State Bank of India has cut interest rates on loans to exporters by 0.5 per cent within days of the Reserve Bank of India increasing the export refinancing limit of banks. “SBI has cut interest rates for exporters by 50 basis points effective last

The global Islamic finance and banking sector is poised for a year-on-year growth rate of 25 per cent, which would see the industry valued at $5 trillion in 2016, said experts ahead of a major financial summit in Abu Dhabi. The event, International

The German economy is expected to grow 0.7 percent in 2012, slightly faster than forecast in December, according to a twice-yearly report published by Ifo institute on Thursday. In December, the institute projected a 0.4 percent expansion for the

The Nifty is moving in a narrow range with a positive bias, in line with Asian peers, ahead of the June F&O series expiry. According to dealers, the Street expects some reforms after Prime Minister Manmohan Singh set himself the task of reviving business

Spain's annual inflation slowed slightly in June, flash estimate released by the statistical office INE revealed Thursday. EU harmonized inflation unexpectedly fell to 1.8 percent in June from 1.9 percent a month ago. The rate was expected to remain at

China’s benchmark stock index slid for a seventh day, the longest stretch of losses in 13 months, as concern the nation’s economic slowdown is curbing earnings growth overshadowed an improving outlook for exports to the U.S. Dongfang Electric Corp.

Key share indices remain choppy with a positive bias ahead of the expiry of June futures and options series. At 10:45, the 30-share Sensex was at 17,009 up 41 points and the 50-share Nifty was at 5,155 up 13 points. On the global front, Asian shares rose

According to data from the country's top economic planner, growth of China crude steel output slowed in the first five months as demand dropped amid a cooling domestic economy. Data with the National Development and Research Commission showed that crude

Indian benchmark indices, the Sensex and the Nifty, opened the session flat on Thursday amid firm weak Asian cues. At 9.15 a.m., the 30-share BSE index Sensex was up 34.76 points or 0.2 per cent at 17,002.52 and the 50-share NSE index Nifty was up 7.35

RBI is expected to sell the 91-day treasury bills at 8.31 per cent, steady from last week's sale according to the median estimate in a Reuters poll of 10 primary dealers and banks. For the 91-day treasury bills, the highest forecast in the poll was 8.35

South Korea's current account surplus rose to a six-month high in May after a decline in dividend payments to foreign investors, data from the central showed Thursday. The current account in May was $3.61 billion, up from a revised $1.73 billion the

Japan’s retail sales rose more than forecast in May, a sign that consumer spending will help sustain a rebound in the world’s third-largest economy. Sales advanced 3.6 percent from a year earlier the Trade Ministry said in Tokyo today. The median

Share prices on Bursa Malaysia opened on a positive note with Felda Global Ventures Holdings Bhd (FGVH), making its maiden debut at RM5.40, for a premium of 84 sen, with 5,000 lots exchanging hands at the opening bell. The world's second largest initial