Eurozone ministers boost firewall to $1tn
Finance ministers in Copenhagen have agreed to increase the size of the eurozone’s rescue funds. Eurozone countries agreed to boost the joint lending power of the “firewall” from 500bn to 800bn euros ($1.1tn; £667bn). “The stability and integrity of the Economic and Monetary Union have required swift and vigorous measures,” More...
Rupee gains 23 paise to 51.17 against dollar
Mumbai: The rupee appreciated by 23 paise to 51.17 against the US dollar in early trade Friday on the Interbank Foreign Exchange market as the American currency fell against the euro and other currencies overseas. Besides More...
Asian stocks fall after Japan industry output falls
Bangkok: Asian stock markets drifted lower Friday, as nervous investors turned their focus to China after digesting a report showing a slowdown in Japanese industrial production. The Nikkei 225 index in Tokyo fell More...
RIM announces Q4 loss at $125 mn, to focus on business customers
Toronto: Struggling BlackBerry maker Research in Motion Ltd. said Thursday that it plans to return its focus to its corporate customers after failing to compete with flashier, consumer-oriented phones such as Apple’s More...
How the euro became a broken dream
London — Why was the euro created? The euro, which created the world’s largest trading power, was designed to link together the European nations for trade and political purposes. It was born amid political More...
Air India management to hold talks with agitating employees today
Mumbai/New Delhi: Air India management has called the agitating employees for talks on Thursday over the issue of non payment of salary. Spelling fresh trouble for crisis-ridden Air India, 8 unions representing More...
Sensex dips below 17K level, down 169 points
Mumbai: The BSE benchmark Sensex dipped below the 17,000 level by losing over 169 points in early trade on Thursday on sustained selling by funds amid a weak trend on other Asian bourses. The 30-share barometer More...
News Corp in fresh storm
Rupert Murdoch’s News Corp was on Tuesday facing a fresh barrage of allegations over its business practices after an Australian newspaper released 14,000 emails concerning one of the group’s security More...
Energy giant struggles to contain offshore gas leak
London — Energy giant Total was trying Wednesday to contain a gas leak that forced the evacuation of a well off the coast of Scotland. A union representing workers on the rig warned there was an “urgent More...
Asian stocks fall after US confidence weakens
Bangkok: Asian stock markets fell Wednesday after a weaker U.S. consumer confidence reading shook hopes for a healthy rebound in the world’s No. 1 economy. Profit-taking drove Japan’s Nikkei 225 index More...
