Asia

Petrol Price Hike In India: Rates Before And After Hike

The Indian Government Wednesday announced the single largest hike in petrol prices by Rs. 7.50 per liter (including tax). The hike price came into effect from midnight and has led to a nationwide protest with the common man, the government's allies and oppositions fuming over the issue.

May 24, 2012

Prices of the safe haven yellow precious gold metal jumped 0.2 per cent to $1,751.80 an ounce after finance ministers in the heavily fiscal-affected eurozone and the International Monetary Fund (IMF) agreed to reduced Greece's long-term debt.

India's Gold Demand Falls 29 Percent In Q1; Price Upturn Likely In Future

India's gold demand slumped 29 percent in the year's first quarter, falling far behind China which is now the world's leading bullion market, the World Gold Council said Thursday. As per the organization's report, the country's gold consumption in volume declined to 207.6 tonnes in the first quarter, as compared to that of 291.8 tonnes at the same period the previous year. India's gold jewellery market reported a drop at 19 percent to 152 tonnes, while investment demand dipped 46 percent down...

May 17, 2012

Jewellers Pin Hopes on Akshaya Tritiya: Soaring Gold Prices Not To Affect Business, Traders Feel

The jewellers and traders across India had geared up for the Akshaya Tritiya as the people are expected to throng the gold shops in large numbers on Tuesday for the purchase.

Apr 23, 2012

india-gold-etf-demand-likely-to-explode-wgc

India Gold Jewelers Back in Business, Ends 20-Day Nationwide Strike

Gold demand in India remained low after the country's gold bullion traders and jewelers ended their 20-day nationwide strike on Friday, but the gold entrepreneurs remained confident consumer interest on the precious safe haven yellow metal will pick up as the annual wedding season in the country begins.

Apr 10, 2012

Teachers Credit Union Now A Bank; Lenders Jack Up Fixed Mortgage Rate

Due to the rising dissatisfaction level among Australians with large banks, more people are bringing their business to credit unions. As a result of this change, a number of Aussie credit unions are becoming banks.

Apr 2, 2012

Analysts Say Big 4 Could Cut Rates In April Due to Lower Funding Costs

Lower funding costs would allow the big four to cut interest rates on loans in April, while still protecting their profits, analysts said on Friday.

Mar 30, 2012

BRICS Summit 2012: Members to Pressurise Europe, U.S. Over Global Monetary Imbalances

The members of the BRICS group-Brazil, Russia, India, China and South Africa have been united to pressurise the European countries and United States of America over the global economic imbalances and monetary policies, at the ongoing fourth meeting in New Delhi Thursday.

Mar 29, 2012

India-Zimbabwe Trade Doubles in Four Years

Trade between India and Zimbabwe has reached to US $ 125 million in the financial year, 2010-2011, said Commerce Ministry Tuesday.

Mar 21, 2012

India, Africa Set $ 90 Billion Business Target

India and African nations have decided to set a $90-billion business target to be met by 2015.

Mar 18, 2012

Indian Budget 2012-13: What the Industry Expects from FM

The Government of India is scheduled to present the Union Budget for FY2013 on March 16, which is crucial for the economy and markets.

Mar 15, 2012

Vijay Amritraj Quits Kingfisher Airlines Board

Former tennis star Vijay Amritraj resigned from the board of Kingfisher Airlines Ltd, effective from March 14.

Mar 14, 2012

Indian Stocks End Higher, Banking Shares Surge

Indian stock markets ended higher for the fourth day Wednesday, led by gains from banking and Capital Goods sector stocks.

Mar 14, 2012

Metals, Realty Drive Indian Stocks Rally; Natco Gains 1.6 Percent

Indian stock markets advanced for the third day on Tuesday, led by gains from Metal and Realty sector stocks.

Mar 13, 2012

EU Trade Commissioner Meets Anand Sharma

Karel De Gucht, the European Union Trade Commissioner called on Anand Sharma the Union Minister of Commerce, Industry and Textiles.

Feb 10, 2012

Moody's Includes Aussie Banks in List of Asian Lenders Most Vulnerable to EU Debt Crisis

Rating agency Moody's named on Tuesday banks in Australia and three other Asia Pacific nations as the most vulnerable in the region to Europe's debt crisis. The three others are lenders in New Zealand, Korea and Vietnam.

Feb 7, 2012

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