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$2 bn Norway bonanza ahoy!

Business News - HT - Wed, 10/22/2008 - 00:08

Wall Street may be in trouble and US-based brand-name FIIs may be running
for cover, but there is good news from other quarters. STRONGAmit
Baruah/STRONG reports.

Categories: Business, News
Govt panel sees enough cash to fuel credit

Business News - HT - Wed, 10/22/2008 - 00:05

The Govt believes monetary measures taken by the RBI over the past week have
not only helped in tiding over the severe liquidity crisis but are
sufficient to take care of the growth in credit demand. STRONGMahua
Venkatesh/STRONG reports.

Categories: Business, News
New telcos face hard reality, valuations slump

Business News - HT - 0 sec ago

Valuations of new telecom companies have plunged by more than 20% in last
one month, thanks to the economic slowdown and adverse market conditions.
STRONGManoj Gairola/STRONG reports.

Categories: Business, News
Market consolidates above 10K mark

Business News - HT - 0 sec ago

The BSE Sensex posts a gain of 460 points, aided mainly by market regulator
SEBI's warning against FII's lending and borrowing of Indian securities in
overseas markets.

Categories: Business, News
Airlines to pay Rs 30,000 for abrupt flight cancellation

Business News - HT - 0 sec ago

The State Consumer Commission has directed Deccan Aviation Limited to pay Rs
30,000 to passenger for putting him to inconvenience by abruptly cancelling
its Kullu-Delhi flight for four days.

Categories: Business, News
Three airlines bid for Austrian Airlines: Source

International Business - 4 min 37 sec ago

Germany's Lufthansa, Air France-KLM and Russia's S7 have all submitted
binding bids for a stake in Austrian Airlines, a source close to the matter
said on Tuesday.img src="
http://feeds.feedburner.com/~r/is-mergers/~4/427569807"; height="1"
width="1"/

Categories: Business, International Business
British insurer Prudential says monitoring AIG disposals

International Business - 4 min 37 sec ago

British insurance group Prudential said today that it will monitor
"opportunities" which could arise from an asset disposal programme by US
giant AIG in Asia.img src="
http://feeds.feedburner.com/~r/is-mergers/~4/427569808"; height="1"
width="1"/

Categories: Business, International Business
Bank of Canada cuts interest rate

International Business - 4 min 37 sec ago

Canada's central bank cut its key interest rate by a quarter-point on
Tuesday, saying Canada needs the stimulus to ward off the effects of a
United States already in recession and a global economy heading there.img
src="http://feeds.feedburner.com/~r/is-mergers/~4/427569809"; height="1"
width="1"/

Categories: Business, International Business
Japan launches voluntary CO2 market

International Business - 4 min 37 sec ago

Japan on Tuesday launched a voluntary carbon market based on companies'
pledged emissions cuts and hopes thousands of firms will sign up to what
could become a forerunner of a mandatory cap-and-trade schemeimg src="
http://feeds.feedburner.com/~r/is-mergers/~4/427569810"; height="1"
width="1"/

Categories: Business, International Business
British economy close to recession

International Business - 4 min 37 sec ago

pAnalysts say the economy will almost certainly have shrunk for the first
time since the early 1990s. a href="
http://economictimes.indiatimes.com/quickiearticleshow/3575738.cms";
target="_blank"bUK bailout/b/a | a href="
http://economictimes.indiatimes.com/quickiearticleshow/3528868.cms";
target="_blank"bSurvive the credit crisis/b/a | a href="
http://economictimes.indiatimes.com/articleshowpics/3624386.cms";
target="_blank"bGhosts of 1929/b/a/pimg src="
http://feeds.feedburner.com/~r/is-mergers/~4/427569811"; height="1"
width="1"/

Categories: Business, International Business
Fed to buy commercial paper from mutual funds

International Business - 4 min 37 sec ago

pFed hopes to improve conditions so banks and other financial institutions
will be more inclined to lend to each other. a href="
http://economictimes.indiatimes.com/marketstats/2189002.cms";
target="_blank"bGainers amp; Losers/b/a | a href="
http://economictimes.indiatimes.com/quickiearticleshow/3552098.cms";
target="_blank"b2008: Year of financial crisis/b/a /pimg src="
http://feeds.feedburner.com/~r/is-mergers/~4/427569812"; height="1"
width="1"/

Categories: Business, International Business
Fed launches new money market facility

International Business - 4 min 37 sec ago

The US Federal Reserve on Tuesday launched a new facility to fund purchases
of certificates of deposit and commercial paper from money market mutual
funds in the latest step to provide liquidity to strained financial
markets.img src="http://feeds.feedburner.com/~r/is-mergers/~4/427569813";
height="1" width="1"/

Categories: Business, International Business
Kerkorian sells part of stake in Ford Motor

International Business - 4 min 37 sec ago

Billionaire investor Kirk Kerkorian says his investment firm has sold 7.3
million of its shares in Ford Motor Co., reducing his stake in the automaker
to just over 6 per cent.img src="
http://feeds.feedburner.com/~r/is-mergers/~4/427569814"; height="1"
width="1"/

Categories: Business, International Business
National City has big loss, to cut 4,000 jobs

International Business - 4 min 37 sec ago

National City Corp, the US Midwest regional bank, posted its fifth straight
quarterly loss on Tuesday, hurt by increased reserves for mortgage and real
estate construction loan losses.img src="
http://feeds.feedburner.com/~r/is-mergers/~4/427461035"; height="1"
width="1"/

Categories: Business, International Business
Prudential's third-quarter sales rise 24%

International Business - 4 min 37 sec ago

Prudential PLC, Britain's largest insurance company, announced on Tuesday
that sales rose 24 percent in the third quarter of 2008 compared with the
same period a year earlier.img src="
http://feeds.feedburner.com/~r/is-mergers/~4/427461036"; height="1"
width="1"/

Categories: Business, International Business
BoE, SNB offer more overnight money

International Business - 4 min 37 sec ago

The Bank of England and the Swiss National Bank each offered overnight loans
to banks on Tuesday as part of their daily credit operations - although
declining bids indicated that funding gaps in credit markets could be
narrowing.img src="http://feeds.feedburner.com/~r/is-mergers/~4/427461045";
height="1" width="1"/

Categories: Business, International Business
Major risks of financial crisis averted: IMF

International Business - 4 min 37 sec ago

The International Monetary Fund (IMF) said on Tuesday that Europe should
avoid the major risks posed by the global financial crisis thanks to the
EU's coordinated "crisis management" measures.img src="
http://feeds.feedburner.com/~r/is-mergers/~4/427461046"; height="1"
width="1"/

Categories: Business, International Business
Japan ready to inject funds into major banks: minister

International Business - 4 min 37 sec ago

Japan is ready to inject public funds into big or small banks if they fall
victim to the credit crunch, the country's economic and fiscal policy
minister said Tuesday.img src="
http://feeds.feedburner.com/~r/is-mergers/~4/427461047"; height="1"
width="1"/

Categories: Business, International Business
ECB to pump 400 billion euros, dollars into money markets

International Business - 4 min 37 sec ago

The European Central Bank set at roughly 400 billion euros (530 billion
dollars) the amount of euros and dollars it will pump into eurozone money
markets in coming days to get cash flowing though the critical but clogged
system.img src="http://feeds.feedburner.com/~r/is-mergers/~4/427461048";
height="1" width="1"/

Categories: Business, International Business
Novartis to buy Nektar's pulmonary unit for $115M

International Business - 4 min 37 sec ago

Pharmaceutical giant Novartis AG said Tuesday it will buy the pulmonary drug
unit of California-based Nektar Therapeutics for US$115 million.img src="
http://feeds.feedburner.com/~r/is-mergers/~4/427362747"; height="1"
width="1"/

Categories: Business, International Business


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