Moneycontrol News Archive

Spain reiterates 2010 jobless forecasts

2nd May, 2010 19:04

Spain's government still expects unemployment of 19% in 2010 despite it rising to 20.05% in the first quarter, the secretary of state for economy said in an interv

US oil spillage could cost BP over $4.6 bn

2nd May, 2010 19:04

The huge oil spillage in the Gulf of Mexico could cost British energy giant BP over 3 billion pounds (USD 4.6 billion) in containment and clean-up expenses, accord

China's central bank raises required reserves again

2nd May, 2010 18:11

China's central bank on Sunday said it was raising Chinese lenders' reserve requirement ratio by 50 basis points, effective May 10, its third increase this year.

Euro zone summit likely on Greek aid: EU sources

2nd May, 2010 18:11

Euro zone heads of government and state are likely to meet next Friday or Saturday to approve an aid package for Greece, European diplomats said on Sunday.

Highlights of Greek's aid deal with EU/IMF

2nd May, 2010 18:11

The choice was between rescue or collapse, Greek Finance Minister George Papaconstantinou said on Sunday after the debt-choked country clinched a multi-billion eur

Russia April oil output near record levels, gas falls

2nd May, 2010 18:11

Russian oil output edged down in April but remained close to record levels and well above 10 million barrels per day for the eight consecutive month, allowing Mosc

New Australian tax to hit mining stocks hard: UBS

2nd May, 2010 15:02

Australian mining stocks face a sell-off on Monday as investors digest news that the government plans to slap a 40% tax on their profits, investment bank UBS said

India Ambuja Cements shipments jump 16% in April

2nd May, 2010 14:35

Ambuja Cements Ltd, India's No. 3 cement maker, reported April shipments rose 15.6% from a year ago to 1.90 million tonnes

Indefinite strike by Maoists cripples Nepal

2nd May, 2010 13:33

Thousands of Maoist activists roamed Kathmandu's streets on Sunday, enforcing an indefinite general strike in support of their demand for a new Nepalese government

Greece seals austerity deal with EU, IMF

2nd May, 2010 12:52

The Greek government has agreed a package of austerity measures with the European Union (EU) and International Monetary Fund (IMF) that will free up billions of e

Warren Buffett to visit India, won't rule out investment

2nd May, 2010 11:02

Warren Buffett said on Saturday he plans to visit India next March, and would not rule out the country for possible future investments

Australia unveils mining tax

2nd May, 2010 10:35

Australia will impose a new 40% tax on mining projects from July 2012 and boost pension savings for workers under a sweeping pre-election overhaul of its tax syste

'Inevitable' oil slick will hit US; Obama to visit

2nd May, 2010 10:28

US officials on Saturday conceded it is "inevitable" that oil from an uncontrolled leak in the Gulf of Mexico will hit the US coast, threatening an environmental a

Greece poised to sign rescue deal with EU and IMF

2nd May, 2010 10:09

Greece appeared set to announce a deal with the European Union (EU) and the International Monetary Fund (IMF) for a multi-billion euro financial bailout on Sunday,

Oil spill trims US offshore natural gas supply

2nd May, 2010 09:59

The US government on Saturday said two offshore production platforms in the Gulf of Mexico were shut as a safety precaution -- the first sign that the giant oil sl