Business

Oil extends losses in Asian trade over Eurozone concerns<br/>

June 12, 2012 12:14 PM

Oil extends losses in Asian trade over Eurozone concerns<br/>

Oil extended losses in Asian trade today as investors&apos; euphoria over a weekend deal for Spanish banks faded amid renewed concerns over the troubled eurozone. Expectations that the Organization of the Petroleum Exporting Countries, OPEC, will raise its production quota also pressured prices....

Rupee falls further; trading down 17p against dollar<br/>

June 12, 2012 11:50 AM

Rupee falls further; trading down 17p against dollar<br/>

The rupee fell further by 17 paise to 55.91 rupees against the US dollar on persistent demand for the American currency from banks as it firmed against other currencies as well amid weak equity markets. The rupee resumed lower by 11 paise at 55.80 rupees per dollar as against the last closing level ...

Sensex in positive territory; trading at 16,711pts<br/>

June 12, 2012 11:49 AM

Sensex in positive territory; trading at 16,711pts<br/>

The BSE benchmark Sensex was trading 40 points in possitive territory to 16,711 a short while ago. The BSE benchmark Sensex fell over 114 points in early trade today on continued selling by foreign funds ahead of industrial output data amid weakening trend in global markets.The 30-share barometer, w...

Rupee down 11p; trading at 55.85 against US $<br/>

June 12, 2012 10:57 AM

Rupee down 11p; trading at 55.85 against US $<br/>

The rupee depreciated 11 paise to55.85 rupees against the dollar in early trade on the Interbank Foreign Exchange following dollar gains against other currencies overseas amid a weak trend in the equity market. The rupee had lost 32 paise to close at 55.74 against the US currency in the previous ses...

Sensex falls over 114 pts in early trade

June 12, 2012 10:56 AM

Sensex falls over 114 pts in early trade

The BSE benchmark Sensex fell over114 points in early trade today on continued selling by foreign funds ahead of industrial output data amid weakening trend in global markets. The 30-share barometer, which had lost 50.86 points in yesterday&apos;s trade, fell further by 114.54 points to 16,553.4...

Asian markets fall on Eurozone debt crisis fears<br/>

June 12, 2012 9:48 AM

Asian markets fall on Eurozone debt crisis fears<br/>

Asian markets have fallen on fears about the eurozone debt crisis after the cost of borrowing for Spain and Italy rose. Yesterday, Spanish bond yields rose to almost 6.5 per cent, while ten-year Italian bond yields rose to 6.032 per cent. Japan&apos;s Nikkei 225 index fell 1.8 per cent and South...

Govt says taking steps to cut fiscal deficit, current account deficit

June 11, 2012 8:03 PM

Govt says taking steps to cut fiscal deficit, current account deficit

Finance Secretary R. S. Gujral on Monday said the government is taking a lot of steps to ensure that the current account deficit and the fiscal deficit are under control.The Finance Secretary was responding to the warning by rating agency, Standard &amp; Poor&apos;s regarding a possible lowe...

Asian markets rise on spain bank bailout <br/>

June 11, 2012 5:47 PM

Asian markets rise on spain bank bailout <br/>

Asian markets shot up on Monday, stocks surged to a four- week high after Spain sought as much as 100 billion euros to save its banking system and Chinese export data topped forecasts.So Japan&apos;s Nikkei 225 index surged 2%; Hong Kong&apos;s Hang Seng spurted 2.4%; China&apos;s Shangh...

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