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Markets see worst weekly slide in two decades
Fetched: October 11th, 2008, 7:58am EDT
Bourses saw a virtual meltdown in one of the worst week in two decades, as the Indian indices plunged by 10 to 26 per cent amid wild rumours about a global recession led to panic sales across the globe. -
Most Americans opposed to $700bn bail out package
Fetched: October 11th, 2008, 7:58am EDT
A new FOX News poll has claimed that a majority of Americans are not supportive or enthused about the Bush Administration's $700bn bail out package to stop the meltdown on Wall Street. -
Right time for NRIs to invest in India: Federal Bank
Fetched: October 11th, 2008, 7:58am EDT
Overseas Indians should take advantage of favourable exchange rates arising out of the current global financial crisis and invest in India, says M Venugopal, CEO and managing director of India's Federal Bank. -
Financial companies to pay $600 bn as claims on Lehman's debts
Fetched: October 11th, 2008, 7:58am EDT
Financial companies and investment funds have to shell out up to $600bn in claims for the insurance policies on Lehman Brothers' debts, which may worsen the ongoing credit crisis. -
Oil, soy, copper all go bust in Latin America
Fetched: October 11th, 2008, 7:58am EDT
The booming prices for Venezuelan oil, Brazilian soy beans and Chilean copper that brought prosperity to Latin America are heading for a bust that threatens to erode the hard-won gains of its poor and newly emerging middle class. -
Reports: Chrysler, GM discuss merger, acquisition
Fetched: October 11th, 2008, 7:58am EDT
General Motors Corp. and Chrysler LLC have held preliminary talks about a merger or an acquisition of Chrysler by GM, according to published reports. -
U.S. firms up plan to buy into banks to stem crisis
Fetched: October 11th, 2008, 7:58am EDT
The US government pushed on Saturday to finish a plan to buy direct stakes in American banks as finance ministers from around the world struggled to find ways to stop the deepening financial crisis and shore up markets. -
World powers pledge to combat credit crisis
Fetched: October 11th, 2008, 7:58am EDT
Financial officials from the world's wealthiest industrial countries are pledging decisive action to deal with the biggest upheavals to hit the global financial system since the Great Depression. -
Pepsi to reinvest in soft drink business
Fetched: October 11th, 2008, 7:58am EDT
PepsiCo Inc said on Friday it is making a major multi-year investment in its soft drink business to restore growth in a business that has declined as US consumers seek drinks they view as healthier. -
GM could announce production cuts soon
Fetched: October 11th, 2008, 7:58am EDT
General Motors Corp. is likely to announce further production cuts and possible plant closures as early as next week as it deals with slumping sales and a collapse in its stock price, a person with knowledge of the company's plans said Friday.