China’s non-manufacturing sector shrinks
byBeijing, May 3 (IANS) China’s non-manufacturing sector shrank in April, according to figures issued Friday. The purchasing managers index (PMI) for the non-manufacturing sector…
Business
Brazilian stadiums to spur growth in high-speed Internet
byBrasilia, May 3 (IANS/EFE) Brazil’s communications minister said Thursday that the 12 stadiums to be used for the 2014 soccer World Cup will serve…
Loans to get cheaper as RBI cuts key policy rates
byMumbai: The Reserve Bank of India (RBI) Friday cut key policy rates by 0.25 percent, a move that will make auto, housing and other…
Bolivia earns $16 bn from energy industry
byLa Paz, May 3 (IANS/EFE) Bolivia has earned more than $16 billion from the energy industry since President Evo Morales nationalized the sector in…
RBI cuts key policy rate by 0.25 percent
byMumbai, May 3 (IANS) The Reserve Bank of India (RBI) Friday cut a key policy rate by 0.25 percent. This will make auto, housing…
US trade deficit shrinks
byWashington, May 3 (IANS/EFE) The US trade deficit declined by 11 percent in March to $38.8 billion due to a drop in crude oil…
Glencore, Xstrata complete merger
byGeneva, May 3 (IANS/EFE) Commodities trading house Glencore and mining group Xstrata have completed their long-awaited merger, creating one of the most powerful companies…
RBI cuts key policy rate by 0.25 percent
byMumbai, May 3 (IANS) The Reserve Bank of India (RBI) Friday cut the key policy rate by 0.25 percent, making auto, housing and other…
Obama’s trade pick hailed as India’s friend
byWashington, May 3 (IANS) The US-India Business Council (USIBC) has welcomed President Barack Obama’s nomination of a “friend of India”, Michael Froman, to the…
ECB cuts benchmark rate
byBratislava, May 3 (IANS/EFE) The European Central Bank Thursday cut its benchmark interest rate to a record low of 0.50 percent in an effort…