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Posts tagged "deficit" (Page 2)

Pfizer to buy maker of attention-deficit drug for $255 million

BERLIN: Pfizer Inc said it would buy privately held-NextWave Pharmaceuticals for $255 million, gaining access to the company's attention deficit hyperactivity disorder drug, the first once-daily liquid medicine approved to treat the condition in the United States.NextWave's shareholders would also be eligible to get up to $425 million based on certain sales milestones.Pfizer said it…

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October 22, 2012


India, China press each other for market access amid swelling deficit

NEW DELHI: India and China pressed each other for greater market access for their products from medicines to Bollywood films at a meeting of trade ministers on Monday, seeking to expand commercial ties between the Asian giants as they battle a global downturn.Despite twitchy relations and occasional heated rhetoric, business relations between India and China…

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August 28, 2012


Canada's 11-month budget deficit C$14.5 billion

OTTAWA: Canada's federal budget was in surplus in February, and the budget deficit for the first 11 months of the 2011-12 fiscal year was more than C$10 billion ($10.2 billion) less than the government has projected for the entire year.The Department of Finance's monthly fiscal monitor showed a surplus of C$1.48 billion in February. That…

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April 29, 2012


India's trade deficit soars on crude import costs

NEW DELHI: India's trade deficit soared to $185 billion in the last fiscal year, driven by high crude oil import costs, according to preliminary data released on Friday. India's merchandise exports surpassed the government's goal of $300 billion in the 12 months to March 31, 2012, as the country reached out to new emerging markets…

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April 13, 2012


Lease planes grow PIA deficit

Mohammad Mohsin from Karachi highlights the issue of acquiring aircrafts by PIA, facing more than Rs1.5 billion deficit.

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February 20, 2012


French trade deficit hits high, competitiveness at issue

PARIS: France's trade deficit hit a record high of just shy of 70 billion euros in 2011 as sharply rising energy import costs and lower export growth combined to underline the country's struggle to keep competitive globally.Farm produce and luxury goods such as handbags and perfume were the exceptions, France's customs office said on Tuesday,…

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February 7, 2012


IMF warns Pakistan over inflation, budget deficit

Staff ReportISLAMABAD: The International Monitory Fund (IMF) has warned Pakistan over the raging inflation and budgetary deficit, SAMAA reports.In its review report on Pakistan, the IMF said Pakistan may miss its annual budgetary targets due to a sharp decline in country’s human development index.The report pointed out manifold crisis as reason behind Pakistan’s economic uncertainty…

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February 7, 2012


PM Gilani bemoans 'trust deficit' with US

DAVOS: Pakistan's prime minister said on Saturday there was “a trust deficit” between Islamabad and Washington as he criticized the resumption of US drone strikes on his country's tribal belt. Speaking the day after over 100,000 people massed in Karachi to protest the strikes, Yousuf Raza Gilani said they only served to bolster militants. “Drones…

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January 28, 2012


India's PM worried by budget deficit

NEW DELHI: India's Prime Minister Manmohan Singh said Saturday in his New Year's message to the nation that controlling the government's budget deficit was a priority for 2012 to avert another crisis. In a lengthy address from the beleaguered premier, whose cabinet has suffered from corruption scandals and policy setbacks this year, Singh laid out…

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December 31, 2011


PIA plunges in deficit

The report highlights reasons of PIA’s rampant deficit, sending the airline to hire planes on lease or ground more aircrafts.

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November 11, 2011


Americans must pay fair share to cut deficit

WASHINGTON: President Barack Obama said on Saturday that Americans need to be ready to “pay their fair share” to narrow the U.S. deficit, previewing his proposals to Congress that are expected to include more taxes on the rich. In his weekly radio and video address, the Democrat said his $447 billion jobs plan that features…

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September 17, 2011


Obama tries to regain control of deficit debate

WASHINGTON: President Barack Obama's proposal to cut the U.S. deficit by $4 trillion over 12 years is as much about preparing for the 2012 election campaign as it is about balancing America's books. Obama's proposal is aimed at moderate and independent voters who swept him into power in 2008. The proposal likely will form the…

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April 14, 2011


Obama targets $4 trillion cut in U.S. deficit

WASHINGTON: President Barack Obama on Wednesday set a goal of cutting the U.S. budget deficit by $4 trillion, plunging into the debate over the nation's fiscal woes after accusations he has failed to lead on the issue.Obama, facing a 2012 re-election vote in which the nation's debt and deficit are major worries for Americans, will…

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April 13, 2011


Obama budget curbs deficit, fiscal fight looms

WASHINGTON: President Barack Obama proposed a budget on Monday that would cut the U.S. deficit by $1.1 trillion over 10 years, setting the stage for a bitter fight with Republicans who vow even tougher spending controls. KEY POINTS: — Obama budget aimed at cutting deficit by $1.1 trillion over 10 years — Deficit to rise…

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February 14, 2011


PML-N urges govt. to trim down budget deficit

Staff Report LAHORE: Senior PML-N leader Senator Ishaq Dar has warned that country’s economic situation would get out of control if budget deficit was not controlled. Speaking to reporters here on Wednesday, Senator Dar said that budget losses would multiply if the government did not take steps to cut budget deficit. Speaking on this occasion,…

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February 9, 2011


Widening budget deficit key challenge for Pakistan -IMF

ISLAMABAD: Pakistan should act swiftly to reduce its widening budget deficit, a senior IMF official said on Tuesday, as the government struggles to hammer out a political consensus to revive an economy battered by militancy and floods. Analysts say Pakistan's fiscal deficit is likely to exceed 7 percent of economic output — as against the…

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February 1, 2011


NZ reduce deficit to 59 runs at tea v Pakistan

HAMILTON: New Zealand had moved to 33 without loss at tea on the third day of the first test in their second innings against Pakistan, to trim their deficit to 59 runs at Seddon Park on Sunday. Brendon McCullum was on an aggressive 30, which included five boundaries, while Tim McIntosh was on a more…

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January 8, 2011


Pak deficit to rise to 6-7pc due to floods: PM

ISLAMABAD: Pakistan's budget deficit is expected to climb to 6-7 percent of gross domestic product in the fiscal year 2010/2011 as a result of floods, the prime minister said on Wednesday.”The budget deficit before the flood crisis was estimated to reach 4.5 percent of GDP. Now it is estimated to be as much as 6-7…

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September 1, 2010


Budget deficit of 685 billion for FY 2010-11

ISLAMABAD: The government on Saturday announced budget for 2010-11 with a total expenditure of Rs 3.259 billion. Scores of incentives has been offered to the working class besides tax exemptions on food items and relief in health and education sectors. A sizeable 50 percent adhoc increase in salaries and 15% to 20% in pension of…

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June 5, 2010


Pak, India share trust deficit: Qureshi

Staff Report NEW DELHI: Foreign Minister Shah Mehmood Qureshi admitted in an interview with Indian television that Pakistan and India are facing trust deficit in bilateral relations, SAMAA reported Sunday. Mr Qureshi stated that efforts have been made to narrow down trust deficit between South Asian neighbors. He reiterated that Pakistan is fighting a war…

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May 30, 2010


Govt to heed on budget deficit: Queen

LONDON: In a speech delivered on its behalf by Queen Elizabeth at the formal state opening of parliament, the government also proposed legislation to give British people a say on any transfer of powers to the European Union. Forming the first coalition since 1945, the centre-right Conservatives and left-leaning Lib Dems took office after an…

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May 25, 2010

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