Central bank of India cuts growth forecast

Note: This section contains information in English only.
Source: BBC
Indian central bank cut outlook for the expansion of the country's economy. The RBI said the growth for 2011 and 2012 is likely to be more moderate than expected. Bank blamed the high inflation rate that hit 7.47% last month, the lowest level in the last two year but still above the bank's target. The RBI also added that spillover from the indebted Euro Zone, low investments and exports all weighted on the economic perspectives of India.


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Tue, 24 Jan 2012 09:32:55 GMT

Demand for green bonds from Sweden and Japan surges

Skandinaviska Enskilda Banken and Daiwa Securities Group underwrote record high number of green bonds since their issuance in 2007, showing the dominance of Japanese and Swedish banks in the bond market. Five of ten biggest green bond underwriters were drawn either from Japan or Sweden. Statistics suggests, lawmakers are willing to stimulate investment in environmental projects. 

Tue, 24 Jan 2012 08:37:21 GMT

ILO: Perspectives of the worldwide labour market deteriorated

The International Labour Organization announced that overall outlook for the world's labour market worsened in 2011. The organization urged the government has to create more than 600 million jobs over the next 10 years. Currently there are about 1.1 billion individuals that are either living in poverty or unemployed.

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