Oil extends losses in Asian trade

Oil extended losses in Asian trade on Tuesday as disappointing economic data tempered optimism that China's move to a more flexible yuan would lift energy demand. New York's main futures contract, light sweet crude for delivery in August, shed 28 cents to 77.57 dollars a barrel whi...

Sensex opens 121 points lower on weak global trend

Sensex opened lower by 121 points on Wednesday as investors sold stocks amid a weakening global trend. The 30-share index, which lost 126.86 points in the previous session, fell further to 17,629 points in the first five minutes of trading. Similarly, the wide-based National Stock Exchange index Nif...

UK Govt presents tough austerity measures to bring down budget deficit

The new coalition government in Britain has presented tough austerity measures to try to bring down the massive budget deficit. The Conservative Chancellor of the Exchequer, George Osborne, told Parliament that spending cuts and tax rises were vital to tackle the deficit which is one of the largest ...

Gold plunges 295 rupees

Snapping a four-day rally, gold plunged 295 rupees, to 18,850 rupees per ten grams at Delhi's bullion market, today. Silver ready slumped 550 rupees, to 29,600 rupees per kilo.In New York, gold had yesterday touched a record high of 1,266.50 dollars an ounce, but then slid 23.90 dollars, to...

Sensex sheds 127 points

After yesterday's over 300 point rally, the Sensex at the Bombay Stock Exchange declined 127 points, or 0.7 per cent, to close at 17,750, on profit-booking, and weak Asian markets, today. The Nifty at the National Stock Exchange fell 37 points, or 0.7 percent, to 5,317.The bourses in Japan,...

Sensex sheds 127 points; Gold plunges 295 rupees

After yesterday's over 300 point rally, the Sensex at the Bombay Stock Exchange declined 127 points, or 0.7 per cent, to close at 17,750, on profit-booking, and weak Asian markets, today. The Nifty at the National Stock Exchange fell 37 points, or 0.7 percent, to 5,317.The bourses in Japan,...

Iran doubles denominantion of its highest bank notes

Iran has doubled the denomination of its highest bank notes to one hundred thousand Rials, which is worth officially about ten dollars. At least one hundred and fifty million of the new notes are being printed and distributed over the next three months. The move has been prompted by high inflation.

B'desh readymade garment industry hit by workers' unrest

IMF to hold conference in S Korea to find common goal of Asia's economy

The International Monetary Fund will hold a conference in South Korea next month to find the common goal of Asia's economy and highlight its future role in the world's economy.The conference, Asia 21: Leading the Way Forward will be held on the 12th and 13th of next month in Daejeo...

Gold snaps rally, plunges to Rs 18,850

Snapping a four-day rally, gold plunged 295 rupees, to 18,850 rupees per ten grams at Delhi's bullion market, today. Silver ready slumped 550 rupees, to 29,600 rupees per kilo.In New York, gold had yesterday touched a record high of 1,266.50 dollars an ounce, but then slid 23.90 dollars, to...