Posts Tagged ‘year’

Siemens raises full year profit forecast

German industrial giant Siemens on Wednesday raised its profit forecast for fiscal 2011 to at least 7.5 bln euros (about 11.1 bln USD) due to the strong growth in the 2nd fiscal quarter. View full post on All Stories

India raises interest rates for ninth time in a year

India’s central bank has raised its key interest rate from 6.75pc to 7.25pc, warning that persistent inflation has become a threat to growth in Asia’s third-largest economy. View full post on All Stories

China’s thirst for fine Bordeaux

Bordeaux prices are soaring as buyers in Hong Kong develop a taste for the famed French wine It is one of the most hotly debated topics in the world of wine: is the Bordeaux bubble about to burst? The price of one of France’s most celebrated wines has soared over the last 12 months as [...]

Financial strength of UK firms is ‘improving’

BRITISH businesses finished the last fiscal year in better financial health than they started it, according to a survey. The study also reveals that the number and percentage of businesses in Wales … View full post on All Stories

German Unemployment Is Near a 20-Year Low

Germany’s strong recovery underpinned a rise earlier this month of European interest rates, but the country’s economic strength was in sharp contrast with many other euro zone countries. View full post on All Stories

Japan Seen Holding Fire, Cutting Forecast on Quake

The Bank of Japan is expected to keep monetary policy steady on Thursday but to sharply cut its economic forecast for the current fiscal year and signal its readiness to ease further if damage from … View full post on All Stories

NC Democrats Seek To Pressure GOP On Unemployment

Democrats at the North Carolina Legislature are trying to pressure Republican leaders to end a stalemate that has prevented the extension of unemployment benefits to 37,000 people out of work for well over a year. View full post on All Stories

Port of Charleston shipping up in past three quarters

Breakbulk shipping tonnage is up 48 percent and container shipping through the Port of Charleston increased nearly 12 percent in volume during the first three quarters of the fiscal year. View full post on All Stories

Oil still divides on BP spill anniversary

A year after one of the largest oil spills in history threatened the coastal ecosystem and economy of U.S. states along the Gulf of Mexico, drilling there has resumed. View full post on All Stories

Economy likely to grow at around 9 % in FY12: Chief economic adviser

India’s economy is likely to grow between 8.75 percent and 9.25 percent in the current fiscal year to end-March 2012, said Kaushik Basu. View full post on All Stories

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