a decline in export markets worldwide due to the downturn in the US and EU economies, according to a ministry...

Vietnam, Chile sign trade pact

2011-11-13 00:00:00

HONOLULU, Hawaii, Nov 12 (AFP): The leaders of Chile and Vietnam Friday signed an accord to lift tariffs on thousands of goods, giving a boost to the small but rapidly growing trade between the Pacific Rim nations. In the fruition...

Base metals slide but gold, oil prices gain

2011-11-13 00:00:00

LONDON, Nov 12 (AFP): Prices of industrial metals slid this week as the ongoing eurozone debt crisis dented demand for copper and tin, but oil futures rose thanks to geopolitical tensions over Iran. BASE METALS: Major industrial metals prices declined,...

Abu Dhabi annual inflation slows to 22-month low

2011-11-13 00:00:00

DUBAI, Nov 12 (Reuters): Abu Dhabi's annual inflation rate slowed to a 22-month low of 0.9 per cent in October as transport prices in the Gulf emirate eased and housing costs were unchanged, data showed Saturday. Inflation in the emirate,...

Credit growth in private sector declines further

2011-11-13 00:00:00

Siddique Islam The credit growth rate in the private sector declined further in September last as the commercial banks are cautiously disbursing loans, bankers said Saturday. The rate of private sector credit growth came down to 21.98 per cent in...

CNG-consuming assocs threatento go on indefinite strike

2011-11-13 00:00:00

FE Report Leaders of five associations whose members consume compressed natural gas (CNG) have threatened to shut down their businesses for an indefinite period if the government further increases the price of the environment-friendly fuel. They also came down heavily...

Hart wants to play all the way through to finals

2011-11-13 00:00:00

LONDON, Nov 11 (AFP):England goalkeeper Joe Hart has told coach Fabio Capello he is willing to risk burn-out by playing every minute of his country's preparations for Euro 2012. Hart is firmly established as England and Manchester City number one...

Chelsea's Villa-Boas charged over referee criticism

2011-11-13 00:00:00

LONDON, Nov 11 (AP): The English Football Association has charged Chelsea manager Andre Villas-Boas with improper conduct over his criticism of a referee. Villas-Boas said Chris Foy's performance in Chelsea's 1-0 loss at Queens Park Rangers last month was "very,...

SME loan for women grows 30 per cent

2011-11-13 00:00:00

Sonia H Moni Loan disbursement for Small and Medium Enterprises (SMEs) run by women entrepreneurs increased significantly during the first six months of the year compared to the last year. Bangladesh Bank (BB) data showed that banks and non-banking financial...

United India Ins targets Rs80bpremium

2011-11-13 00:00:00

CHENNAI, Nov 12 (IANS): Logging an average business growth of 27 per cent this fiscal, public sector non-life insurer United India Insurance Company Ltd last Thursday said it is targetting a gross premium of Rs 80.0 billion and sizeable reduction...

Push for Pacific free trade bloc gains traction

2011-11-13 00:00:00

HONOLULU, Nov 12 (AP): Leaders working to forge a free trade bloc in the Pacific plan to announce an outline for achieving that goal at an annual Asia-Pacific summit this weekend, one of many initiatives aimed at fending off recession...

New Greek govt offers no austerity relief, may stay longer

2011-11-13 00:00:00

ATHENS, Nov 12 (Reuters): Greece's new cabinet may last a month or two longer than planned, a senior government official said Saturday, but whatever happens Greeks should not expect any relief from the tough austerity measures they have endured for...

Obama renews appeals for passage of jobs bill

2011-11-13 00:00:00

WASHINGTON, Nov 12 (AFP): US President Barack Obama Saturday renewed his appeal to Congress to pass a plan aimed at creating new jobs, saying military veterans returning to civilian life must be able to find work. In his radio and...

Brussels takes heavy hand in euro crisis

2011-11-13 00:00:00

BRUSSELS Nov 12 (AP): The European Union, never known for its light touch, is pushing through the euro crisis with an unusually heavy hand. Surprisingly, few people seem to be complaining. Brussels - and the leaders of the EU's two...

Iraq demands Exxon choose on Kurdistan oil contract

2011-11-13 00:00:00

BAGHDAD, Nov 12 (AFP): Iraq demanded Saturday that oil giant ExxonMobil choose between a new contract it has signed with the Kurdistan regional government and its existing contract for the huge West Qurna-1 field in the south. "We categorically deny...

Malaysian central bank holds rates

2011-11-13 00:00:00

KUALA LUMPUR, Nov 12 (Reuters): Malaysia's central bank kept its key interest rate unchanged at 3.00 per cent at its last monetary policy meeting for 2011 Friday, but warned of risks to growth as some analysts predicted a possible easing...

Italian lawmakers set to approve key reforms

2011-11-13 00:00:00

ROME, Nov 12 (AFP): Italian lawmakers were set to give the nod Saturday to a reform package aimed at staving off bankruptcy, as Greece got to work on its own economic makeover after a week of eurozone debt trauma. Italy's...

Hart wants to play all the way through to finals

2011-11-13 00:00:00

LONDON, Nov 11 (AFP):England goalkeeper Joe Hart has told coach Fabio Capello he is willing to risk burn-out by playing every minute of his country's preparations for Euro 2012. Hart is firmly established as England and Manchester City number one...

Chelsea's Villa-Boas charged over referee criticism

2011-11-13 00:00:00

LONDON, Nov 11 (AP): The English Football Association has charged Chelsea manager Andre Villas-Boas with improper conduct over his criticism of a referee. Villas-Boas said Chris Foy's performance in Chelsea's 1-0 loss at Queens Park Rangers last month was "very,...

Entrepreneurship boosts China employment

2011-11-13 00:00:00

BEIJING, Nov 12 (Xinhua): Over 10 million entrepreneurs emerged in 90 Chinese cities between the start of 2008 and the end of 2010, the number growing on average 15 per cent each year, said an official from the Ministry of...

Moody's to discuss India outlook

2011-11-13 00:00:00

NEW DELHI, Nov 12 (AFP): Global credit ratings agency Moody's, which cut the outlook for Indian banking system this week, will meet finance ministry officials Monday as part of a review of the country's rating, a report said. Moody's currently...

Brazil eyes strategic partnership with Africa

2011-11-13 00:00:00

SAO PAULO, Nov 12 (AFP): President Dilma Rousseff is expected to follow her predecessor in boosting Brazil's ties with Africa, a resource-rich continent seen as the last frontier for world capitalism, analysts say. Last month, Rousseff made her first trip...

Online shopping soars on Singles Day in China

2011-11-13 00:00:00

HANGZHOU, Nov 12 (Xinhua): Online shopping took off Friday in China as merchants slashed prices by up to 50 per cent to mark "Singles Day," spurring millions of people go on a shopping spree. Taobao Mall (Tmall), China's largest B2C...

Olympus 'to correct 20 years of financial figures'

2011-11-13 00:00:00

TOKYO, Nov 12 (AFP): Japan's Olympus mired in a loss cover-up scandal plans to correct financial statements going back two decades while authorities are set to question former managers, media reports said Saturday. Olympus plans to submit soon corrections to...

Thai floods to hit Dell's disk drive supply

2011-11-13 00:00:00

WASHINGTON, Nov 12 (AFP): Leading personal computer maker Dell said Friday that flooding in Thailand is likely to tighten supplies of the all-important hard disk drives used in its computers. "Dell is continuing to actively monitor the Thailand flooding situation,...

Universal Music takes over EMI for £1.2b

2011-11-13 00:00:00

PARIS, Nov 12 (AFP): Universal Music Group and its parent company French giant Vivendi will buy British music label EMI from US bank Citigroup for £1.20 billion (1.40 billion euros, US$1.90 billion), Vivendi said Friday. "Vivendi and its subsidiary, Universal...

Hyundai mulls new US plant

2011-11-13 00:00:00

ANN ARBOR, Michigan, Nov 12 (AFP): Hyundai is considering building another plant in the United States to meet rising demand for the South Korean company's vehicles, its top US executive said Friday. "We are looking at the situation very, very...

Boeing opens door to South Carolina deliveries

2011-11-13 00:00:00

NORTH CHARLESTON, South Carolina, Nov 12 (AFP): Boeing has set the last major cog in place on its new commercial aircraft site in South Carolina, the object of union ire and a hot-button political issue. On Friday, Boeing cut the...