Search Results for: India
Supreme Court’s coal block ruling may cause further economic impact
August 26th, 2014
A mass cancellation of coal blocks awarded since 1993 could cost India up to $3 billion in additional imports and hurt financial firms that have lent to the sector, broking firms said on Tuesday. Apex court ruled on Monday ...
IFC issues $2.5 billion rupee-denominated bonds
August 20th, 2014
The World Bank’s private-sector financing arm on Wednesday launched $2.5 billion, rupee-denominated, bonds in the Indian market to fund infrastructure projects, after raising $1 billion in offshore bonds for the sector last year. The International Finance Corporation’s (IFC’s) bond ...
How Money is Made
August 20th, 2014
Last month, the BRICS countries (Brazil, Russia, India, China, and South Africa) announced the establishment of their own development bank, which would reduce their dependence on the Western-dominated, dollar-focused World Bank and International Monetary Fund. These economies will benefit ...
Asian Stocks Fall as BHP Billiton Drags Index Lower
August 20th, 2014
Asian stocks fell after valuations reached the highest level this year and as BHP Billiton Ltd. (BHP) slumped, dragging materials shares to the largest decline on the regional gauge. BHP, the world’s largest miner, tumbled 3.9 percent in Sydney ...
China relies on WTO to ‘resolve differences’ and sign deal
August 18th, 2014
China said on Monday it regretted World Trade Organisation members had failed to reach an agreement on simplifying global customs rules, a breakdown it said could damage multilateral trade. India last month torpedoed a global deal to standardize and ...
The Fragmentation of Bretton Woods
August 18th, 2014
The world has changed considerably since political leaders from the 44 Allied countries met in 1944 in Bretton Woods, New Hampshire, to create the institutional framework for the post-World War II economic and monetary order. What has not changed ...
Apache discovers oil in Northwestern Australia
August 18th, 2014
US energy firm Apache on Monday announced an oil discovery off northwestern Australia which it said could potentially represent a new oil province for the country. The find at the Phoenix South-1 well is the first for Apache Energy ...
Nickel futures up 0.37 per cent on global cues
August 18th, 2014
Taking positive cues from the overseas market, nickel futures moved up by 0.37 per cent to Rs 1,133.60 per kg today as speculators enlarged positions. At the Multi Commodity Exchange, nickel for delivery in August gained Rs 4.20, or ...
Copper futures rise on global cues
August 18th, 2014
Copper prices rose Rs 2.25, to Rs 427 per kg in futures trade today. At the Multi Commodity Exchange, copper for delivery in far-month November traded higher by Rs 2.25, or 0.53 per cent, to Rs 427 per kg ...
WTO: Failure on customs deal will have considerable impacts
August 12th, 2014
In case of failing to conclude to a global customs rules deal, could lead to “considerable impact” on other areas of global trade negotiation, according to Roberto Azevedo, WTO Director. India has torpedoed a deal to simplify, standardize and ...
