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September 27: News pics for the day

  • September 27: News pics for the day

    September 27: News pics for the day

  • <p>Duvvuri Subbarao speaks at the BRICs finance ministers&#39; news conference during the annual International Monetary Fund (IMF)-World Bank meetings in Washington</p><p><b>RBI governor defended an 18-month monetary tightening campaign on Monday, calling the country&#39;s inflation rate of about 9% "inimical to growth".</b></p><p>"If inflation is below 6%, there&#39;s probably an argument that we can tolerate a bit of higher inflation, but when it is around 9%, as it is, we are way past the threshold. There is no question, inflation is inimical to growth," Reserve Bank of India Governor Duvvuri Subbarao said at New York University&#39;s Stern School of Business.</p>

    Duvvuri Subbarao speaks at the BRICs finance ministers' news conference during the annual International Monetary Fund (IMF)-World Bank meetings in Washington

    RBI governor defended an 18-month monetary tightening campaign on Monday, calling the country's inflation rate of about 9% "inimical to growth".

    "If inflation is below 6%, there's probably an argument that we can tolerate a bit of higher inflation, but when it is around 9%, as it is, we are way past the threshold. There is no question, inflation is inimical to growth," Reserve Bank of India Governor Duvvuri Subbarao said at New York University's Stern School of Business.

  • <p>An aircraft is silhouetted against the setting sun as it prepares to land at Haneda airport in Tokyo</p><p><b>The International Air Transport Association (IATA) warned of tough times ahead for the airline industry and the head of Thai Airways said on Tuesday financial market turmoil as the European and US economies slow down was "frightening".</b></p><p>IATA Director General and Chief Executive Tony Tyler also said the European Union&#39;s carbon emission trading system would add to the financial pressures on airlines despite an offer of free permits, which he criticised as "linguistic gymnastics".</p><p>IATA has already warned that a weak global economy would prompt a 29% fall in airline profits in 2012 and cut the industry&#39;s profit margins to a wafer thin 0.8% from 1.2% this year.</p>

    An aircraft is silhouetted against the setting sun as it prepares to land at Haneda airport in Tokyo

    The International Air Transport Association (IATA) warned of tough times ahead for the airline industry and the head of Thai Airways said on Tuesday financial market turmoil as the European and US economies slow down was "frightening".

    IATA Director General and Chief Executive Tony Tyler also said the European Union's carbon emission trading system would add to the financial pressures on airlines despite an offer of free permits, which he criticised as "linguistic gymnastics".

    IATA has already warned that a weak global economy would prompt a 29% fall in airline profits in 2012 and cut the industry's profit margins to a wafer thin 0.8% from 1.2% this year.

  • <p>A salesman displays a tray of gold bangles for the camera at a jewellery shop in Singapore</p><p><b>Spot gold rallied 1% on Tuesday, snapping four consecutive sessions of losses as a weaker dollar helped battered commodities stage a comeback</b></p><p>Gold prices rose more than 3% on Tuesday as a drop in the dollar index helped the precious metal snap a four-day run of losses and after an early rout in the previous session tempted price-sensitive physical buyers back to the market.</p><p>Prices dropped more than $120 an ounce in Asian trading hours on Monday, an unprecedented intraday fall in value terms, as a rush for the liquidity of the dollar, losses in other markets and a margin hike on CME gold futures prompted selling.</p>

    A salesman displays a tray of gold bangles for the camera at a jewellery shop in Singapore

    Spot gold rallied 1% on Tuesday, snapping four consecutive sessions of losses as a weaker dollar helped battered commodities stage a comeback

    Gold prices rose more than 3% on Tuesday as a drop in the dollar index helped the precious metal snap a four-day run of losses and after an early rout in the previous session tempted price-sensitive physical buyers back to the market.

    Prices dropped more than $120 an ounce in Asian trading hours on Monday, an unprecedented intraday fall in value terms, as a rush for the liquidity of the dollar, losses in other markets and a margin hike on CME gold futures prompted selling.

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