Key interest rate reduced to 10 pct

Shares drop as banks sold down

By: patelashishme0932

Australian stocks have extended losses, with banks leading the falls on profit-taking in the wake of National Australia Bank's results. In afternoon trade, the benchmark S&P/ASX200 index was down 51.9 points, or 1.1 per cent, at 4701.6, while the broader All Ordinaries fell 49.9 points, or 1 per cent, to 4705. Among the sectors, ...

about 1 month ago

Banks not using resources efficiently: Subbarao

By: sharma

MUMBAI, Nov 25: Reserve Bank of India (RBI) Governor D Subbarao today said the Indian banks are not using their resoruces in the most efficient manner though overall efficiency and productivity have improved. In his keynote address to the International Finance and Banking Conference organised by the Indian Merchants’ Chamber (IMC) here, Dr ...

3 days ago

No short-term yuan appreciation seen

By: dustgeer

China is not expected to allow the yuan to appreciate against the U.S. dollar in the short term, Chinese experts said.The yuan appreciation in the face of growing Chinese trade surpluses is one of the topics expected to be discussed when U.S. President Barack Obama visits China next week. The United States also wants China to encourage domestic ...

16 days ago

ADB Joins Global Effort to Reduce Mounting Death Toll on Roads

By: chnarendra

A majority of the world's fatal traffic accidents occur in the Asia-Pacific region and concerted regional and country responses are needed to address the issue, Asian Development Bank (ADB) Vice-President Ursula Schaefer-Preuss said today. Speaking ahead of the first Global Ministerial Conference on Road Safety – taking place 19-20 ...

9 days ago