Companies raised a record $60 billion on the Toronto Stock Exchange (TSX) last year despite the global downturn.
The third biggest stock exchange in North America, the Toronto Stock Exchange is also the world’s biggest energy market where more than 400 global oil and gas companies are traded.
The stock exchange raised $60.0 billion, surpassing the previous [...]
Berlin, Dec 22 (DPA) German consumers are entering the new year in a sober mood, with a key survey released Tuesday expected to show a fall in confidence among households in Europe’s biggest economy.
Despite a buoyant end to the Christmas shopping season, analysts predict the Nuremberg-based GfK marketing group will say its forward-looking consumer confidence [...]
Melbourne, Nov 30 (IANS) India and China would continue to drive the Australian economy for decades to come, Warren McKibbin, a member of Reserve Bank of Australia, has reiterated while addressing an economics conference in Sydney Monday.
Australia is the only developed economy which has defied the ongoing global downturn, thanks mainly to the two most [...]
Dubai, Nov 27 (IANS) Sheikh Ahmed bin Saeed Al-Maktoum, chairman of the Supreme Fiscal Committee of the Dubai government, has said that the committee’s decision to intervene in Dubai World is well-thought and planned, WAM news agency reported.
Al-Maktoum said: ‘Our intervention in Dubai World was carefully planned and reflects its specific financial position. The government [...]
Paris, Nov 19 (DPA) Although much of the world appears to be emerging from the economic crisis, joblessness is expected to remain high in the US and Europe at least until 2011, the Organisation for Economic Cooperation and Development (OECD) said Thursday.
According to the OECD: ‘The Indian economy has weathered the global downturn relatively well.’
Although [...]
London, November 14 (ANI): The rise of global greenhouse gas emissions has been held back by recession, according to researchers.
Experts at the Economic and Social Research Council’s (ESRC) found that global emissions will be 9 per cent below the expected mark in 2012 due to the credit crunch.
But the report from the centre, hosted by [...]
Tokyo/Washington, Nov 13 (DPA) US President Barack Obama landed Friday afternoon in Tokyo, the first stop on his four-nation Asian tour.
Obama is scheduled to meet Prime Minister Yukio Hatoyama later Friday. Climate change issues, the war in Afghanistan and the global downturn are expected to feature prominently in the talks.
Hatoyama, who heads the Democratic Party [...]
Toronto, Nov 12 (IANS) How has the global downturn affected employees’ psyche?
In an interesting categorisation of employees’ behaviour in these recessionary times, Canada’s world-famous Queen’s School of Business at Kingston near here has clubbed them into seven groups.
According to Douglas Reid, who is an associate professor of global business at Queen’s School of Business, employees [...]
New Delhi, Nov 8 (IANS) India may have faced the global downturn better than most countries but the road ahead to accelerated growth will not be an easy one to endure, Prime Minister Manmohan Singh said Sunday.
‘I am happy to say that India has been able to face the global economic downturn better than most [...]
The outlook for India’s merchandise exports now looks set to improve over the next few months, giving rise to hopes that a positive growth will finally be recorded by January 2010. The exports data for September clearly shows that the rate of decline has dropped considerably, even as global demand has picked up.
One of the [...]
New Delhi, Oct 27 (ANI): Union Finance Minister Pranab Mukherjee said on Tuesday that the country’s economy is responding well.
Addressing the media here, Mukherjee said: “The economy, I would like to say is responding well, the policy statement which we have initiated, the Reserve Bank of [...]
Singapore, Oct 24 (IANS) Goa is a ‘very safe destination’ for tourists, its Tourism Minister Francisco Xavier Pacheco said here in an attempt to counter negative reports in the international media about cases of rape of foreign women tourists and attacks on overseas visitors in the state.
‘I am personally here to give assurances that Goa [...]
London, Oct 23 (IANS) Queen Elizabeth II has briefed herself ‘very well’ about President Pratibha Patil ahead of the latter’s state visit to Britain next week that is expected to add visibility and profile to already warm India-British ties, government and palace officials said Friday.
The Oct 27-29 visit, only the third by an Indian head [...]
London, October 1 (ANI): India’s meteorological department has said that rainfall this year has been 23 percent below average at the end of the monsoon season, making it the worst drought since 1972 in the country.
India is the world’s second biggest producer of rice, wheat and sugar and millions of farmers in rural India [...]
Trivandrum (Kerala) Dec 2 (ANI/Business Wire India): Riding the current wave of reinvigoration sweeping through the market that had been lulled by the global downturn, SunTec Business Solutions, the leading provider of Relationship-based Pricing and Centralized Billing solutions, has announced their [...]
