| Stimulus may go only in next fiscal: Montek | 13-NOV-09 |
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| The Planning Commission has said the right time to withdraw the stimulus packages given to the industry to combat the impact of global slowdown will be during the next financial year. |
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| Executives in emerging mkts most bullish about recovery | 12-NOV-09 |
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| Executives in emerging markets, including India are most optimistic about recovery in the economic conditions, and almost half of the respondents expect the growth rate to return to pre-crisis level by 2011, a survey says. |
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| Advanta Corp files for bankruptcy protection | 09-NOV-09 |
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| Advanta Corp, which issues credit cards to small businesses, has filed for bankruptcy protection in a US court after the global economic crisis adversely impacted the company's small business customers. |
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| NY eclipses London as financial centre | 31-OCT-09 |
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| New York has withstood the worst economic crisis in seven decades and remains the leading global financial centre, followed by Singapore, which topped London as investors’ preferred place for doing business, according to Bloomberg Global Poll. |
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| Food, economic crises cause spike in world hunger: UN | 14-OCT-09 |
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| The food crisis in poor countries coupled with the global economic crisis have caused a spike in world hunger, with more than one billion people undernourished this year, the UN food agencies said today. |
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| Australian treasurer warns, unemployment to rise | 12-OCT-09 |
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| Australia's economy will likely perform under capacity and unemployment will rise, despite the country's resilience in the face of the global downturn, Treasurer Wayne Swan said today. |
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| Not Bretton Woods II | 09-OCT-09 |
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| Compared with the media focus on the G-20 summit that took place a couple of weeks ago, the semi-annual meetings of the International Monetary Fund (IMF) and the World Bank (WB), which were held in Istanbul this week, seem to have attracted little attention. This may be surprising, given that the multilateral institutional framework, of which these two organisations are such a significant part, has been seen by the G-20 as being an integral part of the solution to the global economic crisis and the means by which future crises can be prevented. The speeches of both Robert Zoellick, president of the Bank, and Dominique Strauss-Kahn, managing director of the Fund, certainly emphasised the re-orientation of the role that both institutions would play in the future and the organisational changes that were needed. |
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| Yale CEO Leadership summit in Delhi next month | 08-OCT-09 |
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| The Internationally-renowned Yale CEO Leadership Summit will hold its first global programme in New Delhi next month, which would be attended by top corporate leaders, government officials and academia from across the US, Europe, and India. |
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| Euro zone economy shrinks by 0.2% | 07-OCT-09 |
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| Indicating that the region is yet to shrug off recession blues, economic activity in the 16-nation euro zone shrank 0.2 per cent in the second quarter of 2009, higher than projected earlier. |
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