Emerging Markets News

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Sat, 4 Jul 2009 12:42:00 GMT

World Bank directs $6.6 bn to South Asia; $400 mn to India

Washington, July 3 (IANS) The World Bank Group committed US$6.6 billion in fiscal year ended June 30 to South Asia, where India is the largest borrower, much of it focused on helping the countries there cope with the impact of the global economic crisis.
Sat, 4 Jul 2009 12:42:00 GMT

Pakistan's economy looking for lubricants

: Pakistan's economy is in desperate search for a lubricant, as the latest data reveals that credit to private sector nearly zeroed in the first eleven months of fiscal year 2008-09 (it is actually in negative territory as per weekly data released by
Sat, 4 Jul 2009 12:19:00 GMT

'Job creation through microfinance important pillar of Pakistan's economy'

: Personnel from US State Department, USAID, and US Congressman Jim Grayson have stated that the people in US are extremely concerned about the welfare of the people of Pakistan and believed that job creation through microfinance is a very important
Sat, 4 Jul 2009 12:18:00 GMT

Turkey: IMF Talks Provide Way to Gauge Ankara's Fiscal Discipline

Turkey and the International Monetary Fund will be making a final push in the coming weeks to see whether they can conclude a loan agreement, according to Prime Minister Recep Tayyip Erdogan. Turkish analysts say the Turkish-IMF wrangling is masking a
Sat, 4 Jul 2009 12:06:00 GMT

Weekly Review: Sensex up 1%, awaits Union Budget

Mumbai: The Sensex, this week, opened with a marginal positive gap at 14,816 and touched the week's high at 14,956. Throughout the week, the index was volatile as investors awaited the Union Budget due next week. On the first day of the month, the index
Sat, 4 Jul 2009 11:19:00 GMT

Sri Lanka's need for IMF wanes

COLOMBO - SRI Lanka's central bank chief said on Saturday that the island could live without a major IMF bailout that had been delayed by the final stages of the government's fight with Tamil Tiger rebels. The government had requested the US$1.9 billion
Sat, 4 Jul 2009 10:55:00 GMT

Sri Lanka's need for IMF wanes: Central Bank

Sri Lanka's central bank chief said that the island could live without a major IMF bailout that had been delayed by the final stages of the government's fight with Tamil Tiger rebels. The government had requested the 1.9-billion-dollar loan in March to
Sat, 4 Jul 2009 09:37:00 GMT

Sri Lanka''s need for IMF wanes: Central Bank

COLOMBO: Sri Lanka's central bank chief said Saturday that the island could live without a major IMF bailout that had been delayed by the final stages of the government's fight with Tamil Tiger rebels. The government had requested the 1.9-billion-dollar
Sat, 4 Jul 2009 09:24:00 GMT

Sri Lanka's need for IMF wanes: Central Bank

COLOMBO: Sri Lanka's central bank chief said Saturday that the island could live without a major IMF bailout that had been delayed by the final stages of the government's fight with Tamil Tiger rebels. The government had requested the 1.9-billion-dollar
Sat, 4 Jul 2009 09:19:00 GMT

Turkey June Consumer Price Inflation Up, Producer Prices Drop

(RTTNews) - Friday, Turkey's statistical office TurkStat announced that the consumer price index or CPI rose 5.73% year-over-year in June, faster than the 5.24% increase in the previous month. Economists were looking for an increase of 5.70%. On a
Sat, 4 Jul 2009 09:18:00 GMT

IMF: Nascent Economic Recovery Underway In Zimbabwe

(RTTNews) - The International Monetary Fund on Thursday said a nascent economic recovery appears to be underway in Zimbabwe as a result of improvements in macroeconomic policies. 'A more liberal economic environment, price stability, a deepening in
Sat, 4 Jul 2009 09:18:00 GMT

Sri Lanka's need for IMF wanes: Central Bank

Sri Lanka's central bank chief said that the island could live without a major IMF bailout that had been delayed by the final stages of the government's fight with Tamil Tiger rebels. The government had requested the 1.9-billion-dollar loan in March to
Sat, 4 Jul 2009 09:15:00 GMT

Egypt economy: Bond issued for housing

Extract not available.
Sat, 4 Jul 2009 09:11:00 GMT

Egypt economy: Growth holds up

Extract not available.
Sat, 4 Jul 2009 09:10:00 GMT

Sensex, Nifty gain 1% each in bullish mkt

The stock markets remained bullish past week as the key indices Sensex and Nifty gained one per cent each amid high expectations about sops to the industry and economic reforms in the Union Budget to be presented on Monday. During the week, the Economic
Sat, 4 Jul 2009 09:03:00 GMT

Asian Markets End In Negative Territory On Concerns About Global Economy

(RTTNews) - Asian markets ended in negative territory on Friday following losses in Wall Street, where the major indices ended sharply lower after the Labor Department released weaker job report for June, denting recovery hopes. Holiday in the U.S
Sat, 4 Jul 2009 08:59:00 GMT

Sri Lanka's need for IMF wanes: Central Bank

COLOMBO: Sri Lanka's central bank chief said Saturday that the island could live without a major IMF bailout that had been delayed by the final stages of the government's fight with Tamil Tiger rebels. The government had requested the 1.9-billion-dollar
Sat, 4 Jul 2009 08:52:00 GMT

Emerging markets performing maybe a bit too well

You can certainly understand why emerging markets have been attracting so much attention in recent years: Russia, home to bread lines not long ago, is now moving in on Western car manufacturers, reflecting newfound muscle and confidence. Russia is not
Sat, 4 Jul 2009 08:39:00 GMT

India plans massive liberalisation of economy

Extract not available.
Sat, 4 Jul 2009 08:37:00 GMT

Sri Lanka's need for IMF wanes: Central Bank

Sri Lanka's central bank chief said that the island could live without a major IMF bailout that had been delayed by the final stages of the government's fight with Tamil Tiger rebels. The government had requested the 1.9-billion-dollar loan in March to
Sat, 4 Jul 2009 08:35:00 GMT

Emerging markets such as Brazil, Russia, India and China attract investors

If Wall Street's collapse threw a monkey wrench into your retirement plan, then the repair job might call for a BRIC. In this case, BRIC stands for Brazil, Russia, India and China. Those four countries have become the hot topic among equity investors.
Sat, 4 Jul 2009 08:31:00 GMT

Pakistan will negotiate with IMF over power tariff: Tarin

Prime Ministers Advisor on Finance Shaukat Tarin said Pakistan will negotiate with IMF, World Bank and other organizations about increased power tariff. Talking to Geo News, he said the country is facing a shortfall of 3,000 to 4,000 MW. The government
Sat, 4 Jul 2009 08:28:00 GMT

World Bank Praises Brazil and Latin American for Having Prepared for Crisis

The president of the World Bank, Robert B. Zoellick, stated that Latin American largest countries are better prepared now than in the past to face the world crisis, based on strong budgets and primary surpluses and the development of effective social
Sat, 4 Jul 2009 08:24:00 GMT

Brazil Is Not Afraid of Inflation and Plans to Further Cut Interest Rates

The Brazilian government set its inflation target for 2011 at 4.5%, seeing no evidence of significant inflationary pressures going forward. May consumer price inflation or IPCA, was 0.47%, and 5.2% in the last twelve months and is expected to have slowed
Sat, 4 Jul 2009 08:23:00 GMT

Sensex closes 254 points higher (Second Lead)

points above its last closing figure, as banking and capital goods stocks picked up. The benchmark index of the Bombay Stock Exchange (BSE), the Sensex, which opened at 14,552.72 points, closed at 14,913.05 points - 254.56 points or 1.74 percent higher
Sat, 4 Jul 2009 08:18:00 GMT

Sensex moves up 133 points in afternoon trade (Lead)

A key index of the Indian equities markets extended its gains Friday afternoon, and was ruling 133 points up from its last closing figure about an hour before the closing bell. Around 2.20 p.m., the benchmark index of the Bombay Stock Exchange (BSE), the
Sat, 4 Jul 2009 08:17:00 GMT

World Bank directs $6.6 bn to South Asia; $400 mn to India

The World Bank Group committed US$6.6 billion in fiscal year ended June 30 to South Asia, where India is the largest borrower, much of it focused on helping the countries there cope with the impact of the global economic crisis. Key to the Bank's
Sat, 4 Jul 2009 08:16:00 GMT

World Bank support to Pakistan at record high in 2009

Source: The World Bank Group Directs $1.7 billion to overcome poverty, enhance growth Islamabad, July 3, 2009 ? The World Bank committed US$1.7 billion in fiscal year 2009 (FY09) to help Pakistan cope amid the global economic crisis, the institution's
Sat, 4 Jul 2009 07:58:00 GMT

Sri Lanka's need for IMF wanes: Central Bank

COLOMBO (AFP) - Sri Lanka's central bank chief said that the island could live without a major IMF bailout that had been delayed by the final stages of the government's fight with Tamil Tiger rebels. The government had requested the 1.9-billion-dollar
Sat, 4 Jul 2009 07:54:00 GMT

Sri Lanka's need for IMF wanes: Central Bank

COLOMBO (AFP) Sri Lanka's central bank chief said that the island could live without a major IMF bailout that had been delayed by the final stages of the government's fight with Tamil Tiger rebels. The government had requested the 1.9-billion-dollar
Sat, 4 Jul 2009 07:48:00 GMT