Economy News from Moneycontrol.com http://www.moneycontrol.com Fri, 04 Jul 2008 04:57:01 GMT Moneycontrol.com http://img1.moneycontrol.com/images/mc_common/mc_logo_n18.gif http://www.moneycontrol.com Feed provided by Moneycontrol. The European Central Bank has hiked key interest rates by 25 bps to 4.25%, reports CNBCTV18.ECB was hiked for the first time since June 6, 2007.http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345406Moneycontrol.com editor@moneycontrol.com Thu, 03 Jul 2008 17:22:16 GMThttp://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345406Montek Singh Ahluwalia has said that steps to tame inflation will take time to show effect. The year 2008 will be the worst year for global economy. http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345401Moneycontrol.com editor@moneycontrol.com Thu, 03 Jul 2008 16:35:33 GMThttp://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345401Petroleum Secretary MS Srinivasan said demand for crude would increase by 57% in 200809, reports CNBCTV18. \"India FY09 crude import bill seen at USD 110120 billion, as against USD 68 billion last year.\" According to Srinivasan, the country\'s fuel demand depends on pricing policy.http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345347Moneycontrol.com editor@moneycontrol.com Thu, 03 Jul 2008 14:07:19 GMThttp://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345347Sundeep Bhandari, Regional HeadGlobal Market South Asia at Standard Chartered Bank sees the 10year going over 9% soon. He expects rate hikes post the credit policy announcement in July if inflation and oil continue to be the concerns. He sees rupee at 43.8 to a dollar moving into the 44 level in the shortterm.http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345333Moneycontrol.com editor@moneycontrol.com Thu, 03 Jul 2008 13:13:56 GMThttp://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345333Crude prices hit a fresh record above USD 144 per barrel as a drop in US crude inventories stoked supply concerns. Crude is now trading at USD 146 per barrel.http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345240Moneycontrol.com editor@moneycontrol.com Thu, 03 Jul 2008 08:53:12 GMThttp://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345240YV Reddy, Governor, Reserve Bank of India, or RBI, said the recent Monetary moves are based on underlying demand conditions, reports CNBCTV18. \"The 250 bps reverse repo, repo gap reflect greater uncertainties. The central bank has used regulatory policies to supplement Monetary measures.\" http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345210Moneycontrol.com editor@moneycontrol.com Wed, 02 Jul 2008 19:10:29 GMThttp://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345210Crude prices rose to USD 142 per barrel levels after the international energy agency said supplies may not keep up with demand through 2013. Speculation that Israel could take military action against Iran also supported prices. In after hours access trading, crude is at USD 142.05 per barrel. http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345025Moneycontrol.com editor@moneycontrol.com Wed, 02 Jul 2008 08:43:56 GMThttp://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345025Chakib Khelil, President, Organization of Petroleum Exporting Countries, or OPEC, said dollar devaluation, market speculators have contributed 60% of oil price hike. \"Geopolitical reasons are to blame for another 20% of oil price hike.\" http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345008Moneycontrol.com editor@moneycontrol.com Tue, 01 Jul 2008 20:41:14 GMThttp://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=345008Crude prices slipped a bit to USD 140 levels after hitting a fresh intraday high above USD 143 a barrel as weak US demand countered mounting tensions between Iran and Israel. Prices have jumped nearly seven fold since 2002 as part of a broader commodities rally sparked by surging demand from emerging economies like China and India.http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=344855Moneycontrol.com editor@moneycontrol.com Tue, 01 Jul 2008 08:45:21 GMThttp://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=344855RVS Sridhar, Senior Vice President Treasury, Axis Bank, said it would convey too much of negativity to the market if the dollarrupee were to fly off the Rs 43 dollar level. He added that bond auctions could come in later. http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=344810Moneycontrol.com editor@moneycontrol.com Mon, 30 Jun 2008 18:42:51 GMThttp://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=344810Prices hit yet another record high, above USD 143 per barrel. But it gave up some of these gains on profitbooking. The surge came as traders bought the commodity to hedge against a weak dollar. There were also fresh concerns over supplies from Nigeria, after the country\'s Oil Minister confirmed an attack on its key bonny light crude oilfield.http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=344651Moneycontrol.com editor@moneycontrol.com Mon, 30 Jun 2008 08:52:45 GMThttp://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=344651The finance ministry is not overly worried that measures taken by the Reserve Bank to compress demand will severely erode growth. The fiscal deficit going out of whack is also not an anxiety. http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=344615Moneycontrol.com editor@moneycontrol.com Sat, 28 Jun 2008 13:40:54 GMThttp://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=344615Hans Redeker, Global Currency Strategist, BNP Paribas, is positive on the rupee. \"The rupee should go down back again to Rs 39 per dollar. The outlook for the Indian currency is pretty much dependent on the global credit outlook. Most capital inflows into India have been coming via capital markets.\" http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=344548Moneycontrol.com editor@moneycontrol.com Fri, 27 Jun 2008 16:28:04 GMThttp://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=344548Inflation for the week ended June 14 is at 11.42% versus 11.05%. A CNBCTV18 poll saw inflation for the week ended June 14 at 11.15%.http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=344407Moneycontrol.com editor@moneycontrol.com Fri, 27 Jun 2008 11:45:35 GMThttp://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=344407Ajay Shah of the National Institute of Public Finance and Policy, said the Reserve Bank of India\'s move is in the right direction and that policy rate has to be higher. Shah said, \"We are in for a rough ride on inflation, and there will be further rate hikes.\" http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=344471Moneycontrol.com editor@moneycontrol.com Fri, 27 Jun 2008 11:13:50 GMThttp://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=344471