World Fwire News - Page 4

China loses steam, manufacturing slumps to 32-month low

Chinese factories battled with their weakest activity in 32 months in November, a preliminary purchasing managers' survey showed.

Pakistan allows more imports from India

Pakistan removed restrictions on the import of 12 goods from India as part of measures to normalise trade between the nuclear-armed rivals, Pakistani officials said on Saturday.

Bank error in your favour: Germany 55bln euros richer than it thought

An accountancy error has revealed that Germany is 55 billion Euros richer than it had originally thought

Now, a Delhi-Kathmandu return flight for Rs 5,000

Indigo will offer daily flight services between the two cities at a return fare of Rs 4,999 or (NPR Rs 8,063) (all inclusive).

Euro lags, global stocks advance to best week in 2 years

Global stocks advanced today, bolstered by EU leaders' efforts to contain the euro zone debt crisis.

Deustche Bank Q3 results beat analyst expectations

Deutsche Bank's third-quarter pretax profit beat analyst expectations as retail banking and asset management helped offset investment banking profits stunted as the euro zone crisis hurt client activity.

German parliament to vote on euro plans tomorrow

German Chancellor Angela Merkel faces a crucial parliamentary vote tomorrow on Europe's new strategy to resolve the euro zone debt crisis, which was negotiated with her EU partners at the summit in Brussels.

Japan wants to provide support to firms hit by Thai floods

Japan's central bank said it is considering setting up a baht-lending line for Japanese companies operating in flood-hit Thailand, as Tokyo signals growing concern over the disaster's impact on the world's No. 3 economy.

US homeowners get a lifeline, economists say it's not enough

US homeowners who owe more than their properties are worth got new help on Monday with the government's expansion of a refinancing program in a step that could help up to 1 million borrowers.

ABN Amro to target eurozone assets

ABN Amro, has promised to be a buyer of euro zone financial assets that capital-stretched banks are preparing to sell.

EU debt crisis, US slowdown impacting India: Pranab

The finance minister said the government doesn't have an elbow room for economic stimulus as it committed towards fiscal consolidation.

Franco-German split over bailout fund threatens crisis plan

France and Germany disagree over the best way to bolster the facility, with Paris fearing its triple-A credit rating could come under threat if the wrong method is chosen.

First tranche of new Greek bailout to be paid by 20 March

The first tranche of the new, 130 billion euro bailout for Greece from the euro zone and the International Monetary Fund must be paid out by March 20 at the latest, the chairman of euro zone finance ministers Jean-Claude Juncker said.

Eurozone talks stuck on bailout fund: Sarkozy

Adding to uncertainty, the Financial Times reported that plans to strengthen the banking system would fall short of market expectations.The latest official estimates have put the banks capital shortfall at less than 100 billion euros compared with a recent IMF report putting the funding hole and 200 billion euros.

Moody's downgrades Spain by two notches on funding risks

Worsening growth prospects for the euro zone will also make it more challenging for Spain to reach its ambitious fiscal targets, the ratings agency added. Spain could be downgraded again if the euro zone debt crisis escalates further, Moody's warned.

Groupon planning IPO launch for next week, say sources

The IPO is expected to value the Chicago-based company at over $10 billion, likely in the range of $11 billion to $12 billion

Boeing expects more cancellations for Dreamliners but still upbeat

A day after news of China Eastern's cancellations, a Boeing executive said some orders would fall through as it adjusted delivery dates and that the pace of production of the fuel-efficient aircraft would pick up.

India wants IMF to look for alternatives to augment resources

The International Monetary Fund (IMF) must look for alternatives to augment its resources for combating the sovereign debt problems of the European nations, without derailing the agreed quota reforms, says India's Finance Minister Pranab Mukherjee.

Eurozone, US problems hurting emerging economies: Pranab

Sovereign debt problems in Eurozone and slow recovery in the US are taking toll on the emerging economies, but the Indian economy may still clock over 8 per cent growth, Finance Minister Pranab Mukherjee said today.

US should learn from India, Brazil: Clinton

Clinton's speech, billed as a major address, sought to outline the Obama administration's increasing focus on economic issues as the United States heads into the 2012 election season hobbled by huge budget deficits and stubbornly high unemployment.

Obama, eyeing China, to boost export financing

Obama is set to unveil the trade assistance plan on a visit to Boeing - one of the top American exporters - as China's leader-in-waiting Xi Jinping wraps up a US visit that has stoked trade tensions ahead of November's White House vote.<br /><br /> <br /><br />