SWEDEN NOT MOVING INTEREST RATE FROM 0.25 Sweden's Central Bank said Thursday it will keep its interest rate at a record-low 0.25 per cent, despite signs that the economy is picking up. The Central Bank also said it would offer loans worth 100 billion kronor (13.9 billion dollars) to the commercial banks at a fixed interest rate in order to help secure favourable loans to commercial business and households. The Riksbank projected that GDP would decline by 4.9 per cent this year, but ... Read More

INDIA’S EXPORTS IN DECLINE MODE. India's exports declined for the 10th straight month in July, according to government data released Tuesday. India recently announced a new foreign trade policy which envisaged tax refunds and incentive measures to arrest the decline in exports and check job cuts. India's export industry has been badly hit by the economic slowdown in its traditional markets of Europe and United States, which account for 40 per cent of exports. While announcing the new five-year policy, federal Trade ... Read More