Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]

Nepal And The World News In Brief (16 - 22 December 2013)

  2 min 4 sec to read

US Lower House Approves Budget Deal
US lawmakers in the lower House of Representatives approved on Thursday a compromise budget deal that will avert a costly government shutdown and minimise damage from across the board spending cuts. The chamber approved the bipartisan measure 332—94. 
 
UK Economy Set for Fastest Growth in 7 Years 
Britain’s economy will expand at its fastest rate in seven years in 2014, thanks to strengthening household consumption, but high household debt will slow growth in 2015, the British Chambers of Commerce said on Thursday. The business group forecast economic growth to rise to 2.7 percent in 2014, an upgrade from the forecasts of 2.2 percent it made as recently as August. 
 
Iran Oil Exports Rise as Sanctions Eased
Iranian exports rose by about 10% in November, the International Energy Agency said in its monthly market report published Wednesday. The Paris-based agency also said it expected global oil demand to rise by 1.2 million barrels per day to 92.4 million next year. Iran’s export lift follows an accord struck last month which relaxed some economic sanctions in exchange for assurances over the country’s nuclear program.
 
‘Big Step’ Rescue Plan for Eurozone Banks 
The agreement reached in discussions about how to deal with bank bailouts for EU nations has been labelled a “big step” by a senior official. EU Commissioner Michel Barnier said the deal meant taxpayers were no longer on the “front line”. Under the new arrangements, each EU member state will build up a fund to help banks in trouble. The fund will be built up from bank contributions, with banks that take more risks paying more.
 
India’s Forex Reserves Rise to a 7 Month High
India’s foreign exchange reserves have risen for five straight weeks to a seven-month high.  Forex reserves jumped $4.408 billion in the week ended December 6 to $295.7 billion as banks continued to swap their dollar borrowings with RBI in favour of the rupee even after the deadline of November 30, by which incentives that encouraged this were to end. 

Deprecated (16384): Using key `action` is deprecated, use `url` directly instead. [CORE/Cake/View/Helper/FormHelper.php, line 383]
No comments yet. Be the first one to comment.