The Reserve Bank of India (RBI) cut its key short-term rates by 25 basis points each on Tuesday to infuse more liquidity into the system and stimulate lending growth.
The repo rate, at which the Reserve Bank of India infuses cash …
South Korea's trade surplus topped 2.38 billion U.S. dollars in the first 20 days of April with fall in imports exceeding export drops, the nation's customs officials said Tuesday.
Exports stepped down 16.5 percent on-year to 19.92…
Thailand's Board of Investment (BOI) had revised down its targeted value of investments expected to apply for investment promotion privileges and planned to conduct a road show abroad to attract foreign investors to Thailand.
The B…
Japan will issue 10.82 trillion yen (100 billion dollars) in additional government bonds this fiscal year to finance a supplementary budget designed to carry out its record stimulus package, Finance Minister Kaoru Yosano said on Tuesday.
…
About 236.82 trillion Vietnamese dong (13.38 billion U.S. dollars) has been injected into the Vietnamese economy at the government subsidized loan program of 4 percent, according to a report of the State Bank of Vietnam (SBV) on Tuesday.
…
Reserve Bank of Australia (RBA) governor Glenn Stevens said on Tuesday the Australian economy is already in recession.
"Whether or not the next gross domestic product (GDP) statistic, due in early June, shows another decline, I thi…
Despite signs of a recovery in the country's economy, Brazil cannot fall in the trap of excessive optimism, Brazilian Central Bank President Henrique Meirelles said.
"There is a wave of optimism in the market, but the exaggerated …
The Portuguese government will make the decision on whether to set up embassies in Southeast Asia and the Gulf region by the end of 2009, Portuguese Foreign Minister Luis Amado announced on Monday.
Upon finishing his tour to Russia…
The latest earnings reports of several large U.S. banking groups lend evidence to a recovery in the global financial industry, said a senior official of U.S. banking giant JP Morgan Chase & Co.
Fang Fang, JPMorgan's China managing …
The Brazilian government said on Monday that the National Monetary Committee had approved a credit line of 4 billion reais (1.78 billion U.S. dollars) for the country's 26 states and the Federal District.
According to the governmen…
Microsoft is planning to invest around 300 million U.S. dollars in several Russian projects over the next three years, said the company's CEO Steve Ballmer here on Monday.
The investment initiatives range from raising computer lite…
General Motors Corp. (GM) announced Monday that it would cut 1,600 white-collar workers this week as a step to cut costs that could help the automaker qualify for more government aid.
GM North American President Troy Clarke announ…
Cambodia expects to regain its status of major rice exporter in the region beside the Mekong River in 2010, on basis of more and more surplus production, national media said on Tuesday.
The kingdom has managed to sell rice to Germa…
Brazil's gross domestic product (GDP) will contract 0.49 percent in 2009, said a market survey released by the country's Central Bank on Monday.
This is the seventh consecutive fall in the projections for this year's GDP growth. In…
A total of 349,837 foreign tourists visited Bangladesh in 2008, about 21 percent higher than that in 2007, local daily The Independent reported on Tuesday.
Nearly 290,000 foreign tourists arrived in the country in 2007, the report …
The number of jobless people in Russia rose by 1.8 million in the first quarter of this year to 7. 107 million amid the ongoing financial crisis, Russia's Federal State Statistics Service (Rosstat) said on Monday.
"The total numbe…
The Minister of Transport, Mr Mike Hammah, on Tuesday appealed to the management of PSC Tema Shipyard Limited to streamline its operations to effectively support the maritime sector.
Mr Hammah said more investments must be put into the …
The Minister for Transport, Mr Mike Hammah has urged the Ghana Ports and Harbour Authority (GPHA) and other stakeholders in the maritime sector to be proactive towards the achievement of the gateway project.
Mr Hammah said the succes…
The Kumasi centre of Alliance Francaise, in collaboration with the French Embassy and CIRAD, an international agronomic institute, has held an exhibition on coconut and the oil palm tree in Kumasi.
The exhibition was to sensitis…
The Kwahu South District Assembly on Tuesday confirmed Mr Joseph Omare as the District Chief Executive (DCE) for the area.
At an emergency meeting held at Mpraeso, all the 25 assembly members present voted for him.
Mr Sa…
Electoral Commission members and senior officials from election management bodies in West and Central Africa on Monday engaged in a specialised training programme designed to improve the skills, knowledge and confidence of election adminis…
El Salvador's President-elect Mauricio Funes said on Monday that he had called for an extension for a special migratory status for Salvadorians in the United States, and more investment in regional banks to help Central America bounce back…
Two nominees for the post of District Chief Executive in the Eastern Region were on Monday confirmed by their district assemblies by 100 percent votes.
Mr Tom Budu, the government nominee for the Akyemmansa District Assembly, was the…
The Ugandan government has set up a new anti corruption watch body that will involve citizens in demanding accountability from their leaders and government institutions.
Ethics and Integrity Minister Dr. Nsaba Buturo was quoted by…
Scheduled talks between Israeli Defense Minister Ehud Barak and visiting Egyptian intelligence Chief Omar Suleiman on Wednesday will focus on instituting another ceasefire between Israel and Hamas, local daily The Jerusalem Post reported …
The South Korean government said Tuesday that Seoul's plan to join a U.S.-led security campaign should not affect inter-Korean relations as the first official inter-Korea talks are to be held.
Tensions grew intense as it was specul…
Mexico still needs to be careful in handling its relations with the new U.S. administration, though the two countries have seen warming ties recently, said a foreign ministry official on Monday.
"I believe we need to be careful wit…
The Royal Thai Police had asked for cooperation from the International Criminal Police Organization (Interpol) to arrest fugitive ex-premier Thaksin Shinawatra, who is believed to have remained in his hideaway inside the United Arab Emirat…
Romania has appointed Gheorghe Vilcu as the country's ambassador to the Association of Southeast Asian Nations (ASEAN), a statement from the ASEAN Secretariat said here Tuesday.
The new ambassador becomes the ninth ambassador to AS…
Colombian Foreign Minister Jaime Bermudez said on Monday his country and the United States made positive contact and exchanges during the just-concluded fifth Summit of the Americas.
Bermudez noted that Colombian President Alvaro U…
There was a remote possibility for Cuba's return to the Organization of American States (OAS), from which it was expelled in 1962 due to U.S. pressure, Cuban ambassador to Peru Luis Delfin said on Monday.
Cuban former Leader Fidel …
Guatemalan President Alvaro Colom said on Monday that the American countries will change after the Summit of the Americas because they had an important political approaching for the first time.
News reports from Guatemala City quot…
Former New Zealand lawyer Christopher Pryde was reappointed solicitor-general of Fiji on Tuesday by Fiji President Ratu Josefa Iloilo who abrogated the Pacific island country's constitution on April 10.
In a letter, Iloilo stated P…
Brazil's President Luiz Inacio Lula da Silva said on Monday that the United States and Latin American countries began a new chapter in their relationships at the fifth summit of the Americas.
In his weekly radio show "Breakfast wit…
Visiting Chinese State Councilor Liu Yandong has encouraged U.S. companies to carry out broader and greater cooperation with China.
Liu arrived here late Sunday from Seattle on her trip of official visit to the United States.
…
The Committee for Joint Action (CJA) on Tuesday urged government to pursue pragmatic measures in the 2008 Manifesto of the National Democratic Congress (NDC) to ensure economic empowerment for Ghanaians.
It said the seeming lack of c…
The Kwahu South District Assembly on Tuesday confirmed Mr Joseph Omare, the President's nominee for the post of District Chief Executive (DCE) for the area.
At an emergency meeting held at Mpraeso, all the 25 assembly members presen…
The Alliance for Accountable Governance (AFAG),
a pressure group, on Tuesday expressed dissatisfaction about the way and manner in which diplomatic privileges accorded the Africa Legal Aid, an international organisation with headquarters…
Parliament on Tuesday reconvened for a two-day meeting to approve the nominations of 20 deputy ministers and attend to other outstanding matters.
Earlier, the Speaker, Justice Joyce Bamford Addo, officially welcomed two new members t…
Wa West District Assembly on Tuesday approved Mr Seidu Tingbani, a 45-year-old teacher at Wa Senior High School as its District Chief Executive.
He polled 20 votes in his favour with seven against, representing 74 per cent of the 27-…
Some members of the National Democratic Congress (NDC) in the Sunyani East constituency have demonstrated against President John Atta Mill's nomination of Mr. Akwasi Oppong Ababio as the Municipal Chief Executive for Sunyani.
They cl…
The Kwahu East District Assembly on Tuesday rejected the President's nominee, Mr Samuel Asamoah, for the position of District Chief Executive at an emergency meeting held at Abetifi.
He polled 14 out of the 26 total votes cast, represen…
The New Juaben Municipal Assembly on Wednesday, failed to elect a new Presiding Member (PM), after two rounds of voting ahead of the confirmation of the President's nominee for the Municipal Chief Executive (MCE) post.
Mr George Boak…
South Africans started to go to voting stations on Wednesday to elect a new National Assembly and nine Provincial Legislatures. The National Assembly will then pick a new president, widely expected to be African National Congress (ANC) lea…
Voting in South Africa's fourth national poll was going smoothly but the weather was causing some concern in places, Independent Electoral Commission ( IEC) chairwoman Brigalia Bam said on Wednesday.
"Most areas were on time," said…
Former South African president Thabo Mbeki and his wife, Zanele, caused a stir when they voted in Parktown, Johannesburg, on Wednesday morning.
Dressed in snappy business suits, the two were swamped by journalists as they stepp…
The Greek Employment Ministry will very soon table measures to curb unemployment, giving the opportunity to the unemployed, who wish to work at the municipalities and the public sector, to find a job.
The program is directed to 60,…
Around 1.4 million people are suffering from various types of cancer in Bangladesh, the state- owned news agency BSS reported on Monday quoting oncologists.
Oncologists at a discussion here on Monday also said some 200, 000 people …
"No Time to Die" an award winning Ghanaian movie will premiere at the Silver-bird Cinema at the Accra Mall from April 24 to April 30.
The movie, which is an internationally acclaimed feature film, features artists such as David Don…
A labor agreement between Hollywood's largest actors union and major studios is expected to be approved despite the opposition from the union's outspoken leader, industry observers said Monday.
Alan Rosenberg, president of the Scre…
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