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Just in:   • White paper on black money tabled in LS  • Rupee slips to a record low of 55 against a dollar  • Myanmar economy set to boom: Report  • IT industry seeks clarity on software exports: Murthy  • Sensex closes flat on weak rupee  Last updated: 17 May, 2010    Europe EU pledges $140 mn to Jordan IANS | 21 May, 2012 The European Union will give 110 million euros (about $140 million) in financial assistance to Jordan in 2012..    Read more.... Moody's downgrades credit ratings of 16 Spanish banks IANS/EFE | 19 May, 2012 Ratings agency Moody's Investors Service has downgraded the credit ratings of 16 Spanish banks - including the country's largest financial institutions, Banco Santander and Banco Bilbao Vizcaya Argentaria - by between one and three notches..    Read more.... Spain for stronger economic ties with Brazil IANS/EFE | 18 May, 2012 Spain's foreign minister lobbied here Thursday for strengthening "economic diplomacy" to tighten economic and trade links between his country and Brazil..    Read more.... Spain's borrowing costs rise sharply in bond auction IANS/EFE | 18 May, 2012 Spain's Treasury auctioned 2.5 billion euros ($3.18 billion) worth of bonds maturing in 2015 and 2016 Thursday, but was forced to pay sharply higher interest rates..    Read more.... Moody's cuts 26 Italian banks' ratings IANS | 15 May, 2012 Moody's Investors Service cut the long-time credit ratings of 26 Italian banks Monday, underlining the banking woes in both the country and the euro zone..    Read more.... Spain to nationalize No. 4 bank, inject capital IANS/EFE | 10 May, 2012 The Spanish government will nationalize the parent company of Bankia, the country's fourth-largest bank, and plans to inject additional capital into the troubled institution, the economy ministry said Wednesday..    Read more.... Russia lifts embargo on arms supplies to Libya, says official portal IANS/RIA Novosti | 08 May, 2012 Russia has lifted an embargo on the arms supplies to Libya, according to an official legal information portal..    Read more.... Unemployed Italians become shepherds IANS/AKI | 03 May, 2012 Thousands of young Italians are becoming shepherds as a way to make a living after facing the worst employment opportunities in more than a decade, according to a new report..    Read more.... Britain's manufacturing growth declines IANS | 02 May, 2012 Britain's Purchasing Managers' Index (PMI) for manufacturing sector declined to 50.5 in April from 51.9 in the previous month..    Read more.... Russia to raise liquor, cigarette tax IANS/RIA Novosti | 30 Apr, 2012 Russia, a country of vodka drinkers, may raise tariffs on hard liquor to about 20 percent a litre by 2015, according to a draft tax document issued by the finance ministry. Tax on cigarettes will also increase..    Read more....    Top Stories » Rupee slips to a record low of 55 against a dollar » Experts welcome SIDBI fund for service sector start-up SMEs » Forex reserves drop by USD 1.37 billion » Amid global woes, exporters seek more support » Rupee crisis a great concern: Pranab     Commented Stories » Credit rating can help SMEs in more ways than one(20) » Exporters need push, not pull(10) » SME Conclave – awareness on SME stock exchange(6) » Share of MSME sector in GDP to touch 10 pc: Ashok Chawla(6) » Yamaha records domestic sales growth of 53 pc(3)   Customs Exchange Rates Currency Import Export US Dollar 53.10 52.25 UK Pound 86.00 84.15 Euro 70.35 68.70 Japanese Yen 65.50 63.85 As on 22 May, 2012   Daily Poll Do you think RBI's deregulation of export credit interest rate in foreign currency will affect exporters?  Yes  No  Can't say

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