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Global central banks in cordinated interest rate cuts

Central banks around the world have joined forces to combat the worsening global economic crisis.On Wednesday central banks in a coorordinated move substantially reduced official

[Business] Buy Tiger, sell Dolphins on new sports stock market

Chicago, Oct 01: Michael Sroka dreamed up a day-trading website for sports fans while still in high school, and the concept will finally come to ...
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[Business] Qatar banks remain stable amid global financial crisis

(IANS)Banks in Qatar remain stable in the face of the global financial crisis with that country's central bank ready to provide liquidity to banks if ...
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[Business] Saudi economy safe from global meltdown, says top official

(IANS)Saudi Arabia's economy and financial institutions will not be greatly affected by the global financial crisis as these have not been exposed to the international ...
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[Business] Britain launches 500-bn pound bailout package

(IANS)British Prime Minister Gordon Brown Wednesday announced an unprecedented 500-billion pound bailout package as central banks around the developed world cut interest rates in a ...
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[Business] Pakistani rupee plunges to new record low

(IANS)The Pakistani rupee Wednesday again fell to a record low against the US dollar to close at 80.30 amid a severe foreign exchange shortage and ...
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[Business] Global central banks in cordinated interest rate cuts

Central banks around the world have joined forces to combat the worsening global economic crisis.On Wednesday central banks in a coorordinated move substantially reduced official ...
Full story

[Business] Tata Consultancy to buy Citi arm for $505 mn

Notwithstanding the crisis in the global financial system, leading Indian information technology major Tata Consultancy Services (TCS) Wednesday said it will buy the outsourcing arm ...
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[Business] Volkswagen now the world's top carmaker

Tuesday 7th October, 2008  Volkswagen is now in the top spot as the world’s largest carmaker by market capitalization, taking over from Toyota.Volkswagen’s shares surged as ...
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[Business] AIG executives pampered at California spa after bankruptcy

It has been revealed that American International Group sent executives on a $440,000 retreat to a California resort less than a week after the federal ...
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Air New Zealand announces test flight using new biofuel

(IANS)Air New Zealand will make the world's first commercial aviation test flight powered by fuel created from the seeds of the African jatropha plant next

Nokia Siemens Networks to trim jobs

(IANS)The 50:50 joint venture Nokia Siemens Networks said Tuesday it planned to cut some 1,250 jobs in Finland and Germany as part of cost-cutting measures.The

Credit card pullback during festive season

Holiday season consumers are supposedly trying to limit their credit card purchases this year.A survey conducted for Reuters has shown a total of 88.6 percent

IMF chief calls for coordinated action to tackle financial crisis

IMF Managing Director Dominique Strauss-Kahn has urged the Group of Twenty (G-20) leaders to deal with the immediate fallout from the financial crisis through coordinated

India now top import source for Bangladesh

India has regained the top position as Bangladesh's importing source, beating China, having exported rice worth $874 million last year.Statistics released here last week by

Yen rises against world currencies

The yen has risen against the dollar and the euro, with investor sentiment remaining jittery over global recession fears.On Monday, Tokyo's Nikkei share average surrended

New attraction in Bangladesh: Taka 1000 currency note

(IANS)Bangladesh has introduced new Taka 1000 currency notes and they are much in demand with many heading to street vendors in the capital and even

Another two banks fail in US

Two more failed banks have brought the tally in the US to 19.On Friday, the government closed down Franklin Bank, a Houston, Texas-based bank and

British car sales down, but Tata's Jaguar up

(IANS)Sales of new cars in Britain fell by 23 percent in October - the steepest fall for 17 years - but Tata-owned Jaguar bucked the

IMF releases world forecast

Thursday 6th November, 2008  The International Monetary Fund released its global economic forecast Thursday in the face of a growing credit crisis and predicted a recession
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