Vietnam reduces interest rates to boost growth

Source: Bloomberg
Vietnam lowered its key interest rates in order to back slowing economy despite highest inflation in the region. The refinancing rate was decreased from 15% to 14% while the discount rate was lowered from 13% to 12%. The inflation rate in India reached 16.44% in February compared to 17.27% in January. 
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Mon, 12 Mar 2012 08:25:08 GMT

Johanna Sigurdardottir: Iceland has to adopt the Euro or other currency

Iceland is likely to introduce the Euro after becoming a member state of the EU or adopt other currency, said the Johanna Sigurdardottir, PM. The situation in the country cannot stay the same, he added. Joining the EU would allow Iceland to cooperate closely with EU member states. Iceland started negotiations for entering the EU in 2010 and is expected

Mon, 12 Mar 2012 07:46:41 GMT

India's manufacturing output expanded sharply in January

India's production output accelerated in January making the sharpest growth in 7 months. The output at mines, factories and utilities climbed 6.8% when compared on annual basis after a 2.5% surge in December, reported Central Statistics Office on Monday. The reading outperformed analysts' expectations. 

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