Arab stock markets continued their downward journey this week, with financial analysts Friday citing unjustified ‘panic and psychological pressures’ from the turmoil on global markets.
According to a report by the Kuwait-based Global International Investments House released Friday, the stocks of the oil-rich six member states of the Gulf Cooperation Council, lost 47.5 percent of their [...]
The Securities and Exchange Board of India (SEBI) on Thursday said its investigations did not find any evidence of manipulative trading in ICICI Bank shares. SEBI had conducted the probe on the basis of a complaint by the ICICI Bank on September 17.
ICICI Bank MD and CEO KV Kamath had demanded a probe by SEBI, [...]
Palador, the undisputed leader in the World Cinema category with over 1,000 of the best and most awarded films, is all set to make its presence felt at the 39th International Film Festival of India (IFFI) by screening four movies from its extensive library.
“In the Mood for Love”, “Fallen Angels”, “Happy Together” will be showcased [...]
Republican Senator said on Sunday it was “pretty clear” a $25 billion bailout proposal for U.S. automakers will fail in the U.S. Senate, while Democrats argued saving the industry was critical to the U.S. economy.
The Senate is slated on Monday to begin debating emergency legislation to General Motors Corp, Ford Motor Co, and Chrysler LLC [...]
Finance Minister P Chidambaram has asked the US and Europe to “set their house in order” to reverse the impact of the financial crisis on economies worldwide and help capital to flow back to developing nations. “If they (US and Europe) set their house in order, surely capital will flow back to developing countries.
Credit will [...]
The Wall Street slipped into the red shedding off its early gains amid a slew of bad news on economy and unemployment insurance claims, with benchmark Dow Jones Industrial Average falling nearly one percent.
Apart from the Dow, the two other major indices — S&P 500 and Nasdaq Composite also declined as much as [...]
The wholesale price index rate fell sharply to 8.98 per cent for the week ended 1st November on account of declining prices of fuel and manufactured goods.
The rate came down by 1.74 percentage points from 10.72 per cent in the previous week.
The rate was 3.35 per cent a year ago. The prices of commodities which [...]
India has vital stake and a role to play in the global economic stability, Prime Minister Manmohan Singh said Thursday as he left for the US capital to attend the G20 Summit among leaders of rich and developing nations to find ways that could reverse the current global economic slowdown and avert a future financial [...]
Dutch financial group ING posted its first-ever quarterly loss on Wednesday as impairments on stocks and bonds, counterparty losses and property writedowns ate into its income.ING Group NV had projected the loss in October before agreeing to a 10 billion euros ($12.7 billion) cash injection by the Dutch Government to shore up its core capital. [...]
Wholesale inventories held by distributors fell in September, the government said Friday, as companies cut stockpiles in the face of the economic slowdown.
The Commerce Department said inventories fell by 0.1 percent. Analysts had expected them to grow by 0.3 percent, according to Thomson Reuters. The department also revised August’s reading down to a 0.6 percent [...]