US markets slipped on Friday as lower earnings from industralised companies weighed on the market sentiment despite robust growth by technology firms. Dow Jones Industrial Average index declined below the 10,000-mark to end at 9,972, down 109 points. The Nasdaq was down 11 points at 2,154. The Indian ADRs also closed mostly ...

US regulators on Friday 23rd October 2009, shut down four small banks, pushing this year’s tally of failed banks to 103, marking the highest annual level of failed institutions since the savings and loan crisis. The four banks that were shuttered on Friday all had assets under $200 million. The ...

Industrial output figure for the month of Aug 09 shows an increase over previous month and its a clear sign of recovery from recession. Industrial output in Germany increased by 1.7% in the month of August as compared to negative growth of -0.9% in the month of July 2009. Rising Industrial ...

Spanish financial giant Banco Santander SA has raised $8.1 billion with an IPO (initial public offer) of shares in its Brazilian subsidiary, the largest IPO in the world this year. Banco Santander's Brazilian unit raised 14.1 billion reais ($8.05 billion) in Brazil and it was the largest IPO on a USA ...

As the unemployment figure is not coming down and going higher and higher week after week, some of the analysts of reputed portfolio firms are of the view that US market (DOW) may go down to around 6300. The full story is here in this video...... Related posts:Dow below ...

[caption id="attachment_1722" align="alignleft" width="117" caption="IMF chief Strauss-Kahn"][/caption] Recesion isn't over yet, despite positive signals from Europe's biggest economies, this is the recent view of IMF Chief. Germany and France saw some positive growth figures for the last quarter. As Group of 20 summit is going to be held in Pittsburgh Sept 24-25. ...

The total number of failures gone to a whopping 89 entities so far this year, as 5 more US banks shut shops on 4th September 2009. In 2008 the total number of failed banks were 25 while this year it is more than three-fold. According to the Federal Deposit Insurance ...

According to the most recent survey of private economists in US, the worst U.S. recession since the Great Depression will probably end in Q3, but there is uncertainty over the speed and duration of the economic recovery. This upbeat assessment followed recent government data showing GDP contracted at a shallow 1.0 ...

[caption id="attachment_1094" align="aligncenter" width="126" caption="Warren Buffett"][/caption] WASHINGTON: Legendary investor Warren Buffett said in an interview aired on Thursday unemployment could hit 11 per cent and a second stimulus package might be needed as the economy struggles to recover from recession. Buffett, the billionaire founder of Berkshire Hathaway, said Americans suffered “a shock to ...

IMF has review its April 09 forecast on World Economy and said World groath is stregthening to 2.5 % compared to an April forecast of 1.9 %. IMF chief economist Olivier Blanchard said forces dampening economic activity were easing in intensity but those pushing it up were still weak ...