Matthias's Feed
May 17, 2012

India pitches for Fitch upgrade after S&P blow

NEW DELHI (Reuters) – India’s economic growth story is intact and the current account deficit under control, senior Finance Ministry officials told a team from global ratings agency Fitch on Thursday, weeks after S&P cut its outlook for Asia’s third largest economy.

The visit came as the Indian rupee tumbled to a record low against the dollar, with the crisis in the euro zone adding pressure on a currency already under fire from weak current account and fiscal deficits.

May 13, 2012

Insight: India’s “Queen of Democrazy” at the crossroads of change

KOLKATA, India (Reuters) – Kolkata’s red-brick secretariat was built more than 200 years ago for Britain’s East India Company, which used trade in opium, cloth and tea to colonize the subcontinent. Distrust of foreign merchants lingers still.

For the past year, the sprawling building has been occupied by Mamata Banerjee, the diminutive chief minister of West Bengal state who is perhaps the largest obstacle to economic reforms that would allow 21st-century traders free access to India’s consumer markets.

May 13, 2012

“Queen of Democrazy” at the crossroads of change

KOLKATA, India (Reuters) – Kolkata’s red-brick secretariat was built more than 200 years ago for Britain’s East India Company, which used trade in opium, cloth and tea to colonise the subcontinent. Distrust of foreign merchants lingers still.

For the past year, the sprawling building has been occupied by Mamata Banerjee, the diminutive chief minister of West Bengal who is perhaps the largest obstacle to economic reforms that would allow 21st-century traders free access to India’s consumer markets.

May 13, 2012

India’s “Queen of Democrazy” at the crossroads of change

KOLKATA, India, May 13 (Reuters) – Kolkata’s red-brick
secretariat was built more than 200 years ago for Britain’s East
India Company, which used trade in opium, cloth and tea to
colonise the subcontinent. Distrust of foreign merchants lingers
still.

For the past year, the sprawling building has been occupied
by Mamata Banerjee, the diminutive chief minister of West Bengal
state who is perhaps the largest obstacle to economic reforms
that would allow 21st-century traders free access to India’s
consumer markets.

May 3, 2012

Clinton to meet fiesty Mamata Banerjee on India visit

NEW DELHI (Reuters) – U.S. Secretary of State Hillary Clinton may press the case for India’s stalled policy to open its supermarket sector to foreign chains when she meets its most powerful critic: Mamata Banerjee, the fiery chief minister of West Bengal.

The two women are due to meet during Clinton’s three-day visit to India that starts on Sunday with a stopover in Banerjee’s home state. Indian officials in New Delhi said retail reform – an issue of enormous interest to U.S. and other foreign investors – could be discussed but did not elaborate. U.S. officials declined to comment on the meeting.

May 3, 2012

Clinton to meet feisty state chief on India visit

NEW DELHI, May 3 (Reuters) – U.S. Secretary of State Hillary
Clinton may press the case for India’s stalled policy to open
its supermarket sector to foreign chains when she meets its most
powerful critic: Mamata Banerjee, the fiery chief minister of
West Bengal.

The two women are due to meet during Clinton’s three-day
visit to India that starts on Sunday with a stopover in
Banerjee’s home state. Indian officials in New Delhi said retail
reform – an issue of enormous interest to U.S. and other foreign
investors – could be discussed but did not elaborate. U.S.
officials declined to comment on the meeting.

May 2, 2012

India exports fall in March for first time in 4 months

NEW DELHI, May 1 (Reuters) – India’s annual exports fell in
March for the first time in four months as demand weakened in
the United States and Europe, further clouding the outlook for
the country’s balance of payments.

Exports fell 5.7 percent to $28.7 billion from the same
period a year earlier, continuing a sharp slowdown in shipments
in recent months that, combined with high imports of oil and
gold, has sparked concern over the country’s swelling trade
deficit.

May 1, 2012

Exports fall for the first time since 2009

NEW DELHI (Reuters) – India’s exports in March fell for the first time since the 2009 global financial crisis as demand weakened in the United States and Europe, further clouding the outlook for the country’s balance of payments.

Exports fell 5.7 percent to $28.7 billion from the same period a year earlier, continuing a sharp slowdown in shipments in recent months that, combined with high imports of oil and gold, has sparked concern over the country’s swelling trade deficit.

May 1, 2012

India’s exports fall for the first time since 2009

NEW DELHI, May 1 (Reuters) – India’s exports in March fell
for the first time since the 2009 global financial crisis as
demand weakened in the United States and Europe, further
clouding the outlook for the country’s balance of payments.

Exports fell 5.7 percent to $28.7 billion from the same
period a year earlier, continuing a sharp slowdown in shipments
in recent months that, combined with high imports of oil and
gold, has sparked concern over the country’s swelling trade
deficit.

Apr 23, 2012