Tokyo, Oct 31 DPA Japan's benchmark Nikkei 225 Stock Average
BUS10BusinessNikkei falls five percent despite interest-rate cut LeadTokyo, Oct 31 DPA Japan's benchmark Nikkei 225 Stock Average plunged five per cent Friday and fell below 9,000 despite the Bank of Japan's announcement of an interest-rate cut as investors turned bearish over lowered corporate earnings forecasts. The Nikkei index dropped 452.78 points to close at 8,576.98. The broader Topix index of all first-section issues also fell 32.25 points, or 3.59 percent, to 867.12. The Bank of Japan cut its short-term interest rate to 0  read more

Posted by IANS on Friday Nov 07
Equities markets end in red on profit booking Lead
BUS18Business/BusinessEquities markets end in red on profit booking LeadMumbai, Nov 5 IANS Indian equities markets opened strong Wednesday but finished in the red as investors booked profits on the gains of the past three successive trading sessions.The 30-share benchmark sensitive index Sensex of the Bombay Stock Exchange BSE finished at 10,120.01, down 511.11 points or 4.81 percent from its previous close Tuesday at 10,631.12 points.The broader-based 50-share S&P CNX Nifty of the National Stock Exchange NSE also opened strong but closed at 2,994  read more

Posted by IANS on Friday Nov 07
ArcelorMittal quarter three profits up, but cuts production
BUS21Business/BusinessArcelorMittal quarter three profits up, but cuts productionLondon, Nov 5 IANS ArcelorMittal, the world’s leading steel company, Wednesday reported a 29 percent rise in third quarter profits but said it will cut back production until the economic scenario brightens.“The current period of de-stocking requires that we make appropriate production cuts to seek to rebalance supply and demand, and we are also accelerating efforts to pay down debt,” ArcelorMittal chairman Lakshmi Niwas Mittal said  read more

Posted by IANS on Friday Nov 07
Tokyo, Oct 30 DPA Markets across the Asia-Pacific Thursday s
BUS9BusinessAsia-Pacific stocks surge for third dayTokyo, Oct 30 DPA Markets across the Asia-Pacific Thursday saw the roller-coaster ride they have been taking in recent weeks make an upward surge with key markets jumping more than 10 percent on news of an interest rate cut by the US Federal Reserve. Japan's benchmark Nikkei 225 Stock Average ended trading up nearly 10 percent after the US central bank's rate cut as well as boosted profit prospects for Japan's exporters as the yen weakened against the dollar  read more

Posted by IANS on Thursday Nov 06
Tokyo, Oct 31 DPA Japan's benchmark Nikkei 225 Stock Average
BUS10BusinessNikkei falls five percent despite interest-rate cut LeadTokyo, Oct 31 DPA Japan's benchmark Nikkei 225 Stock Average plunged five per cent Friday and fell below 9,000 despite the Bank of Japan's announcement of an interest-rate cut as investors turned bearish over lowered corporate earnings forecasts. The Nikkei index dropped 452.78 points to close at 8,576.98. The broader Topix index of all first-section issues also fell 32.25 points, or 3.59 percent, to 867.12. The Bank of Japan cut its short-term interest rate to 0  read more

Posted by IANS on Thursday Nov 06
Tokyo, Oct 30 DPA Markets across the Asia-Pacific Thursday s
BUS9BusinessAsia-Pacific stocks surge for third dayTokyo, Oct 30 DPA Markets across the Asia-Pacific Thursday saw the roller-coaster ride they have been taking in recent weeks make an upward surge with key markets jumping more than 10 percent on news of an interest rate cut by the US Federal Reserve. Japan's benchmark Nikkei 225 Stock Average ended trading up nearly 10 percent after the US central bank's rate cut as well as boosted profit prospects for Japan's exporters as the yen weakened against the dollar  read more

Posted by IANS on Friday Oct 31
Tokyo, Oct 31 DPA Japan's benchmark Nikkei 225 Stock Average
BUS10BusinessNikkei falls five percent despite interest-rate cut LeadTokyo, Oct 31 DPA Japan's benchmark Nikkei 225 Stock Average plunged five per cent Friday and fell below 9,000 despite the Bank of Japan's announcement of an interest-rate cut as investors turned bearish over lowered corporate earnings forecasts. The Nikkei index dropped 452.78 points to close at 8,576.98. The broader Topix index of all first-section issues also fell 32.25 points, or 3.59 percent, to 867.12. The Bank of Japan cut its short-term interest rate to 0  read more

Posted by IANS on Friday Oct 31
Hathaway's ex-boyfriend to serve four years in prison
ENT6 Entertainment/International/Cinema Hathaway's ex-boyfriend to serve four years in prison London, Oct 24 IANS Actress Anne Hathaway's ex-boyfriend Raffaello Follieri will have to serve at least four years in prison for fooling investors. Tmz.com reports that Follieri will also have three years of supervised probation and his term starts immediately. He had pled guilty Sept 14 on counts of wire fraud, conspiracy, and money laundering. He had fooled investors out of millions by claiming that he worked with the Vatican  read more

Posted by IANS on Saturday Oct 25
Key Indian equities index sees biggest fall ever Second lead
BUS12 Business/Business Key Indian equities index sees biggest fall ever Second lead Mumbai, Oct 24 IANS Indian equities markets Friday were in the midst of complete mayhem with ruthless selling by foreign institutional investors sending a key equities index into its biggest fall ever in percentage terms. At 2.30 p.m., the benchmark 30-share sensitive index Sensex of the Bombay Stock Exchange was ruling at 8,797.70, down 974.00 points or 9.97 percent from its previous close Thursday at 9,771  read more

Posted by IANS on Saturday Oct 25
Berlin rejects Sarkozy's industry takeover plan
BUS29 Business/Diplomacy/Economy Berlin rejects Sarkozy's industry takeover plan Berlin, Oct 24 DPA French plans to take stakes in strategic industries and shut out big foreign investors were criticised Friday in Berlin, in a new sign of Franco-German discord. French President Nicolas Sarkozy had unveiled his plans the previous day and urged other nations to copy France's protective measures against sovereign wealth funds. But Chancellor Angela Merkel's deputy spokesman, Thomas  read more

Posted by IANS on Saturday Oct 25
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