Business

November 13, 2012 1:28 PM

Greece waits for money as Eurozone Fin Mins delay bailout release

Eurozone ministers have agreed to give Greece two more years, until 2016, to meet its deficit-reduction targets. However the finance ministers delayed a decision on releasing the latest 25.2 billion dollars of bailout funds. Differences also emerged among Greece's lenders on how to make its...

November 13, 2012 12:19 PM

US to become world's biggest oil producer by 2017:Int'l Energy Agency

The International Energy Agency says, by 2017 the United States is likely to overtake Saudi Arabia as the world's biggest oil producer. The Paris-based energy agency said in its annual forecast that the U.S. is drilling more crude oil through increased use of hydraulic fracturing of undergr...

November 13, 2012 10:46 AM

Looming US fiscal cliff lowers Asia crude prices

Crude prices fell in Asia today as traders fretted over the looming US fiscal cliff. New York's main contract, light sweet crude for delivery in December, shed 29 cents to 85.28 dollars a barrel and Brent North Sea crude for December delivery fell 37 cents to 108.70 dollars.

November 13, 2012 10:43 AM

China extends zero tariff facility for thousands of Nepali products

Nepal and China have signed an agreement extending zero tariff facility to 7,787 nepali products to the Chinese market. The Memorandum of understanding was signed by the Secretary of Ministry of Commerce and Supplies , Lal Mani Joshi and Chinese Ambassador to Nepal Yang Houlan in Kathmandu yesterday...

November 13, 2012 10:37 AM

Looming US fiscal 'cliff'' lowers Asia crude prices

Crude prices fell in Asia today as traders fretted over the looming US fiscal cliff. New York's main contract, light sweet crude for delivery in December, shed 29 cents to 85.28 dollars a barrel and Brent North Sea crude for December delivery fell 37 cents to 108.70 dollars.

November 13, 2012 10:08 AM

Indian industry disappointed over poor IIP show

Indian Industry expressing disappointment over the poor show by industrial production in September, pressed for a rate cut by the RBI to boost production and further revive the economic growth.Industry chamber CII said the Reserve Bank should intervene and cut interest rates. The RBI needs to reduce...

November 13, 2012 10:08 AM

Indian industry disappointed over poor IIP show.

Indian Industry expressing disappointment over the poor show by industrial production in September, pressed for a rate cut by the RBI to boost production and further revive the economic growth.Industry chamber CII said the Reserve Bank should intervene and cut interest rates. The RBI needs to reduce...

November 13, 2012 10:04 AM

Indian industry disappointed over poor IIP shows

Indian Industry expressing disappointment over the poor show by industrial production in September, pressed for a rate cut by the RBI to boost production and further revive the economic growth.Industry chamber CII said the Reserve Bank should intervene and cut interest rates. The RBI needs to reduce...

November 13, 2012 10:03 AM

Gold sizzles amid firm global trend

Gold gained 360 rupees to 32,485 rupees per 10 grams in the delhi bullion market on Monday, while silver rose by Rs 600 to Rs 62,100 per kg on sustained buying for the auspicious occasion of Diwali amid a firm global trend. Gold has gained Rs 1,175 in last six trading days.

November 13, 2012 9:53 AM

Eurozone Fin Mins delay release of Greece's latest bailout funds

Eurozone ministers have agreed to give Greece two more years, until 2016, to meet its deficit-reduction targets. However the finance ministers delayed a decision on releasing the latest 25.2 billion dollars of bailout funds. Differences also emerged among Greece's lenders on how to make its...

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