BIZ BRIEFS Indian town by China RANCHI: Jharkhand state of India is looking to China to help it design and build cost-effective and modern townships in the state. The state government has already signed a MoU with the Shanghai Urban Construction Group last month... 07 Nov, 2005
Growth in exports drops to 15.6 per cent Kathmandu, November 5 :Despite the efforts by both the private and public sector to boost Nepal’s exports, grwoth in exports continues to decline. The downward trend in export started from the last fiscal year. A massive decline in exports in the... 05 Nov, 2005
US raises Fed interest rates for 12th time London, November 2:Rising inflation prompted the 12th successive increase in US interest rates, with a warning from the Federal Reserve that further rises in borrowing costs for the world’s biggest economy are in the pipeline.A week after Ben... 02 Nov, 2005
US Fed likely to keep raising interest rates Washington, November 1:A pending change at the top of the Federal Reserve is not likely to alter the game plan for combatting inflation - steadily increasing interest rates. Federal Reserve Chairman Alan Greenspan will be presiding at one of his last... 01 Nov, 2005
Irregularities alleged in NRB examination Kathmandu, November 1:200 examinees who had sat for an examination for the post of Assistant Directors of Nepal Rastra Bank (NRB) complained that irregularities had occured during the examination that has troubled all ‘aspiring and talented’ people... 01 Nov, 2005
China to allow large use of currency in HK Shanghai, November 1:China’s central bank will allow expanded yuan-denominated business in Hong Kong in a move expected to promote economic integration of the former British colony with the Chinese mainland.The People’s Bank of China said Tuesday... 01 Nov, 2005
Greenspan’s reign comes to a quiet close London, October 31:There has been a strange sense of anti-climax to the changing of the guard at the US Federal Reserve, announced out of the blue last week. There was none of the worldwide outpouring of grief, for example, that accompanied the death... 31 Oct, 2005
Government expenses, trade deficit increase Kathmandu, October 30:Government expenses during the first month of the current fiscal year has increased by 15 per cent amounting to Rs 3.5 billion.According to Nepal Rastra Bank (NRB), the total outstanding domestic debt has declined to Rs 86.6... 30 Oct, 2005
Inflation to push up Indian rates New Delhi, October 24:Strong demand for credit and rising inflation are likely to push up Indian interest rates, an increase that would hurt millions of middle class consumers currently in a buying frenzy beca-use of the low cost of credit, officials... 24 Oct, 2005
China to let more foreign funds in FIs Beijing, October 21:China will allow more participation of social and foreign funds in shareholding of Chinese financial institutions (FIs), relaxing the current share proportion limit for them.Jiao Jinpu, an official of People’s Bank of China, the... 21 Oct, 2005
China fears economic shocks from open capital markets Beijing, October 19:China is worried about the negative effects a more thorough opening of its capital markets would have on its fast growing economy, chief central banker Zhou Xiaochuan said in comments seen on Wednesday. With worries that accelerated... 19 Oct, 2005
Countries call for stable oil prices Xianghe, October 16: The Group of 20 most industrialised and largest developing countries called for stable oil prices and a stable supply of energy at the close of their two-day meeting here. “We are concerned that long-lasting high and volatile oil... 16 Oct, 2005
