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Nikkei dives nearly 10 percent

Japan's benchmark Nikkei 225 Stock Average Wednesday nosedived to the lowest closing level since June 2003 in a five-day losing streak on heavy selloffs amid

[Business] Tata firm to invest $12 mn in Qatar science park

TCE Consulting Engineers, a Tata Group subsidiary, will invest $12 million over the next five years in the Qatar Science and Technology Park (QSTP).The investment ...
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[Business] Facebook creative genius leaves the firm

Irish SunMonday 6th October, 2008  Dustin Moskovitz, the college roommate who helped Mark Zuckerberg start Facebook, intends creating a new internet technology firm.Moskovitz has said he ...
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[Business] eBay cuts back its workforce after auction slowdown

Irish SunMonday 6th October, 2008  EBay will cut 10 per cent of its work force after a slowdown in its main web auctions business.Shares of eBay ...
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[Business] Australia in shock one percent interest rate cut

Irish SunTuesday 7th October, 2008  In the first sign that central banks will seriously combat rcession fears, Australia's Reserve Bank stunned markets Tuesday by cutting official ...
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[Business] Mittal elected chairman of World Steel Association

Irish SunMonday 6th October, 2008  (IANS)London-based Indian-born billionaire Lakshmi Niwas Mittal was Monday elected chairman of the World Steel Association ('worldsteel'), representing about 180 steel producers ...
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[Business] Crude oil price slides below $90 a barrel

Irish SunMonday 6th October, 2008  (IANS)New York, Oct 7 (Xinhua) The crude oil price Monday tumbled below $90 a barrel for the first time in eight ...
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[Business] London stock market drops to four-year low

(IANS)London, Oct 7 (Xinhua) As markets across Europe plunged, the FTSE index in the London stock market notched up its third biggest percentage fall, dropping ...
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[Business] Indian-American at centre stage as US markets dive

Tuesday 7th October, 2008  (IANS)As global markets reeled and Dow Jones index plunged below 10,000 for the first time in four years, Neel Kashkari, a 35-year ...
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[Business] Currency markets in turmoil as global stocks plunge

Foreign exchange markets are experiencing violent gyrations Monday amidst global markets turmoil.The Japanese yen was being quoted at little more than 100.00 yen to the ...
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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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