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Tag Archives: Cuts
India Cuts Bank Reserve Ratio, Shifts Focus to Growth
CNBC Asia Top News and Analysis
Posted in Latest News
Tagged Bank, Cuts, Focus, Growth, India, Ratio, Reserve', Shifts
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BOJ Cuts Growth Forecast, Holds Off Easing
The Bank of Japan cut its economic forecasts and warned of risks posed by Europe’s debt crisis but kept monetary policy steady, counting on spending for reconstruction after last year’s earthquake to support recovery. CNBC Asia Top News and Analysis
Australia Central Bank Cuts Rates, Frets on Europe
Australia’s central bank cut interest rates by a quarter point to 4.25 percent on Tuesday as tamer inflation at home allowed it to take out some policy insurance against the debt crisis engulfing Europe. CNBC Asia Top News and Analysis
Australia Announces Spending Cuts to Return to Surplus
Australia trimmed official growth and tax revenue forecasts on Tuesday and announced new spending cuts and tax changes to ensure it meets its target to return the budget to surplus in the fiscal year to June 30, 2013. CNBC Asia … Continue reading
BOJ Keeps Policy On Hold but Cuts Economic Outlook
The Bank of Japan kept monetary settings unchanged on Wednesday but toned down its economic assessment and warned of a widening fallout from Europe’s debt crisis, signaling readiness to ease its policy again if risks to the country’s recovery heighten. … Continue reading
Indonesia Cuts Rates to Record Low of 6%
Indonesia’s central bank cut its benchmark overnight rate on Thursday by a surprisingly large 50 basis points to a record low of 6 percent, hoping to mitigate a weakening global economy and keep the country on a strong growth path. … Continue reading
Canon Cuts Outlook on Thai Floods, Strong Yen
CNBC Asia Top News and Analysis
Japan Cuts Economic Outlook, Says Nascent Recovery Slows
Japan’s government downgraded its assessment of the economy for the first time in six months, saying weakening global growth is slowing down a recovery in factory output and exports. CNBC Asia Top News and Analysis
Posted in Latest News
Tagged Cuts, Economic, Japan, Nascent, Outlook, Recovery, Says, Slows
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Infosys Second-Quarter Profit Up, Cuts Revenue Outlook
India’s software services heayweight Infosys met forecasts with a 9.7-percent rise in its quarterly profit as a weak rupee boosted margins, but it cut its revenue outlook and warned about global economic uncertainty. CNBC Asia Top News and Analysis